UPDATE: Stocks soar on Wall Street as hopes build for virus vaccine

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UPDATE: Stocks soar on Wall Street as hopes build for virus vaccine

Stocks plowed higher on Wall Street Monday, as hopes for a COVID-19 treatment and vaccine had investors looking ahead to the possibility of a healthier economy that has shed the virus. The S&P 500 rallied 34.12, or 1%, to 3,431.28 and added to the …
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Peter Thiel-backed workplace app Asana files for direct listing on NYSE

(Reuters) – Workplace app Asana Inc on Monday unveiled plans to list its shares on the New York Stock Exchange through a direct listing, adding to a growing number of tech companies debuting this year. Asana, which was last valued at about $1.5 billion …
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Apple will reopen some stores as COVID cases drop

Apple is planning to reopen some of its retail stores that were closed by a resurgence in coronavirus cases, according to a report by Bloomberg. Continue Reading Below. APPLE STOCK HITS RECORD HIGH ABOVE $500 AHEAD OF SPLIT DEADLINE.
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Snowflake files for IPO, taking on Amazon and Microsoft cloud database businesses

Snowflake said that revenue in the first half of 2020 more than doubled to $242 million, while its net loss narrowed slightly to $171.3 million. The company raised money at a $12.4 billion valuation in February from Salesforce. Snowflake’s technology allows …
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RBI announces 'Operation Twist', more may be needed traders say

MUMBAI, Aug 25 (Reuters) – The Reserve Bank of India announced on Tuesday it will buy longer tenor bonds and sell shorter maturities in a U.S.-style ‘Operation Twist’, but traders say it may have to do more to calm investor nerves and prevent abrupt jumps …
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