(Bloomberg) — Last month, on the Friday before the U.S. stock market recorded its worst weekly plunge since 2008, Texas billionaire Tilman Fertitta was beaming.As he prepared to host an annual Mardi Gras celebration at a beachfront resort outside Houston, business was booming, pushing his personal fortune to more than $5 billion.A few weeks later…
Why Inseego Products Are In Demand During The Pandemic
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Water and toilet paper have been flying off the shelves, and they're not the only household products in high demand due to the coronavirus pandemic.With the temporary solution to combat the spread of the virus being working from home, Inseego Corp's (NASDAQ: INSG) MiFi Jetpack 8800L and its MiFi 8000 internet boxes have been in…
We're Looking at a System-Wide Margin Call
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Intel, AMD Say They're Operating Near Capacity Despite Coronavirus Disruptions
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Even as the sell-side debates the extent of the damage the COVID-19 pandemic will inflict on chipmakers, Intel Corporation (NASDAQ: INTC) and Advanced Micro Devices, Inc. (NASDAQ: AMD) appear to be going strong in the face of the adversity.AMD, Intel Say Supply To Keep Pace With Rising Demand AMD and Intel have said they are…
Stock market news live: Stock futures drop, hit limit down
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Stocks are reeling from the coronavirus crisis, with relentless selling pushing benchmarks to three-year lows.
Danaher's Cepheid Receives FDA Emergency Use Authorization For 45-Minute Coronavirus Test
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Late Friday night, the U.S. Food And Drug Administration approved the first coronavirus test that can be conducted entirely at the point of care for a patient and deliver results in 45 minutes.Cepheid's Xpert Xpress SARS-CoV-2 is a rapid molecular diagnostic test for qualitative detection of SARS-CoV-2, the virus causing COVID-19, the company said in…
Gilead’s Coronavirus Vaccine Candidate Shows Promise, Says Cowen
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After falling for three straight years on declining sales of hepatitis C drugs, Gilead Sciences' (GILD) revenues finally seemed to bottom last year, and even resumed growing again. Now there's hope that the global coronavirus pandemic could give Gilead an additional financial shot in the arm in 2020 and beyond.In a note surveying the "medical…
3 Grocery Store Stocks to Buy as Fear Continues to Permeate
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Panic buying is prevalent in America today due to the coronavirus from China spreading globally. Shoppers are stockpiling essential goods, including bathroom tissue, canned foods, bottled water and hand sanitizer. This phenomenon could translate to an opportunity in grocery store stocks.Three stocks in the grocery store space are poised for exceptional gains during the coronavirus…
The Coronavirus Killed the Progressive Left
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(Bloomberg Opinion) — Covid-19 and the Democratic presidential primaries, the two biggest stories of the year so far, reflect a common theme: the death of the progressive left. Looking back, historians may well see late 2019 and very early 2020 as a kind of high-water mark for American progressivism.It wasn’t so long ago that Bernie…
Crude Oil Price Update – Sustained Move Over $24.82 Will Scare Weak Short-Sellers
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Based on the early price action and the current price at $24.49, the direction of the May WTI crude oil futures contract the rest of the session on Thursday is likely to be determined by trader reaction to the steep downtrending Gann angle at $24.82.
Two generic drugs being tested in U.S. in race to find coronavirus treatments
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Fujifilm Shares Skyrocket As China Says Its Flu Medicine Works For Coronavirus
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The shares of FUJIFILM Holdings Corporation (OTC: FUJIY) hit their daily permissible high limit on Wednesday's open in Tokyo.What Happened The massive jump in an otherwise bearish market came as China suggested that an influenza medicine developed by subsidiary FUJIFILM Toyama Chemical Co. Ltd. is also effective against the novel coronavirus (COVID-19)."It has a high…