Year: 2020

Ballard Power Systems Inc. (TSE:BLDP) just released its latest quarterly report and things are not looking great. It… …read more […]

(Bloomberg) — After a frenzy of vaccine optimism lifted global stocks to a record and sent havens into a tailspin, some strategists said the moves may have gone too far and that tough questions remain unanswered.News that the inoculation developed by Pfizer Inc. and BioNTech SE was more than 90% effective in preventing Covid-19 infections sparked a flood of bets Monday on stocks such as cruise operators and airlines that have struggled during the pandemic. Refuges such as Treasuries, gold and the yen slumped.But experts said the shot still has hurdles to clear, adding questions about its production, distribution and …read more […]

The rejection follows vehement opposition from a consortium led by French billionaire Xavier Niel and Leon Bressler, the company’s former CEO. “We will need to study all possible alternatives to rapidly strengthen the group’s financial structure,” Chief Executive Christophe Cuvillier said on a call. Shareholders also approved three supervisory board appointments put forward by the rebel consortium – namely Niel, Bressler and Catalan businesswoman Susana Gallardo. …read more […]

(Bloomberg) — A rally in global stocks stalled in Asian trading Tuesday amid concern that a promising coronavirus vaccine study still has hurdles to clear. Bonds and other haven assets steadied after overnight declines.Shares pared gains in Japan, Hong Kong and Australia, while Chinese stocks fell. S&P 500 futures fluctuated and European contracts dipped. Risks such as the outlook for fresh U.S. fiscal stimulus, surging coronavirus cases and legal challenges to the U.S. election outcome also weighed on sentiment.Earlier, the S&P 500 closed at a two-month high on news the coronavirus shot being developed by Pfizer Inc. and BioNTech SE …read more […]

Pandemic-hit Norwegian Air could run out of cash in the first quarter of 2021 unless it secures fresh funding, the budget carrier said while reporting third-quarter results on Tuesday. The company’s share price has fallen by 99% so far this year. …read more […]

(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 […]

…read more […]

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 […]