Stock futures opened at a low on Thursday morning, following an underwhelming close on Wednesday evening after a selloff during the regular session. This comes after each of the three major U.S. indexes dropped by their largest margins in the last three months.
This poor performance occurred in light of...
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...
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...
Automotive technology firm Veoneer confirmed in a statement on Thursday that it had reached a collaboration deal with wireless technology giant Qualcomm. This agreement has been in the works since the companies entered into discussions in August of 2020.
Veoneer CEO Jan Carlson expressed his satisfaction over the new deal,...
AstraZeneca and Moderna are among the array of healthcare providers whose coronavirus vaccines are expected to be approved by the World Health Organization in the coming weeks, Reuters revealed in a recent report.
Moderna's vaccine, which is already in use in the United States and certain overseas countries, is expected...
The value of gold has embarked on a steady rise as of late as investors focus their sights on the timeline for a U.S. stimulus package and its impending effect on the value of the dollar. This cautious outlook on markets has aided gold in its recovery from a...
After raising over $180 million in its latest round of fundraising, UK-based food delivery company Deliveroo is valued at over $7 billion, according to a company statement.
With financial backers such as Amazon.com Inc., Deliveroo has received a valuation in line with blue-chip companies such as grocery chain J Sainsbury...
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...
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...
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...