Benzinga - now
What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company’s future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labeled as a value stock.
Benzinga - 3min
Newell Brands (NASDAQ: NWL) declared a dividend payable on December 15, 2020 to its shareholders as of November 5, 2020. It was also announced that shareholders of Newell Brands's stock as of November 30, 2020 are entitled to the dividend.
Benzinga - 3min
Power Integrations (NASDAQ: POWI) declared a dividend payable on December 31, 2020 to its shareholders as of October 29, 2020. It was also announced that shareholders of Power Integrations's stock as of November 30, 2020 are entitled to the dividend.
Benzinga - 4min
On October 29, 2020, Voya Finl (NYSE: VOYA) announced shareholders can expect to receive a dividend payable on December 28, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Voya Finl has an ex-dividend date set for for November 27, 2020.
Benzinga - 4min
Brookfield Renewable (NYSE: BEP) declared a dividend payable on December 31, 2020 to its shareholders as of November 4, 2020. It was also announced that shareholders of Brookfield Renewable's stock as of November 30, 2020 are entitled to the dividend.
Benzinga - 4min
On September 24, 2020, Grupo Aval Acciones (NYSE: AVAL) announced shareholders can expect to receive a dividend payable on March 9, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Grupo Aval Acciones has an ex-dividend date planned for February 25, 2021.
Benzinga - 5min
On October 29, 2020, Cullen/Frost Bankers (NYSE: CFR) declared a dividend payable on December 15, 2020 to its shareholders. Cullen/Frost Bankers also announced that shareholders on the company's books on or before November 30, 2020 are entitled to the dividend.
Benzinga - 5min
Vireo Health Revenue Spikes, New Stores To Open By Q1 2021
Benzinga - 5min
On October 28, 2020, Cboe Global Markets (BATS: CBOE) announced shareholders can expect to receive a dividend payable on December 15, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Cboe Global Markets, whose current dividend payout is $0.42, has an ex-dividend date set at November 27, 2020.
Benzinga - 5min
On October 9, 2020, Stag Industrial (NYSE: STAG) announced shareholders can expect to receive a dividend payable on December 15, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Stag Industrial, whose current dividend payout is $0.12, has an ex-dividend date set at November 27, 2020.
Benzinga - 6min
On November 5, 2020, The Scotts Miracle Gro (NYSE: SMG) announced shareholders can expect to receive a dividend payable on December 10, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for The Scotts Miracle Gro will be on November 27, 2020.
Benzinga - 6min
On October 23, 2020, Hubbell (NYSE: HUBB) declared a dividend payable on December 15, 2020 to its shareholders. Hubbell also announced that shareholders on the company's books on or before November 30, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date.
Benzinga - 6min
On Thursday, November 26, LAIX (NYSE: LAIX) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
MarketWatch - 9min
Diego Maradona, the Argentine soccer great, has died. He was 60. Considered by some the greatest player in the game's history, Maradona led his country to the 1986 World Cup title. His storied playing and later coaching career were marred by problems with drugs and other health issues. The office of Argentina's president was set to decree three days of national mourning, the Associated Press reported.
Benzinga - 21min
Zscaler Inc (NASDAQ: ZS) is a leader in the cloud security space, and its differentiated architecture positions it to generate more durable growth, according to Credit Suisse.
Benzinga - 28min
Slack Technologies (NYSE: WORK) shares spiked higher on Wednesday after a report emerged that Salesforce.com (NYSE: CRM) is in talks to acquire the company.
MarketWatch - 30min
Shares of Slack Technologies Inc. spiked up 27.6% in midday trading Wednesday, after The Wall Street Journal reported that the business communications software company has held talks to be acquired by Salesforce.com Inc. . Citing people familiar with the situation, the WSJ report said any deal would likely value Slack at more than its current market capitalization, which was about $17 billion prior to the stock's jumpt on the buyout-talks report. Slack's current market cap is $21.5 billion. Salesforce's stock took a dive after the WSJ report, and was recently down 3.2% after being up about 1.1% before the report. Salesforce's market cap was $229.9 billion. Over the past three months, Slack shares have rallied 32.1% and Salesforce shares have advanced 16.9%, while the Dow Jones Industrial Average has gained 5.7%.
