Year: 2020

If the study is successful, the companies could submit the vaccine for regulatory approval as early as October, putting them on track to supply up to 100 million doses by the end of 2020 and 1.3 billion by the end of 2021. Patients are each given two doses of the drugmakers’ vaccine to help boost immunity, so the first 100 million doses would vaccinate around 50 million people. “The initiation of the Phase 2/3 trial is a major step forward in our progress toward providing a potential vaccine to help fight the ongoing COVID-19 pandemic,” said Kathrin Jansen, …read more […]

Tesla Inc has launched a hiring spree in Shanghai with plans to bring on designers at its China studio and about 1,000 factory workers, job posts show, as the U.S. electric vehicle maker ramps up production in the world’s biggest auto market. The posts on the Tesla human resources department’s official WeChat account mark the first time the California-based automaker has looked to hire designers in China. Tesla said in January it planned to open a design and research centre in China to make “Chinese-style” cars. …read more […]

(Bloomberg) — Taiwan’s biggest stock is so hot it added $72 billion in just two days — equal to swallowing Goldman Sachs Group Inc. whole.Taiwan Semiconductor Manufacturing Co. rose as much as 9.9% in Taipei on Tuesday, extending a stunning rally that’s made it the world’s 10th largest company. The chipmaker is worth more than $410 billion, leapfrogging past U.S. giants Johnson & Johnson and Visa Inc. Daily stock moves capped at 10% in Taiwan’s equity market.It’s difficult to overstate the influence that TSMC wields on Taiwan’s financial markets. Making up almost a third of the local benchmark, it has …read more […]

…read more […]

…read more […]

(Bloomberg) — The U.S. Mint has reduced the volume of gold and silver coins it’s distributing to authorized purchasers as the coronavirus pandemic slows production, a document seen by Bloomberg shows.The Mint’s West Point complex in New York is taking measures to prevent the virus from spreading among its employees, and that will probably slow coin production there for the next 12 to 18 months, the document shows. The facility is no longer able to produce gold and silver coins at the same time, forcing it to choose one metal over the other, according to the document, which was presented …read more […]

…read more […]

…read more […]

Hyundai Motor Co , an early backer of hydrogen cars, has watched the electric rise of Tesla, including on its home turf. The South Korean company plans to introduce two production lines dedicated to electrics vehicles (EVs), one next year and another in 2024, according to an internal union newsletter seen by Reuters. Euisun Chung, leader of the Hyundai Motor Group conglomerate that also includes Kia Motors, has also held a series of meetings since May with his counterparts at Samsung, LG and SK Group, which make batteries and electronic parts. …read more […]

Gold has been on a tear…
In case you didn’t know, it is up 24% year to date – versus a flat S&P 500.
That alone has made gold one of the very best tradable asset classes on the entire market right now.
Yes, you heard me correctly…
Right now, gold is more tradable than tech stocks, the stay-at-home names, or even biotech and vaccine ETFs.
Now, I admit…
Never in a million years would I have thought I’d be saying these words.
After all, I’ve been trading for over 20 years – and gold has always been tricky for me.
But not anymore…
You see, in The War …read more […]

The U.S. Securities and Exchange Commission (SEC) has proposed a new 13F rule. Although the SEC encourages transparencies, this new filing rule would do the complete opposite. Chief Income Strategist Marc Lichtenfeld gives his opinion and explains how it will hurt investors.
When was the last time anything good came out of Washington?
Anytime I see a news story with a Washington dateline, I think, “Here we go, this is going to ruin my day.”
Amid the chaos we are experiencing these days, the Securities and Exchange Commission (SEC) has quietly proposed a rule that will be harmful to investors. No one seems …read more […]

Gordon Johnson, GLJ Research’s Founder and CEO, joined Yahoo Finance’s The Final Round to discuss his outlook on Tesla and why the company’s demand in China may not be what it seems. …read more […]

Stock futures opened slightly higher Monday evening, with developments on the Covid-19 vaccine front, stimulus talks in Washington and corporate earnings results front and center. …read more […]

(Bloomberg) — Intel Corp. ousted Chief Engineering Officer Murthy Renduchintala after the chipmaker failed to keep up with the latest manufacturing advances.The executive will leave Aug. 3, and his organization will be split up and led by other leaders. Intel said it was making the changes “to accelerate product leadership and improve focus and accountability in process technology execution,” according to a statement.When Renduchintala joined Intel more than four years ago, he was lauded as someone with the experience needed to upgrade Intel’s design efforts. He was later promoted to his current position, which added responsibility for manufacturing, a key …read more […]

…read more […]