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Ride with Canoo as it Pulls Ahead of the EV Pack with “Last Mile” Advantage

-Hennessy Capital Acquisition Corp. IV to merge with Canoo Holdings Ltd. -Canoo vehicles are ideal for commercial use in last mile delivery fleets -Walmart, other retailers are possible partners as they ramp up last mile tech -Canoo to offer leases rather than purchases to allow fast adoption -Canoo trades at 0.85x 2025 revenue, much lower […] …read more […]

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Coronavirus Latest: Monday, August 24

With the start of the RNC, the Trump administration is saying that it may fast track the Astrazeneca coronavirus vaccine. This comes as the FDA grants emergency use authorization to a coronavirus plasma treatment and Novavax announces that it will be enrolling volunteers for its next vaccine trial. Yahoo Finance’s Anjalee Khemlani breaks down the latest news about the coronavirus on The Final Round. …read more […]

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What Investors Like You Cannot Control… and What You Can

Note from Managing Editor Allison Brickell: Investors face tough challenges these days: identifying their goals, tuning out the negativity of the mainstream media and focusing on what they can actually control, to name a few. Fortunately, Alexander Green is here to help. He’s ready to share his No. 1 microcap pick for 2020. I highly recommend that you take a look at his special presentation. It just might change your life.

In a column last week, I noted that you should have three primary goals as an investor:

Understand the true state of the world.
Recognize what you can and cannot control.
Capitalize on …read more […]

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Wells Fargo Asset Cap Is Now One of the Costliest Bank Penalties

(Bloomberg) — Hitting banks with multibillion-dollar fines grabs headlines, but a Federal Reserve cap on Wells Fargo & Co.’s assets is becoming the industry’s true terror.The wonky sanction devised by the Fed in early 2018 to force Wells Fargo to address a series of scandals is turning into one of the costliest punishments ever levied by a single regulator. By one method of estimating, Wells Fargo has missed out on roughly $4 billion in profits — and counting — since the cap was imposed, and it’s unclear when the Fed will lift it.That figure calculated by Bloomberg is based on …read more […]

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Delta Plans to Follow United With Debt Backed by Loyalty Program

(Bloomberg) — Delta Air Lines Inc. is preparing to issue new debt backed by its frequent-flyer program, the latest to use miles to help boost liquidity amid the Covid-19 pandemic.The airline is set to market new loans and bonds secured by its SkyMiles loyalty program after the U.S. Labor Day holiday on Sept. 7, according to people with knowledge of the matter. The size of the deal and terms, including yield, are still being finalized and could change, said one of the people, asking not to be identified discussing a private matter.A spokesman for Atlanta-based Delta declined to comment.The deal …read more […]