Tesla jumps 14% on S&P 500 inclusion speculation — Now the 10th biggest U.S. stock by market value
Tesla's valuation has ballooned this year as shares continue their record climb.Source: Business News | 14 Jul 2020 | 3:02 am(NZT)
WHO says U.S. and Brazil accounted for half of new daily coronavirus cases: 'Too many countries are headed in the wrong direction'
The United States and Brazil accounted for half of the new daily coronavirus cases as countries across the globe struggle to contain their outbreaks, the World Health Organization said.Source: Business News | 14 Jul 2020 | 3:02 am(NZT)
EV start-up Fisker to go public through merger with Apollo-backed firm at combined value of $2.9 billion
The proposed deal is anticipated to provide Fisker the necessary funding to bring its first product, the Fisker Ocean, to production in late 2022.Source: Business News | 14 Jul 2020 | 2:53 am(NZT)
Pandemic deals mightier blow to retail than Great Recession: First-quarter operating income down 58%
The retail sector's first-quarter operating income fell 57.7% compared to last year, marking the worst quarter on record.Source: Business News | 14 Jul 2020 | 2:53 am(NZT)
U.S. students get sicker from the coronavirus than kids in other countries, are at 'higher risk,' Dr. Scott Gottlieb says
"We have more co-morbid illness among young people in this country, more asthma, more obesity, more diabetes, so there is going to be higher risk with our school age population," former FDA chief Dr. Scott Gottlieb said.Source: Business News | 14 Jul 2020 | 2:47 am(NZT)
Sen. Marco Rubio says the costs of not reopening schools in Florida are 'extraordinary' despite surge in coronavirus cases
In the counties being hardest hit by the surge in cases, Rubio said he believed extra precautions should be taken – but he did not suggest that those areas should wait longer to reopen their schools.Source: Business News | 14 Jul 2020 | 2:39 am(NZT)
PepsiCo revenue falls 3% as pandemic hits beverage sales but boosts snacks business
PepsiCo reported that quarterly revenue fell after fewer consumers bought its drinks at restaurants and convenience stores during the coronavirus pandemic.Source: Business News | 14 Jul 2020 | 2:12 am(NZT)
Washington's NFL team officially retires name and logo after sponsor backlash
Washington's NFL team announced it will no longer be called the team's name it previoulsy held since 1932.Source: Business News | 14 Jul 2020 | 2:04 am(NZT)
New York & Co. owner RTW Retailwinds files for bankruptcy, to close hundreds of stores
New York & Co. parent company RTW Retailwinds announced Monday it had filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores.Source: Business News | 14 Jul 2020 | 2:03 am(NZT)
Watch live: The World Health Organization holds a press briefing on the coronavirus pandemic
WHO is holding a briefing on the Covid-19 pandemic.Source: Business News | 14 Jul 2020 | 2:03 am(NZT)
5 things to know before the stock market opens Monday
Dow futures rally even as U.S. coronavirus cases continue to spike. PepsiCo kicks off the earnings season.Source: Business News | 14 Jul 2020 | 1:56 am(NZT)
Pfizer, BioNTech's coronavirus vaccines get FDA's 'fast track' status
Two experimental coronavirus vaccines by German biotech firm BioNTech and U.S. pharmaceutical giant Pfizer have received the U.S. Food and Drug Administration's 'fast track' designation, the companies said on Monday.Source: Business News | 14 Jul 2020 | 1:00 am(NZT)
Chipotle will test cauliflower rice as consumers cut grains out of their diets
Chipotle Mexican Grill will test cauliflower rice as more consumers cut grains out of their diet.Source: Business News | 14 Jul 2020 | 12:37 am(NZT)
China is stepping into global leadership vacuum as U.S. struggles with coronavirus, says Kevin Rudd
The global leadership vacuum during the coronavirus crisis is an "open door" for China to walk into, said Kevin Rudd, president of the Asia Society Policy Institute.Source: Business News | 14 Jul 2020 | 12:04 am(NZT)
Carnival stock could rally more, but don't bet on a long-term surge, trader says
Investors are jumping back on board Carnival. Mark Newton of Newton Advisors breaks down the charts.Source: Business News | 13 Jul 2020 | 11:12 pm(NZT)
Germany's sex workers demand to go back to work as coronavirus ban continues
Sex workers in Germany are demanding the right to get back to work as the country's brothels remain closed.Source: Business News | 13 Jul 2020 | 9:10 pm(NZT)
South Africa reintroduces alcohol ban as coronavirus cases surge
South Africa has reintroduced a ban on alcohol sales and imposed a nighttime curfew as it looks to curtail a rapid surge in new coronavirus cases.Source: Business News | 13 Jul 2020 | 8:56 pm(NZT)
The U.S. warns citizens of 'arbitrary detention' in China
The U.S. has asked its citizens to "exercise increased caution" in China due to a "heightened risk of arbitrary detention" — a claim slammed by Chinese state-backed media Global Times as a "blatant distortion of truth."Source: Business News | 13 Jul 2020 | 6:38 pm(NZT)
Property developers rush to attract Hong Kong residents amid uncertainty over new law
Amid economic recession and uncertainty over China's National Security Law, global real estate firms are trying to get Hong Kong residents to buy abroad.Source: Business News | 13 Jul 2020 | 6:19 pm(NZT)
White House seeks to discredit Fauci amid coronavirus surge
As coronavirus surges nationwide, the White House aims to discredit health advisor Dr. Anthony Fauci. The infectious disease expert said, in January, the coronavirus was "not a major threat" and "not driven by asymptomatic carriers."Source: Business News | 13 Jul 2020 | 8:17 am(NZT)