Wall Street is under pressure over its lack of diversity

spike

Protestors and police officers clash for the second morning in a row on July 1, 2020 in New York City following a budget vote. (Photo by David Dee Delgado/Getty Images)

David Dee Delgado | Getty Images

A global corporate reckoning that began in the United States after the killing of George Floyd has prompted industries long dominated by White males, such as the financial sector, to rethink diversity.

George Floyd was killed by a Minneapolis police officer on May 25, who knelt on Floyd’s neck for 8 minutes and 46 seconds. Floyd was arrested on suspicion of using a counterfeit

Read More

Chinese health product exports on the rise as coronavirus pandemic persists

spike

Employees make face masks on a production line at a glove factory, which has started producing face masks as overseas orders for masks at an all time high amid the coronavirus outbreak, on May 16, 2020 in Shenyang, Liaoning Province of China.

Yu Haiyang | China News Service via Getty Images

BEIJING — The global coronavirus pandemic shows little signs of letting up, and some say that’s creating further demand for China’s medical products.

As the global economy continues to falter, the interest in Chinese medical supplies is an encouraging sign for the country’s exports — which support a critical

Read More

Volatility will dominate market in year’s second half: John Stoltzfus

spike

Market bull John Stoltzfus sees ways to make profits in the year’s second half, but it won’t come easy.

The Oppenheimer Asset Management chief investment strategist warns the wild swings won’t subside anytime soon due to how traders and nervous investors are reacting to headline risks.

“They’re waiting for some catalyst to cross the tape that will justify taking near-term profits without FOMO, or fear of missing out,” Stoltzfus told CNBC’s “Trading Nation” on Wednesday. 

Stoltzfus notes there are several risk factors to consider, particularly the spike in coronavirus cases and whether a vaccine will become a reality.

“What’s going

Read More

Inovio, CBL, Coty and more

spike

Kylie Cosmetics are displayed at Ulta beauty on November 18, 2019 in New York City. Kylie Cosmetics has sold a controlling stake to Coty Inc for a reported $600 Million. Coty Inc plans to buy 51% and the controlling share of Kylie Cosmetics, valuing it at $1.2 billion. Kylie Jenner will remain the public face of the brand.

David Dee Delgado | Getty Images News | Getty Images

Check out the companies making headlines after the bell.

Inovio Pharmaceuticals — Shares of Inovio dropped 3% in extended trading after falling 26% in regular hours. Inovio’s stock has trended sharply downward

Read More