Moderna Inc. (MRNA) shares seem to be taking an upward turn on the NASDAQ stock market index, following the company’s decision to commit to a timeline for the completion of its coronavirus vaccine. The biotechnology company also submitted an application to the United States Government for emergency use authorization. This...
While investors expected Netflix to flourish at a time when worldwide communities were confined to their homes, the company reported that it received a decelerating number of new subscribers over the course of 2020. In the first quarter of 2020, the company managed to meet investors’ expectations, enjoying a surge...
With Amazon Prime generating a jaw-dropping $7.16 billion in sales revenue during its two-day Amazon Prime Day last year, the eCommerce giant is expected to increase its revenue to $10 billion this year. As such, Amazon’s offering is expected to cripple the sales generated by brick-and-mortar stores on Black Friday...
In a study conducted by CoreLogic, a financial data and analytics firm, it was found that the proportion of US homeowners who are at least four months behind on their mortgage payments has reached 1.4%, a 21-year record high. This figure is up 0.12% from July 2019, and is the...
The United States has undergone an unexpected rise in unemployment in the past week, with the coronavirus pandemic still causing widespread disruptions to the economy. This finding came on Thursday morning, when the Department of Labor (DOL) released its weekly claims report regarding joblessness. The report indicated that approximately 898,000...
Within days of releasing their Q3 financial results, Tesla Inc. announced on Tuesday that it would be reducing the price of the Model S “Long Range” sedan by 4% in the United States. This news comes after the electric car manufacturer reported record quarterly deliveries. With their third-quarter results scheduled...
Shareholders of the U.K. branch of Unilever recently voiced their opinions in a vote regarding the motion to unify the company’s headquarters in Britain, an inside source revealed. With the vote expected to be officially announced at a shareholders’ meeting on Monday, it is believed that those involved voted heavily...