Year: 2020

Last week, I wrote about things to consider if you’re thinking about moving.
With urban violence, coastal storms and dryland wildfires, more and more people are saying, “I’ve had it.”
I had no idea that at the same time, The New York Times would run a thoughtful and significant piece about the coming mass migrations due to climate change.
Experts quoted in the piece cited rising sea levels and increased wildfires as the reasons for migrations into safer territory.
That got me thinking…
Moving is such a costly and time-consuming ordeal. What if we invested instead in creating livable alternatives in these high-risk areas?
[mw-adbox]
Unorthodox Options
As …read more […]

Top news and what to watch in the markets on Tuesday, September 29, 2020. …read more […]

(Bloomberg) — Economic confidence in the euro area improved for a fifth month, albeit at a slower pace as resurgent virus infections cast uncertainty over the outlook.A European Commission sentiment index rose more than expected in September, sending the euro to the highest level in nearly a week. Yet confidence remains more than 30% below its pre-crisis level and evidence is building that the steep rebound following the end of lockdowns has started to level off.Production expectations in industry, which initially bounced back sharply, have barely moved over the past two months, and the outlook for demand in services waned …read more […]

The head of Lufthansa-owned airline Swiss International will step down at the end of 2020, Swiss said on Tuesday, with a successor yet to be determined. “Thomas Klühr, who has been CEO of Swiss International Air Lines (SWISS) since 2016, has asked the SWISS Board of Directors to release him from his duties at the end of 2020,” Swiss said in a statement, adding Klühr would also step down from his role as chairman of Edelweiss Air, another Lufthansa flight operator. Lufthansa last week announced further cuts to its fleet and workforce along with a 1.1 billion …read more […]

Shares of LG Chem Ltd, which supplies batteries to Tesla Inc, climbed on Tuesday, after media said the U.S. electric vehicle maker was looking to acquire a stake in a battery unit the South Korean company wants to dispose of. “Tesla is said to be exploring taking up to a 10 percent stake in LG Energy Solution,” the Korea Times quoted an unidentified banking source as saying, in the U.S. firm’s quest for a stable supply of batteries. Tesla delivered 367,500 vehicles last year. …read more […]

Nokia has clinched a deal with Britain’s biggest mobile operator BT to supply 5G radio equipment, the Finnish company said on Tuesday, in one of the first major wins under new CEO Pekka Lundmark. The deal will make Nokia BT’s largest equipment provider and comes just months after Britain said it would ban China’s Huawei Technologies from next-generation 5G telecom networks. Nokia has won 63% of the BT contract, or about 11,600 radio sites, a source familiar with the matter said. …read more […]

Nokia has clinched a deal with Britain’s biggest mobile operator BT to supply 5G radio equipment, the Finnish company said on Tuesday, in one of the first major wins under new CEO Pekka Lundmark. The deal will make Nokia BT’s largest equipment provider and comes just months after Britain said it would ban China’s Huawei Technologies from next-generation 5G telecom networks. Nokia has won 63% of the BT contract, or about 11,600 radio sites, a source familiar with the matter said. …read more […]

Shares of Inovio Pharmaceuticals plunged 28.3% on Monday after the biotechnology company announced that the US Food and Drug Administration (FDA) halted the start of the Phase 2/3 trials of its COVID-19 vaccine. The stock dropped another 3.6% in Monday’s extended market session.Inovio (INO) said that the US regulatory body is seeking more information about its vaccine candidate INO-4800, including details of the delivery device used to inject genetic material into cells. The company stated that it would respond to FDA’s queries in October, after which the agency will have up to 30 days to make a decision.“This partial clinical …read more […]

Huawei Technologies has built up stakes in Chinese semiconductor companies and other tech businesses as the world’s largest telecoms equipment maker bolsters its supply chain in the face of pressure from the United States. Habo Investments, set up by Huawei in April 2019, has closed 17 deals for stakes in Chinese tech companies since August last year, public records show. The investment arm was established in response to what Huawei’s rotating chairman, Guo Ping, last week described as “suppression” by the United States after escalating restrictions that have cut off Huawei’s supplies of many overseas chips and effectively …read more […]

The leaders of the U.S. House Committee on Transportation and Infrastructure on Monday introduced bipartisan legislation to reform the Federal Aviation Administration’s (FAA) aircraft certification process in the wake of two fatal Boeing 737 MAX crashes. The Boeing 737 MAX has been grounded since March 2019 after two crashes in five months killed 346 people. Boeing did not immediately comment. …read more […]

Space Exploration Technologies Corp CEO Elon Musk revealed Monday that the company has plans to take its satellite broadband unit Starlink public, but not until the revenue growth is “smooth” and “predictable.”What Happened: Such an initial public offering would come “several years in the future” as the public market doesn’t “like erratic cash flow,” the billionaire suggested, adding a laugh.Musk added that whenever such an IPO happens, Starlink can be trusted to prioritize retail investors. “I’m a huge fan of small retail investors. Will make sure they get top priority. You can hold me to it,” the SpaceX CEO claimed.> …read more […]

(Bloomberg) — A meteoric rally in an Australian penny stock is fast unraveling after confounding not just market watchers but also the company’s CEO.BrainChip Holdings Ltd., an artificial intelligence-focused startup whose flagship product is yet to be made widely available for commercial use, saw its 2020 gains propel to 1,500% earlier this month. While concerns about overheating have seen the stock getting hammered since, its 709% advance year-to-date still makes for one of the best performances among technology names in Asia Pacific, according to data compiled by Bloomberg.“I was surprised about the peak” Louis DiNardo, BrainChip’s chief executive officer, said …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]

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As I’m sure you know, Amazon trades for more than $3,100 per share.
If you want to own 100 shares, you’re looking at dropping $310,000.
What’s a better way to own Amazon without taking out a second mortgage on your house?
In my view, one of the very best collections of stocks comes from an exchange-trade fund (ETF) called the Consumer Discretionary Select Sector SPDR Fund (NYSE: XLY)
For around $147 per share, here’s what you get:
I love this collection of companies.
It’s one of the strongest ETF baskets I’ve seen in quite a long time.
First and foremost, you’re getting one-quarter of your total investment …read more […]