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California’s Climate Crisis Is Deepening as 500,000 Go Dark

(Bloomberg) — In a matter of weeks, California has been hit with two record-breaking heat waves, hundreds of blazes, freak lightning storms and dangerously poor air quality, and now unusually strong winds are threatening to knock down power lines and ignite more wildfires.That’s prompting the state’s largest utility to impose power cuts for more than 500,000 people, and with dangerous conditions stretching across the West, Portland General Electric Co. has also switched off power to some Oregon customers.The shutoffs that PG&E Corp. began late Monday are the latest blow for the disaster-weary California, where climate change is making weather ever …read more […]

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Should I Avoid ViacomCBS Inc. (VIAC)?

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]

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The Highest Stock Price in American History

The highest stock price of all time comes from a company that needs no introduction. In fact, it’s run by the most famous investor in the world.
This multinational company shows no signs of slowing down anytime soon. Therefore, what business is behind these record-breaking shares?

The Highest Stock Price of All-Time
The record holder for the highest stock price in American history is Berkshire Hathaway (NYSE: BRK.A) at $347,400 per share. This happened during trading on January 17, 2020 before the stock closed that day at $344,970.
It was a monumental day for Warren Buffett. The business tycoon entered the record books and …read more […]

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3 Big Dividend Stocks Yielding Over 7%; RBC Says ‘Buy’

Stock markets are taking a dive, with the S&P 500 slipping 5% from its peak and the NASDAQ falling 9%. The sudden drops, after weeks of fairly steady gains, brought the value of defensive investments into a sharper focus. Investors have just gotten a quick object lesson in a truth that should never be forgotten: stock markets can turn on a moment’s notice.The shift, whether a temporary correction or the start of a new cycle, makes the importance of protecting your portfolio clear. Defensive stocks have a better look, after all, in the wake of a market drop. And that …read more […]

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Top Nokia investor has high expectations after past underperformance

Nokia’s largest investor said on Tuesday it had high expectations of new management after the Finnish telecoms equipment maker had failed to live up to its potential under previous leadership. “Nokia’s performance has not met our expectations in recent times and of course that is a disappointment, but we look at this over the long run,” Antti Makinen, CEO of Solidium, the Finnish government’s investment firm, told Reuters. Pekka Lundmark, the new CEO, took over from Rajeev Suri in August, a month earlier than planned. …read more […]

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Is Altria Group (MO) A Good Stock To Buy According To Hedge Funds?

How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […] …read more […]

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Tesla shares fall as it fails to make it into S&P 500 index

Wall Street analysts and investors widely expected Tesla to join the S&P 500 after the company posted its fourth consecutive profitable quarter in July, clearing a major hurdle for its potential inclusion in the benchmark stock index. In a surprise announcement, the S&P Dow Jones Indices decided to add online craft seller Etsy Inc, semiconductor equipment maker Teradyne Inc and pharmaceutical technology company Catalent Inc to the S&P 500 instead. S&P Dow Jones Indices senior index analyst Howard Silverblatt declined to say why Tesla was not added to the S&P 500. …read more […]