After 33 years of operational difficulties, American vaccine development company Novavax has finally received approval for its COVID-19 vaccine shot. According to testing results, the Novavax vaccine has efficacy rates that are of a similar level to the vaccines developed by Pfizer and BioNTech as well as Moderna.
As the...
American cloud-scale application monitoring service Datadog Inc. (DDOG) experienced a decline in stock prices after releasing its results for the latest financial quarter. The company’s shares diminished in value by 10% after hours, following a 2.4% decline during the regular session to reach a value of $92.60.
Datadog incurred a...
Nasdaq was up by 2% when trading closed on Wednesday, thanks to investors placing their faith back in technology stocks following the latest surge in COVID-19 cases.
With analysts closely monitoring the race for a Coronavirus vaccine, investors turned away from economically-sensitive sectors in favor of backing technology stocks, particularly...
With concerns over inflation shrouding a generally strong round of corporate earnings results, stock futures were mixed when opening on Wednesday morning. Contracts on the S&P 500 remain up by 1.8% for the year despite ending Wednesday's session lower.
Inflation worries, along with a decline in new-home construction last month,...
GameStop shares rallied by a colossal 92% at the time of Tuesday's close, resulting in a record price tag of $147.98 per share. The gaming merchandise retail chain now has a market cap of over $10 billion.
The beginning of this surge could be traced back to last week's clash...
The Nasdaq index has been predicted to open lower on Monday morning following the recent general decline of mega-cap technology firms. Among the firms that fell during premarket trading were Google owner Alphabet Inc, Facebook owner Meta Platforms, Amazon.com Inc, Microsoft Corp, and Tesla Inc. Losses ranged from 0.5%...
With both Pfizer (PFE) and BioNTech’s (BNTX) reporting that their vaccine candidates have been more than 90% successful in treating COVID-19 patients during clinical trials, stock futures have enjoyed a higher opening, thus encouraging investors to snatch up these assets.
This boost to the market, which occurred on Monday, has...
Investment management company Blackstone Group Inc. has agreed to the purchase of a life insurance business from Allstate Corp. for a sum of $2.8 billion. This deal is part of Blackstone's plan to expand its market share in the insurance industry.
This deal comes as Allstate continues pursuing its goal...
Chinese delivery and warehousing firm JD Logistics surged during its debut on the Hong Kong Stock Exchange, amassing a stock market value of $34 million to make it the exchange's second-largest listing this year.
During its debut on Friday, JD Logistics shares rose 18.3% above its initial public offering (IPO)...
U.S. stocks experienced widespread gains as markets came to a close on Thursday. This rise came as a result of renewed investor confidence due to solid corporate earnings outweighing the threat that the new delta variant of the coronavirus poses to economic recovery.
While the S&P 500 rose by 0.4%...