Year: 2020

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Musk’s Tesla Benefited From Stimulus, But He Opposes More Now

July 24, 2020 admin Comments Off on Musk’s Tesla Benefited From Stimulus, But He Opposes More Now

(Bloomberg) — Elon Musk, whose Tesla Inc. was a major beneficiary of government stimulus in the wake of the last global financial crisis, has soured on the concept.The outspoken chief executive officer of both Tesla and U.S. government contractor SpaceX tweeted Friday that “another government stimulus package is not in the best interests of the people,” in his opinion.A decade before Tesla became the world’s most valuable automaker by market capitalization, the company survived the Great Recession by the skin of its teeth — in Musk’s own words — thanks in part to a $465 million federal loan to design …read more […]

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eToro: A Review of the Crypto Trading Platform

July 24, 2020 admin Comments Off on eToro: A Review of the Crypto Trading Platform

At the moment, you can only trade cryptocurrency on trading platform eToro in the U.S.
But that may soon change.
Founded in 2007, eToro is an international trading platform with both social and trading components, and is currently available in over 140 countries. The U.S. crypto platform, however, was only introduced in 2018. With this platform, you can trade a number of different cryptocurrencies, including Bitcoin.
Among the most popular cryptos available on eToro are Ethereum and Ripple, but there are many others available as well. And they can help you diversify your eToro portfolio.

What Is Cryptocurrency?
Cryptocurrencies are digital currencies that are stored …read more […]

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Apple Gets New Bear Call as Fundamentals ‘Can’t Support’ Rally

July 24, 2020 admin Comments Off on Apple Gets New Bear Call as Fundamentals ‘Can’t Support’ Rally

(Bloomberg) — Apple Inc. was started with an underperform rating at Wolfe Research, with the firm expressing a cautious view over the iPhone maker’s prospects just days before it is scheduled to report its third-quarter results.“We do not expect a 5G supercycle, argue against an independent services valuation, and do not consider Apple a stronger company on the other side of the pandemic,” wrote analyst Jeff Kvaal, who issued a $315 price target on the stock.Shares of Apple fell as much as 4% on Friday, although it pared much of that decline and last traded down 0.8%. The stock has …read more […]

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Chevron diversity ratio to improve as layoffs progress

July 24, 2020 admin Comments Off on Chevron diversity ratio to improve as layoffs progress

Like most of its peers in an industry struggling with the collapse of oil prices this year, Chevron is cutting spending, consolidating business units, and has asked some managers to reapply for their jobs. Figures from the end of last year show that less than a quarter of Chevron’s U.S. executives and senior managers were female, and only 22% were from ethnic minorities. …read more […]