17 April

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Simon Pops Because We Are So Going Back to the Mall By Investing.com

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By Christiana Sciaudone Investing.com -- Simon Property Group (NYSE:SPG) rose 3% after getting an upgrade as we're expected to go mad at the mall. Jefferies (NYSE:JEF) bumped shares to buy from hold and increased the price target to $130 from $112. "SPG's valuation can grow," said analyst Jonathan Petersen, according to StreetInsider, citing "retailer investments, pent-up consumer demand, and lower bad debt are positive catalysts, in addition to external growth opportunities."Malls, of course, have been ghost towns for much of the past 13 months, victims of the pandemic that has killed and sickened millions and kept...

17 April

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Moderna sees shortfall in Britain COVID vaccine shipments, EU deliveries on track By Reuters

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ZURICH (Reuters) - U.S. drugmaker Moderna (NASDAQ:MRNA) expects a shortfall in COVID-19 vaccine doses from its European supply chain hitting second-quarter delivery quantities for Britain and Canada, though European Union- and Swiss-bound shipments are on track, a spokesperson said. The delays, first announced on Friday when Canada said Moderna would be delivering only about half the planned 1.2 million doses by the end of April, come as Switzerland's Lonza ramps up three new production lines to make active ingredients for Moderna vaccine supplies outside of the United States. "The trajectory of vaccine manufacturing...

17 April

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Cisco Snags a Third Upgrade in Two Months By Investing.com

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By Dhirendra Tripathi Investing.com – Cisco (NASDAQ:CSCO) hit a 52-week high Friday following an upgrade to outperform by Wolfe Research. Wolfe is at least the third brokerage upgrade, after JPMorgan (NYSE:JPM) and Goldman Sachs (NYSE:GS) did last month. The stock hit a high of $53.18 on Friday but eased off a bit to trade 2.3% higher. Wolfe’s Jeffrey Kvaal has put a target of $63 on the stock, an upside of almost 19% from the current price even after the latest boost. Goldman has set a 12-month price target of $59 while JP Morgan’s is at...

17 April

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Huawei defence to ask Canada court for delay in CFO’s extradition hearings By Reuters

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By Moira Warburton VANCOUVER (Reuters) - The defence team for Huawei's chief financial officer, Meng Wanzhou, will ask a Canadian court to delay upcoming hearings in her U.S. extradition case, the court said on Friday. Meng's U.S. extradition hearings have lasted more than two years and she is scheduled to be back in the British Columbia Supreme Court on April 26. A source familiar with the matter told Reuters the application was a result of an agreement announced last week in a Hong Kong court between Huawei Technologies Co Ltd and HSBC regarding publication of internal...

16 April

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Pregnant women in UK told to have Pfizer or Moderna vaccines By Reuters

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LONDON (Reuters) -Pregnant women in Britain should get a COVID-19 vaccine made by Pfizer (NYSE:PFE) or Moderna (NASDAQ:MRNA) because there is more real-world data to show they are safe, the British public body that advises on vaccinations said on Friday. The Joint Committee on Vaccination and Immunisation (JCVI) said around 90,000 pregnant women had been vaccinated in the United States, mainly with the two American vaccines, without any safety concerns being raised. "Based on these data, the JCVI advises that it is preferable for pregnant women in the UK to...

16 April

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Fed’s Waller says U.S. economy ‘ready to rip’ but inflation will level off By Reuters

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By Ann Saphir, Jonnelle Marte and Howard Schneider (Reuters) - The U.S. economy is set to take off this year as more Americans get COVID-19 vaccinations and become comfortable engaging in a wider range of activities, but any accompanying spike in inflation is likely to be temporary, the Federal Reserve's newest board member said on Friday, echoing the view of most U.S. central bankers. To that end, a measure of inflation expectations released on Friday - which has grown in importance among Fed policy makers - bolstered the take on price pressures from Governor Christopher Waller....

16 April

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Google Earth’s timelapse feature puts a spotlight on climate change By Reuters

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(Reuters) - Google (NASDAQ:GOOGL) Earth on Thursday added a timelapse feature to the popular platform, providing a glimpse into how climate change, urbanization and deforestation have altered the planet over the last four decades. Created with 24 million satellite images, along with 800 curated videos and interactive guides, the feature allows users to see a timelapse of any place on the planet, using inputs from the NASA, U.S. Geological Survey's Landsat program and the European Union's Copernicus program. Climate change is causing more frequent and severe flooding, droughts, storms and heatwaves as average global temperatures...

16 April

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Boeing Drops as New Electrical Problems Seen in MAX: Reuters By Investing.com

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By Christiana Sciaudone Investing.com -- Boeing (NYSE:BA) dropped 1.5% after Reuters reported more problems have been found with the 737 MAX. Inspections are showing more electrical issues akin to those that led to jets being suspended from service last week, Reuters said, citing industry sources. It's the latest in a series of problems plaguing the planemaker, which saw the aircraft grounded after two fatal crashes killed more than 340 people in 2018 and 2019. Boeing admitted to defrauding the public and agreed to pay more than $2.5 billion after getting criminally charged by the Department of...

16 April

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Canada shares higher at close of trade; S&P/TSX Composite up 0.15% By Investing.com

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Investing.com – Canada equities were higher at the close on Friday, as gains in the Clean Technology, Healthcare and Telecoms sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 0.15% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were goeasy Ltd (TSX:GSY), which rose 7.49% or 10.30 points to trade at 147.75 at the close. Canfor Corporation (TSX:CFP) added 6.59% or 1.96 points to end at 31.69 and Interfor Corp (TSX:IFP) was up 5.90% or 1.90 points to 34.01 in late trade. Biggest...

16 April

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NYC Mayor Says It’s Time for Employees to Return to the Office By Bloomberg

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(Bloomberg) -- New York City Mayor Bill de Blasio is sticking to his call to start bringing city workers back to the office on May 3, refuting claims by some employees that it’s too soon. “It’s definitely time to come back,” de Blasio said Friday after a city employee asserted on WNYC radio that many people don’t feel comfortable returning to the office. Other workers have objected on social media, and union officials have questioned whether work sites have made appropriate health and safety changes. “We get so much more done when people are in...

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Simon Pops Because We Are So Going Back to the Mall By Investing.com

Moderna sees shortfall in Britain COVID vaccine shipments, EU deliveries on track By Reuters

Cisco Snags a Third Upgrade in Two Months By Investing.com

Huawei defence to ask Canada court for delay in CFO’s extradition hearings By Reuters

Pregnant women in UK told to have Pfizer or Moderna vaccines By Reuters

Fed’s Waller says U.S. economy ‘ready to rip’ but inflation will level off By Reuters

Google Earth’s timelapse feature puts a spotlight on climate change By Reuters

Boeing Drops as New Electrical Problems Seen in MAX: Reuters By Investing.com

Canada shares higher at close of trade; S&P/TSX Composite up 0.15% By Investing.com

NYC Mayor Says It’s Time for Employees to Return to the Office By Bloomberg

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