Tag Archives: Rise

(Bloomberg) — Digital games company Roblox Corp., transformed into a cultural icon during the coronavirus pandemic, made its public debut Wednesday with its shares rising 7.8% from its opening price. Roblox is one of the few companies that have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock. The company’s shares, which opened trading at $64.50 apiece, closed at $69.50 in New York,… Source link

Bloomberg Biden to Double J&J Order; N.J. Eases More Limits: Virus Update (Bloomberg) — President Joe Biden will double the U.S. order of Johnson & Johnson’s vaccine, bringing the country’s supply to enough for 500 million people, according to officials familiar with the plan.The U.K. accused European Union politicians of damaging its vaccination program by making misleading statements that cast doubt on AstraZeneca Plc’s shot, in an escalation of tensions between the two sides.The… Source link

Stocks turned negative after the Labor Department’s February jobs report handily exceeded expectations, reaffirming the building momentum in the economic recovery, but also stoking a rise in Treasury yields and concerns over an economic overheating. The S&P 500 dipped, and the Dow gained fell into negative territory after rising earlier in the session. The Nasdaq erased earlier gains and fell another 1.5%, pacing toward a fourth straight session of steep declines. The index has erased its… Source link

TipRanks Billionaire Steven Cohen Picks Up These 3 “Strong Buy” Stocks Last week, the NASDAQ slipped below 13,200, making the net loss from its all-time peak, reached earlier this month, 6.4%. If this trend keeps up, the index will slip into correction territory, a loss of 10% from its peak. So what exactly is going on? At bottom, it’s mixed signals. The COVID-19 pandemic is starting to fade and the economy is starting to reopen – strong positives that should boost markets. But an… Source link

Yandex N.V. (YNDX Quick QuoteYNDX – Free Report) reported fourth-quarter 2020 adjusted earnings of 23 cents per share, whereas the Zacks Consensus Estimate was pegged at a loss of 4 cents per share. However, the figure declined 14.8% sequentially and8% year over year. Revenues of $969.2 million (RUB 71.6 billion) lagged the Zacks Consensus Estimate of $1.02billion. In ruble terms, the figure rose 39% on a year-over-year basisand 22.8% from the previous quarter. The… Source link

Stocks rose Tuesday, extending last week’s gains as traders returned from a long holiday weekend in the U.S. The Dow, S&P 500 and Nasdaq came off session highs after reaching record levels shortly after market open. U.S. stocks tracked gains in European equities, after UK Prime Minister Boris Johnson said he was “hopeful” the country’s stringent lockdown restrictions could be eased in the coming weeks as the vaccine rollout continues and new daily infections fall further. Other risk assets… Source link

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

By Alexander Marrow, Nadezhda Tsydenova MOSCOW (Reuters) – Russia’s Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said. FILE PHOTO: The company logo is seen on the headquarters building of Yandex company, in Moscow June 14, 2012. REUTERS/Maxim Shemetov Yandex’s core advertising business took a hit during the… Source link

By Alexander Marrow, Nadezhda Tsydenova MOSCOW (Reuters) – Russia’s Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said. FILE PHOTO: The company logo is seen on the headquarters building of Yandex company, in Moscow June 14, 2012. REUTERS/Maxim Shemetov Yandex’s core advertising business took a hit during the… Source link

By Alexander Marrow, Nadezhda Tsydenova MOSCOW (Reuters) – Russia’s Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said. FILE PHOTO: The company logo is seen on the headquarters building of Yandex company, in Moscow June 14, 2012. REUTERS/Maxim Shemetov Yandex’s core advertising business took a hit during the… Source link