NEWS

CNBC

• Drugmakers are ramping up Covid vaccine production after fixing initial manufacturing delays February 24, 2021
  "We've been in the process of developing a manufacturing process for a vaccine product that we've never made before," Pfizer Chief Business Officer John Young said.
• MicroStrategy buys more than $1 billion worth of bitcoin, adding to massive holdings February 24, 2021
  Virginia-based MicroStrategy has added to its bitcoin holdings, acquiring over $1 billion worth of the digital coin.
• Here are Wednesday's biggest analyst calls of the day: Square, Snap, Mattel, American Eagle & more February 24, 2021
  Here are the biggest calls on Wall Street on
• 5 things to know before the stock market opens Wednesday February 24, 2021
  U.S. stock futures turned lower Wednesday, a day after Wall Street's wild ride that saw the Nasdaq claw back nearly all of a nearly 4% loss.
• FDA staff endorses J&J’s single-shot Covid vaccine — clearing way for third vaccine in U.S. February 24, 2021
  The FDA's staff endorsed Johnson & Johnson's Covid-19 vaccine for emergency use, a critical step in bringing a third shot to the U.S. marketplace.
• Stocks making the biggest moves in the premarket: Lowe's, GameStop, Square, Intuit & more February 24, 2021
  Names on the move ahead of the open.
• Why Keurig Dr Pepper is more than a pandemic play February 24, 2021
  Covid led to a spike in Keurig Dr Pepper's coffee business, but the trend has staying power after the pandemic.
• This payment stock will benefit most from the economic reopening, money manager says February 24, 2021
  Visa has "the biggest catalyst ahead" in the payments space as the economy slowly reopens, says Strategic Wealth Partners' Mark Tepper.
• Lucid deal may be 'a gut check" in the SPAC craze and a broader market warning February 24, 2021
  The speculative fervor around Lucid's merger with special purpose acquisition company Churchill Capital IV has been a hard lesson for some SPAC investors.
• Weekly mortgage application volume drops 11% as rates spike and Texas power outages hurt demand February 24, 2021
  Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
• Lowe's tops earnings estimates as same-store sales jump 28%, warns that some DIY trends could fade February 24, 2021
  Lowe's said fourth-quarter same-store sales climbed 28.1%, as consumers spent money on home projects during the pandemic.
• Bitcoin bounces back, surging above $50,000 after more buying from Square February 24, 2021
  Bitcoin climbed back above the $50,000 level Wednesday, after a brutal sell-off earlier this week.
• Billionaire investor Rakesh Jhunjhunwala reveals how he's playing India's electric vehicle market February 24, 2021
  The billionaire investor said he is a large shareholder in Tata Motors and is betting the firm will be a big winner in India's electric vehicle market.
• Climate change is not priced into markets but its effect could be substantial, experts say February 24, 2021
  Climate change could lead to a significant rerating in some financial markets the moment that investors take its risks seriously, experts have told CNBC.
• These 4 tech stocks should be safe from bond market jitters, UBS says February 24, 2021
  In an update of its macro stock baskets — collections of stocks along similar themes — UBS added a number of new names, including from the tech sector.
• Another Chinese city launches a digital currency test — this time it's much larger at $6 million February 24, 2021
  The scale of the trial in Chengdu city is much larger than one in Beijing earlier this month, which aimed to distribute $1.5 million to 50,000 applicants.
• A U.S. strategy paper on China draws a tepid response in Beijing February 24, 2021
  "The Longer Telegram" and its call for stringent U.S. policy on China caught the attention of many in Washington, but only a passing public response in Beijing.
• Elizabeth Holmes denies destroying evidence in Theranos case February 24, 2021
  Prosecutors allege executives at Theranos destroyed a database which contained three years worth of accuracy and failure rates.
• Hong Kong announces over $15 billion budget to lift economy out of recession February 24, 2021
  Financial Secretary Paul Chan said the spending is expected to contribute to a budget deficit of 101.6 billion Hong Kong dollars ($13.1 billion).
• FAA orders immediate inspections of some Boeing 777 engines after United Airlines flight failure February 24, 2021
  The Federal Aviation Administration said Tuesday it was ordering immediate inspections of Boeing 777-200 planes after an engine failed on a United flight.