Month: September 2020

(Bloomberg) — China is planning a sweeping set of new government policies to develop its domestic semiconductor industry and counter Trump administration restrictions, conferring the same kind of priority on the effort it accorded to building its atomic capability, according to people with knowledge of the matter.Beijing is preparing broad support for so-called third-generation semiconductors for the five years through 2025, said the people, asking not to be identified discussing government deliberations. A suite of measures to bolster research, education and financing for the industry has been added to a draft of the country’s 14th five-year plan, which will be …read more […]

(Bloomberg Opinion) — After every financial scandal, the natural question that gets asked is: Where were the regulators?The answer, usually, is asleep at the wheel — or MIA altogether. When the U.S. Securities and Exchange Commission opened a formal probe into Enron in 2001, the energy-trading giant had already lost 83% of its market value and was weeks from declaring bankruptcy. More recently, a string of money-laundering scandals in Europe has shown watchdogs missed warning signs for years.When it comes to the spectacular collapse of German fintech darling Wirecard AG, though, things are rather more embarrassing. We know exactly what …read more […]

U.S. wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India’s Vodafone Idea Ltd, the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up 10%. Vodafone Idea’s stake-sale talks had been paused pending the outcome of a court hearing in India, which created uncertainty and could have threatened Vodafone Idea’s survival, Mint reported, citing two unnamed people aware of the negotiations. …read more […]

Tesla Inc’s CEO Elon Musk met with three German ministers and other senior politicians on Wednesday to discuss the progress of a collaboration between the car maker and a German biotech company and a planned electric vehicle factory. Ralph Brinkhaus, leader of Chancellor Angela Merkel’s CDU/CSU conservative parliamentary bloc, said Musk was satisfied with the progress of Tesla’s alliance with vaccine developer CureVac. …read more […]

While many small pharma companies are racing to bring various coronavirus-related solutions to market, it is one of Big Pharma’s representatives that has flexed its muscles with the latest meaningful product. Last week, Abbott Laboratories (ABT) announced it had been granted emergency use authorization (EUA) by the FDA for its rapid COVID-19 antibody test, BinaxNOW.The test doesn’t need any instrumentation or equipment, and each test kit is completely disposable. The test provides results in 15 minutes, is priced at $5 and can be overseen by a wide range of people. Despite being a quick solution, it is highly accurate, with …read more […]

I’m starting to see the same question pop up more and more…
Perhaps that little voice in your head is asking this question as well…
What do I do if the markets crash?
It’s a very valid question – especially now.
After all, the S&P delivered its ninth positive session out of the last 10.
The Dow recorded its fifth positive session out of the last six.
And the Nasdaq is going straight to the moon!
Sure, that’s fun. But as we all know – the stock markets don’t move in only one direction.
That’s why you need to see my Ask Me Anything video below…
Question No. 3 …read more […]

My background is in electrical engineering. But I’ve always had an interest in investing. I’ve been doing it for my family for more than 45 years.
And companies in the energy infrastructure and technology sectors have been some of my favorites to profit from.
I’ve been recommending top tech companies to my paid subscribers for more than a decade. And for good reason.
The shares of publicly traded tech companies are major drivers of global economic change. And that reality is going to be with us for a long time.
Many of my tech investment recommendations have paid off handsomely for my subscribers. But …read more […]

(Bloomberg) — PagerDuty Inc. shares fell sharply after the software maker projected revenue and a loss that disappointed investors, bucking the trend of many other cloud-software companies that have received a boost during the work-from-home period.Sales will be $52 million to $53 million in the quarter that ends in October, the San Francisco-based company said Wednesday in a statement. Analysts, on average, estimated $53.7 million, according to data compiled by Bloomberg. The forecast signals a slower pace of revenue growth than the company has delivered in prior quarters. The stock dropped about 23% in extended trading.Chief Executive Officer Jennifer Tejada …read more […]

Spotify launched Joe Rogan’s popular podcast this week. But the batch of 1,691 episodes of “The Joe Rogan Experience” currently available on the streaming platform is conspicuously missing a several controversial segments. The Rogan episodes on Spotify omit his interviews with conspiracy monger Alex Jones and other far-right figures including Proud Boys founder Gavin McInnes; […] …read more […]

One of the catalysts driving the wild ride for Tesla Inc (NASDAQ: TSLA) in 2020 has been its potential inclusion in the S&P 500 after first becoming eligible following a profitable second quarter. While Tesla’s addition to the S&P 500 could trigger a wave of buying as funds and money managers rebalance their portfolios, adding Tesla to the popular index could also create at least two problems for SPDR S&P 500 ETF Trust (NYSE: SPY) investors.DataTrek Research co-founder Nicholas Colas said both problems would be caused by Tesla’s ballooning market cap, which currently sits at $417 billion.Unwanted Volatility: The first …read more […]

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Triller’s Owner and Executive Chairman Bobby Sarnevesht discusses the company’s $20B bid for TikTok’s U.S. operations. …read more […]

Costco’s net sales for the month of August rose 15% to $13.56 billion. …read more […]

(Bloomberg) — Australia, the most China-reliant economy in the world, is bracing for further disruptions to its commodities sector amid tensions with Beijing that’ve already jolted beef, wine and barley producers.The trading partner is Australia’s key market for goods exports, accounting for about 39% of all shipments in the most recent fiscal year, according to Bloomberg Economics. Its dependence puts products including coal and dairy, where China has domestic supplies or alternative import sources, at risk.“China has got a very clear strategy to retaliate for Australia’s political views,” said Tim Murray, managing partner of China-focused J Capital Research Ltd., who …read more […]

Costco released its August Sales report after hours on Wednesday. The company saw a 15% increase in net sales and a 101.6% increase in e-commerce sales. Yahoo Finance’s Ines Ferre joins The Final Round to discuss the sales report and what it means for the retail company. …read more […]