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Aerospace is radioactive right now – but RTX could be a useful exception
Over the last several months, the Aerospace industry, which includes commercial airlines has been one of the biggest, unquestioned losers in the stock market. Yes, the biggest portion of that drop comes from the reality that the industry took some of the biggest drawdowns in the market starting in February as commercial travel dried up […]
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Weekly Jobless Claims Rose For The First Time Since March
Plus, coronavirus cases in the U.S. rose to 4 million, Senate Republicans have come to agreement with the White House on how to proceed with a new coronavirus relief bill, Tesla smashed earnings estimates, and another retailer declared bankruptcy.
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Pfizer & BioNTech Just Landed A $1.95 billion Contract To Provide 100 Million Doses Of Its Coronavirus Vaccine
Plus, the U.S. ordered China to close its consulate in Houston, Nike announced a leadership shake-up, Slack filed a complaint against Microsoft with the European Commission, and United Airlines reported earnings.
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Chevron Is Buying Noble Energy In Largest U.S. Energy Deal So Far This Year
Plus, AstraZeneca said its coronavirus vaccine developed with Oxford University showed a promising immune response in an early study, airline stocks are down after TSA said air travel is down for the first time since April, and Amazon is up after two bullish upgrades.
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U.S. One-Day Rise In Coronavirus Cases At 77,255 Shatters Previous Record
Plus, cruise stocks are down after the CDC officially halts the summer sailing season, Netflix reported disappointing earnings and subscriber growth guidance, and British Airways is grounding its fleet of Boeing 747 jumbo jets ahead of schedule.
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Earnings Season Kicks Off With Beats From JPMorgan & Citigroup
Plus, Delta Air Lines said it is cutting in half the number of flights it had planned to add next month as the coronavirus continues to roil flight demand, 3M has teamed up with MIT to develop a rapid coronavirus antigen test, Google is reportedly in talks to make a $4 billion in Indian telecom Jio Platforms, and Ford unveiled its new line of Bronco SUVs.
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Fed’s Kaplan Said The Economy’s Only Hope Is Widespread Mask-Wearing
Plus, the U.S. reported another record jump in new coronavirus cases, Gilead released positive results from an analysis of its remdesivir treatment in patients severely ill with COVID-19, United reached an agreement with its pilots union, and a top Apple analyst issued a new prediction.
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Bed Bath & Beyond Shares Are Sinking After It Says It’s Closing 200 Stores
Plus, jobless claims came in above 1 million for the 16th straight week, the U.S. surpassed 3 million confirmed coronavirus cases, United Airlines warned 36,000 employees of possible furloughs, and Walgreens reported disappointing earnings.
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Pfizer Shares Climb After Positive Data On Its Coronavirus Vaccine
Plus, ADP said private payrolls grew by 2.369 million in June, United Airlines said it is adding 25,000 flights next month, and Beyond Meat is rising after news its meatless burger patties will soon be available in grocery stores in China.
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Stocks Rise On News China Is Taking A Step Toward Trade Reconciliation With The U.S.
Plus, coronavirus cases rose by more than 27,700 yesterday, AMC is facing backlash for saying it won’t require face masks when it reopens its movie theaters, while American Airlines has temporarily banned a passenger for flouting mask-wearing rules on board a flight out of New York.
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