Year: 2020

The deal for ChargePoint could value the company at more than $2 billion (1.54 billion pounds) and be announced as early as next week, the sources said, cautioning that talks could still collapse and terms may still change. ChargePoint declined to comment. Switchback did not immediately respond to requests for comment. …read more […]

The post This 9% Yield Will Get Cut – and That’s OK appeared first on Investment U. …read more […]

The post This 9% Yield Will Get Cut – and That’s Okay appeared first on Investment U. …read more […]

If anyone is looking for a successful cannabis story in 2020… look away now. Aurora Cannabis (ACB) continues its relentless search for the bottom as the long-awaited shift in sentiment has failed to materialize. Shares are once again under pressure and lost close to 70% year-to-date.The latest setback can probably be blamed on several pieces of underwhelming news. Last week, the Canadian cannabis producer provided investors with a business update and it is safe to say the news did not give long-term suffering ACB holders any cheer.In tandem with now expecting fourth-quarter net revenue to be down from the C$78.4 …read more […]

(Bloomberg) — Richard Branson is the latest billionaire to join the blank-check listing party after he sold his space tourism business to one.VG Acquisition Corp. filed Wednesday to raise $400 million in a special purpose acquisition company, or SPAC. The company plans to sell 40 million units at $10 apiece, according to its filing with the U.S. Securities and Exchange Commission.The company said it would look at a host of businesses to target for a merger. The possibilities could be as varied as travel, financial services, music and renewable energy. it said.Branson, founder of the VG Acquisition, sold Virgin Galactic …read more […]

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– Ryan Fitzwater, Associate Publisher

Just like you…
Whenever …read more […]

Christopher Nolan may be the best superhero movie director ever (my opinion only). But, when it comes to saving movie theaters during a global pandemic, he may not quite be the hero we need. And AMC Entertainment Holdings Inc (NYSE: AMC) may pay the price for that.
Nolan’s new film, Tenet, may be the blockbuster of the year, but when the blockbuster of the year has only grossed $29 million domestically to date, that’s, well… not great.
Meanwhile, AMC stock has been declining over the past week. While shareholders were hoping for a blockbuster boost from Tenet, it seems that movie season …read more […]

(Bloomberg) — Oracle Corp. will get full access to review TikTok’s source code and updates to make sure there are no back doors used by the company’s Chinese parent to gather data on the video-sharing app’s 100 million American users, according to people familiar with the matter.TikTok parent ByteDance Ltd. and Oracle submitted these details in their proposal to the Trump administration with a goal of averting an outright sale of the app or a shutdown of its U.S. operations set to take effect Sept. 20. U.S. President Donald Trump has threatened to ban the app in a pair of …read more […]

The post This 9% Yield Will Get Cut – and That’s OK appeared first on Investment U. …read more […]

AllianceBernstein (NYSE: AB) is an investment management firm with $643 billion in assets under management. It offers mutual funds, closed-end funds, managed accounts, sell-side research, institutional trading and other services.
Based on the current quarter’s distribution, it yields a robust 9%. But can this respected finance firm maintain its distribution?
The simple answer is “probably not.” But not because it’s experiencing financial difficulty.
AllianceBernstein has a variable distribution policy. The company is set up as a partnership, so it pays a distribution, not a dividend.
As you can see, over the last 10 years, the quarterly distribution has ranged from a low of $0.12 …read more […]

Today, the world is in the midst of an incredible energy transition. I call it the “Energy Disruption Triangle.”
I’ve been so fascinated by it that I wrote a book by the same name. I saw this coming a decade ago.
This transition is obeying my Three Laws of Technology.
The first is “Technology marches on.” No matter what is happening around us – recessions, depressions or even pandemics – technological change is inevitable and continues to happen.
My second law is “When it comes to technology, change happens much faster than anyone expects it will.” Just look how fast smartphones went from an …read more […]

No matter how you slice it, the end result of “Mulan’s” digital release is a whole lot of cash for Disney+. …read more […]

(Bloomberg) — President Donald Trump said he’s not happy with what he’s heard about the terms of Oracle Corp.’s bid for the Chinese-owned video app TikTok but added he won’t be briefed on details until Thursday morning.“Just conceptually, I can tell you I don’t like that,” he said after a reporter told him that TikTok’s Chinese owner, Bytedance Ltd., would retain a majority of the company’s assets, with Oracle acquiring a minority stake.“I’m not prepared to sign off on anything,” Trump said, adding that he needs to hear more details of the proposal.Top Trump administration officials have raised concern that …read more […]

(Bloomberg) — Snowflake Inc.’s initial public offering isn’t just creating new fortunes, it’s adding to the wallets of some of Silicon Valley’s biggest names.Iconiq Capital, a multifamily office whose clients include Facebook Inc.’s Mark Zuckerberg, LinkedIn Corp.’s Reid Hoffman and Twitter Inc.’s Jack Dorsey, took part in multiple Snowflake funding rounds beginning in 2017. Its 12% stake in the company, purchased for $245 million, was worth more than $4 billion at the initial offering price of $120. By the end of Wednesday, the same stake was worth a staggering $8.6 billion.Read more: Snowflake soars into tech big leagues with $73 …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]