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...
Pennsylvania-based Inovio Pharmaceuticals Inc experienced a rise in share price following the company’s latest breakthrough regarding the development of its COVID-19 vaccine candidate.
As phase 1 test data showed, Inovio’s vaccine candidate, known as INO-4800, has been shown to be immunogenic in all test subjects. There was also no trace...
Chinese electric vehicle manufacturer XPeng made its first strides on the international stage by deciding to launch its vehicles in Norway. This marks the first occasion on which XPeng has attempted to conduct sales outside of China.
XPeng (XPEV) and its close local competitor Li Auto (LI) both completed their...
Moderna analyst Matthew Harrison predicts that his company’s stock prices will be heavily influenced by the FDA panel meeting that will take place on Thursday regarding the distribution of the biotech firm’s vaccine candidate.
Described by Harrison as “the most innovative vaccine developer” that is capable of outperforming the majority...
After weeks of friction between its chief executive officer and other key stakeholders, Volksgawen’s supervisory board resolved the extended conflict, endorsing CEO Herbert Diess in his role. As a result of this positive outcome, Volkswagen stocks incurred their largest rise in seven months.
The supervisory board sang Diess’ praises in...
With Monday’s COVID-19 vaccine rollout leading to the rise of riskier stocks, gold prices have suffered a minor decline, with spot gold falling by 0.4% to $1,831.75 per ounce. U.S. gold futures declined by 0.4% as well to a price of $1,836.80.
While news that a $908 billion U.S. COVID-19...