Month: October 2020

The news signaled progress against the novel coronavirus that has infected more than 41 million globally, including 8 million Americans and comes 10 days before a U.S. presidential election that may hinge on plans https://www.reuters.com/article/us-usa-election/biden-warns-on-coronavirus-surge-trump-heads-to-florida-in-campaign-sprint-idUSKBN2781A4 to fight the pandemic. AstraZeneca, one of the leading vaccine developers, paused its U.S. trial on Sept. 6 after a report of a serious neurological illness, believed to be transverse myelitis, in a participant in the company’s UK trial. J&J paused its large, late-stage trial last week after a study participant became ill. …read more […]

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I don’t believe in edge. I think it’s a fairy tale. The world is too competitive. Going back to AI, investing is where chess was in 1996, when there was an enormous race between human grandmasters and algorithms, and Deep Blue started to beat Garry Kasparov by using brute compute force. The above is from this interview with Gavin Baker, […] …read more […]

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It’s a bearish start to the day for the majors. Failure to move through the day’s pivot levels would bring support levels into play. …read more […]

Dev Kantesaria’s Valley Forge Capital is a long-focused equity investment firm that was founded in 2007. The fund uses a bottom-up, fundamental approach to uncover well-managed companies with strong organic growth potential that can deliver compounding value to its clients for years to come. The fund maintains a highly concentrated portfolio of high conviction ideas […] …read more […]

(Bloomberg) — Databricks Inc., whose business overlaps with data and analytics software maker Snowflake Inc., is preparing an initial public offering that could come in the first half of 2021, according to people with knowledge of the matter.Discussions are at an early stage and the company has held talks with banks but has yet to hire underwriters, said the people, who asked not to be identified discussing private information. The company’s plans could still change, they said.San Francisco-based Databricks is aiming to go public at a price significantly higher than the valuation in its last funding round, one of the …read more […]

During Thursday’s debate, President Trump said he prepaid his taxes. It sparked curiosity about when it’s possible to pay the IRS upfront. …read more […]

MONTREAL, Oct. 23, 2020 /CNW/ – Turquoise Hill Resources Ltd. …read more […]

Earlier Friday morning, it was reported that Tesla Inc (NASDAQ: TSLA) would be recalling 30,000 Model S and X vehicles in China. This was due to suspension issues and was being forced by the Chinese government. Now, a letter obtained by Electrek shows Tesla thinks there is no defect, and no recall is needed.The letter is from Elizabeth H. Mykytiuk, Tesla’s managing counsel for regulatory affairs, shows Tesla didn’t think the recall was necessary, but it was the easier choice when compared with battling through China’s regulatory body that asked for the recall.”Due to the opinion of SAMR/DPAC that the …read more […]

Shares of Intel fell 10% on Friday, a day after reporting disappointing third-quarter results. Jared Blikre breaks down the stock’s price action, and discusses what the state of chipmaker means for the rest of the industry. …read more […]

The days of Exxon Mobil Corporation (NYSE: XOM) being the most valuable energy company in the U.S. are over, with the newer NextEra Energy Inc (NYSE: NEE) passing the oil giant’s market capitalization.ExxonMobil was also recently passed by rival Chevron (NYSE: CVX) as America’s most valuable oil company.This marked the first time ExxonMobil has lost that title dating back to its days as Standard Oil Co. a century ago.About ExxonMobil: ExxonMobil is one of the largest oil companies in the world and owner of brands like Exxon, Mobil, Esso and XTO.At the end of 2019, Exxon Mobil had 8,728 million …read more […]

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(Bloomberg) — Intel Corp.’s biggest critics on Wall Street didn’t get a chance to question executives on its recent earnings conference call, a sign of mounting pressure on the chipmaker and its leadership.Intel stock plunged as much as 12% Friday following a report that detailed a drop in profitable data center chip demand and falling overall profitability. That follows a 16% share slump after its second-quarter results three months ago.The world’s largest chipmaker is at the center of a debate about its future, one that its detractors are winning. They argue that multiyear delays in introducing new manufacturing technology has …read more […]