Year: 2020

Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Dan Ives of Wedbush Securities discuss Tesla’s Battery Day, and the fraud allegations against Nikola Founder Trevor Milton. …read more […]

Yahoo Finance’s Tech Editor Dan Howley joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss the latest developments surrounding TikTok. …read more […]

(Bloomberg) — Penn National Gaming Inc. shares rose as much as 4.5% in early trading Tuesday after Morgan Stanley said Penn’s minority owned Barstool Sportsbook betting app achieved a record 21,000 downloads per day in its first weekend, breaking DraftKings Inc.’s and Flutter Entertainment Plc’s FanDuel’s daily records.Preliminary data from market intelligence firm Sensor Tower show Barstool sportsbook app, which soft launched in Pennsylvania on Sept. 15, had 63,000 downloads in its first weekend, analyst Thomas Allen wrote in a note.That compares to DraftKing’s sportsbook downloads of just 4,000 during its opening weekend in New Jersey in Aug. 2018 and …read more […]

Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been vindicated, but the firm believes stocks can still climb higher.According to Goldman Sachs’ head of U.S. equity strategy, David Kostin, the S&P 500 could still hit 3,600 by the end of the year, and 3,800 by mid-2021, on the back of vaccine-related optimism and progress with the economic reopening. This would reflect gains of 10% and 16%, respectively, should …read more […]

(Bloomberg) — Ryan Cohen, the entrepreneur who built Chewy.com into a pet-supply giant and sold it for more than $3 billion, is now pitching GameStop Corp. on a lofty goal: becoming a true competitor to Amazon.com Inc., according to a person familiar with the matter.The video-game retailer’s shares jumped as much as 28% to $11.17 in New York trading Tuesday, after Bloomberg News reported Cohen’s plans late Monday. That’s the stock’s highest level since March 2019.After acquiring a nearly 10% stake in GameStop — making him the company’s biggest individual investor — Cohen disclosed on Monday that he is holding …read more […]

CALGARY, AB, Sept. 22, 2020 /CNW/ – Inter Pipeline Ltd. …read more […]

Approximately 3,600 global employees across the entire organization will be cut from the workforce. …read more […]

(Bloomberg) — Elon Musk tempered expectations for Tesla Inc.’s long-awaited battery day by cautioning that the company will unveil something that won’t be widely produced for two years.Tesla shares fell as much as 5.4% before the start of regular trading, paring massive gains over the last several months that were fueled in part by anticipation of the event. Musk said the information he’ll announce Tuesday will affect production of Tesla’s Semi, Cybertruck and Roadster models, all of which have been unveiled but are still in development.In another tweet early Tuesday, Musk warned of the “extreme difficulty” of scaling up production …read more […]

America’s 1 Cannabis Brand Now Available in 13 States NationwideWAKEFIELD, Mass., Sept. …read more […]

“The momentum that we saw in the second quarter accelerated into the third, leading to record performance for Carvana,” Chief Executive Officer Ernie Garcia said. A rebound in sales has seen major automakers scramble to ramp up production and boost inventories at dealerships. Carvana also said it plans to offer up to $1 billion in aggregate principal amount of senior notes, due in 2025 and 2028. …read more […]

VANCOUVER, BC, Sept. 22, 2020 /CNW/ – Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) (“Taseko” or the “Company”) is pleased to announce that its Florence Copper Project received overwhelming support at the public hearing held by the Arizona Department of Environmental Quality (“ADEQ”). …read more […]

WATERLOO, ON, Sept. 22, 2020 /CNW/ — BlackBerry Limited (NYSE: BB; TSX: BB) announced today that the United States Air Force has selected BlackBerry Spark® for their secure productivity needs. …read more […]

BP plc (NYSE: BP) has made it onto Stonewall’s 2020 Top Global Employers list. …read more […]

David Iben put it well when he said, ‘Volatility is not a risk we care about. What we care about is avoiding the… …read more […]

Partnership to expand distribution relationships to also bring Neptune branded products to marketLAVAL, QC, Sept. 22, 2020 /CNW/ – Neptune Wellness Solutions, Inc. …read more […]