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Crypto holders in China are protected by the law in case of theft, misappropriation or breach of a loan agreement despite the ban on crypto. 987 Total views 45 Total shares Despite enforcing a major cryptocurrency ban one year ago, the Chinese government still protects local crypto investors as crypto is recognized as virtual property […]
The selloff in FedEx Corp.’s stock FDX, -0.07% is enough, by itself, to push the Dow Jones Transportation Average DJT, -1.06% down well more than the broader stock market. The package delivery company’s stock plunged 20.0% in premarket trading following a ‘staggering’ profit and revenue warning, which puts it on track to suffer a record […]
Space exploration company Intuitive Machines announced Friday that it will go public through a merger with special purpose acquisition company (SPAC) Inflection Point Acquisition Corp. IPAX, -0.31% in a deal that values the combined company at about $815 million. When the deal closes, which is expected to occur in the first quarter of 2023, the […]
Shares of United Parcel Service Inc. UPS, -3.12% dropped 6.7% in premarket trading toward a three month low, weighed down by rival package deliver FedEx Corp.’s FDX, -0.07% profit and revenue warning, but Citi analyst Christian Wetherbee said UPS appears to be managing the tough macro environment better than its rival. FedEx’s stock plunged 19.6% […]
Gilead Sciences Inc. GILD, -0.28% said Friday the European regulator has adopted a positive opinion on extending the use of its COVID treatment Veklury for pediatric patients. The European Commission will review the recommendation, and if adopted, Veklury, also called remdesivir, could become the only authorized treatment for adolescents at high risk of developing severe […]
BJ’s Wholesale Club BJ, -0.93% said Friday it will accept SNAP EBT cards at all of its clubs and outlets across the U.S. SNAP, or Supplemental Nutrition Assistance Program, is the government’s food stamp program, while EBT stands for Electronic Benefits Transfer. The payments can also be used at BJs.com and for shopping options such […]