Year: 2020

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Sensor specialist AMS AG, which just closed the takeover of Germany’s Osram, said it expects its third-quarter revenues to grow around 20% versus the second quarter as demand from smartphone makers remains strong despite the pandemic. AMS, which generates a large chunk of its revenue with sensors for Apple’s iPhones, said revenue came in at $460.3 million and adjusted earnings before interest and tax (EBIT) reached $90.1 million in the three months through June. The adjusted EBIT Margin was at 20%. …read more […]

Tesla Inc Chief Executive Officer Elon Musk said on Tuesday that the company is open to licensing software and supplying powertrains and batteries. Tesla has previously supplied batteries to Mercedes and Toyota Motor under separate partnership deals. Battery manufacturing is an area that analysts and industry officials say the U.S. electric car maker has a competitive edge compared with legacy automakers. …read more […]

Tesla Inc Chief Executive Officer Elon Musk said on Tuesday that the company is open to licensing software and supplying powertrains and batteries. Tesla has previously supplied batteries to Mercedes and Toyota Motor under separate partnership deals. Battery manufacturing is an area that analysts and industry officials say the U.S. electric car maker has a competitive edge compared with legacy automakers. …read more […]

Apple Inc. (NASDAQ: AAPL) emerged as the fastest-growing smartphone maker on mainland China in the second quarter this year, as iPhone SE and iPhone 11 models led the company to register robust sales, according to Counterpoint Research data reported by CNBC Tuesday.What Happened The Cupertino-based company saw a sell-through volume of 7.4 million units for iPhones in the crucial Asian market in the quarter ended June, a growth of 32% year-on-year.Numbers from Shanghai-based CINNO Research separately indicate sales of iPhone spiked 62% year-on-year to 13 million units in Q2. This is a 225% increase over the previous quarter, according to …read more […]

The former camera maker moves into drug making and secures a major loan from the US government. …read more […]

Visa shares traded down nearly 2% after market hours. The quarter was the first to reflect how spending on Visa transactions was impacted for three straight months by coronavirus-related shutdowns. Visa said total payments volume decreased 10%, on a constant dollar basis, and the number of process transactions declined 13% from a year earlier. …read more […]

Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States decreased against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere. U.S. oil gained 14 cents, or 0.3%, to $41.18 a barrel, having dropped 1.4% in the previous session. Inventories of crude oil in the U.S. dropped by 6.8 million barrels last week to 531 million barrels, data from industry group the American Petroleum Institute showed on Tuesday. …read more […]

(Bloomberg Opinion) — Gold’s record run to almost $2,000 an ounce has burnished cash flows and driven a surge in shares of bullion producers. The rally provides a renewed test of discipline for Barrick Gold Corp. and peers after a similar climb a decade ago prompted a spate of inflated deals and overly optimistic investments that wasted billions.The 2020 redux isn’t being fueled by traditional demand: The China Gold Association says consumption in the world’s biggest buyer plunged by more than a third in the first half. Instead, it’s a combination of low bond yields, pandemic worries and institutional investor …read more […]

(Bloomberg Opinion) — Gold’s record run to almost $2,000 an ounce has burnished cash flows and driven a surge in shares of bullion producers. The rally provides a renewed test of discipline for Barrick Gold Corp. and peers after a similar climb a decade ago prompted a spate of inflated deals and overly optimistic investments that wasted billions.The 2020 redux isn’t being fueled by traditional demand: The China Gold Association says consumption in the world’s biggest buyer plunged by more than a third in the first half. Instead, it’s a combination of low bond yields, pandemic worries and institutional investor …read more […]

(Bloomberg) — When the coronavirus put a halt on people’s lives in China in February, Justin Jin’s old university classmates thought about selling face masks to make money. The 21-year-old suggested they instead try their luck with two stocks: Tesla Inc. and Tencent Holdings Ltd.That’s when Jin’s two friends began using the Futubull app, one of the Chinese platforms that allow mainland investors to buy foreign equities. The decision paid off. Both stocks soared as part of a global rally that has enticed a wave of novice investors.“When I first started, there were only three or four friends who used …read more […]

(Bloomberg) — EBay Inc. raised its profit and sales forecasts for the year, but the new outlook disappointed investors who hoped the digital marketplace would take greater advantage of the surge in consumer spending during the pandemic. Shares declined as much as 6% in extended trading.The market reaction suggested investors are worried the spending bump on EBay could be fleeting as economies reopen and people return to work. A drop in federal stimulus money, which could trigger a pullback in consumer spending, is another concern, analysts said. Spending among EBay’s U.S. customers grew 35% in the second quarter, while international …read more […]

MacKenzie Scott, ex-wife of Amazon.com Inc’s billionaire Chief Executive Jeff Bezos, has donated $1.7 billion of her wealth in the past year to causes including racial equality, LGBTQ rights, public health and climate change, she said in a blog post on Tuesday. Scott, who was previously known as MacKenzie Bezos, also announced her new last name, which she said was taken from her middle name. Last year, Scott signed the Giving Pledge in a commitment to donate the majority of her fortune after her split from Bezos – the world’s richest man – left her with a …read more […]

Building wealth in your 40s is different than doing so in your 20s and 30s. It involves a new set of decisions: health, insurance and home ownership. But you should also continue to do the things you were already doing in your 20s and 30s.
Building wealth in your 20s largely involved starting your career. You needed to negotiate the best starting salary you could get. Generally, keeping your debt to a minimum was essential. Of course, being frugal and saving as much money as possible mattered, too. And starting to learn how to invest for retirement was crucial.
On the other …read more […]

Today’s newest Trade Talk Tuesdays answers one of the biggest questions for trading in today’s market…
What are the five best stocks to trade right now?
To answer that, I looked back at my War Room track record.
What I found was very surprising…
And also very, very profitable.
You see, there are five stocks that I’ve traded for fast, consistent profits… over and over again.
What are the five?
They’re all revealed in my newest video…
So let’s get after it! Click the link below…

For more information on picks like these, join me in The War Room!
P.S. Take Profits Alert! Our position on Anheuser-Busch (NYSE: BUD) is …read more […]