by Troy S. Mason | Jun 18, 2020 | Business News
Hertz halted its plan to sell $500 million in common stock Wednesday pending a review from the Securities and Exchange Commission after the rental car company said the shares “could ultimately be worthless.” The company’s stock stopped trading late in the morning after SEC Chairman Jay Clayton voiced his concerns. “In this particular situation, we […]
by Troy S. Mason | May 2, 2020 | Business News
Shares of Tesla dropped as much as 12 percent Friday before closing down 10.3 percent after CEO Elon Musk tweeted that the company’s shares are priced “too high.” The company just days before reported a strong quarter, sending shares higher. Tesla stock was trading at...
by Troy S. Mason | Apr 24, 2020 | Business News
Stock trading was briefly halted Thursday for California-based Gilead Sciences, after a draft report said the company’s experimental coronavirus treatment disappointed in a recent drug trial. Shares continued to slump, even after the biotech company moved...
by Troy S. Mason | Apr 18, 2020 | Business News
Stocks surged after a report said a Gilead Sciences drug showed some effectiveness in treating the coronavirus, giving investors some hope there could be a treatment solution that helps the country reopen faster from the widespread shutdowns that have plunged the...
by Troy S. Mason | Mar 26, 2020 | Business News
Wall Street attempted a rally Thursday morning, despite record-breaking unemployment claims that revealed the extent to which the economy has ground to halt due to the coronavirus pandemic. The Dow Jones Industrial Average was up by around 330 points at the opening...
