Bollinger Motors Founder & CEO Robert Bollinger joins Yahoo Finance’s Pras Subramanian to break down the company’s upcoming electric vehicles, the EV space, and whether a SPAC IPO is in the cards. …read more […]
Tesla Inc (NASDAQ: TSLA) has added Tequila as a merchandise offering on its online store. The electric vehicle maker is taking orders for company-branded Tequila in select states in the United States.What Happened: The Tesla version of distilled ardent spirits comes in a thunderbolt-shaped 750 ml bottle.At $250 per bottle, it is certainly not a cheap indulgence, and each customer is limited to just two bottles of the tequila, which, the automaker claims, has a “dry fruit and light vanilla nose with a balanced cinnamon pepper finish.”Shipping is included in the price and deliveries are expected to begin in late …read more […]
Electronic Arts Inc (NASDAQ: EA) shares tanked in the after-hours session Thursday as the company missed analyst estimates for the second quarter of the fiscal year 2021 even as it beat management guidance. EA’s decision to start paying quarterly dividend amid weak earnings also didn’t sit well with the market, Barron’s noted earlier.What Happened: In the first five minutes of the after-hour session, the stock price shed 9% and dropped to $118 a share. EA quarterly net revenues dropped 15% year-over-year at $1.15 billion while the $0.63 diluted earnings per share for the quarter was 78% lower YoY.Revenues from …read more […]
“The SFO is investigating Bombardier Inc over suspected bribery and corruption in relation to contracts and/or orders from Garuda Indonesia,” the agency said on Thursday. “As this is a live investigation, the SFO can provide no further comment,” it added. …read more […]
U.S. oil fell nearly 2% on Friday as new lockdowns in Europe to contain the spread of the coronavirus disease raised questions about the outlook for crude demand, while markets remained on edge over the drawn-out vote counting in the U.S. election. West Texas Intermediate was down 73 cents, or 1.9%, at $38.06 a barrel at 0232 GMT, after dropping 0.9% on Thursday. Italy recorded its highest daily number infections on Thursday and cases surged at least 120,276 in the United States, the second consecutive daily record as the outbreak spreads across the country. …read more […]
(Bloomberg) — Square Inc.’s quarterly sales more than doubled, underscoring a surge in demand for Bitcoin trades, stock purchases and other financial transactions by customers cooped up during the global pandemic. The stock rose 5% in after-hours trading.Revenue leaped 140% to $3.03 billion, far surpassing the $2.05 billion average analyst estimate, according to data compiled by Bloomberg.The San Francisco-based payments company pointed to growth for its peer-to-peer payments app, Cash App, as one of the strong points of its business. The app, which lets users send money to friends, buy stocks and store money like a bank account, generated $2.07 …read more […]
The Foreign Corrupt Practices Act units of the Justice Department and the U.S. SEC had sought documents relating to its Chinese operations, the company said in its filing, adding that it is producing records pursuant to these requests. In 2012, the drugmaker had agreed to pay $26.3 million to the top U.S. securities regulator as part of a settlement with the U.S. government following a probe into its use of illegal payments to win business overseas including Russia, Bulgaria, China, and Italy. …read more […]
Hedge fund legend David Einhorn thinks he just received the “clinching sign” that the top of a tech-heavy bubble is here…
That sign was a job application from someone looking to join his Greenlight Capital hedge fund.
As Einhorn explained in his third quarter letter to Greenlight’s investors, the job application came in an email with the subject line, “I am young, but good at investments…”
It was sent by a 13-year-old boy who claimed to have quadrupled his money since February.
I recently told you how Joe Kennedy avoided the 1929 stock market crash after receiving a stock tip from a shoeshine boy.
Kennedy …read more […]
Stock futures opened roughly unchanged after rallying for a fourth straight day earlier on Thursday, as investors continued to await election results in key states. …read more […]
It has been a volatile ride for investors of DraftKings (DKNG). Since closing at an all-time high of $63.78 on October 2, the share price has dropped by 32%. However, the stock is showing signs of upward movement, as good news is once again taking hold of the narrative.The presidential election results might still be at an impasse, but election night handed a 3-0 victory to the sports betting sector. Maryland, Louisiana, and South Dakota all voted to approve legalized sports betting in 2021.Oppenheimer analyst Jed Kelly is in no doubt as to what it means for the fledgling industry.“We …read more […]
No blue wave under a possible Biden presidency may make it harder to pivot towards a greener economy — keeping fossil fuels around for longer, says one oil analyst.
“The president, if it is indeed Biden, he could scale back drilling on public lands — that is a possibility. There’s other measures that he could take to stop the progress of fossil fuels … but in general, green energy will struggle with a Republican Senate ” said Bob Yawger director of energy futures at Mizuho Securities. …read more […]
Despite the recent pullback, Trevena (TRVN) stock has had an excellent 2020 with shares rocketing 182% year-to-date. According to H.C. Wainwright analyst Douglas Tsao, there’s a lot of fuel left in the tank.Tsao’s confidence is based on the imminent launch of Olinvyk, the company’s recently approved opioid agonist for the treatment of moderate to severe acute pain in adults. Olinvyk has been designated Schedule 2 status by the DEA and will hit the market this month.Trevena has just revealed its price plan for the drug; Olinvyk will be sold in three sizes: 1 and 2mg vials for bolus dosing costing …read more […]
CALGARY, AB, Nov. 5, 2020 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for November 2020 of $0. …read more […]
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