According to Stephan Feldgoise, Goldman Sachs is using drones in its teleconferences and virtual site visits to show clients what they’re bidding on. Feldgoise is Goldman’s M&A global co-head. COVID-19 has made many company traditions change. Meeting with clients in person and travel came...
Equity markets around the globe rose to an all-time high this past week. According to Torsten Slok, an Apollo Global Management Chief Economist, the total stock market cap hit $95 trillion only through past Wednesday. The latest climb was likely triggered by news that BioNTech and Pfizer...
On Monday, oil fell to an 18-year low as the coronavirus spread across the globe and slowed transportation and reduced demand on the commodity. Meanwhile, OPEC+ nations, including Saudi Arabia, planned to ramp crude production. Most of the world has initiated lockdowns until the...
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,...