MarketWatch - 43min
President Trump has no events on his public schedule, White House officials said Wednesday, contradicting reports overnight that the president planned to attend an event about election fraud sponsored by Republicans in Gettysburg, Pennsylvania. The White House never confirmed the president's planned attendance, though it was reported by several outlets, including ABC News and Bloomberg. The event was organized by a portion of the commonwealth's Republican lawmakers in order to publicize allegations of election fraud in the Keystone State, where President-elect Joe Biden was certified the winner Tuesday. The so-called "hearing" is not an official act by the Pennsylvania legislature, but organized by the PA Senate Majority Policy Committee, a policy arm of the Pennsylvania Senate's Republican conference.
MarketWatch - 53min
Exchange-traded funds that track the energy sector were lower midday Wednesday, but were on track for their best month on record. The Energy Select Sector SPDR Fund fell 1.5%, but has advanced 38.2% so far in November, its strongest monthly gain since 1998, when it was launched. The Fidelity MSCI Energy Index ETF was down 1.4% Wednesday, and has gained 37.9% in the month to date, about the same as the Vanguard Energy ETF . The price of oil has gained as investors grow more confident in an economic recovery thanks to COVID-19 vaccines. On Wednesday, West Texas Intermediate crude for January delivery gained more than 1% at midday, to $45.35 a barrel on the New York Mercantile Exchange.
MarketWatch - 1hr
Economists at Morgan Stanley said Wednesday they are raising their fourth-quarter tracking estimate to a 5.6% annual rate from the previous estimate of a 4.3% rate after the economic data released earlier in the morning. In a note to clients, Morgan said the 1.3% jump in orders for durable goods last month along with strong inventories and the 0.5% gain in consumer spending were factors behind the upward revision. Looking ahead, "after a difficult winter," with consumer spending declining for two straight months, there should be a pickup in the spring along with the broad-based dissemination of a COVID-19 vaccine, the firm said. The economy grew at a record 33.1% rate in the second quarter as businesses reopened from the depth of the pandemic.
MarketWatch - 1hr
Amazon.com Inc.'s massive cloud-computing operation reported errors with a key data-streaming platform Wednesday morning, as online applications suffered across the U.S. Amazon Web Services reported problems with its Kinesis service, which assists online services with real-time data streaming, on its dashboard for reporting the health of its service at 9:36 a.m. Eastern time. About an hour later, AWS posted a banner atop that site saying that the issue had spread to other services and was preventing it from updating the actual dashboard. The problems stemmed from the company's core eastern U.S. hub in northern Virginia; a problem with AWS's S3 service at that facility in 2017 caused widespread outages for popular online services. The website downdetector.com, which tracks online services, reported problems from several popular offerings Tuesday morning, including the popular videogame "League of Legends," Sirius XM satellite radio, and the Ring doorbell system, which is owned by Amazon.
MarketWatch - 1hr
Oil futures remained higher Wednesday after data from the Energy Information Administration showed U.S. crude inventories fell by roughly 800,000 barrels in the week ended Nov. 20. West Texas Intermediate crude for January delivery was up 44 cents, or 1%, at $45.35 a barrel on the New York Mercantile Exchange. Analysts surveyed by S&P Global Platts had looked for crude inventories to fall by 1.3 million barrels, but data late Tuesday from the American Petroleum Institute, an industry trade group, had shown a rise in inventories.
MarketWatch - 2hr
Tesla Inc. is recalling more than 9,000 Model Y and Model X vehicles over issues with bolts and, in the case of the Model X SUV, a roof trim that could detach over time, potentially causing accidents or creating a road hazard. The 9,136 Model Xs involved in the recall were made between Sept. 2015 and July 2016, according to a NHTSA safety recall report. For the Model Y, Tesla notified NHTSA earlier this month that it was recalling "certain 2020 Model Y vehicles" because bolts in the car's steering mechanism may have not been properly tightened, which could eventually interfere with steering and increase the risk of a crash, NHTSA said. Tesla shares fell 0.8% on Wednesday amid weakness in the broader market. The stock has gained 560% this year, compared with gains around 12% for the S&P 500 index.
