Year: 2020

Optimism that vaccines are on the way to end the coronavirus pandemic has been a major factor in this year’s U.S. stock resurgence. A UBS analysis found that about 40% of the market’s gains since May can be pegged to hopes for vaccines to protect against COVID-19, which has killed over 960,000 worldwide and rocked the global economy. Global efforts to develop a vaccine are coming to a head, with late-stage data on trials by companies such as Pfizer Inc and Moderna Inc possible as soon as October or November. …read more […]

Walmart is getting into business lending — with some help from Goldman Sachs. …read more […]

Britain is assessing the impact of the sale of chip designer Arm to U.S. company Nvidia , including commitments to keep its head office and staff in Cambridge, Eastern England, digital minister Caroline Dinenage said. Nvidia, the biggest U.S. chip company by market capitalisation, has agreed to buy Arm from Japan’s SoftBank for $40 billion. …read more […]

China’s markets regulator said on Tuesday it has fined a group of 45 firms, including Luckin Coffee, a combined 61 million yuan ($8.98 million) for acts linked to Luckin’s falsification of financial records and misleading of the public. China’s finance ministry said earlier this year that Luckin booked 2.25 billion yuan of sales through fake coupons from April 2019 to end of 2019. The ministry’s investigation also found that Luckin inflated other figures including its revenue, costs and profit in that same period. …read more […]

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Monday dashed hopes surrounding the automaker’s ability to reach self-sufficiency in batteries until at least 2022.What Happened: Musk said on Twitter that the unveil at the event scheduled for Tuesday would affect long-term production especially of Semi, Cybertruck, and Roadster but “what we announce will not reach serious high-volume production until 2022.”The billionaire entrepreneur added that the automaker didn’t intend to phase out battery cell purchases from suppliers like Panasonic Corp (OTC: PCRFY), LG Chem Ltd (OTC: LGCLF), or CATL, as has been widely speculated.Instead, Musk estimates that even if the suppliers …read more […]

(Bloomberg) — The TikTok sale saga reached an apparent conclusion over the weekend when President Donald Trump approved a deal. The agreement would allow Oracle Corp. and Walmart Inc. to buy a minority stake in a new joint entity, called TikTok Global. “I have given the deal my blessing,” Trump said.But the harmony was short-lived. Just one day after Trump promised “no Chinese involvement,” TikTok owner Beijing-based ByteDance Ltd. said it would retain 80% control over the new company.By contrast, Oracle said that ByteDance would eventually relinquish its shares. In a statement to the Wall Street Journal, Oracle Executive Vice …read more […]

Many analysts and industry officials expected Musk to unveil battery improvements at the widely-anticipated event, extending the automaker’s lead over General Motors , Volkswagen and other rivals. In a tweet ahead of the event scheduled for Tuesday, Musk said: “This affects long-term production, especially Semi, Cybertruck & Roadster, but what we announce will not reach serious high-volume production until 2022.” Musk also said Tesla intends to increase battery cell purchases from suppliers Panasonic , South Korea’s LG Chem and China’s CATL , and possibly with other partners as well. …read more […]

(Bloomberg) — Apple Inc. Chief Executive Officer Tim Cook said he’s been impressed by employees’ ability to operate remotely and predicted that some new work habits will remain after the pandemic.During an interview at The Atlantic Festival on Monday, Cook said Apple created products including new Apple Watches and iPads that are launching on time this year, despite the need for most employees to work away from the office due to Covid-19.Cook said he doesn’t believe Apple will “return to the way we were because we’ve found that there are some things that actually work really well virtually.”The comments contrast …read more […]

mRNA specialist Moderna (MRNA) is among the leading players in the race to be first to market with a COVID-19 vaccine and the market has been kind in return. Overall, the stock is up 254% year-to-date. According to Needham analyst Alan Carr, the market is not the only space where Moderna is performing well. After attending last week’s virtual R&D day, the analyst is encouraged by the progress across the company’s clinical programs. Moderna has several vaccines and therapeutics in the pipeline, with a focus on infectious diseases, oncology and rare diseases. The company presented encouraging initial data from its …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.After acquiring a nearly 10% stake in GameStop — making him the video-game retailer’s biggest individual investor — Cohen disclosed on Monday that he is holding talks with management and several board members. Cohen’s firm, RC Ventures, has expressed willingness to get more involved with the company in order “to produce the best results for all …read more […]

Here’s a question for you…
Will you ever see a blockbuster movie in the theater again?
Most likely, that answer is yes.
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…
And if we act now, there’s a good chance we can profit off it.
You see, going forward, I think going to the movies will be a bigger eventthan it was before COVID-19.
In this new post-COVID-19 world, if you’re going to go through all the …read more […]

SMITHS FALLS, ON, Sept. 21, 2020 /CNW/ – Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) (“Canopy Growth” or “the Company”) today announced the voting results from its annual general and special meeting of shareholders held earlier today (the “Meeting”). …read more […]

Investing in property has been a well-known alternative to investing in stocks or bonds. One of the great benefits if you invest in property is that many investors are mortgage holders themselves. This gives them a sort of expertise in the asset already.
It’s also a good alternative to investments like annuities. That’s because you do not need to hold real etstate until a specific time to receive your principle back. This is another one of the benefits of investing in property.
So, the decision to invest in property may be right for you. However, how do you know the right …read more […]

Whole vs term life insurance: which one should you invest in? Income Expert Marc Lichtenfeld explains why he believes there’s a solid winner between the two.
It’s hard to believe it’s this time of year again. Where has the time gone?
No, I’m not talking about back to school, tight pennant races or the changing of the leaves.
It’s September, so that can mean only one thing – Life Insurance Awareness Month!
Do you have your decorations up yet?
I have been a life insurance customer for 20 years. After picking my jaw up off the floor, the first thing I did after my wife …read more […]