On Wednesday the U.S Senate approved a budget resolution, allowing the passage of a $1.9 trillion coronavirus relief bill. According to CNBC, the House chamber will have to vote again…
Online brokerage app Robinhood has removed the temporary trading restrictions on all stocks, according to Reuters. GameStop's trading limit set at 500 shares and AMC's limit of 5,500 shares has…
Nordstrom expects its revenue to rise more than 25% in 2021 with about half of sales coming from its digital business, according to CNBC. The company plans to focus its…
PayPal added 16.0 million Net New Active Accounts (NNAs) in Q 4 2020, up 72% from the same period of 2019, according to the company’s press release. FY20 added a…
On Thursday VISA announced a partnership with First Boulevard to pilot its new suite of crypto APIs, according to Businesswire. The APIs will enable Visa customers to purchase, store, and…
Bitcoin reached $38,000 while Ethereum hit a new all-time high of around $1,700, taking the total capitalization of the crypto market to a record $1.150 trillion. According to CryptoPotato, the…
Susquehanna analyst Shyam Patil has raised Amazon’s price target from $4,000 to $5,200, according to MarketWatch. The analyst was also most bullish on Google-parent Alphabet after boosting the target by…
General Motors will cut production during the week of February 8 at Fairfax, Kansas, Ingersoll , Ontario, and San Luis Potosi in Mexico, according to Reuters. The automaker will operate…
Vaxart’s stock fell 60% after the company failed to find neutralizing antibodies in clinical trials of its oral Covid vaccine, according to CNBC. The disappointing results came even as the…
GlaxoSmithKline expects earnings to fall by a mid-to high-single-digit percentage this year due to Covid disruptions and investments in new drug pipelines, according to Reuters. The world’s biggest vaccine maker…
Amazon’s net sales in the fourth quarter rose 44% to $125.6 billion, up from $87.4 billion in the same period in 2019, according to the company’s press release. The company…
Exxon Mobil Corp posted a net loss of $20.1 billion or $4.70 per share in the fourth quarter of 2020, according to the company’s press release. The loss was a…