Economy

Gilead Sciences said that the U.S. Food and Drug Administration has approved the antiviral drug remdesivir for the COVID-19 treatment, sending its shares up about 6% in pre-market on Friday. Gilead Sciences Inc, an American biopharmaceutical company that researches, develops and commercializes drugs, said that…

The US dollar went back and forth during the trading session on Friday, as we are sitting around the ¥104.50 level. The US dollar has gone back and forth during the trading session on Friday, as the ¥104.50 level seems to be somewhat interesting for…

Gold is 0.4% lower this morning, as it is retracing some of yesterday’s advance. The gold futures contract gained 0.74% on Wednesday, as it got closer to early October local high. Today yellow metal’s price is is getting back slightly lower again. Recently gold was…

The early downside pressure is likely to continue throughout the session on Thursday unless policymakers report a breakthrough in the stimulus talks. Gold futures are trading lower on Thursday as some buyers abandoned hopes for a U.S. coronavirus aid package ahead of the November 3…

Given the 32.5 cents spread between the November and December futures contracts, the next two weeks of trading could be extremely volatile. Natural gas futures are trading flat-to-lower shortly after the opening on Thursday as traders await the latest weekly government storage report. The price…

Tesla reported a profit for the fifth consecutive time in the third quarter with record total revenue of $8.77 billion, largely driven by substantial growth in vehicle deliveries as well as growth in other businesses, sending its shares up over 5% in pre-market trading on…

One of the most striking things about Tesla Inc. shares is the fact that they have appreciated over 400% since the start of the year! Such mouth-watering gains have made it the best performer on the Nasdaq in 2020 and golden child of the automaker…

IMF’s economic outlook for 2020 is less grim, but the more distant future is more worrisome. Therefore, the precious metals index is expected to rise. IMF’s economic outlook for 2020 is less grim, but the more distant future is more worrisome. Therefore, the precious metals…

The November Xbox release should accelerate an already impressive growth curve. Dow component Microsoft Corp. (MSFT) reports fiscal Q1 2021 earnings on Oct. 27, with analysts expecting a profit of $1.36 per-share on $35.8 billion in revenue. The stock sold off more than 6% after…

S&P 500 futures are gaining ground in premarket trading as traders hope that a new coronavirus aid package will be negotiated before the election in November. Traders Hope For A New Round Of Stimulus Stimulus talks are back into spotlight as U.S. President Donald Trump…