More than half a year since Covid-19 stalled its spread within mainland China, new clusters of cases have emerged in and around the capital city of Beijing in the last few weeks. Here’s a look at the provinces that have reported confirmed coronavirus cases since Dec. 1, with darker shades representing areas with higher number
Month: January 2021
The Foxconn logo is displayed on a Foxconn building in Taipei on January 31, 2019. Sam Yeh | AFP | Getty Images For a new venture with little revenue, Foxconn‘s nascent automotive business is off to a big start this year, inking partnerships to develop new electric cars with Chinese start-up Byton and Hong Kong-based
Tali Aiona | EyeEm | Getty Images Danish energy firm Orsted is pushing ahead with plans to develop a demonstration project which will harness offshore wind energy to produce “green” hydrogen. In an announcement Wednesday, the company said it had taken a final investment decision on the 2 megawatt (MW) H2RES scheme, which will be
Fast food, big potential? With Goldman Sachs issuing bullish calls in the fast-food and restaurant space on Tuesday, two traders assessed whether the firm’s picks could continue to deliver gains in the year ahead. Goldman analysts named the stock of Chipotle Mexican Grill as their top pick in the space for 2021, also assigning buy
President-elect Joe Biden has picked Dr. Anthony Fauci to lead a U.S. delegation at the World Health Organization’s annual meetings this week, reversing outgoing President Donald Trump’s plan to withdraw from the international aid group. The new administration plans to work with the WHO on an international Covid response plan as one of Biden’s first
A picture taken on January 15, 2021, shows a pharmacist holding with gloved hands a phial of the undiluted Pfizer-BioNTech vaccine for Covid-19, stored at -70 ° in a super freezer of the hospital of Le Mans, northwestern France as the country carry on a vaccination campaign to fight against the spread of the novel
Reed Hastings, CEO of Netflix Getty Images Netflix reported earnings for the fourth quarter of 2020 after the bell on Tuesday, announcing it is “very close” to being free cash flow positive and is considering stock buybacks. This year, it expects to be around break even on cash flow. The stock was up about 12% after
Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California. Mario Tama | Getty Images Procter & Gamble is expected to announce its fiscal second-quarter earnings before the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings
A picture of a woman starting Netflix on a TV inside her apartment. Artur Widak | NurPhoto | Getty Images Check out the companies making headlines after the bell: Netflix — Shares of the media streaming giant soared more than 10% in extended trading after the company reported strong subscriber growth and said it’s considering
The Leuthold Group’s Jim Paulsen sees trouble lurking as investors embrace growing odds of another stimulus package. Even though the long-time bull acknowledges massive aid has been necessary to steer the U.S. through the coronavirus crisis, he’s worried too much spending will spark sharp inflation. In a recent note, Paulsen called it the “most significant risk
A symbol of TikTok (Douyin) is pictured at The Place shopping mall at dusk on August 22, 2020 in Beijing, China. VCG | Visual China Group | Getty Images GUANGZHOU, China — ByteDance has launched a new payment service within Douyin, the Chinese version of short-video sharing app TikTok. Douyin users can choose Douyin Pay
Take a look at some of the biggest movers in the premarket: Morgan Stanley (MS) – Morgan Stanley earnings and revenue beat estimates for the fourth quarter. Results were helped in part by strong growth in investment banking and trading revenues. The company’s shares rose 2.5% in premarket trading as of 7:40 a.m. ET. UnitedHealth
James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $1.27 a share, 2.4%
Stock futures held steady in overnight trading on Tuesday as investors awaited President-elect Joe Biden’s inauguration. Futures on the Dow Jones Industrial Average rose just 40 points. S&P 500 futures were flat and Nasdaq 100 futures gain 0.3%. Netflix soared more than 10% in extended trading after the company reported strong subscriber growth and said
Martin Luther King Jr. Day is more than a day of celebration of the civil rights leader. As King’s wife Coretta Scott wrote in The Washington Post in 1983, “Let this holiday be a day of reflection, a day of teaching non-violent philosophy and strategy, a day of getting involved in non-violent action for social
By the end of this year, Disney fans will be able to explore every continent on Earth with the kid-friendly brand. Last week, Adventures by Disney announced the launch of cruises to Antarctica and the Galapagos Islands. The first Antarctica tour is scheduled to depart this year, while the cruises to the Galapagos will begin
Netflix hit another major milestone on Tuesday when the streaming giant said it topped 200 million subscribers for the first time. CEO Reed Hastings decided to celebrate: so, he ordered dinner from Denny’s. The 60-year-old Netflix co-founder might have an estimated net worth of $5.8 billion, according to Forbes. But Hastings apparently won’t let his
Intel logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. Joan Cros | NurPhoto | Getty Images Earnings season is here, and Wall Street analysts are calling for another decline amid the pandemic. However, some pros are more optimistic about the fourth quarter earnings season, with Ignacio Cantos, investment director
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Retail investing behemoth Charles Schwab beat Wall Street’s profit and revenue expectations for the fourth quarter, the first earnings report following Schwab’s $26 billion acquisition of rival TD Ameritrade. Charles Schwab on
An 8500 series oil rig ENSCO Elon Musk’s SpaceX bought two deepwater oil rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing. The rigs are in the Port of Brownsville, near SpaceX’s Starship development facility in Boca Chica, Texas. The rigs have been
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