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Bet on bank stocks now before a virus vaccine and easier lending lifts the sector in 2021, Jefferies says

8 days ago   |   By Business Insider

People walk past a Citibank branch of Citigroup in New York. Profit plummeted at the bank because of COVID-19 pandemic.
Ron Adar/SOPA Images/LightRocket/Getty Images
Jefferies raised its rating on financial stocks to "bullish" from "modestly bullish" on Wednesday, citing loosened lending conditions and new hopes for a near-term vaccine. Bank stocks are among the most sensitive to macroeconomic trends, and the latest COVID-19 surge "is likely to lead to some weaker economic data and potentially higher impairment charges," the team led by Sean Darby said in a note. Yet the firm's October...
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US stocks decline as COVID-19 shutdown concerns persist

8 days ago   |   By Business Insider

Paul Hennessy/NurPhoto via Getty Images
US stocks fell on Thursday as concerns about another round of COVID-19-related lockdowns was heightened after the New Yor City school system transitioned to remote learning. A rise in daily COVID-19 cases led to an infection rate of more than 3% in New York City, which spurred Mayor Bill DeBlasio to shut down physical learning at schools on Wednesday. On the economic data front, 742,000 more Americans filed for unemployment last week, more than experts had forecast. Watch major indexes update live here. US stocks declined on Thursday as investor...
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AstraZeneca gains after its COVID-19 vaccine produced immune response in elderly, Oxford study shows

8 days ago   |   By Business Insider

Steve Parsons-WPA Pool/Getty Images
AstraZeneca's COVID-19 vaccine demonstrated a strong immune response in elderly patients, according to a study from the University of Oxford. Data from the Phase II vaccine trial was published in the Lancet medical journal on Thursday. "This is a very important step, because the big worry with any vaccine is that it doesn't work so well in older people," the Lancet's editor in chief told Bloomberg. Visit Business Insider's homepage for more stories. Another batch of encouraging data on the COVID-19 vaccine front was released on Thursday, this time from...
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Oxford's COVID-19 vaccine is safe and produces an immune response in older adults, encouraging early trial results suggest

8 days ago   |   By Business Insider

Kate Bingham, Chair of the Government's Vaccine Taskforce, after starting her Novavax trial at the Royal Free Hospital, north London on October 13, 2020.
Kirsty O'Connor/PA Images via Getty Images
Early trial results published in The Lancet suggest The University of Oxford and AstraZeneca's COVID-19 vaccine produces an immune response and is safe in older adults.
This is important because older adults are more likely to develop severe cases of the virus, and some vaccines aren't as effective on them.
Older people who took part in the Oxford COVID-19 vaccine trial were less likely to have...
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Global stocks sag, as spread of COVID-19 across the US and Europe douses vaccine optimism

8 days ago   |   By Business Insider

Joanne Millar, store manger of Joules in Belfast, places a sign in the shop window about compulsory face masks.
Liam McBurney/PA Images via Getty Images
Global shares have tumbled, as the spread of COVID-19 threatens economic recovery and offsets optimism over the rollout of a vaccine.
Oil futures dropped after data shows a steep decline in US energy use in the latest week, as lockdowns and restrictions on movement came into force.
Government bond yields marched lower, reflecting some of the rising anxiety among investors, along with a spike in a measure of European market...
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The Ultimate Gift Guide For Racing Gamers And Tech-Loving Car Folks

The Ultimate Gift Guide For Racing Gamers And Tech-Loving Car Folks

This holiday season, a number of irresponsible carmakers will goad you into giving entire automobiles to friends and family, festooned with oversized bows on their roofs. But... Read more ...

Vaccine experts report that the rapid progress on COVID-19 trials is a...

Vaccine experts report that the rapid progress on COVID-19 trials is a result of unprecedented global cooperation and focus

John Cairns On November 19 Oxford University announced that its own COVID-19 vaccine, developed in collaboration with AstraZeneca, produced a safe immune response in older... Read more ...

Two killed in small plane crash near Telluride Regional Airport

Two killed in small plane crash near Telluride Regional Airport

Two people have been declared dead after a small plane crash on Thursday afternoon near Telluride Regional Airport. According to the Federal Aviation Administration, the... Read more ...

Wednesday Winners

Wednesday Winners

A weekly roundup of good deeds, missteps, heroic feats and epic failures in the tri-state region and beyond. Winners New York Assembly Member Jeffrey Dinowitz - In a letter to... Read more ...

Delta to launch quarantine-free testing trial in Italy

Delta to launch quarantine-free testing trial in Italy

Delta Air Lines, the Aeroporti di Roma and Hartsfield-Jackson Atlanta International Airport recently joined hands for a transatlantic COVID-19 testing program with the hope the... Read more ...

Wizz Air introduces discounted COVID-19 tests and travel certificates from today

Wizz Air introduces discounted COVID-19 tests and travel certificates from today

Wizz Air will start offering British passengers Covid tests and Covid-free travel certificates from November 27. The Hungarian airline's “Fit to Fly” package, which includes a... Read more ...

Minneapolis Gov announces million-dollar grant to revive tourism

Minneapolis Gov announces million-dollar grant to revive tourism

In response to the severe impact of the COVID-19 pandemic on tourism in the state, Gov. Tim Walz announced Wednesday that over $1 million in grants would be made available for... Read more ...

Delta to launch first quarantine-free, COVID-free travel to Europe through...

Delta to launch first quarantine-free, COVID-free travel to Europe through new testing protocols

Delta Air Lines, the Aeroporti di Roma and Hartsfield-Jackson Atlanta International Airport have joined in a first-of-its-kind trans-Atlantic COVID-19 testing program that will... Read more ...

FITUR 2021 will be a strategic edition for travel and tourism industry recovery

FITUR 2021 will be a strategic edition for travel and tourism industry recovery

IFEMA is working on a very special edition of the International Tourism Fair, FITUR 2021, with the challenge to set a turning point and contribute to the recovery of the... Read more ...

Compulsory Covid-negative certificates may impact Goa tourism

Compulsory Covid-negative certificates may impact Goa tourism

Tourism stakeholders in Goa said the Maharashtra government decision to mandate Covid-negative certificates from those entering from Goa could have anegative impact on the... Read more ...