Year: 2020

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Trading Ideas

Tesla Scored Record China Sales In March, Says Industry Association

April 9, 2020 admin Comments Off on Tesla Scored Record China Sales In March, Says Industry Association

Tesla (TSLA) sold 10,160 vehicles in China in March, according to the China Passenger Car Association (CPCA)- a big leap from the 3,900 vehicles sold in February. This would mark the company’s highest ever monthly sales in the world’s largest auto market.According to Cui Dongshu, CPCA’s secretary general, Tesla sales now account for about 30% of the battery electric vehicles sold in China. Ultimately the company plans to produce 150,000 Model 3 sedans from its Shanghai factory.Indeed, Tesla’s $2 billion Shanghai plant recovered from the coronavirus shutdown faster than peers due to local authority assistance. After resuming operations in February, …read more […]

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Trading Ideas

Pfizer says early studies of potential coronavirus treatment show promise

April 9, 2020 admin Comments Off on Pfizer says early studies of potential coronavirus treatment show promise

U.S. drugmaker Pfizer Inc said on Thursday that early data has helped it identify a drug candidate with the potential to help treat patients infected with the novel coronavirus. It also said it plans to support studies to determine whether existing Pfizer medicines, including its rheumatoid arthritis drug Xeljanz, may provide benefits for those struggling with the COVID-19 respiratory illness caused by the coronavirus. More than a dozen large drugmakers, including Pfizer, have announced plans in recent months to develop vaccines and treatments for the coronavirus, although few if any are likely to reach patients in time …read more […]

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Trading Ideas

Gold Market Isn’t Going Back to Normal as Spreads Stay Wide

April 9, 2020 admin Comments Off on Gold Market Isn’t Going Back to Normal as Spreads Stay Wide

(Bloomberg) — The gold market is showing no signs of going back to normal.Spreads between New York and London have stayed around $40, a sign that traders are hesitant and liquidity is thin. It’s still difficult to ship gold around the world and traders have speculated that some dealers are pulling back given the logistical risks.“The market itself is not broken,” said Rhona O’Connell, head of market analysis for EMEA and Asia at INTL FCStone. But it’s “thin and dislocated.”To be sure, there’s plenty of gold available in New York, according to Comex. Total stockpiles tracked by the exchange almost …read more […]

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Business News

Exclusive: Wall Street firm dangled up to 175% returns to investors using U.S. aid programs

April 9, 2020 admin Comments Off on Exclusive: Wall Street firm dangled up to 175% returns to investors using U.S. aid programs

A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters.

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