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New York
Thursday, March 4, 2021
Just as the coronavirus makes its way around the world, the U.S. reported its first death from the virus. A man in his 50s from Seattle, Washington who had chronic health issues was the first casualty of the disease. Meanwhile, a cluster outbreak was also reported in...
Stocks are selling off at record pace this week, but there seems to be one stock that’s a safe bet. Amid the coronavirus scare, Clorox ended positive for the week, while the remainder of the S&P 500 is 14 percent down. In fact, only 11 stocks in...
The stock market is the largest it’s ever been in comparison to the economy. According to some economists, this could mean the stock market is overvalued when analyzed by the CAPE ratio. The cyclically-adjusted-price-to-earnings (CAPE) ratio was developed by Robert Shiller, a Nobel...
The world’s top electric car manufacturer surpassed Wall Street estimates in the 4th quarter, delivering a record 112,000 vehicles in the final months of 2019. The figure topped Tesla’s yearly sales goals as well as Wall Street’s prediction of 106,000 vehicle deliveries to customers.
General Motors has announced that it plans to invest $1.5 billion towards producing its next-generation midsize pickups, namely the GMC Canyon and Chevrolet Colorado. GM plans to expand and upgrade its Missouri truck plant located in Wentzville. $1 billion of the investment will go...
The Canadian pharmaceutical biotech company, Aurinia, saw shares skyrocket on Thursday. Shares nearly doubled in a 24-hour period following good news about its lupus drug, voclosporin.  Lupus is a chronic autoimmune disease where a person’s own immune system becomes overactive. The result is that...
Oil prices dropped on Friday ahead of an OPEC meeting, which some analysts predict will see an extension of output cuts until the middle of next near. U.S. crude fell more than 4 percent amid new trade tensions and a record-high crude production in the U.S. Nonetheless,...
Nissan has revised its forecast for 2019 after reviewing its third-quarter reports on Tuesday. The multinational Japanese automaker had a 70 percent reduction in its quarterly profits. The automaker is cutting its forecast to its lowest in 11 years. The company has been plagued...
Apple, one of the world’s top tech companies, is experiencing more sluggish trading than it’s accustomed to. The lag is likely due to the ongoing trade war. While Apple’s third-quarter earnings were higher than expected, the company’s stock is only mildly elevated. Investors still seem...
Regulators and lawmakers around the world are having growing concerns over Facebook’s coming digital currency, libra. The primary concerns revolve around possible disruption of the world’s financial system and increased competition for sovereign currencies, such as the dollar.  Facebook has countered that argument by...