MarketWatch - 2hr
U.S. stock benchmarks on Wednesday were pulling back and trading near their lows of the day as investors found few reasons to buy stocks after a record run-up for the equity market broadly a day ago. Lackluster economic reports also appeared to undercut the buying mood on Wall Street. The Dow Jones Industrial Average was down 177 points, or 0.6%, at 28,870, following the first close for the blue-chip index above 30,000 in its history. The S&P 500 index was down 0.4% at 3,621, while the Nasdaq Composite Index was trading flat to slightly lower after opening above its most recent closing record. U.S. markets will be closed on Thursday for Thanksgiving and will see an early close on Black Friday.
MarketWatch - 2hr
Consumer spending moderated in October, the government said Wednesday. Consumer spending rose 0.5% after a revised 1.2% gain in September, the government said Wednesday. Economists surveyed by MarketWatch had predicted a 0.4% increase. Personal income slumped 0.7% in October after a 0.7% gain in the prior month. This was led by a decrease in government social benefits. The 12-month increase in the PCE index, the Federal Reserve's preferred inflation gauge, slipped to 1.2% in October from 1.4% in the prior month. The core PCE rate that strips out food and energy edged down to 1.3% from 1.5% on an annual basis.
MarketWatch - 2hr
Sales of newly built single-family houses occurred at a seasonally-adjusted annual rate of 999,000 in October, the government reported Wednesday. That was 0.3% below the revised pace of 1,002,000 in September. Analysts polled by MarketWatch had forecast new-home sales to occur at a seasonally-adjusted annual rate of 980,000. Newly constructed homes continue to sell at a very healthy clip, with October's numbers 41.5% higher year-over-year, and the September revision indicates two consecutive months of more than 1 million sales, a feat not reached since the height of the real estate bubble in 2006.
MarketWatch - 2hr
Consumer attitudes toward the economy suffered a jolt in November after a record increase in coronavirus cases, a closely followed "sentiment" survey showed. The second and final reading of the consumer sentiment index fell to 76.9 in November from an initial 77 earlier in the month and 81.8 in October, the University of Michigan said Friday. Economists polled by MarketWatch had forecast the final index to slip to 76.8.
MarketWatch - 2hr
L Brands Inc. said Wednesday that it has named Martin Waters as chief executive of the Victoria's Secret lingerie brand, replacing John Mehas who had only been in the role since Feb. 2019. Waters joined L Brands in 2008 and has served as head of the international division. Janie Schaffer has also been named chief design officer for Victoria's Secret Lingerie. The Victoria's Secret brand is in the process of a turnaround after falling out of step with trends. L Brands has also named other company leaders, including Becky Behringer who was promoted to executive vice president of North America store sales and operations. L Brands shares have soared nearly 115% for the year to date while the S&P 500 index has gained 12.2% for the period.
MarketWatch - 2hr
Shares of Intuit Inc. rose 1.7% in morning trading, after the parent of TurboTax tax preparation software said it reached an agreement with the Department of Justice (DOJ) regarding its proposed $7.1 billion acquisition of Credit Karma, in which the Credit Karma Tax business will be sold to Square Inc. to help assuage antitrust concerns. The deal with Square is contingent on the closing of the Intuit-Credit Karma merger. As part of the deal with Square, Intuit and Credit Karma will committed to provide certain transition services. Square's stock rallied 3.0% in morning trading. "We are pleased to have cleared this necessary regulatory review with DOJ and appreciate their careful consideration of this transaction," said Intuit Chief Executive Sasan Goodarzi. "Consumers will continue to benefit from the Credit Karma Tax product as part of Square." Intuit shares have rallied 33.9% year to date, while Square's stock has rocketed 234.0% and the S&P 500 has gained 12.2%.
WSJ USBusiness - 3hr
Jobless claims rose for the second straight week in a sign the surge in virus cases was starting to weigh on the labor-market recovery.
