White House and Congressional officials shared with Wall Street executives that the next round of coronavirus stimulus relief could add another 1.5 trillion dollars. Yahoo Finance’s Jessica Smith breaks down the latest developments on COVID-19....
The clock is ticking to stop COVID-19 dead in its tracks, and diagnostics company Co-Diagnostics (CODX) isn’t wasting any time. For investors thinking the story couldn’t get any better after it posted a 1,049% year-to-date gain, think again.On April 3, its Logix Smart COVID-19 test kit was granted Emergency Use Authorization (EUA) by the FDA for use in detecting the deadly virus. The test has already shown 100% sensitivity and 100% specificity in identifying SARS-CoV-2 without showing any cross-reactivity with other coronaviruses. Not to mention the test is easy to use as well as interpret, and the number of test shipments is steadily rising.Writing for H.C. Wainwright, five-star analyst Yi Chen acknowledges that current FDA policy doesn’t require CODX to obtain an EUA in order to sell the product in the U.S. However, Chen stated, "The EUA issuance should help the company garner recognition and branding power among potential customers... In...
Nvidia jumped above a 275.50 cup-with-handle buy point at the open, but reversed lower. Looks like it'll try to hold 50-day line. Example of why it's good to wait 30/60 minutes after open to see how stock...
(Bloomberg) -- Gold prices that usually move in lockstep are diverging again, reviving fears of impending turmoil just a couple of weeks after the last bout of panic.An ounce of bullion sold in New York was as much as $50 more expensive than in London Tuesday, compared with just a few dollars in normal times. The price spread is seen as a measure of the cost to swap futures contracts into gold in its physical form.A similar discrepancy occurred about two weeks ago, as the coronavirus crisis disrupted supply chains and caused flight cancellations, leading to worries over a gold-bar shortage in New York just before April futures contracts became deliverable.In the end, banks including JPMorgan Chase & Co. made more gold available and exchange inventories swelled to levels that were more than enough to cover any demands for delivery.The resumption in price divergence shows, however, that investors may be still...
(Bloomberg) -- Gold prices that usually move in lockstep are diverging again, reviving fears of impending turmoil just a couple of weeks after the last bout of panic.An ounce of bullion sold in New York was as much as $50 more expensive than in London Tuesday, compared with just a few dollars in normal times. The price spread is seen as a measure of the cost to swap futures contracts into gold in its physical form.A similar discrepancy occurred about two weeks ago, as the coronavirus crisis disrupted supply chains and caused flight cancellations, leading to worries over a gold-bar shortage in New York just before April futures contracts became deliverable.In the end, banks including JPMorgan Chase & Co. made more gold available and exchange inventories swelled to levels that were more than enough to cover any demands for delivery.The resumption in price divergence shows, however, that investors may be still...
