Month: September 2020

Schlumberger (NYSE: SLB) has announced a ‘major’ collaboration with IBM and Red Hat to accelerate digital transformation across the oil and gas industry. …read more […]

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WATERLOO, Ontario, Sept. 9, 2020 /CNW/ — BlackBerry Limited (NYSE: BB; TSX: BB) today announced it is now providing dedicated EU instances of its BlackBerry® AtHoc® service, a leading networked crisis communication solution. …read more […]

(Bloomberg) — AstraZeneca Plc stopped giving shots of its experimental coronavirus vaccine after a person participating in one of the company’s studies got sick, a potential adverse reaction that could delay or derail efforts to speed an immunization against Covid-19.The pause stemmed from a standard review of the company’s vaccine trials after one person developed an unexplained illness, AstraZeneca said in a statement. The move was intended to give researchers time to examine safety data while maintaining the integrity of the trials, the company said. The drugmaker’s shares fell as much as 3% in London Wednesday morning.The vaccine, which AstraZeneca …read more […]

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(Bloomberg) — SoftBank Group Corp.’s bankers have received orders for all 1.3 trillion yen ($12 billion) of the domestic wireless unit’s stock they are selling and will probably place an over-allotment, according to people familiar with the matter.SoftBank Corp. order books for domestic and overseas investors were fully covered Tuesday with Nomura Holdings Inc. and Daiwa Securities Group Inc. leading the distributions, said the people, asking not to be identified because the matter is private. Local and international investors were drawn by the dividend yield at the latest price, which is lower than the initial public offering price of 1,500 …read more […]

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The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

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Oil futures fell further on Wednesday after big declines the previous session with Brent sliding below $40 a barrel for the first time since June as COVID-19 cases rebounded in several countries. Brent crude was down 16 cents, or 0.4%, at $39.62 a barrel by 0241 GMT after declining more than 5% on Tuesday. U.S. crude was down 24 cents, or 0.7%, at $36.52 a barrel, having fallen nearly 8% in the previous session. …read more […]

(Bloomberg) — Jack Ma’s Ant Group is creating a new group of super wealthy people in China while also giving a boost to some older fortunes globally.Hong Kong’s Li Ka-shing, the family behind a French supermarket giant, the son of a Taiwanese real estate billionaire and Chinese retail tycoon Shen Guojun are among those invested in the online payments provider, which may be valued at $225 billion when it goes public next month.This wasn’t just some one-off tech bet. They’d all established relationships with Ma’s empire before Ant’s financing round two years ago, along with Thailand’s Chearavanonts, the Tungs of …read more […]

(Bloomberg) — Nasdaq 100 futures rallied during the Asia session as investors took a breather from a rout in U.S. technology shares and factored in a report that a Covid-19 drug trial was paused.Nasdaq 100 futures gained 0.6% as of 11:25 a.m. in Tokyo, erasing an earlier slide of 1.1%. Contracts on the S&P 500 were little changed, after falling as much as 1.2%. Shares in exchange-traded funds that track the S&P 500 and Nasdaq 100 indexes had turned sharply lower after STAT said AstraZeneca Plc has put on hold a Phase 3 study testing a Covid-19 vaccine.“During the cash …read more […]

Tesla Inc (NASDAQ: TSLA) shares fell over 21% at Tuesday’s closing — marking the worst day of declines for the automaker after it was left out of the prestigious S&P 500 index.What Happened: The decline in the Elon Musk-led company shares’ trading price saw its market valuation fall $82 billion to $307.7 billion. The stock has risen nearly 295% year-to-date.Even though Tesla has achieved four consecutive quarters of profitability as of its July results, the company failed to make it to S&P 500.This week, the company sold $5 billion in new stock in order to raise capital.In late August, the …read more […]

The vaccine, developed with the University of Oxford, has been described by the World Health Organization as probably the world’s leading candidate and the most advanced in terms of development. The suspension dims prospects for an early rollout amid reports that the United States was aiming for a fast-track approval before the November presidential election. “This is a routine action which has to happen whenever there is a potentially unexplained illness in one of the trials,” the company said in an emailed statement. …read more […]