MarketWatch - 3hr
U.S. equity benchmarks Wednesday morning saw muted action, a day after the Dow Jones Industrial Average breached 30,000 points for the first time, and as investors readied for pandemic-tinged Thanksgiving on Thursday when U.S. markets will be closed. The Dow Jones Industrial Average lost 90 points, or 0.3%, to trade at 29.960, the S&P 500 index slipped 0.1% to 3,631, while the Nasdaq Composite Index added 25 points, or 0.2%, at 12,061, touching closing record territory for the tech-laden index. Investors in the past week have focused on progress toward COVID-19 vaccines, and abating concerns around the presidential transition of President-elect Joe Biden. In economic reports, Labor Department employment figures showed jobless claims rose for a second consecutive week, a sign that resurging cases of COVID are taking a toll on the labor market. Meanwhile, durable goods orders rose by more than forecast. A number of other economic reports are set for today, pulled forward because of the Thanksgiving holiday on Thursday and Black Friday in the U.S. The Federal Reserve's meeting minutes from its meeting earlier this month will be released at 2 p.m.
WSJ World - 3hr
European powers are looking to the incoming Biden administration to swiftly reduce nuclear tensions with Tehran but won’t press Washington to re-enter the 2015 nuclear accord with Iran quickly, according to senior diplomats.
WSJ Markets - 3hr
U.S. shares wavered a day after the Dow Jones Industrial Average breached 30000 points for the first time, and as investors looked ahead to a packed day of economic data.
WSJ USBusiness - 3hr
Retailers are bracing for new Covid-19 restrictions that could weigh on holiday sales but hope investments in digital operations will allow them to better reach consumers than in the spring when the economy locked down.
WSJ USBusiness - 3hr
Global trade flows bounced back strongly in the summer, marking the largest rise in two decades as air and sea transport channels reopened while demand for consumer goods surged.
MarketWatch - 3hr
United Parcel Service. Inc. said Wednesday that it has enhanced its ability to produce dry ice, and its health business has partnered with freezer and refrigeration company Stirling Ultracold to provide ultra-low temperature freezers that reach a range of -20°C to -80°C. UPS will now produce 1,200 lbs. of dry ice every hour in the U.S. and Canada. These introductions are intended to aid in the storage and transport of COVID-19 vaccines when the time comes, the company said. The partnership with Stirling Ultracold is through UPS Healthcare, which handles the packaging and shipping of medical devices, labs and clinical trial logistics. UPS stock edged up 0.6% in premarket trading and has gained 47.5% for the year to date. The S&P 500 index is up 12.5% for 2020 so far.
MarketWatch - 3hr
ViacomCBS Inc. confirmed a deal to sell its Simon & Schuster publishing business for $2.18 billion to Bertelsmann SE & CO. subsidiary Penguin Random House LLC. ViacomCBS's stock rose 0.7% in premarket trading. "This divesture follows a strategic review of non-core assets ViacomCBS undertook early in 2020," ViacomCBS said in a statement. "Proceeds from the transaction will be used to invest in ViacomCBS's strategic growth priorities, including in streaming, as well as to fund the dividend and pay down debt." The Wall Street Journal had reported on Tuesday that a deal to sell Simon & Schuster for more than $2 billion was close. ViacomCBS said it expects the deal to close in 2021. ViacomCBS shares have rallied 25.2% over the past three months through Tuesday, while the S&P 500 has gained 5.6%.
WSJ Markets - 3hr
U.S. stocks wavered a day after the Dow breached the historical 30000 level.
WSJ Markets - 3hr
Delays have left the Labor Department’s proposed rule vulnerable to being scrapped under the Biden administration.
WSJ USBusiness - 3hr
Francisco Teran has worked for a luxury watch retailer in Manhattan for almost two years. But as Covid-19 continues to spread, he now also serves as a combination bouncer, receptionist, health-care worker and sentinel.
MarketWatch - 4hr
Shares of Equillium Inc. tumbled 12.6% in premarket trading Wednesday, after the biotechnology company said it decided not to initiate a Phase 3 trial its itolizumab for the treatment of hospitalized COVID-19 patients "at this time." The company said its decision was based on a review of recent updates regarding the efficacy of COVID-19 vaccine candidates and other treatment options. Vaccine candidates from Moderna Inc. and Pfizer Inc. and BioNTech SE have recently demonstrated mid-90s percentages, and Regeneron Pharmaceuticals Inc.'s antibody cocktail for treating COVID-19 received emergency use authorization by the Food and Drug Administration. "We are continuing to assess the rapidly evolving clinical and commercial landscape related to this pandemic and may consider other options to evaluate itolizumab in COVID-19 patients, including government research initiatives," said Chief Executive Bruce Steel. Equillium's stock has run up 50.6% year to date through Tuesday, while the iShares Nasdaq Biotechnology ETF has advanced 14.7% and the S&P 500 has gained 12.5%.
