Novavax receives a sales rating. It has a Covid vaccine problem, analysts say.

Text size A healthcare professional is preparing a dose of Nuvaxovid vaccine. Jeroen Jumelet / ANP / AFP via Getty Images Novavax the stock fell on Friday after receiving a sales equivalent rating – the first since December 2020 and the only one from Wall Street. Bank of America Securities analyst Alec Stranahan began coverage … Read more

The technician, who called the 2020 market bottom, says a ‘shocking rally’ is on the way

It has been a terrible week in a terrible year for the stock market. Walmart WMT, -2.74%, Target TGT, -5.06%, and Tencent 700, +3.53% each reported disappointing results to add fuel to concerns about rate hikes and quantitative easing. But apart from Melvin Capital, there have been no signs of capitulation. Over the past six … Read more

The stock market today: Dow Futures faltering, oil prices falling after weak Chinese data

Text size Shares have been sold in recent weeks due to investors’ concerns about inflation and growth. Ed Jones / AFP via Getty Images Equities faltered as weak data from China revealed how Covid-19 lockdowns have weighed on the world’s second-largest economy, raising investors’ concerns about global growth. Futures for Dow Jones Industrial Average retreated … Read more

BioNTech Earnings Top Forecasts on Strong Sales of Covid-19 Vaccine

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

Oil Prices Slip as Saudi Arabia Cuts Prices and China Lockdowns Intensify

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’s New CEO Talks Profit, Debt, and Consumers’ Post-Covid Mindset

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

Tesla Investors, Beware: April Deliveries for NIO, Li, and XPeng Hit by Covid

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

Tesla Investors Beware: Bad NIO, Li, XPeng April Deliveries Hit by Covid.

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

Teladoc Tumbled 38% After Big First-Quarter Loss. Is It Just a Pandemic Play?

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

Teladoc Tumbled 38% After Big First-Quarter Loss. Is It Just a Pandemic Play?

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

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