Month: January 2021

EU pledges vaccine controls will not hit UK supplies
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EU pledges vaccine controls will not hit UK supplies

charlie
January 31, 2021
0
Ursula von der Leyen has promised Boris Johnson that future EU controls on vaccines will not disrupt contracted supplies of the Belgian-made BioNTech/Pfizer vaccine to Britain. The European Commission president made the commitment to the prime minister in a tense Friday night call, which followed the Commission’s controversial plan — hastily abandoned — to impose emergency border controls on vaccines entering Northern Ireland from the EU. Ms von der Leyen tweeted that the talks with Mr Johnson had been “constructive”, adding: “We agreed on the principle that there should not be restrictions on the export of vaccines by companies where... Read More
Point72 founder Steve Cohen leaves Twitter after family receives threats
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Point72 founder Steve Cohen leaves Twitter after family receives threats

charlie
January 31, 2021
0
Steven A. Cohen Scott Eells | Bloomberg | Getty Images Steve Cohen, the founder of hedge fund Point72 and owner of the New York Mets, has deactivated his Twitter account after his family received threats this week amid the GameStop trading frenzy. “I’ve really enjoyed the back and forth with Mets fans on Twitter which was unfortunately overtaken this week by misinformation unrelated to the Mets that led to our family getting personal threats,” Cohen said in a statement on Saturday. “So I’m going to take a break for now. We have other ways to listen to your suggestions and... Read More
Moderna cuts deliveries to Italy and France in new blow to EU vaccination plans
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Moderna cuts deliveries to Italy and France in new blow to EU vaccination plans

charlie
January 30, 2021
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Vaccine manufacturer Moderna has told Italy and France it will deliver fewer doses than expected in February, in another blow to struggling coronavirus vaccination plans in the EU. Domenico Arcuri, the Italian special commissioner in charge of Italy’spandemic response, said Moderna had told Rome that delivery volumes would be 20 per cent less than planned from early February. France’s ministry of health said it was now expecting 25 per cent fewer doses from the US biotech than had originally been scheduled next month. Moderna said it had provided “short-term revised delivery guidance” outside of the US because of a … Read More
American Airlines plans another $1 billion stock sale after big rally
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American Airlines plans another $1 billion stock sale after big rally

charlie
January 30, 2021
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American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, December 29, 2020. Marco Bello | Reuters American Airlines authorized the sale of another $1 billion in stock, the carrier said in a filing Friday, an effort to shore up cash as Covid-19 continues to depress travel demand. American authorized a $1 billion stock sale in October and sold $882.4 million at $12.87 a share. Under the new agreement, it would sell up to $1.12 billion. American’s decision comes on the heels of a sharp... Read More
Markets latest: Backlash against Robinhood grows after app limits trades in hot stocks
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Markets latest: Backlash against Robinhood grows after app limits trades in hot stocks

charlie
January 29, 2021
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Neil Hume and Henry Sanderson Shares in silver miners and exchange-traded funds backed by the precious metal ripped higher on Thursday as the Reddit army of day traders turned their attention to producers of the volatile precious metal. Fresnillo, the Mexico-focused miner that was hammered a day earlier following a disappointing trading update, rallied as much as 10 per cent to secure the top spot in the FTSE 100 performance chart. Meanwhile, shares in Hochschild Mining, which has operations in Peru and Argentina, climbed 7 per cent to become the biggest riser in the FTSE 250 index. Those in Canada-based... Read More
‘I’m not damning them’ but it will ‘end in tears’
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‘I’m not damning them’ but it will ‘end in tears’

charlie
January 29, 2021
0
Leon Cooperman told CNBC on Thursday he believes the Reddit-fueled trading frenzy involving GameStop shares will end poorly. However, the billionaire investor said he wasn’t faulting the people who kicked off the epic short squeeze, which sent the stock to dizzying heights in recent days. “I’m not damning them. I’m just saying from my experience, this will end in tears,” Cooperman said on “Fast Money: Halftime Report,” as shares of the beleaguered video game retailer tumbled about 25{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803}. Earlier in the session, GameStop’s stock touched an all-time high of $483 but came under pressure as numerous retail brokerages placed limits … Read More
Fed holds rates and asset purchases steady as recovery weakens
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Fed holds rates and asset purchases steady as recovery weakens

charlie
January 28, 2021
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The Federal Reserve held its main interest close to zero and its asset purchases steady as it sought to maintain a massive dose of support for the US economy as it suffers through a new slowdown. After a two-day meeting on Wednesday, its first since Joe Biden replaced Donald Trump in the White House, the Federal Open Market Committee reiterated that it would keep buying $120bn of debt until “substantial further progress” had been made in the recovery, a goal it outlined in December. The Fed described a weakening in the recovery as the US suffers through the latest wave... Read More
Germany presses Brussels for powers to block vaccine exports
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Germany presses Brussels for powers to block vaccine exports

charlie
January 27, 2021
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Germany is pressing the European Commission to give member states the power to block the export of coronavirus vaccines produced in the EU as tensions mounted over shortfalls in supply. Jens Spahn, Germany’s health minister, urged Brussels to force companies to obtain permission before shipping jabs from the bloc. His proposals came as Brussels worked on new rules for exports, due to be unveiled on Friday, with officials divided over how stringent the regime should be. Germany, which hosts a number of vaccine manufacturing sites, has become the most vocal proponent of tougher export restrictions. “It’s not about ‘EU first’.... Read More
Democrats introduce Raise the Wage Act
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Democrats introduce Raise the Wage Act

charlie
January 27, 2021
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Demonstrators participate in a protest outside of McDonald’s corporate headquarters on January 15, 2021 in Chicago, Illinois. The protest was part of a nationwide effort calling for minimum wage to be raised to $15-per-hour. Scott Olson | Getty Images Democrats reintroduced a bill Tuesday to raise the U.S. minimum wage to $15 per hour, seeking fresh support for the policy during an economic crisis and with control of Congress and the White House. The legislation would gradually hike the pay floor to $15 an hour nationwide by 2025, then tie future increases to median wage growth. The measure would also... Read More