WSJ USBusiness - 4hr
Questions and answers on what coronavirus-relief legislation and executive orders are soon to expire—and what other actions may be in the offing.
MarketWatch - 4hr
Shares of Nikola Corp. dropped 16.1% in premarket trading Wednesday, putting them on track to snap a record eight-day win streak in which the electric truck maker's stock rocketed 76.3%. In an interview late Tuesday on CNBC's "Mad Money with Jim Cramer," Chief Executive Mark Russell did not reassure investors that partnership with General Motors Corp. announced in September, which included GM receiving a $2 billion stake in Nikola, would still go through, as CNBC reported. Also in the interview, Russell said he could not comment on what Founder Trevor Milton, who resigned from the company in September, would do with 92.2 million shares of the Nikola common stock he owned when the lock-up expires on Dec. 1, although many other insiders have agreed to extend their lock-up agreements through April 30, 2021. In total, 161 million shares, or roughly 42% of the common stock outstanding, will become eligible for sale on Dec. 1 as lock-up agreements expire. Nikola's stock selloff Wednesday comes as shares of other electric vehicle makers are pulling back ahead of the open, with Tesla Inc. down 1.5%, Nio Inc. shedding 8.8% and Workhorse Group Inc. sliding 9.4%. Meanwhile, futures for the Nasdaq 100 are up 0.1% ahead of the open and S&P 500 futures are down 0.1%.
WSJ USBusiness - 4hr
Deere & Co. raised expectations for profits next year, anticipating that higher crop prices will lead to improving demand from U.S. farmers for its tractors and harvesting combines. .
WSJ World - 4hr
With three Western vaccines showing promising effectiveness and a coalition of international health agencies gaining traction, there is cautious optimism in the scramble to secure some doses for the world’s poorest countries.
WSJ World - 4hr
Pressure is mounting on Chinese drugmakers to show clinical evidence that their leading Covid-19 vaccines work, after early data on three Western-developed shots showed promising effectiveness against the disease.
WSJ USBusiness - 4hr
Pressure is mounting on Chinese drugmakers to show clinical evidence that their leading Covid-19 vaccines work, after early data on three Western-developed shots showed promising effectiveness against the disease.
WSJ Markets - 4hr
The index’s ascent to 30000 signals more companies are beginning to participate in the new bull market, offering hope to investors who have long waited for the rally to widen.
WSJ USBusiness - 5hr
The Texas oil giant has lowered its outlook on oil prices, suggesting it expects the fallout from the coronavirus pandemic to linger for much of the next decade.
WSJ World - 5hr
The country’s congressional lawmakers, more than half of whom are under criminal investigation, impeached a president and sparked protests that forced another to resign, throwing the country into its worst political crisis in two decades.
MarketWatch - 5hr
French tax authorities have started demanding U.S. technology groups pay their 3% digital services tax, the Financial Times reported, citing French officials, company officials and advisers. Facebook and Amazon are among the companies that have received communications, the report said. Paris's demand to collect the tax represents the end of a truce with Washington, the report added.
WSJ Markets - 5hr
Many millennials, having suffered through two nasty bear markets in the first years of their working lives, are missing out on some of the gains from the rally that brought the Dow Jones Industrial Average to 30000.
WSJ Markets - 6hr
The decline of oil and gas supermajors over the past two years has been matched by the rise of previously obscure utility companies. In Europe, Enel and Iberdrola have emerged as green-energy giants, in part by taking leaves out of the big-oil playbook.
WSJ USBusiness - 6hr
The priciest condos have been slower to sell, but overall, the high-end market rebounded quickly after the coronavirus outbreak.
WSJ Markets - 6hr
An investigation into the troubled Chinese state-owned Yongcheng Coal & Electricity Holding Group was escalated to the country’s securities regulator.
