SoftBank funds tech giants. But they're not all successes

New York (CNN Business)Lemonade was just what investors wanted right before the long July 4th weekend. Shares of the online insurer, backed by SoftBank, surged in their market debut. Lemonade priced its initial public offering at $29 a share and wound up soaring nearly 140% to finish Thursday above $69. […]

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Coronavirus pushes Amazon Prime Day to October: Report

Amazon faces liability lawsuit over coronavirus Amazon is being sued over warehouse conditions related to the coronavirus pandemic. FOX Business’ Susan Li with more. Amazon has pushed back Prime Day to the "first half of October” amid a surge of coronavirus cases across America, according to emails obtained by Business […]

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BioNTech and Pfizer's coronavirus vaccine shows potential in human trial

Promising anti-viral drug remdesivir cleared for use in coronavirus fight Insight from Fox News medical contributor Dr. Marc Siegel. FRANKFURT (Reuters) – A COVID-19 vaccine developed by German biotech firm BioNTech and U.S. pharmaceutical giant Pfizer has shown potential and was found to be well tolerated in early-stage human trials, the companies said on Wednesday. […]

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El-Erian: Stocks are unlikely to revisit March lows

New York (CNN Business)It has been a rough quarter for the US economy, with the country plunging into a pandemic-fueled recession. Yet the stock market is alive and kicking — in fact, it’s having its best quarter in more than 20 years. The Dow (INDU) recorded its best quarter since […]

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Nikola fuel cell byproduct will be water you can drink: CEO

Nikola unveiling Badger truck in about 4 months Nikola founder and executive chairman Trevor Milton on rolling out Nikola zero-emissions auto products before releasing to the public. The fuel cell byproduct of the Nikola Badger truck will create ice water that is clean enough to drink, Trevor Milton, founder and CEO […]

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Stocks inch up, buoying quarter's rally from coronavirus lows

Economic rebound has been nothing short of ‘spectacular’: Investment strategist Janney Montgomery Scott Chief Investment Strategist Mark Luschini discusses market reaction to the coronavirus pandemic. The major U.S. stock indexes inched up Tuesday morning, the last day of a quarter marked by rallies from coronavirus lows. Continue Reading Below The […]

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Trump vs. Biden: Stock market will pick the winner

Economic rebound has been nothing short of ‘spectacular’: Investment strategist Janney Montgomery Scott Chief Investment Strategist Mark Luschini discusses market reaction to the coronavirus pandemic. The stock market has a nearly perfect track record of predicting the winner in U.S. presidential elections. Continue Reading Below The S&P 500 has indicated the winner […]

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Argentine Economy Plunges More Than Expected After Lockdown

Argentina’s economy plunged in April as commerce ground to a halt during the nation’s first full month of a strict Covid-19 quarantine. Economic activity fell 17.5% from the prior month in South America’s second-largest economy, and 26.4% from a year ago, the government reported Monday. That was worse than the […]

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