STOCK MARKET NEWS: Dow Futures Slide
STOCK MARKET NEWS
Dow Futures Slide As Powell's Recovery Warning.
Dollar Jumps After Negative Rates Dismissal. Wall Street down for a third straight consecutive session.
Billionaire investors debating the value of U.S. stocks amid an unprecedented economic downturn.
Thursday's jobless data could prove to be crucial for near-term sentiment.
Futures dip on fears of prolonged economic downturn.
Stock market news live upgrades: Stock futures slightly lower before jobless claims report.
Stock futures were mostly lower Thursday morning following a selloff during the regular session Wednesday delivered the Nasdaq back into negative territory for the year to date.
Stock futures look to U.S. weekly jobless claims for leadership
U.S. stock-index futures trade mixed as investors await data that's expected to show the rate of job losses caused by the COVID-19 pandemic have slowed but still probably additional millions to the unemployment rolls a week.
Shares of Applied DNA Sciences jump 66 percent on regulatory consent of its COVID-19 test
Shares of Applied DNA Sciences Inc. [: apdn] jumped 66.2% in premarket trading Thursday after the company declared emergency use authorization by the Food and Drug Administration for its COVID-19 test. The machine which runs Applied's evaluation can process 94 samples per hour and more than 2,000 tests per day, the company said. The FDA has issued emergency use authorizations to about 50 molecular tests which can detect COVID-19. Applied's stock is up 112.1% year-to-date, while the S&P 500is down
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STOCK MARKET NEWS: 14 MAY 2020
Tempur Sealy secures $200 million term loan to boost liquidity throughout coronavirus pandemic.
Tempur Sealy International Inc.said Thursday it has secured a $200 million term loan by a group of banks, as it works to bolster liquidity throughout the coronavirus pandemic. "We feel that our preceding liquidity position was adequate based on current and expected market conditions," said Tempur Sealy Chairman and CEO Scott Thompson. With 56.58 million shares outstanding after the IPO, the company might be valued at $1.02 billion in the event the IPO prices at $18.
Coach parent Tapestry considering reopening.
Tapestry Inc.said Thursday it'sconsidering to reopen stores as government start easing the COVID-19 lockdown. Over 300 Coach and Kate Spade stores are expected to reopen in Europe, Japan, Australia and Malaysia.
European stocks drop after Fed warns of slow coronavirus recovery
European stock markets fell on Thursday, as hopes for a fast recovery from coronavirus disappeared following the head of the US central bank warned of long-term harm to the planet's biggest economy.The declines come a day after Jay Powell, chair of the US Federal Reserve, warned that a US"retrieval may take some time to gather momentum", adding the country tripping an"extended period of low productivity growth and stagnant incomes".
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STOCK MARKET NEWS: 14 MAY 2020
Economists expect 2.5 million Americans to have applied for unemployment benefits in the Most Recent week.
Organigram to remember about 50 employees at Moncton, New Brunswick campus at Phase 1 of reopening.
Organigram Holdings Inc. is expected to recall approximately 50 workers at its Moncton, New Brunswick campusduring the first stage of reopening the cannabis business. "These workers will fill center jobs across various departments that have been deemed highest priority from the Organigram leadership group in this initial phase," the Canadian company said in a statement. "Subsequent stages of this plan will be dependent upon public health and safety guidelines.
Nvidia unveils Ampere GPU structure for AI increase, and the first goal is coronavirus.
Nvidia Corp. launched its newest line of processors Thursday, detailing artificial-intelligence capabilities around twenty times greater than previous products, and also the new offerings are already working to fight the COVID-19 pandemic.
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