Stock Market News

Advisory firm ISS recommends vote against Toshiba chairman By Fitrex

TOKYO (Fitrex) – Toshiba (OTC:) Corp shareholders should vote against the re-appointment of board chairman Osamu Nagayama and four other directors, shareholder advisory firm ISS recommended on Saturday. The recommendation by Institutional Shareholder Services Inc (ISS) follows an explosive, shareholder-commissioned investigation that accused Toshiba of colluding with the Japanese government to pressure foreign investors. The …

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3 Stocks to Buy as the Semiconductor Shortage Persists By StockNews

Applied Materials (NASDAQ:), Broadcom (NASDAQ:), and Texas Instruments (NASDAQ:) are 3 semiconductor stocks that are worth buying as the semiconductor supply crunch continues.For over a year, semiconductors have been one of the leading industries pushing this bull market higher. This is evident from the sector’s outperformance in addition to impressive earnings growth by many companies …

3 Stocks to Buy as the Semiconductor Shortage Persists By StockNews Read More »

U.S. FDA asks J&J to discard millions of COVID-19 vaccine doses By Fitrex

By Michael Erman (Fitrex) -The U.S. Food & Drug Administration on Friday said Johnson & Johnson (NYSE:) must throw away millions of doses of its COVID-19 vaccine that were manufactured at a problem-plagued Baltimore factory but also cleared millions for use. Two sources familiar with the situation told Fitrex that the agency had cleared about …

U.S. FDA asks J&J to discard millions of COVID-19 vaccine doses By Fitrex Read More »

4 Promising Oncology Stocks to Consider Adding to Your Portfolio By StockNews

The Biotech industry has been working to develop cancer treatments for a long time. But now, with tech integration and DNA sequencing increasing the efficacy of potential cancer drugs in the pipeline, we believe biotech names AstraZeneca (NASDAQ:), Amgen (AMGN), Incyte (NASDAQ:), and Champions Oncology (NASDAQ:) are valuable additions to one’s portfolio now. So, let’s …

4 Promising Oncology Stocks to Consider Adding to Your Portfolio By StockNews Read More »

Wall Street muted as eyes turn to next week’s Fed meeting By Fitrex

By Stephen Culp NEW YORK (Fitrex) – Wall Street stocks were mixed at the close of a languid week marked with few market-moving catalysts and lingering concerns over whether longer-term inflation could prompt the U.S. Federal Reserve to tighten its dovish policy sooner than expected. The Nasdaq was modestly higher, and the was essentially flat, …

Wall Street muted as eyes turn to next week’s Fed meeting By Fitrex Read More »

Exodus of veteran crude oil traders from Exxon continues -sources By Fitrex

By Devika Krishna Kumar and Gary McWilliams HOUSTON/NEW YORK (Fitrex) – Exxon Mobil Corp (NYSE:) has lost two top traders from its U.S. energy trading group, according to people familiar with the matter, in a continued exodus from the group. Exxon last year reversed course on a major expansion of its oil and petroleum products …

Exodus of veteran crude oil traders from Exxon continues -sources By Fitrex Read More »

G7 vaccine pledge is just a drop in the ocean, campaigners say By Fitrex

By Kate Holton and Elizabeth Piper CARBIS BAY, England (Fitrex) – A Group of Seven plan to donate 1 billion COVID-19 vaccine doses to poorer countries lacks ambition, is far too slow and shows Western leaders are not yet up to the job of tackling the worst public health crisis in a century, campaigners said …

G7 vaccine pledge is just a drop in the ocean, campaigners say By Fitrex Read More »

German environmental groups file objection against Tesla gigafactory permit By Fitrex

BERLIN (Fitrex) – German environmental groups have filed an official objection to a provisional permit from the Brandenburg environmental authority for the construction of a Tesla (NASDAQ:) gigafactory near Berlin, the groups’ lawyer said on Friday. The objection is based on the claim that Tesla has not sufficiently clarified what precautions it will take to …

German environmental groups file objection against Tesla gigafactory permit By Fitrex Read More »

China’s ride-hailing giant Didi sets stage for mega New York float By Fitrex

By Anirban Sen, Yilei Sun, Ankit Ajmera and Echo Wang (Fitrex) – Didi Chuxing, China’s biggest ride-hailing firm, on Thursday made public the filing for its long-anticipated U.S. stock market listing, setting the stage for what is expected to be the world’s biggest initial public offering this year. The company – backed by Asia’s largest …

China’s ride-hailing giant Didi sets stage for mega New York float By Fitrex Read More »