ZoomInfo aiming to price IPO $1 above revised price range

Jun 3, 2020

ZoomInfo is aiming to price its initial public offering $1 ahead of its already-buoyed price range, two sources familiar with the matter told CNBC.The company had already raised its IPO price range Tuesday morning, but now could target as high as $21 a share and rake in nearly $1 billion. ZoomInfo, which will trade under… […]

AMC Theaters warns of ‘substantial doubt’ about future

Jun 3, 2020

AMC Theaters is warning investors about its incredibly uncertain future as financial fallout from the pandemic continues, blatantly stating that “substantial doubt exists about our ability to continue as a going concern for a reasonable period of time.” A new 8-K filing arrived ahead of AMC Theaters’ upcoming earnings call next week, and it wasted… […]

U.S. to temporarily allow certain impurities, like benzene, in hand sanitizer

Jun 2, 2020

FILE PHOTO: A store worker offers hand sanitizer to shoppers, during the coronavirus disease (COVID-19) outbreak, as they wait in line on the sidewalk outside a grocery store in Washington, U.S., April 14, 2020. REUTERS/Jonathan ErnstNEW YORK (Reuters) – The Trump administration said this week it will temporarily allow some impurities in alcohol-based hand sanitizer… […]

Target announces indefinite closure of 2 Minneapolis stores

Jun 2, 2020

Adam UrenTarget has announced that two of its Minneapolis stores will be closed indefinitely as they recover from the damage inflicted during last week’s civil unrest.Target has announced seven stores across the country will be closed until further notice following property damage and looting, including the Lake Street and Uptown stores in Minneapolis.The Lake Street… […]

In Minneapolis, a vibrant neighborhood now looted, burned and heartbroken

Jun 1, 2020

A restaurant owner watched as Minnesota protestors set fire to his business in the Longfellow neighborhood of Minneapolis last week — and insisted the scene didn’t bother him one bit. Instead, Ruhel Islam saw flames consume his establishment and said via social media “let my building burn, justice needs to be served, put those officers in… […]

Why Pfizer’s Shares Are Slipping 7.6% Today

Jun 1, 2020

The biopharma giant reported disappointing late-stage trial results for one of its best-selling medicines. What happened Shares are tumbling after Pfizer (NYSE:PFE) reported that its breast cancer drug, Ibrance, came up shy in a phase 3 trial evaluating its use alongside adjuvant endocrine therapy in early breast cancer patients. The stock is down 7.6% as of… […]

Three Reasons Oil Prices Are Bouncing Back

Jun 1, 2020

Oil prices have come a long way since the deep dive into negative territory a month ago. One could argue that the price of West Texas Intermediate (WTI) is now $70/bbl higher than it was a month ago, when it settled at -$37.63 on April 20. Although the negative price seen near the expiration of… […]

Global stocks scale three-month peak, dollar sags on reopening joy

Jun 1, 2020

NEW YORK (Reuters) – World stock markets hovered near three-month highs and safe-haven government bonds inched lower as risk appetite grew on signs that the global economic downturn has bottomed, despite worries over violent protests in the United States and unease over Washington’s standoff with Beijing. U.S. President Donald Trump left a trade deal with… […]

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