Pandemic

A lawsuit against Amazon Inc (NASDAQ: AMZN) that alleged lack of worker safety during the COVID-19 pandemic was dismissed by a New York judge on Monday, as reported by CNBC. The lawsuit could still be taken up with the Occupational Safety and Health Administration (OSHA), a regulatory...

The Past Week, In A Nutshell What Happened: Last week ended positive alongside progress in stimulus talks. Remember This: “Very rarely in the last 10 years have we seen earnings estimates moving higher after a quarterly reporting season,” said Art Hogan, chief market strategist at...

The United States Centers for Disease Control and Prevention late Wednesday extended its "No Sail" order till the end of October, prohibiting cruise ships with 250-plus passenger capacity to operate on U.S. waters. What Happened: The official CDC declaration followed an Axios ...

Medtronic plc (NYSE: MDT) is the subject of a probe from the United States Department of Justice over the acquisition of competing ventilator makers, the Wall Street Journal reported Wednesday. What Happened: The investigation stemmed from the shortage of ventilators during the COVID-19 pandemic,...

Amazon.com, Inc (NASDAQ: AMZN) called the police on two Democratic Congresswomen visiting its warehouse in Romulus, Michigan last week — after extending them an invitation to visit such a facility, the lawmakers said. What Happened: Representatives Rashida Tlaib (D-MI) and Debbie Dingell...

JPMorgan Chase & Co’s (NYSE: JPM) drive to bring its employees back to their workstations suffered a setback after an employee tested positive for COVID-19, the New York Post reported Tuesday. What Happened: Some workers of the Jamie Dimon-led bank had to be sent home after an employee in...

Facebook Inc (NASDAQ: FB) has purchased Recreational Equipment Inc.’s newly-completed 400,000 square foot campus in Bellevue, Washington for $390 million, the two companies announced Monday. What Happened: The Mark Zuckerberg-led company bought the campus located on six acres...

Amazon.com, Inc (NASDAQ: AMZN) said Monday it was hiring 100,000 additional part-and-full-time workers for its operations network in the United States and Canada. What Happened: The e-commerce behemoth would offer a starting wage of $15 per hour , Amazon said in a blog post. In select...

The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness from the technology sector. Remember This: “August benefited from multiple tailwinds, resulting in one of the best Augusts on record. Those tailwinds look stretched and at risk, however,” said Brad...

Zoom Video Communications Inc. (NASDAQ: ZM) CEO Eric Yuan added $6.6 billion to his net worth Tuesday, according to the Bloomberg Billionaires Index. What Happened: The sharp increase in Yuan's wealth came as the company’s shares skyrocketed 41% after it reported a...

Carnival Corporation (NYSE: CCL) shares extended losses in the regular and after-hours sessions Tuesday as the company-owned Princess Cruises announced the cancellation of its cruises through next year, citing health and government restrictions on border and port access. What Happened:...

Sulzer AG (OTC: SULZF) announced Monday it is purchasing Swiss-German drug delivery device company Haselmeier for $118 million. What Happened: Sulzer said the acquisition will boost its own healthcare portfolio, and Haselmeier’s expertise in precision injection molding can help it grow...

Airbnb Inc. plans to file for an initial public offering with the United States Securities and Exchange Commission in August, and go public before the end of this year, according to a Wall Street Journal report Tuesday. What Happened  The home-rental marketplace is roping in Morgan...

Novavax, Inc (NASDAQ: NVAX) disclosed Wednesday it had entered into an agreement with the Serum Institute of India Private Limited for development, distribution, and commercialization of its COVID-19 vaccine in several countries. What Happened SII will gain exclusive rights to Maryland-based...