With the COVID-19 pandemic having a devastating effect on air travel since March 2020, Delta Air Lines has incurred damage as reflected in the company’s fourth-quarter earnings report. All in all, the major U.S. carrier lost $15.6 billion dollars in 2020, with its adjusted operating revenue plummeting by 69%...
15 years after it was taken private, animal supply chain store Petco enjoyed a strong return to life as a publicly-traded company, generating $864 million in its initial public offering. The company, now changing its name to Petco Health and Wellness Co., sold 48 million shares at a price...
Johnson & Johnson stocks slid by 0.2% during afternoon trading on Wednesday after reports of its coronavirus vaccine candidate falling two months behind schedule.
While the pharmaceutical company had initially planned to have 12 million doses of its vaccine ready for distribution by the end of February, several delays have...
With the coronavirus pandemic influencing major lockdowns across the globe, exercise at home is a constantly increasing trend. Payment platform Affirm is one company that has managed to reap the rewards of this growing phenomenon.
According to Affirm’s S-1 filing, a large portion of the company’s revenue has been generated...
While Moderna continues to wait for the European Commission’s decision on whether or not to approve the use of its vaccine within European Union member states, the biotech firm received a monumental boost as the European Medicines Agency (EMA) recommended that Moderna’s vaccine be authorized for use.
EMA executive director...
Oil futures enjoyed a strong start to 2021, achieving a 5% rise on Tuesday. This marks the first occasion on which U.S. prices rose above $50 since February of last year.
This has led to an agreement being reached by the Organization of the Petroleum Exporting Countries to suppress production...
In an auction over 5G airwaves across the United States, bidding has exceeded $76.5 billion, making it the most expensive auction to be run by the Federal Communications Commission to date. The auction, which began last month, started out with 57 potential bidders.
With the bidding war already reaching new...
Electric vehicle battery manufacturer QuantumScape endured a difficult start to trading in 2021, with its stock falling by an astronomical 41% on January 4th. Several reasons have been given for this steep decline, ranging from the company’s filing known as a Resale S-1 form on December 31st to the...
With traders expressing optimism as impending government aid is expected to fuel economic growth, U.S. stocks have been edging ever closer to record high figures. This positive reaction has offset the initial uncertainty surrounding the speed with which vaccines can be expected to be distributed.
The S&P 500 index is...
The major US stock indexes finished higher at a premature close on Thursday prior to the Christmas weekend. While the S&P finished the week slightly lower, The Dow Jones managed a slight gain while Nasdaq made a significant stride.
Many investors had high hopes due to the possibility of a...