Text size The BioNTech logo on the facade of its manufacturing site in Marburg, central Germany. (Photo by THOMAS LOHNES / AFP via Getty Images) BioNTech , the German biotech company, reported first-quarter earnings and sales that topped Wall Street expectations. The company, which partnered with Pfizer to develop the first Covid-19 vaccine approved for … Read more
Text size Oil prices slip Monday but are still elevated. Pichit Boonhuad / Dreamstime.com Oil prices declined Monday after Saudi Arabia, the biggest exporter, reduced prices for Asia and the northwest of Europe. Tighter lockdowns in China to prevent the spread of new Covid-19 outbreaks, as well as signs of a broader global economic slowdown, … Read more
Royal Caribbean CEO Jason Liberty credits the cruise operator’s relationships with its bankers as a key to getting ‘affordable capital’ to keep it afloat during the pandemic. Here, Royal’s Anthem of the Seas cruise ship in Scotland last year. Jeff J Mitchell / Getty Images Text size There are signs that the cruise industry, which … Read more
A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal / AFP via Getty Images Text size Chinese electric vehicle makers NIO , XPeng spirit Li Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives Tesla investors something else … Read more
A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal / AFP via Getty Images Text size Chinese electric vehicle makers NIO , XPeng spirit Li Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives Tesla investors something else … Read more
Text size Teladoc cut its financial outlook for the year. Courtesy of Teladoc Teladoc Health shares tumbled 38% in Wednesday’s after-hours trading, after the remote healthcare provider reported deeper-than-expected losses for the first quarter and cut its financial projections for the year. The stock already had slid 70% over the past 12 months as the … Read more
Text size Teladoc cut its financial outlook for the year. Courtesy of Teladoc Teladoc Health shares tumbled 38% in Wednesday’s after-hour trading, after the remote healthcare provider reported deeper-than-expected losses for the first quarter and cut its financial projections for the year. The stock already had slid 70% over the past 12 months as the … Read more
Text size Shanghai has been under strict Covid-19 lockdowns since March. Dreamstime The worsening Covid-19 situation in China is weighing on the country’s stock market, with companies including Alibaba, JD.com, and NIO notching strong declines on Monday amid fears that lockdowns could spread to Beijing. Shares in Alibaba (ticker: BABA) fell 4% in US premarket … Read more
Text size An aerial view of Tesla’s Shanghai factory, which closed in late March due to rising cases. Xiaolu Chu / Getty Images Tesla might be reopening its most productive facility earlier than investors expected after it was shut down due to a Covid-19 outbreak in Shanghai. There is a catch though. The electric vehicle … Read more
Text size A Nio eS8 car was seen during the 19th Shanghai International Automobile Industry Exhibition in Shanghai on April 19, 2021. Hector Retamal / AFP via Getty Images NIO stock dropped Monday after the Chinese-based electric-car company said over the weekend that it was suspending production due to Covid-19 restrictions that have disrupted its … Read more