Year: 2020

(Bloomberg) — A House panel led by Democrats investigating competition in the technology sector is poised to propose sweeping reforms to block giants such as Amazon.com Inc. and Apple Inc. from both owning marketplaces and selling their own products on them, according to a critique of the recommendations by one Republican member of the subcommittee.The critique and the panel’s report are still drafts and the contents of both could change. It’s not clear which members will endorse the report, whose release has been delayed because of last-minute information regarding Facebook Inc., CNBC reported earlier. The report was expected this week, …read more […]

2020 has been a wild ride for Inovio Pharmaceuticals (INO). Virtually unknown at the start of the year, investors’ enthusiasm for coronavirus stocks has seen the DNA vaccine specialist post year-to-date gains of 253%. Naturally, INO-4800, the company’s DNA COVID-19 vaccine candidate has acted as the main catalyst.But the program has come under duress recently, as a series of setbacks have raised questions whether Inovio can gets its vaccine across the finish line.First, the FDA dragged its feet with approval for the originally slated July/August initiation of a Phase 2/3 trial. But the situation got worse last month as the …read more […]

The past couple of weeks have been a roller coaster ride for Nikola (NKLA). Shares of the electric truck maker have plummeted following a damning report accusing the company’s founder Trevor Milton of making fraudulent claims and duping investors. Shares took another dive as Milton subsequently resigned from the company, leaving questions whether Nikola has any future without its notorious ringleader at the helm. But is a comeback in the cards? Last week the stock clawed back a hefty amount of the loss, gaining 36% in three consecutive sessions.A business update by management in which the company reiterated its plan …read more […]

(Bloomberg) — Apple Inc. has stopped selling headphones and wireless speakers from rivals including Sonos Inc., Bose Corp. and Logitech International SA as the company gears up to launch its own new audio products.The Cupertino, California-based technology giant has long sold third-party hardware on its website, one of the largest e-commerce operations in the world. All headphones and speakers from Bose, speakers from Logitech’s Ultimate Ears brand and Sonos’s latest smart speaker disappeared from Apple’s online store at the end of last month, according to checks by Bloomberg.Employees at Apple’s physical retail locations were also instructed to remove the products …read more […]

Technical Options Expert Bryan Bottarelli shares his favorite real estate stocks during the housing market boom. As the industry benefits from low interest rates post-COVID, these plays could be great investment opportunities.
Mark Twain once said, “Don’t wrestle with pigs.”
Why? That’s simple… “You both get dirty and the pig likes it.”
That’s exactly how I feel about today’s political news flow.
So instead of covering that mud bath, let’s shift our focus onto making money.
This leads directly into one of the hottest sectors around: homebuilders.
Now, I admit, when the COVID-19 pandemic first began in March, I would’ve never guessed that it would trigger …read more […]

(Bloomberg) — Elusive cybersecurity pioneer John McAfee was arrested in Spain for tax evasion in the U.S., the Justice Department in Washington said.McAfee is accused of failing to file U.S. tax returns from 2014 to 2018 and hiding assets including real estate, a vehicle and a yacht in the name of others, prosecutors said. An indictment returned in June was unsealed on Tuesday after he was taken into custody. He’s being held pending extradition, the Justice Department said.Prosecutors claim McAfee earned millions of dollars through the promotion of cryptocurrencies, speaking engagements, consulting jobs and the sale of the rights to …read more […]

The market initially fell on Friday on the news that President Trump is infected with COVID-19. Making the situation even more serious is that he’s in a high-risk group being overweight and 74 years old.
These kinds of events remind investors, especially those who have gotten spoiled by the long bull market, that stocks sometimes do go down.
But events that rock our world don’t always rock the market…

The attack on Pearl Harbor led to stock market losses that took a little more than seven months to gain back.
President Eisenhower suffered a heart attack while in office in 1955. The market slid …read more […]

After Monday’s close, Ford Motor Company (NYSE: F) reported a 7.6% ownership stake in Velodyne Lidar (NASDAQ: VLDR). Ford owns 13,065,444 shares of the newly public company.Velodyne Lidar recently merged with SPAC Graf Industrial Corp (NYSE: GRAF).What To Know: Ford became a partial owner in Velodyne Lidar back in 2016 alongside Baidu Inc (NASDAQ: BIDU), which together invested $150 million in the company. Baidu has not issued a 13G as of this writing.The 13G filing shows Ford did not sell any of their shares and added to their position. Ford was not subject to a lockup and was free to …read more […]

Moderna Inc (NASDAQ: MRNA)’s CEO said last week that it will not seek emergency use authorization for its coronavirus vaccine candidate mRNA-1273 before the Nov. 3 U.S. presidential election.Trial Enrollment Hits 94% Of Target: Moderna’s vaccine candidate is in a large-scale Phase 3 trial dubbed COVE with a target enrollment of 30,000 participants.About 28,043, or 93.5%, of the targeted participants have been enrolled into the study, Moderna said in a late Friday tweet.Of those people, 19,369 have been administered a second dose.> As of Friday, October 2, 2020, 28,043 participants have been enrolled in the Phase 3 COVE study …read more […]

September ended with a swoon.
The Dow Jones, the Nasdaq and the S&P 500 finished the month with declines. Their first monthly declines since March!
It’s been a fantastic, largely unfettered rally from the lows we saw earlier this year.
Investors are now starting to feel a little anxious. And there are plenty of headlines triggering clammy palms for traders.
So the question du jour is… Is this a “buy the dip” moment, or do we sit on the sidelines, happily nibbling on some pumpkin-spiced treat?
A Month of Scary Moves
October is home to one of my favorite holidays: Halloween.
But it’s not just ghouls and …read more […]

…read more […]

(Bloomberg) — Regeneron Pharmaceuticals Inc. climbed the most in more than three months on Monday after U.S. President Donald Trump received the biotech company’s antibody cocktail to treat Covid-19.President Trump’s treatment was the “ultimate validation” for Regeneron, according to SVB Leerink analyst Geoffrey Porges.Like Regeneron, Eli Lilly & Co. and AbCellera Biologics Inc. are developing an antibody therapy, not only as a treatment for the virus but also as a preventative. When used as a prophylactic, these products could be considered a passive vaccine as opposed to the active shots most people think of as a vaccine, Bloomberg Intelligence’s Sam …read more […]

Yahoo Finance’s Emily McCormick joins Kristin Myers to discuss JP Morgan’s new price target on Tesla. …read more […]

Note from Managing Editor Allison Brickell: We get a lot of questions about gold here at Liberty Through Wealth. So today we thought we’d bring in one of the “gold guys” – Rich Checkan, president and chief operating officer of Asset Strategies International. Rich always has his finger on the pulse of the precious metals market. He’s also one of The Oxford Club’s Pillar One Advisors. Oxford Club Members can find more information about Rich and his company here.

I was manning my exhibit booth at The Oxford Club’s Investment U Conference. It was the spring of 2009. After Alexander Green’s …read more […]

(Bloomberg) — Companies have been selling risky loans to fund payouts at the fastest pace in years. Harbor Freight Tools USA Inc., a discount tools retailer run by billionaire Eric Smidt, is the latest borrower looking to line its pockets.The company, which sells $7.99 wrenches and $8.99 plier sets, is seeking to borrow $3 billion in what will be its fifth such deal in the past decade, according to data compiled by Bloomberg.It plans to use some of the proceeds to refinance existing debt and the rest for a dividend, according to a person familiar with the matter. Credit Suisse …read more […]