Posted by OFX AUD - Australian Dollar The Australian dollar rallied on Monday rising steadily throughout the day, extending beyond 0.65 to touch intraday highs at 0.6527. Souring risk sentiment forced the AUD lower through trade last week as fears of a second wave of infections enveloped markets. That sentiment shifted on … Continue reading "Promise of a vaccine spurs risk on move, driving the AUD back through 0.65"The post Promise of a vaccine spurs risk on move, driving the AUD back through 0.65 appeared first on ....
The spotlight Tuesday will be on earnings from retail heavyweights Walmart, Home Depot and Kohl’s and Federal Reserve Chairman Jerome Powell’s testimony on Capitol Hill....
(Bloomberg) -- Kevin Mayer, the architect of Walt Disney Co.’s direct-to-consumer video strategy, is leaving the entertainment giant to join TikTok, three months after getting passed over for the job of chief executive officer.Mayer, 58, will become CEO of the fast-growing Chinese social-media app that’s popular with teens and other young people, starting on June 1. His appointment was announced by ByteDance Ltd., TikTok’s parent, where he will also serve as chief operating officer.The departure, though not unexpected, is a loss for Disney’s streaming effort at a time when other businesses -- including its film studio, theme parks and TV networks -- are bearing the brunt of the coronavirus-related shutdown. Besides leading the the company’s online video push, Mayer was the strategist behind numerous Disney deals through the years, such as the acquisitions of Lucasfilm and Marvel.“I just love the mission of TikTok, which is to bring joy and inspiration to...
Comcar Industries, the parent company for five national truck transportation and related services businesses, has announced its intent to sell its various operating companies, recently filling for Chapter 11 protection to facilitate these sales. ...
Former Moderna director Moncef Slaoui who now leads the White House's vaccine development effort will divest all of his equity interest, the company said....
(Bloomberg) -- Overstock.com Inc.’s stock price has been on a tear during the coronavirus crisis, but behind the scenes the online retailer is locked into a pitched battle with Wall Street over its controversial plans to issue a first-of-its-kind digital dividend.The fight stems from Overstock’s demand to control where the new securities are allowed to trade, rather than letting investors buy and sell them wherever they choose. Earlier this month, the company sent a letter to a number of financial firms reminding them that it expects all trading in the dividend to take place on a venue called tZERO, which Overstock owns.The retailer’s lawyers reiterated the requirement during a conference call with brokers that industry executives say quickly devolved into threats of lawsuits, though Overstock disputes that any such warnings were made. The tensions are coming to a head just as the dividend, which will give investors one preferred share for...
