E-commerce marketplace Wish filed its IPO prospectus Friday, and gave investors who may be concerned about an overreliance on China plenty of reasons to be skeptical. Wish, founded in 2010, is an online marketplace that features a variety of discounted goods, ranging from cheap homewares and apparel to electronics and toys. The app offers a
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Technology stocks could see yet another leg higher in 2020, according to WallachBeth Capital managing director Andrew McOrmond. McOrmond said what has already been a banner year for the tech trade could finish strong as the market weighs whether to price in another wave of Covid-19 restrictions or look ahead to a 2021 recovery. “We’re
A lab technicians shows the coronavirus disease (COVID-19) treatment drug “Remdesivir”. Amr Abdallah Dalsh | Reuters A World Health Organization panel advised doctors Thursday against using Gilead Sciences‘ antiviral drug remdesivir as a treatment for patients hospitalized with Covid-19, saying there is currently “no evidence” that it improves survival or shortens recovery time — standing
U.S. Treasury yields fell on Thursday as the country’s death toll from the coronavirus topped 250,000 and states sought to impose restrictions in order to curb the spread of the virus. The yield on the benchmark 10-year Treasury note slipped to 0.849% at 5:22 a.m. ET, while the yield on the 30-year Treasury bond fell
A worker stands inside Starbucks in midtown during the coronavirus pandemic on May 20, 2020 in New York City. Noam Galai | Getty Images Starbucks is raising hourly wages for its baristas as the restaurant industry braces for a higher minimum wage when President-elect Joe Biden takes office. Starting Dec. 14, baristas, shift supervisors and
Pfizer and BioNTech said Wednesday that a final data analysis found their coronavirus vaccine was 95% effective in preventing Covid-19 and, in addition, appeared to fend off severe disease. The vaccine, called BNT162b2, was highly effective against the virus 28 days after the first dose, and its effectiveness was consistent across all ages, races and
Jack Dorsey, Chief Executive Officer of Twitter, testifies remotely as Sen. John Kennedy, R-La., looks on during the Senate Judiciary Committee hearing on “Breaking the News: Censorship, Suppression, and the 2020 Election”, in Washington, U.S., November 17, 2020. Bill Clark | Reuters Mark Zuckerberg and Jack Dorsey wrapped up their second Senate testimony in a
With Amazon Pharmacy, Prime customers in the United States can get their prescription medications shipped to their home for free. Amazon Amazon is entering the pharmacy business with a new offering called Amazon Pharmacy, allowing customers in the United States to order prescription medications for home delivery, including free delivery for Amazon Prime members. Amazon
Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Michael Nagle | Bloomberg | Getty Images With the coronavirus pandemic hurting travel companies earlier this year, Airbnb got an
Ugur Sahin, CEO of BioNTech. Andreas Arnold | picture alliance | Getty Images LONDON — Daily life may return to normal by next winter, according to one of the creators of the highly-anticipated prospective coronavirus vaccine by Pfizer and BioNTech. Professor Ugur Sahin, co-founder and chief executive of BioNTech, also suggested the vaccine could halve
President-elect Joe Biden discusses protecting the Affordable Care Act (ACA) and his health care plans during a news conference in Wilmington, Delaware, November 10, 2020. Jonathan Ernst | Reuters President-elect Joe Biden’s coronavirus advisors will meet with the leading drug companies developing coronavirus vaccines this week, Ron Klain, Biden’s newly selected chief of staff, said
Ant’s in the hole. The suspension of Ant Group’s much-anticipated initial public offering — rumored to be the biggest of all time — came as a surprise to global investors earlier this month, but there’s more to the story than meets the eye, Brendan Ahern, chief investment officer of KraneShares, told CNBC”s “ETF Edge” on
Christopher Miller, director of the National Counterterrorism Center, testifies during a Senate Homeland Security and Governmental Affairs Committee hearing on “Threats to the Homeland” on Capitol Hill in Washington, September 24, 2020. Tom Williams via Reuters WASHINGTON — In his first message to U.S. military forces, acting Pentagon chief Chris Miller said he was “weary of war”
“Gator Girl” Christy Kroboth told CNBC that she thinks the massive alligator at a golf course in Naples, Florida was “real.” “I’ve seen huge gators, the biggest one I ever caught was 12.5 feet, and that’s enormous, they’re huge, they’re out there,” said Kroboth, who earns a living tracking and capturing alligators. Golf pro Tyler
Chicago Mayor Lori Lightfoot told CNBC on Friday that she understands people are growing weary of coronavirus restrictions, but she urged the city’s residents to comply with her stay-at-home advisory in order to prevent additional deaths from Covid-19. A day earlier, Lightfoot issued a 30-day advisory for the country’s third-largest city, which asks residents to
U.S. Treasury yields fell on Friday as confirmed cases of the coronavirus in the U.S. reached a record high on Thursday. The yield on the benchmark 10-year Treasury note sunk to 0.882% at 5:02 a.m. ET, while the yield on the 30-year Treasury bond fell to 1.635%. Yields move inversely to prices. Treasury yields tumbled
Facebook Chairman and CEO Mark Zuckerberg arrives to testify before the House Financial Services Committee on “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” in the Rayburn House Office Building in Washington, DC on October 23, 2019. Mandel Ngan | AFP | Getty Images Facebook CEO Mark Zuckerberg on
U.S. President Donald Trump arrives to address reporters about the 2020 U.S. presidential election results in the Brady Press Briefing Room at the White House in Washington, U.S., November 5, 2020. Carlos Barria | Reuters The conservative lawyer John Yoo is among the latest legal voices to throw water on U.S. President Donald Trump’s attempts