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Netflix, Inc. (NFLX) stock rallied above the 2020 high near $400 in April, hitting an all-time high at $459 last week, but it still hasn't confirmed a breakout above tough 2018 resistance around $425. Time is running out for a bullish outcome, with relative strength and volume indicators starting to flash warning signs that could trap late-to-the-party trend followers in […]
Read moreThe number of coronavirus deaths in the United States has topped the 100,000 mark nearly hundred days after the first COVID-19 infection in the country was reported in Washington. The death toll is around as many Americans who died from Covid-19 as from the accumulated number of US troops killed in Korea, Vietnam, Iraq and Afghanistan wars over decades. In […]
Read moreWalt Disney has promoted longtime finance exec and former banker Carlos Gómez as senior vice president, Treasurer, replacing Jonathan Headley, who is retiring. It’s a key role that has become increasingly critical during the COVID-19 pandemic with the global economy in chaos, financial visibility low and most of Disney’s core businesses being pummeled. Gómez, reporting to CFO Christine McCarthy, will […]
Read moreMcDonald’s will reopen all of its 1,000 restaurants in the UK and Ireland for drive-through or delivery by 4 June, as it returns to trading after the coronavirus shutdown. The fast food chain reopened 33 of its drive-throughs in south-east England last week as a trial and it is now expanding the programme to every drive-through branch, alongside an expansion […]
Read moreTesla has cut prices of its electric cars in North America following a decline in auto demand during the coronavirus-induced lockdowns. The company is also reducing the prices for its vehicles in China. The luxury electric car maker has reduced the prices for its flagship Model S sedan and the Model X sport utility vehicle by $5,000 each, while the […]
Read moreA group of McDonald’s employees in Chicago have reportedly filed a lawsuit against the company, alleging that the fast-food chain failed to take adequate safety measures in response to the coronavirus pandemic. According to reports, the lawsuit was filed by five McDonald’s workers and four of their family members in Cook County, Illinois. The lawsuit is seeking class-action status. The […]
Read moreGreggs’ popular vegan sausage roll – and its bestselling meat equivalent – are to make a return next month, after the bakery chain revealed it is to reopen 800 stores across the UK from mid-June. The move follows a successful trial of the reopening of a handful of branches in the north-east this month, when Greggs tested safety measures put […]
Read moreLowe's Companies, Inc. (LOW) reported better-than-expected earnings when it released results on May 20. The home improvement retailer gapped higher to $122.69 and then dipped to $115.52, holding its quarterly pivot at $115.57 as a buying opportunity. The stock closed last week at $122.25, up 2.1% year to date and in bull market territory at 103.8% above its March 19 […]
Read moreStocks turned in a lackluster performance throughout much of the trading session on Tuesday before coming under pressure going into the close. The major averages all moved to the downside, partly offsetting the strong gains posted in the previous session. The major averages ended the day just off their lows of the session. The Dow tumbled 390.51 points or 1.6 […]
Read moreMerck & Co. Inc. (MRK) on Tuesday announced deals, including an acquisition and two collaborations that will enable the U.S. drugmaker to join the race to develop coronavirus vaccines and drugs. Shares of Merck were rising almost 4 percent in the pre-market. Merck said it has agreed to acquire privately-held Themis, an Austria-based company focused on vaccines and immune-modulation therapies […]
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