Year: 2020

(Bloomberg) — Elon Musk’s Tesla Inc. is “very close” to developing fully autonomous vehicles and could work out the basics of that technology as soon as this year, he said in a prerecorded video played during the World AI Conference in Shanghai.Musk reiterated that the electric vehicle maker has solved most of the essential challenges toward achieving Level 5 autonomy, or a fully self-driven automobile that needs no human behind the wheel. The Tesla and SpaceX chief was reaffirming a goal first expressed in 2019.“I’m confident that we will have the basic functionality of L5 autonomous driving this year,” Musk …read more […]

U.S. legacy airlines with lackluster employee demand for early exit packages face large furloughs in the fall, signaling higher post-pandemic labor costs because union contracts require airlines to furlough in reverse order of seniority. This could create a competitive boost for budget carriers including Southwest Airlines, whose lower cost structure could help it win market share with cheaper fares, experts said. With no quick recovery in sight, United Airlines said Wednesday it was sending 36,000 furlough warnings to union workers, nearly half its staff, after having received only 3,700 volunteers for early exit deals. …read more […]

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A construction crew arrived at our farm at the crack of dawn last Thursday. By 3 p.m., the crew was gone.
In its dust, it left a brand-new 10-kilowatt (kW) solar array…
Behind it is our 8-year-old existing 10-kW array. The old array has 48 solar panels while the new one has only 28.
Both arrays generate the same amount of solar power. So why does one have more panels than the other?
The new panels are slightly bigger, but the real difference is panel efficiency.
The old panels are 17% efficient while the new ones are 22.2% efficient. That’s 31% more power per panel.
But …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 […]

Diversification is a tried-and-true strategy when investing in stocks. Drug maker Sorrento Therapeutics (SRNE) is applying the same thought process in its battle against the coronavirus. The multi-pronged approach involving a search for antiviral therapies, a vaccine and the production of testing kits, has paid off handsomely in the market, with the stock appreciating by 115% year-to-date.Last week, Sorrento revealed more positive details from its COVID-19 vaccine program’s progress. In a pre-clinical trial, the company’s candidate, T-VIVA-19, was able to generate neutralizing antibodies in 80% of mice injected with the vaccine, and thus completely prevent cells from being infected with …read more […]

Over the past few months, Aurora Cannabis (ACB) has taken several steps to enact a U-turn for its ailing business. Along with a reverse stock split to ensure it remains listed on the New York Stock Exchange, it has closed some of its smaller facilities, as well as put the brakes on the construction of two new sites.Another move has been to acquire Reliva, which has given it access to the U.S. CBD space. That acquisition brought with it Reliva’s CEO, Miguel Martin, who Aurora has just appointed as its new Chief Commercial Officer.Weighing in on the appointment, Jeffries analyst …read more […]

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A Note From Marc: As many of you know, I recently started a YouTube series called State of the Market.
Last week, I dedicated an entire video to what I call “Forever Dividend Stocks.”
In it, I reveal how to generate enough passive income in retirement that you never have to touch your initial investment.
Click here to watch it.

This was the oddest Fourth of July I’ve experienced since I lived in San Francisco many years ago. At that time, we sat on some rocks overlooking the Bay, trying to watch fireworks in the pea soup thick fog and saying to each other, …read more […]

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The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

Victoria Fernandez, Crossmark Global Investments Chief Market Strategist, joined The Final Round to give her outlook for the market and her outlook for second quarter earnings. …read more […]

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Below, Investment U’s Technical Options Expert, Bryan Bottarelli, takes a look at the best COVID Vaccine Stock available today.
It seems pretty logical…
You want to own the company that’ll manufacture and supply the United States (and perhaps even the world) with the COVID-19 vaccines, right?
The gains could be enormous – especially on the day that this world-changing news gets announced.
But the problem is…
How do you identify and invest in the one COVID vaccine stock that’ll emerge as the winner?
A simple Google search shows that 23 of the world’s largest biotech and pharma companies are actively working on coronavirus treatments or vaccines.
You …read more […]