The S&P 500 and Dow Jones Industrial Average closed at a record high on Friday. The stock markets have been performing really well on expectations of a strong U.S. economic recovery, adaptive monetary policies and a successful vaccination program. Federal Reserve Chair Jerome Powell mentioned that near-term price pressures will prove transitory, and the central bank’s ultra-easy monetary policies are here to stay.
Digital healthcare firm SmileDirectClub Inc. (NASDAQ: SDC) reported a narrower net loss for the first quarter of 2021 amid modest revenue growth. While the bottom-line missed Wall Sreet's prediction, revenues
Virgin Galactic (NYSE: SPCE) reported first-quarter 2020 financial results after the regular market hours on Monday. The space tourism company reported zero revenue in the first quarter, compared to $238,000
The social media industry witnessed certain changes amid the COVID-19 pandemic last year. User numbers and engagement levels increased as people spent more time online to connect with family and