On Wednesday, Gilead Sciences announced that it would soon begin enrolling volunteers for the next phase of its Remdesivir trial. Yahoo Finance’s Anjalee Khemlani breaks down the latest news about Gilead Science’s trial on The Final Round. ...
Jim Bianco, Bianco Research President & CEO, joins The Final Round to discuss his views on how the markets is faring amid volatile news surrounding coronavirus cases and re-opening, and what part the Federal Reserve has played in the current state of the economy. ...
(Bloomberg) -- Hertz Global Holdings Inc. suspended plans to raise cash by selling new shares that the bankrupt car renter described as potentially “worthless” after its proposal failed to pass muster with regulators.The company halted sales while it deals with issues brought up by staff members at the U.S. Securities and Exchange Commission, according to a filing. The stock, whose trading had been halted earlier in the day, ended the regular trading session up 5 cents at $2, while ilts bonds tumbled.The action puts the brakes at least temporarily on Hertz’s so-called ATM Program, which sought to raise as much as $500 million for the cash-hungry company. The extra scrutiny comes amid a mania, especially among individual investors, for shares of bankrupt and near-bankrupt companies. The enthusiasm has baffled professionals because common shares typically get canceled at the end of the court process, leaving equity owners empty-handed.“After discussions with the staff,...
The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery. The S&P 500 and the Dow reversed earlier gains to snap a three-day winning streak. Tech shares led the Nasdaq to a modest gain....
Stocks cut earlier gains, and the S&P 500 and Dow turned negative, after new data showed further spikes in coronavirus cases in some densely populated U.S. states....
(Bloomberg) -- U.S. stocks fell for the first time in four days as worrying increases in coronavirus cases overtook optimism about stimulus measures. Treasury note yields fell and the dollar was little changed.The benchmark S&P 500 Index swung between gains and losses for most of Wednesday before turning red late, with the energy, real estate and financial sectors leading the declines. Apple and Microsoft helped the Nasdaq Composite close positive. Infections increased from China to Brazil and Iran warned it may need a new lockdown. Texas reported a surge in hospitalizations.“The market is searching for a new catalyst,” said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute. “The narrative around policy stimulus and better economic data seems to be losing its sway.”While volume was 20% below the 30-day average Wednesday, trading has been volatile for the past two weeks. After rising to a 12-week high on June 8,...
