Year: 2020

The world’s most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory standards, a letter seen by Reuters showed. In the letter dated Nov. 6 addressed to countries with large gold markets, the London Bullion Market Association (LBMA) laid out standards they must meet on issues such as money laundering and where they source their gold – or be blacklisted. The move by the LBMA is the first time a market or state authority trying to tackle the illegal or unethical …read more […]

Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. Excitement over news of potentially effective vaccines for COVID-19 has been tempered by concerns over the logistical challenges of ensuring access to billions of people. “Vaccine trades reversed to give way to ‘stay home’ trades,” as shares of technology companies and others that do well when people stay home and work remotely rallied, Mizuho Bank said in a commentary. …read more […]

Boeing Co on Thursday raised its rolling forecast for China’s aircraft demand for the next 20 years, making the country a bright spot in the aviation market even as COVID-19 decimates global deliveries over the next few years. Chinese airlines will need 8,600 new airplanes through 2039, 6.3% higher than Boeing’s previous prediction of 8,090 planes last year. In October, Boeing cut its 20-year forecast for global airplane demand due to the COVID-19 pandemic. …read more […]

(Bloomberg) — Tencent Holdings Ltd. joined Alibaba Group Holding Ltd. and much of China’s internet sector in a $290 billion selloff after Beijing signaled its strongest intentions yet to rein in Big Tech. Yet the social media and gaming giant is in some ways better shielded than its peers from any potential crackdown.Executives unfurling earnings Thursday will seek to reinforce perceptions Tencent isn’t in the same boat as fintech giant Ant Group Co., the Alibaba affiliate forced to call off what would’ve been the world’s largest initial public offering after Beijing tightened its control of online lending. Citigroup and JPMorgan …read more […]

(Bloomberg) — With 22 pages of vaguely worded edicts, China has cast doubt on the future of its biggest internet companies and ignited a $290 billion equity selloff.Investors are now gaming out how bad it might get for Alibaba Group Holding Ltd., Tencent Holdings Ltd. and other Chinese internet giants as Xi Jinping’s government prepares to roll out a raft of new anti-monopoly regulations.As is almost always the case, the country’s leaders have said little about how harshly they plan to clamp down or why they decided to act now. But the draft rules released Tuesday give the government wide …read more […]

ESG investing is one of the biggest mega-trends in modern history, but finding the best stocks within the space is no easy task… …read more […]

It’s been said that gridlock is a feature, not a bug, of the US Constitution, and we may be about to find that out. The election results have left some questions to be resolved, but a few things are coming clear: Democrat Joe Biden is the winner of the Presidential race, but down ballot, the Republicans appear to have made important gains. We’re looking at the prospect of divided government – a Biden Administration with a Republican Senate and a Democratic House with a stronger minority. According to JPMorgan strategist Marko Kolanovic, this may be the best possible outcome.“A GOP …read more […]

Gold prices fell on Monday when news of the Pfizer-BioNTech coronavirus vaccine broke and investors turned their attention — and dollars — to the stock market, but the precious metal hasn’t lost… …read more […]

Joe Biden and Kamala Harris will be the next president and vice president of the United States. And President-elect Biden is wasting no time in making his agenda known.
It’s very similar to what he’s been speaking about during his campaign stops. Personally, I’m most interested in how he plans to handle climate change, renewable energy, energy efficiency and electric vehicles.
Together, these are referred to as clean technology, “greentech” or “cleantech.”
Cleantech touches many industries. But it’s defined primarily by sectors such as energy efficiency, energy generation, energy infrastructure and energy storage.
Lucky for us, these are sectors we’ve been following for years …read more […]

The launch editions of the electric R1T pickup and R1S SUV were priced at $75,000 and $77,500, with a 300 mile driving range on both vehicles. Rivian, which is backed by Amazon.com Inc and Ford Motor , said U.S. deliveries for R1T would start in June 2021, while the R1S deliveries would begin in August. …read more […]

But Wall Street wasn’t satisfied. Company shares fell more than 13 percent as a result. …read more […]

Plug Power (PLUG) is a strange sort of business. In more than 20 years of operation, the hydrogen fuel cell company has sold a lot of fuel cell systems, but never earned a profit, and never generated positive free cash flow. Instead, Plug funds its operations mainly by issuing and selling new shares — over and over again. In fact, from 2000 to 2020, Plug’s share count has grown from 4.4 million to 399.7 million — i.e. grown 90x in size.But what a difference a pandemic makes, and what a difference (the hope for) a Green New Deal!As COVID-19 unhinged …read more […]

C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945TORONTO, Nov. 11, 2020 /CNW/ – Manulife’s Board of Directors today announced a quarterly shareholders’ dividend of $0. …read more […]

Yahoo Finance’s Adam Shapiro, Seana Smith and Dan Roberts speak with FanDuel CEO Matt King about the future of legal sports betting. …read more […]

Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Global Partners’ dividend safety.
A Note From Chief Income Strategist Marc Lichtenfeld: Before we dive into today’s Safety Net, just a quick note to thank all of our veterans on this Veterans Day. I and everyone at Wealthy Retirement are deeply appreciative for all you have done. Thank you.
And now on to Safety Net…

A little more than a year ago, my colleague Kristin Orman wrote that the distribution of Global Partners (NYSE: GLP), a large owner of gas stations in the Northeast, could be in trouble if oil prices fell. …read more […]