Plus, Tesla said it plans to sell up to $5 billion in new stock, Walmart said it will launch its Walmart+ subscription service on September 15, and Apple is expected to announced its new iPhones in October.
Read MorePlus, Japanese Prime Minister Shinzo Abe is stepping down, House Speaker Pelosi said Democrats and Republicans are at a “tragic impasse” on coronavirus relief negotiations, Abbott Laboratories inked a deal with the U.S. government for 150 million of its rapid coronavirus antigen test.
Read MoreThe coronavirus could throw a wrench into the economic recovery this fall.
Read MorePlus, Fed Chairman Powell announced a move to “average inflation targeting,” initial jobless claims again came in above 1 million, and Amazon is getting into the wearables market.
Read MorePlus, Moderna said its coronavirus vaccine candidate showed a promising immune response in older patients in an early trial, Kansas City Fed President Esther George warned of a double-dip recession, and McDonald’s has reportedly expanded the scope of its investigation against former CEO Easterbrook.
Read MorePlus, U.S. sales of previously owned homes surged the most on record in July, Deere delivered an earnings beat, and Tesla shares surged past $2,000.
Read MorePlus, initial jobless claims again came in above 1 million, Johnson & Johnson is launching a trial for its coronavirus vaccine candidate with 60,000 people next month, and Airbnb filed to go public.
Read MorePlus, there’s fresh hope on the stimulus front, Target delivered a blowout earnings report, and Johnson & Johnson is buying Momenta Pharmaceuticals.
Read MorePlus, Senate Republicans are planning to introduce a scaled back stimulus bill as the standoff with Democrats over a new virus relief plan continues, Quest Diagnostics sped up its coronavirus testing turnaround time, and three big retailers reported earnings.
Read MoreThe market’s activity over the last couple of weeks, with the S&P 500 and NASDAQ pushing to highs above pre-pandemic levels, and the Dow within shouting distance of its own early 2020 highs, seems to be giving a lot of investors reason to believe broad conditions are better than they really are. While there certainly […]
Read MorePlus, It just got even more unlikely Congress will come to agreement on the next coronavirus relief bill before September, Novavax reached a deal with the U.K. for 60 million doses of its coronavirus vaccine, and Simon Property Group is teaming up with Authentic Brands Group to take over Lucky Brand.
Read MoreHowever, the Minneapolis Fed president says one move could still pave the way to a stronger economic recovery.
Read MorePlus, Novavax signed a deal with SK Bioscience to manufacture the antigen component of its COVID-19 vaccine candidate, Apple is reportedly preparing bundles of its digital services, and Tapestry shares are down after reporting earnings.
Read MorePlus, Treasury Secretary Mnuchin said the Trump administration is open to resuming talks with Democratic leaders on a new coronavirus relief bill as cases in the U.S. surpass 5 million, and Amazon is in discussions to take over old JCPenney and Sears stores to convert them into Amazon fulfillment centers.
Read MorePlus, President Trump issued an executive order banning TikTok and WeChat, July job gains came in just under 1.8 million, and coronavirus relief bill talks have stalled.
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