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The bipartisan group of senators plans to present its $908 billion COVID-19 stimulus bill in 2 parts, so that at least some of it can pass
The senators worry that two issues will hold the bill back, so have split it into a $748 billion package and a $160 billion one. Democratic Senator Joe Manchin, part.....»»
The coronavirus pandemic has given Amazon the perfect opportunity to swoop in on the $300 billion global luxury market (AMZN)
Photo by Stefanie Keenan/Getty Images Amazon has been trying to break into the $300 billion global luxury ma.....»»
Cisco Comes Out on Top in Q3 Report
Networking giant Cisco reported third fiscal quarter earnings of $0.79 per share and $11.98 billion in revenue compared with consensus estimates that called for $0.71 in per-share earings and $11.88........»»
5 Stocks To Watch For May 13, 2020
Some of the stocks that may grab investor focus today are: Wall Street expects Cisco Systems, Inc. (NASDAQ: CSCO) to post quarterly earnings at $0.71 per share on revenue of $11.88 billion after the clo.....»»
SoftBank shares attractive near-term as buyback eyed: UK"s AVI
SoftBank Group's planned $22.5 billion share buyback presents an attractive buying opportunity but it is not a clear longterm investment, said a London-based investor that has built up a small stake......»»
Council to hold first meeting after shutting down due to coronavirus
The government is approaching the $349 billion lending limit on its Paycheck Protection Program that is funneling to the nation’s small businesses. The Small Business Administration says that as of... To view the full story, click the title link......»»
U.S. judge puts Amazon challenge to Pentagon JEDI contract on hold
A U.S. judge on Friday put on hold a suit by Amazon.com Inc challenging the Pentagon's decision to award a $10 billion contract to Microsoft Corp ......»»
U.S. airlines sitting on $10 billion owed to consumers for canceled flights, lawmakers say
U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday......»»
U.S. airlines sitting on $10 billion in travel vouchers, lawmakers say
U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday......»»
Cisco offers big payment deferrals until 2021 as companies seek remote-work tools
Cisco Systems Inc on Tuesday launched a $2.5 billion financing program that lets its customers defer 95% of payments until 2021, giving companies additional leeway at time when some are facing a cash crunch but also need more remote-work tools......»»
MarketWatch First Take: Don’t worry about your IT bills, Cisco and HPE tell corporate America
Cisco Systems Inc. is making $2.5 billion available through its financing arm, to help customers keep buying its tech products during the COVID-19 pandemic, with big payment reprieves until next year......»»
Bay Area VC firm sees opportunity in crisis, raises $2B to invest
Index Ventures has $2 billion in new funds to invest as it looks to test the belief that some of the best startups emerge in times of crisis. Mike Volpi, who has been a partner with the San Francisco and London firm since 2009, points to investme.....»»
Cisco-backed data storage unicorn more than doubles valuation in $250M funding
Hybrid data storage unicorn Cohesity Inc. more than doubled its valuation to $2.5 billion in a $250 million funding announced Thursday. The downtown San Jose-based company's round is the latest indication that venture firms are willing to continue ope.....»»
Retail Opportunity to hold Annual Meeting of Stockholders virtually
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
With $1.1B in hand, life sciences investor Flagship rewrites its rulebook
The Cambridge-based company set out to raise its seventh so-called Opportunity Fund in mid-January and managed to pull together $1.1 billion in funding within two months......»»
Pelosi urges U.S. Treasury not to delay $25 billion in grants to airlines
U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up $25 billion in cash grants approved by Congress last week to airlines for payroll costs......»»
Democrats urge U.S. Treasury not to delay $25 billion in grants to airlines
U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up $25 billion in cash grants approved by Congress last week to airlines for payroll costs......»»
Government money market funds see $249 billion of inflows this week
In the dash for cash, investors poured $249.3 billion of cash into government money market funds that hold.....»»
A Seattle research project was reportedly told not to conduct coronavirus tests on swabs from flu patients — a missed opportunity early in the US outbreak
AP Photo Federal officials told a Seattle research lab not to test flu swab samples for coronavirus in January, before the outbreak took hold of Washington state, according to The New York Times. As of Tuesday, .....»»
Self-driving trucks are a $70 billion opportunity — but VCs are hesitant to bet on them
Joe Raedle/Getty Images Technologists and big spenders in America's $800 billion trucking industry are inves.....»»