Month: November 2020

(Bloomberg) — China on Tuesday laid out detailed regulations for the first time to root out monopolistic practices in the internet industry, as Beijing seeks to curtail the growing dominance of corporations like Alibaba Group Holding Ltd. and Tencent Holdings Ltd.The country’s antitrust watchdog is seeking feedback on a raft of regulations that establish a framework for curbing anti-competitive behavior such as colluding on sharing sensitive consumer data, alliances that squeeze out smaller rivals and subsidizing services at below cost to eliminate competitors. They may also require companies that operate a so-called Variable Interest Entity — a vehicle through which …read more […]

(Bloomberg) — Oil slipped back below $40 a barrel in New York with demand concerns keeping prices in check after crude was swept up in a broader market rally following news of a potential coronavirus vaccine breakthrough.Futures lost 1.6% after surging the most since May on Monday following early findings that a vaccine developed by Pfizer Inc. and BioNTech SE protects most people from Covid-19. Even if it does prove effective, it will still take some time to approve and roll out, meaning the resurgent virus and the likelihood of more lockdown measures will continue to weigh on the short-term …read more […]

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The United States Food and Drug Administration has issued an emergency use authorization for Eli Lilly and Company’s (NYSE: LLY) monoclonal antibody treatment bamlanivimab for use against COVID-19 in both adults and children.What Happened: Under the EUA, the treatment can be distributed and administered intravenously in a single dose by health care providers, according to a statement issued by the FDA.The authorization was given based on data from two Phase 2 trials in 465 non-hospitalized adults showing mild-to-moderate symptoms of COVID-19.The investigational drug is authorized for high-risk patients, including those aged 65 or above, that test positive for SARS-COV-2, as …read more […]

Boeing Co’s (NYSE: BA) 737 MAX jets may be ungrounded next week as the United States Federal Aviation Administration is in the final stages of reviewing changes to the jet, Reuters reported Monday.What Happened: Three sources familiar with the matter told the newswire that the planes may be allowed back into the skies as early as Nov. 18.FAA Administrator Steve Dickson that the process will be “finished in the coming days, once the agency is satisfied that Boeing has addressed” safety issues related to fatal crashes that took the lives of 346 people.Dickson disclosed that the FAA was engaged with …read more […]

Back on September 21, I posted a Trade of the Day about Imax stock titled “Of Course We’re Making This Prediction.”
Here’s the backstory…
I started off that issue by asking you this question: Will you ever see a blockbuster movie in the theater again?
Most likely, you answered yes.
Then I said…
I’m willing to make the prediction that sometime in the future, we’ll all go to the movie theaters again and enjoy the next blockbuster Star Wars or Avengers movie. But here’s where I think we’ll see a subtle change. You see, going forward, I think going to the movies will be a …read more […]

You always remember your first…
I’m talking about investments, of course. What did you think I was referring to?
I bought my first stock in 1990. It was Harley-Davidson (NYSE: HOG). I bought 50 shares at $12. Three months later, I sold it at $18. Stock trading commissions were $49 per trade, so I made a cool $202.
A few years later, my wife worked at a household-name consumer goods company. The company was doing okay, but it had some upcoming initiatives I thought would work well.
The company was privately owned, so there were no shares to buy. I discovered that it had …read more […]

Welcome to the Cannabis Countdown. In This Week’s Edition, We Recap and Countdown the Top 10 Marijuana and Psychedelic Stock News Stories for the Week of November 2nd – 8th, 2020.Without further ado, let’s get started.* Yahoo Finance readers, please click here to view the full article.10. Cannabis Stocks Go Bonkers as 2020 U.S. Election Brings Massive Green WaveThe 2020 U.S. Election Saw 5 New States Approve Marijuana Legalization Measures, Which New Frontier Data Expects Could Grow the Size of the Cannabis Industry By an Estimated $9 BillionDespite some lingering uncertainty surrounding the race for the Presidency between President Donald …read more […]

The suspension of Ant Group’s highly anticipated initial public offering took center stage in all Alibaba (BABA) related news last week. The Chinese e-commerce giant owns roughly one-third of the fintech company, which was expected to go public last Thursday. But things didn’t go as planned, as the Chinese regulators halted the $34.5 billion public debut – the largest IPO on record.While the IPO is expected to get the go ahead eventually, the unfolding drama made for an interesting backdrop to the release of Alibaba’s quarterly numbers.F2Q revenue increased by 30% year-over-year to 155 billion renminbi ($22.8 billion) and came …read more […]

Stock futures opened higher as optimism over a COVID-19 vaccine carried over into the overnight session, encouraging investors to keep snapping up risk assets. …read more […]

Any of the jets that the airline accepts from storage at Boeing would replace a similar number of the 249 planes that Southwest has already ordered, the report said, citing people familiar with the matter. Reuters had reported last month that Boeing was in talks with airlines including Delta Air Lines to take the so-called “white tails.” Boeing declined to comment on the report, while Southwest said it was working with the planemaker to refresh its order book. …read more […]

Nikola reported wider losses in the third-quarter, as company executives came under pressure to respond to questions about the legitimacy of its business. …read more […]

Beyond Meat plunged in extended trading Monday after reporting third-quarter results that badly missed Wall Street estimates. …read more […]