This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Happy Friday, Bull Sheeters. It’s a risk-on day as investors seek to extend the weeklong rally. Broad-based gains in tech, autos and pharma are pushing global equities ever closer to an […]
Tag: COVID-19
Is Peloton overvalued?
Good morning. I threw in the towel and joined the Peloton pack this week. Well, that’s not quite right. I actually threw in the towel in November, ordering and paying for my bike then. But it didn’t arrive until this week. That long wait is indicative of the wild ride this stationary bicycle company has been […]
Bitcoin, Big Tech and crude gain as the focus shifts to more stimulus
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning. U.S. futures are fairly flat, but there are plenty of green shoots. Europe’s energy stocks and crude prices continues to gain, as does Bitcoin. In the U.S., tech futures […]
Russia’s Sputnik V vaccine looks good in early analysis
Enlarge / Picture of vials of Russia’s Sputnik V vaccine against the novel coronavirus disease, COVID-19, seen at the Cotahuma Hospital in La Paz, Bolivia. (credit: Jorge Bernal/Getty Images) Yesterday, the people behind Russia’s leading vaccine, termed Sputnik V, issued a preliminary analysis of its function. The news was quite good: while the trial is […]
GSK eyes next-gen COVID vaccine as it inks deal to help boost current supply
Enlarge / A vaccine syringe and vial in front of the GSK (GlaxoSmithKline) logo. (credit: Getty | Anadolu Agency) After its own COVID-19 vaccine setback, GlaxoSmithKline has inked a $180 million deal to help German biotech CureVac manufacture 100 million doses of its mRNA vaccine, which is currently under development. The deal also lays the […]
Charlie Scharf’s no-nonsense style could create a more stable Wells Fargo
Good morning. Charlie Scharf took over a tough job when he agreed to be CEO of scandal-ridden Wells Fargo. The company had “made a bunch of mistakes,” he says. And the penalty for those mistakes was a raft of regulatory restrictions that will hobble the bank for years to come. Scharf added his own to that […]
GameStop futures rally again. Should investors worry?
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. U.S. futures are in the green on the back of strong results from Amazon and Alphabet’s Google yesterday. But, don’t look now: GameStop is up 11% in […]
As new COVID cases drop, US may be repeating the same mistakes
Enlarge / Aerial view showing a tractor digging graves in a new area of the Nossa Senhora Aparecida, where COVID-19 victims are buried, in Manaus, Brazil. (credit: Marcio James / Getty Images) While attention has been focused on the worrying new variants of SARS-CoV-2, there has been some good news: despite the evolution of a […]
The rise of the Chief Technology Officer
Good morning. Some interesting new research out from IBM today shows how much the C-Suite has changed in the last decade. Some 3,000 global CEOs were asked to say who in the C-Suite would play the most crucial role for the organization in the next two to three years. The top answer—after Chief Operating Officer (57%) […]
GameStop plunges again as the retail rally fades
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. As we’ve learned from the meme-stonks trade, what goes up, must also come down. Gulp. Not only is GameStop in a tailspin, but traders are quickly unwinding […]