Trian Fund Management has taken a stake in Comcast in a bet that the cable giant’s shares are undervalued. Comcast is one of the biggest companies ever targeted by an activist.
Apple will hold its first virtual-only product reveal at 1 p.m. New York time from its headquarters. The company is expected to focus on the new Watch Series 6 and iPad Air while the newest iPhone is expected to be revealed next month.
Trial vaccine elicits ‘robust’ immune-system response in larger group of people, Moderna said.
Both revenue and quarterly profit were lower than expected, and the maker of athletic apparel chose not to disclose comparable-store sales.
Investors have largely turned bullish on megacap tech names, even in the face of terrible economic and jobless data and a looming recession.
The Boeing 737 MAX was grounded on March 13, 2019, after two deadly crashes within a five-month span. A lot has changed for Boeing stock since then.
Britain’s largest domestic airline Flybe collapsed into administration on Thursday, as the coronavirus outbreak tipped the struggling carrier over the edge.