Month: September 2020

Boeing’s grounded 737 MAX could receive regulatory approval to resume flying in November and enter service by the end of the year, Europe’s chief aviation safety regulator said on Friday. “For the first time in a year and a half I can say there’s an end in sight to work on the MAX,” said Patrick Ky, executive director of the European Union Aviation Safety Agency (EASA). EASA expects to lift its technical ban “not long” after the U.S. Federal Aviation Administration (FAA), probably in November, but national operational clearances needed for individual airlines to resume flying in Europe …read more […]

Top news and what to watch in the markets on Friday, September 25, 2020. …read more […]

Boohoo commissioned the review, headed by senior lawyer Alison Levitt, in July after a damaging British media report about factory working conditions. “Ms Levitt is satisfied that Boohoo did not deliberately allow poor conditions and low pay to exist within its supply chain, it did not intentionally profit from them and its business model is not founded on exploiting workers in Leicester,” Boohoo said in a statement. …read more […]

Nvidia Corporation’s (NASDAQ: NVDA) acquisition of British semiconductor company Arm Ltd. is already facing scrutiny in the latter’s home country, and the troubles could be even worse in China, CNBC reports.What Happened: While Nvidia is based in the U.S., and Arm in the United Kingdom, both companies have operations worldwide, including in the European Union and China.Nvidia agreed to a billion purchase agreement for Arm with its parent company — Softbank Group Corp (OTC: SFTBY) — but said the deal would need the approval of authorities in the U.S., the U.K., the E.U., and China.According to Sebastian Hou, the …read more […]

European governments will pay claims above an agreed limit against AstraZeneca over side-effects from its potential COVID-19 vaccine, under different terms to a deal struck with Sanofi, an EU official told Reuters. AstraZeneca has secured the European Union’s backing in a confidential agreement which reflects the lower price sought by the British drugmaker, the official said. Unexpected side-effects after a drug has regulatory approval are rare, but the speed at which a COVID-19 vaccine is being pursued increases the risks of unforeseen conditions. …read more […]

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Spot gold rose 0.1% to $1,869.47 per ounce by 0341 GMT. U.S. gold futures were down 0.4% to $1,870.30. The dollar index was on track for its best week since early-April, up 1.5%, making gold more expensive for holders of other currencies. …read more […]

(Bloomberg) — Li Ka-shing, Hong Kong’s richest man, is known to his admirers as “superman” for his knack for picking assets on the cheap. But that magic touch hasn’t been working on his own companies lately.Li and his elder son Victor — who now runs the ports-to-property empire — have spent about HK$3.8 billion ($490 million) since August last year to buy the flagging shares of CK Asset Holdings Ltd. and CK Hutchison Holdings Ltd. Despite the series of purchases, CK Asset’s stock is sinking toward last March’s record low, while CK Hutchison is approaching its lowest level since a …read more […]

Economic data puts the U.S Dollar in focus late in the day. Ahead of the stats, Brexit, any chatter from Washington or Beijing, and COVID-19 will need monitoring. …read more […]

Novavax, Inc (NASDAQ: NVAX) said Thursday it was launching a large-scale diverse Phase 3 study of its COVID-19 vaccine in the United Kingdom — causing a more than 7% spike in the company’s shares after the closing bell.What Happened: The study will enroll up to 100,000 individuals, aged between 18-84 years of age, with and without relevant comorbidities, Novavax said in a statement.The drugmaker said that the trial is being conducted in partnership with the U.K. government’s Vaccines Taskforce and will last over the next four to six weeks.The Maryland-based drugmaker will enroll at least 25% of participants over the …read more […]

With the iPhone 12 launch around the corner, all eyes are on Apple (AAPL). The launch is set to come in the next quarter, and investors are eagerly waiting to see what the tech giant has up its sleeve.5-star analyst Chris Caso, of Raymond James, tells clients that based on production checks conducted across the iPhone supply chain last week, total production estimates are in-line with the Street’s calls. That being said, he points to mix as a potential driver of significant upside.“Current production plans suggest the most favorable mix we’ve ever seen for an iPhone launch, and the introduction …read more […]

(Bloomberg) — Palantir Technologies Inc.’s bankers have told investors that its shares could start trading at about $10 each, which would value the data-mining company at almost $22 billion on a fully diluted basis, Dow Jones reports, citing unidentified people familiar with the matter.Palantir is planning to go public on Sept. 30 through a direct listing, an alternative to a traditional initial public offering in which the company doesn’t issue new shares to raise capital. Rather, current investors can place their shares on the market when trading begins.A representative for Palantir declined to comment.The company was previously valued by investors …read more […]

(Bloomberg Opinion) — In the world of cars, investors seem to love news of partnerships, synergies and cost-savings as expensive tech upends long-held rules of the road. They may need a reality check.Auto companies across the globe are looking for their next green partner, even if they have their own grand plans for electric vehicles. But cautionary tales are emerging of why the best way into this brave new world – compelled by a regulatory push and sky-high Tesla Inc.-like valuations – may be to seize the wheel on their own.A quick check of how some hyped-up partnerships have fared …read more […]

The bad news keeps piling up for EV truck maker Nikola (NKLA). You could darkly suggest if the company had any of the trucks it has yet to build at its disposal it could load all the negative sentiment and drop it off somewhere out of reach.But in addition to not having any product, it is now without its founder too, after Trevor Milton resigned earlier this week. It is now also without the support of Wedbush analyst Daniel Ives. While previously Ives’ support was only muted and underpinned by calling Nikola a “prove me” stock, the latest developments have …read more […]

If you don’t have any exposure to gold, then the current pullback in gold prices may be your chance to jump in and get some!
Not all gold stocks are alike. Some are strong, established miners like Newmont or Barrick.
Others are, well, a little sketchier…
When gold is cheap, these fringe players don’t make money because their cost per ounce mined is very high. But they can pop more than the big guys when the price of gold moves higher.
These companies can produce outsized returns because they are so cheap to begin with. It’s a gamble, though, with the companies trying to …read more […]