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Alba Iulia
Sunday, November 29, 2020

Business

Asian stocks tumble due to unease with vaccine development

Asian stock markets tumbled as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism. Stock markets in Tokyo, Hong Kong, Seoul and Sydney retreated while Shanghai gained. Investors have been...

Disney set to lay off workers, mostly from theme parks

Entertainment giant, The Walt Disney Company will be laying off about 32,000 workers, mostly from its theme parks, as it continues to struggle with a lack of customers amid the COVID-19 pandemic. The cuts are expected...

GM in favor of stricter fuel standards pivoting from Trump to Biden

General Motors announced the company will immediately step away from Trump's administration efforts to scale back strict fuel economy standards in California and work with President-elect Joe Biden on plans that align more with environmental and climate change...

Wendy’s Moves To Buy Approximately 400 Of Its Restaurant from bankruptcy

Fast food giant, Wendy’s Co. is bidding to buy approximately 400 of its restaurants out of bankruptcy from NPC Quality Burgers, a bankrupt franchisee owned by NPC International Inc. According to reports, the...

Amazon opens online pharmacy causing pharmacy stocks to drop

Consumers will soon be able to receive their medications that same way they get their Amazon purchases. Retail giant, Amazon opened an online pharmacy that allows customers to order medication or prescription...

Stocks tumble after COVID-19 rally last week; Tesla accepted into S&P 500 index

There are rumblings in US stocks Tuesday as Wall Street took a breather after a rally a fueled by hopes for a coronavirus vaccine. Futures contracts tied to the Dow Jones industrial average were down...

PNC Bank set to buy Spanish bank BBVA’s US business for $11.6 billion

US-based bank, PNC has reached a deal to buy Spanish finance giant BBVA’s US business for $11.6 billion, the companies announced Monday. The all-cash acquisition will allow Pittsburgh-based PNC’s retail presence expand while pulling...

DoorDash Files IPO, Under Ticker DASH on NYSE

Delivery giant DoorDash Inc. is planning to sell its stock to the public, capitalizing on the growing trend of consumers embracing app-based deliveries with many at home during the pandemic. The company made its...

Greatly, impacted by pandemic, OPEC reports oil demand is down

On Wednesday, the Organization of Petroleum Exporting Countries or OPEC stated that it had to change and revise its global oil forecast for 2020, saying demand is off by almost 10 million barrels a day after...

Analysts predict Pfizer, BioNTech set to make billions in yearly sales with COVID-19 vaccine launch

In a note to clients Tuesday, SVB Leerink analyst Geoffrey Porges said the recent results from Pfizer's early COVID-19 vaccine data should “boost confidence of the general public in COVID vaccines, which should drive up the early adoption rate.” The analysts see Pfizer’s...
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Asian stocks tumble due to unease with vaccine development

Asian stock markets tumbled as questions about the effectiveness of one possible coronavirus vaccine weighed on investor...
- Advertisement -

Disney set to lay off workers, mostly from theme parks

Entertainment giant, The Walt Disney Company will be laying off about 32,000 workers, mostly from its theme parks, as it continues to...

Saks Fifth Avenue Unveils Holiday Window And Light Show Experience

Saks Fifth Avenue revealed its iconic holiday window display and ten-story-tall theatrical light show at its New York flagship with a reimagined, one-of-a-kind event...

New AI detects COVID-19 on chest x-rays with accuracy and speed

Northwestern University researchers have developed a new artificial intelligence (A.I.) platform that detects COVID-19 by analyzing X-ray images of the lungs.

Dow surges past 30,000 mark for the first time in history

The Dow Jones industrial average surged past the 30,000 mark for the first time in history on Tuesday as Wall Street reacted...