Year: 2020

(Bloomberg) — Tesla Inc. secured its own lithium mining rights in Nevada after dropping a plan to buy a company there, according to people familiar with the matter.The automaker held discussions in recent months with Cypress Development Corp., which is seeking to extract lithium from clay deposits in southwest Nevada, but the parties didn’t reach a deal, the people said, asking not to be named because the information isn’t public. The electric car maker, which has vowed to slash its battery costs by 50%, instead focused on the plan that Chief Executive Officer Elon Musk outlined last week to dig …read more […]

Income Expert Marc Lichtenfeld gives a lesson on building wealth. He believes anyone can achieve a “rich” lifestyle by following a few simple guidelines.
Last week, my colleague Rachel Gearhart published an excellent article about how much money she will save over her lifetime because of lessons she learned with The Oxford Club, Wealthy Retirement‘s publisher.
There was one line that jumped out at me. She wrote…
Without a doubt, the knowledge I’ve gained here at the Club will add a few million dollars to my net worth by the time I retire.
I emailed her saying, “A few million dollars – you’re going …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 […]

VANCOUVER, BC, Sept. 28, 2020 /CNW/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the company is expanding manufacturing capacity for production of its proprietary membrane electrode assemblies, or MEAs – a critical component of every fuel cell – 6x by early 2021 at its headquarter facility in Vancouver. …read more […]

Some trends are subtle at first.
But their impacts turn out to be quite substantial.
For example, a couple of weeks ago, I pointed out something that I thought was very telling of our new normal.
I simply asked my co-workers: When was the last time you were sick?
Think about it.
I haven’t had the sniffles since 2019.
I can’t remember such a long stretch without even a minor illness.
I travel a fairly extensive amount. Before the pandemic, I routinely made my way through airports and ship terminals. I hopped in and out of airplanes, buses, cars, ships and trains (not while they were moving, …read more […]

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th, when the S&P 500 Index was trading around the […] …read more […]

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

Like President Donald Trump, rich Americans often deploy sophisticated tax avoidance strategies to maximize their wealth. Here are a few. …read more […]

President Trump reportedly paid no taxes some years. See how to cut your own tax bill. …read more […]

Palantir is set to make its debut on the public markets on Tuesday. Here’s what you need to know about the secretive big-data company and what its does. …read more […]

The tax-avoidance strategies that President Donald Trump capitalized on to shrink his tax bill to essentially zero are surprisingly common among major real estate developers and other uber-wealthy Americans. U.S. tax law has long been kind to big real estate developers. …read more […]

On Monday, Morgan Stanley maintained its “equal-weight” rating on shares of Zoom Video, noting that it is starting to “lean more cautious as valuation prices perfection on achievement of current opportunity.” The Final Round panel discusses the call. …read more […]

With a price-to-earnings (or “P/E”) ratio of 20.6x Exxon Mobil Corporation (NYSE:XOM) may be sending bearish signals… …read more […]

Yahoo Finance’s Kristin Myers and Chris Vermeulen, TheTechnicalTraders.com Founder and Chief Market Strategist, discuss the latest market volatility. …read more […]

Bull or bear market, no investment is a sure thing. Especially in the current financial environment, which remains riddled with uncertainty, finding compelling plays can be challenging for even the most seasoned market watchers. However, this is not to say that investment opportunities with stand-out growth prospects can’t be found.Roth Capital research analyst Zegbeh Jallah pointed to the healthcare sector, in particular, as an area of the market worthy of investor attention.“Biotech had had a strong performance during the midst of the pandemic, and we expect it to remain so, largely driven by solid fundamental catalysts. This is supported by …read more […]