WSJ Markets - 7hr
Low interest rates and a buy-the-dip mantra have put stocks in an ascending pattern, defying the pandemic and economic woes. Pessimists say today’s gains will inevitably lower returns tomorrow, and Covid-19 is still a wild card. ‘It’s crazy. It’s a stock market I never thought I’d see.’
WSJ World - 7hr
The European Union wants to take control of its own data, part of a broader effort to wrest digital influence from large companies in the U.S. and China.
WSJ USBusiness - 7hr
The European Union wants to take control of its own data, part of a broader effort to wrest digital influence from large companies in the U.S. and China.
WSJ Markets - 7hr
The U.S. has an ample supply. That’s good news for restaurants and others heating outdoor spaces during the Covid-19 pandemic.
WSJ World - 7hr
As Americans travel for holidays, they might consider new evidence from across the Atlantic that summer tourists brought home a mutation from a corner of Spain.
WSJ USBusiness - 7hr
The new streaming service and its new boss see shows targeting women and younger viewers as a way to stand out in a cluttered video market.
WSJ USBusiness - 7hr
The U.S. economy is heading into the holidays continuing to recover in large part because Americans continue to boost their spending, particularly on goods.
WSJ USBusiness - 7hr
Amazon, Google and Microsoft increasingly are providing the computing muscle scientists need to glean insights from vast stores of climate data.
WSJ Markets - 7hr
Unprecedented economic support and the faster-than-expected development of vaccines have helped U.S. investors look far beyond the horizon, but that carries risks of its own.
WSJ Markets - 7hr
Hong Kong is having a standout year for stock listings, despite political turmoil and the derailment of the world’s largest initial public offering.
WSJ Markets - 8hr
An EU watchdog said the bloc’s executive branch failed to properly consider potential conflicts of interest when it chose BlackRock to advise the EU on future banking regulations.
WSJ USBusiness - 15hr
As President-elect Biden’s pick for Treasury secretary has done it all in economic policy, and if confirmed will face new tests on debt and spending in a deeply divided Washington.
WSJ USBusiness - 16hr
ViacomCBS is close to a deal to sell book publisher Simon & Schuster to German media giant Bertelsmann for more than $2 billion, according to people familiar with the matter.
WSJ USBusiness - 17hr
Gap’s quarterly sales rebounded from spring shutdowns but increased marketing weighed on profits. Executives cautioned that rising Covid-19 infections could slow visits to stores during the holiday season.
WSJ USBusiness - 18hr
Remote working fueled strong demand for Dell and HP personal computers in the latest quarter, cushioning the impact from lower office-equipment spending.
WSJ USBusiness - 19hr
The apparel seller replaced its chief executive after less than a year in the role and just a few months after it emerged from bankruptcy protection with new hedge-fund owners.
WSJ Markets - 19hr
The proposed rule would allow internet-based platform companies to pay as much as 15% of a gig worker’s compensation in the form of equity, up to $75,000 over three years.
WSJ Markets - 19hr
The Dow climbed to the 30000 mark after signs that President-elect Joe Biden’s transition process will get under way, easing concerns that the new administration would not get timely access to briefings and key information.
WSJ Markets - 20hr
The latest rise for the blue-chip index was powered by investors’ bets that scientists are on the brink of pushing through a coronavirus vaccine effective enough to help the economy build on a fragile recovery.
WSJ Markets - 20hr
After more than a century of tracking the stocks of big U.S. companies, the blue-chip index finally topped 30000.
WSJ Markets - 20hr
The popular platforms suffered glitches that rendered them inaccessible or slow to use, frustrating investors on a landmark day for the U.S. stock market.
WSJ Markets - 21hr
A recent rise in oil prices continued on Tuesday, sending crude to its highest level since early March with investors wagering on a brighter economic outlook and higher demand for fuel.
WSJ Markets - 23hr
All eyes are on the holiday shopping season. That places uncomfortable pressure on Best Buy, which has set itself up for high expectations after posting strong results last quarter.
WSJ Markets - 1d
Janet Yellen brings a lot to the table, and her transition to the Treasury a relatively easy one.
WSJ USBusiness - 1d
General Electric warned employees that more job cuts are coming to the conglomerate’s jet-engine business because of the pandemic’s impact on commercial air travel even with the promise of a vaccine on the horizon.