Drawn-out Bear Market to Force a 30% Plunge in Stocks-David Tice
Long-time bear David Tice has warned investors to expect at least a 30% fall in stocks in a downturn that lasts two years, reports CNBC. Tice cites business-unfriendly policies from…
Moderna Vaccine has Neutralizing Activity against Covid Variants of U.K and S. Africa
Moderna studies showed its Covid vaccine retains neutralizing activity against emerging strains of SARS-CoV-2, according to the company’s press release. The vaccine neutralizes all key emerging variants, including B.1.1.7 and…
GameStop Defies Bear Bets to Maintain Gains. More than Doubles on Premarket
GameStop stock rose as high as $136.63 on Monday, up from Friday’s close of $65.01. According to Bloomberg, the parabolic rise showcases the divide between day traders and bears expecting…
World Economic Forum: Top Global Risks in 2021
Climate action failure is the world’s most concerning risk of 2021, according to a survey by the World Economic Forum. Climate action failure is only second to extreme weather and…
Facebook Led Big Tech Lobbying in 2020, Amazon Came Second
Facebook spent $19.68 million on lobbying in 2020, more than any other Big Tech company, according to CNBC. The social media giant increased its lobbying spending by 17.8% from 2019,…
Walmart Steps up Covid Vaccinations in More States
Walmart will provide COVID-19 vaccinations in seven more states, besides Chicago and Puerto Rico, this week and next, according to Reuters. The shots will be availed to specified populations decided…
IBM Stock Slide on Lower-than-Expected Fourth Quarter Revenues
IBM stock fell as much as 7% in extended trading on Wednesday. The decline occurred after the company reported revenues of $20.37 billion in the fourth quarter, less than expected…
Intel Revenue Tops Guidance in Fourth Quarter. Full-Year Revenue Hits All-Time High
Intel delivered fourth-quarter revenue of $20.0 billion or $1.42 earnings per share, exceeding October’s guidance of $2.6 billion, according to the company’s press release. Full-year revenue set an all-time record…
U.K PM Warns Against Easing of Restrictions, Third Lockdown May go Into Summer
U.K Prime Minister Boris Johnson and Home Secretary Priti Patel did not rule out that the new lockdown will last into the summer, according to Bloomberg. The government stressed reinforcing…
MediaTek Takes No. 1 Spot in Chip Market as Qualcomm’s Plunges on Huawei Sanctions
Qualcomm’s market share of China’s smartphone chip market fell to 25.4% in 2020 from 37.9% in 2019 while shipments shrank 48.1%, according to CNBC. The so-called system on chips (SOC)…
Joe Biden’s Inauguration as the 46th U.S President
Joseph Robinette Biden Jr. was sworn in as the 46th U.S president to end days of daunting power transfer in recent American history, reports CNBC. Biden declared, “Democracy has prevailed”…
P&G Raises Forecast after Earnings Top Expectations, Sales Jump 8%
Procter & Gamble expects sales growth of 5% to 6% in fiscal 2021, up from an initial outlook of 3% to 4%, according to the company's press release. Sales rose…
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