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Industries, Others

Why healthcare stocks may be poised for a breakout year post-election

September 24, 2020

Via: Fortune

Ever since 2019, the healthcare sector has been white-knuckling and preparing itself for what may be a volatile and uncertain election year for stocks. But according to UBS, 2020 is shaping up to look a whole lot like 2009 for […]


Industries, Others

Verizon is buying TracFone Wireless for $6.25 billion

September 14, 2020

Via: Fortune

Verizon Communications Inc. has agreed to buy TracFone Wireless Inc. from America Movil SAB for $6.25 billion, as the largest U.S. wireless carrier seeks to expand its mobile business into the so-called prepaid market. Verizon will pay $3.125 billion in […]


Industries, Others

Virgin Airlines announces more job cuts after securing a $1.6 billion rescue deal

September 4, 2020

Via: Market Watch

U.K.-based Virgin Airlines on Friday announced it will let another 1,150 jobs go, after completing a £1.2 billion pound ($1.58 billion) rescue deal to help keep it afloat during the pandemic that has devastated the industry. Those job cuts will […]


Industries, Others

Zoom made as much money in three months as it did in all of 2019; stock shoots 22% higher

September 1, 2020

Via: Market Watch

Zoom Video Communications Inc. made as much money in May, June and July as it did in all of 2019, beating even the outsize expectations of Wall Street and sending its stock — already trading at record highs — more […]


Industries, Others

Oxford’s COVID vaccine deal with AstraZeneca raises concerns about access and pricing

August 24, 2020

Via: Fortune

In a business driven by profit, vaccines have a problem. They’re not very profitable—at least not without government subsidies. Pharma companies favor expensive medicines that must be taken repeatedly and generate revenue for years or decades. Vaccines are often given […]


Industries, Others

Zoom Video’s stock sinks below 50-day moving average after Salesforce unloads stake

August 12, 2020

Via: Market Watch

Shares of Zoom Video Communications Inc. sank for a fourth-straight day Tuesday, falling below some key chart levels in the process, after Salesforce.com Inc. disclosed that it recently sold off its entire stake in the video-conferencing company. Zoom’s stock ZM, […]


Industries, Others

Forget Netflix. Gaming companies are winning the pandemic

August 12, 2020

Via: Fortune

It’s a good time to be a gamer—and an even better time to be a gaming company. With so many people homebound and seeking indoor entertainment now, video-game makers are profiting wildly. Take Nintendo. The latest installment of the Japanese […]


Industries, Others

Apple and Samsung have topped the smartphone market for 9 years. Now there’s a new leader

July 30, 2020

Via: Fortune

China’s Huawei Technologies toppled Samsung in the second quarter to become the world’s largest smartphone company based on shipments, according to a report from Canalys, a market research firm. Huawei had already surpassed Samsung in monthly sales in April and […]


Industries, Others

‘Second wave’ virus fears strike blow to tourism industry

July 28, 2020

Via: ABC News

LONDON — Concerns over a “second wave” of coronavirus infections brought on by returning vacationers are wreaking havoc across Europe’s tourism industry, particularly in Spain, following Britain’s effective ban on travel to the country. In a move that reflects the […]


Industries, Others

AT&T’s 5G prices come down as carriers get more competitive

July 23, 2020

Via: Fortune

The spread of super-fast 5G wireless service is prompting carriers to get more competitive, at least for family plans. On Thursday, AT&T, which had been limiting 5G to its highest-priced plans, added 5G access to its cheapest unlimited plan, which […]