The U.S. based pharmaceutical giant Pfizer, in cooperation with German drugmaker BioNTech, is working on a coronavirus vaccine. Interestingly, the experimental vaccine developed by Pfizer and BioNTech contains genetic material called messenger RNA or mRNA. As a reminder, the mRNA is a genetic code that tells cells what to build. However, Pfizer and BioNTech are …
Pharmaceutical Giant Pfizer and Coronavirus Vaccine Read More »
Pfizer released the data regarding the early-stage human trial of a coronavirus pandemic. Pfizer shares jumped 4% on July 1, after the company released this information. Interestingly, the trial evaluated 45 people. Each person who participated in this trial received 10, 30, or 100 microgram doses of the vaccine or a placebo. Based on the …
Pfizer Shares Jumped on Wednesday Thanks to Positive Data Read More »
Based on the information provided by the country’s National Bureau of Statistics (NBS) China’s official manufacturing Purchasing Manager’s Index (PMI) for June came in at 50.9. Importantly, PMI readings above 50 signify expansion while below 50 indicates contraction. In May, the official manufacturing PMI was lower by 0.3 and was at 50.6. This information helped …
Stocks in the Asia Pacific strengthened their positions thanks to the information connected with China’s official manufacturing Purchasing Manager’s Index (PMI). Importantly, the country’s June manufacturing activity surpassed expectations. Mainland Chinese stocks saw gains on the day. The Shenzhen Component jumped 2.042% to approximately 11,992.35. At the same time, the Shanghai Composite added 0.78% to …
Chinese Stocks Benefited from the Manufacturing Activity Read More »
Stocks fell on June 29 due to the problem connected with the coronavirus pandemic. As a reminder, cases continue to rise and this is bad news for the stocks. For example, in Japan Nikkei 225 fell 2.3% to close at 21,995.04 as shares of index heavyweight Fast Retailing and Softbank Group dropped more than 2% …
Stocks in Asia, Coronavirus Pandemic, and Investors Read More »
People all over the world hear or read about the coronavirus on a daily basis. For the last couple of months, coronavirus pandemic became the main topic of discussion. Moreover, it is hard to say for how long this virus will continue to affect the global economy. Unfortunately, coronavirus cases continue to rise and this …
Stocks Fell as Coronavirus Cases Surpassed 10 Million Read More »
The coronavirus pandemic is a major problem for the global economy. Last week, the world-famous company reported an unexpected quarterly net loss. Furthermore, sales fell by 38% year-over-year. The coronavirus pandemic created additional pressure on the companies. As can be seen from the data provided by Nike, the company was struggling to deal with the …
Coronavirus Pandemic, Nike, and Fourth Fiscal Quarter Read More »
On Thursday, Nike reported an unexpected quarterly net loss. Moreover, sales declined by 38% year-over-year. The coronavirus pandemic caused a lot of problems for the companies and the world-famous sneaker maker is not an exception. Oregon-based company is often described as one of the strongest global brands in the retail industry. However, even for Nike, …
World-Famous Company Nike Reported a Quarterly Net Loss Read More »
Two days ago, the International Monetary Fund (IMF), slashed its economic forecasts once again. The fund expects the global gross domestic product (GDP) to contract by 4.9% in 2020. This news affected stocks. The coronavirus pandemic created a lot of problems in the first half of 2020. Furthermore, it will take more time to recover …
International Monetary Fund and Stocks on June 25 Read More »
It was a tough day for stocks in the Asia Pacific. One day earlier the International Monetary Fund (IMF) decided to change its economic forecast once again. This decision had a negative impact on stocks. For example, shares in Australia led losses among the region’s major markets. The S&P/ASX 200 fell 2.48% to close at …
On Monday, shares of the spaceflight company Virgin Galactic increased by more than 15% to close at $17.39 a share thanks to one decision. Furthermore, the shares of the company jumped on Monday after it signed an agreement with the National Aeronautics and Space Administration (NASA). Let’s have a look at this agreement. Virgin Galactic …
Several decades ago it was hard to imagine that companies will able to compete with state-owned organizations such as NASA. However, private companies such as SpaceX and Virgin Galactic changed the status quo. Moreover, Virgin Galactic signed an agreement with NASA. Interestingly, the shares of the spaceflight company jumped Monday after the company signed the …
It was a turbulent day for the stocks in the Asia Pacific. White House trade advisor Peter Navarro clarified his position. According to Navarro, the U.S.-China trade deal is not over. His comment helped to boost stocks. Let’s have a look at stocks. Interestingly, Hong Kong’s Hang Seng index leg gains among the region’s major …
Stocks in Asia, White House Trade Advisor, and Trade Deal Read More »
Wirecard is no stranger to scandals. However, the latest scandal created additional problems for the German digital payments company. However, there was a time when this company was one of the most promising tech firms in Europe. Wirecard processes payments for consumers and businesses and it sells data analytics services. Importantly, it has nearly 6,000 …
Once-Thriving Company Wirecard and Latest Scandal Read More »
German digital payments company Wirecard made an interesting announcement on Monday. The tech firm said that missing $2.1 billion its auditors were unable to locate probably never existed. This announcement highlighted the severity of the problem. Interestingly, shares in Wirecard dropped in early trading on Monday. Moreover, the stock lost more than 85% over three …
Digital Payments Company Wirecard and Financial Problems Read More »
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