Asian shares are likely to dip on Thursday after remarks by U.S. Secretary of State Mike Pompeo that Hong Kong no longer warranted special treatment under U.S. law reignited worries about worsening relations with Beijing.
What would you tell someone if they were to ask you, “Should I buy Micron (MU) right now?” For Rosenblatt’s Hans Mosesmann the answer is quite clear — the 5-star analyst sees this stock as a flower that keeps blossoming. In fact, Mosesmann goes as far as to consider Micron “one of our top 3 picks for 2020.” Following a chat with Micron’s MBU (mobile business unit) manager, Mosesmann cites some key takeaways which have only added to his bullish sentiment: * As 5G networks become more prevalent around the world, 5G phones will bring significant advances in performance …read more […]
Japan’s Nissan Motor Co will close its factory in Barcelona, resulting in the loss of about 2,800 jobs, Spanish newspaper El Pais reported, citing government and union sources.
Berkshire Hathaway’s (NYSE: BRK.A) (NYSE:BRK.B) owner Warren Buffett is the most popular investor who built his $89.9 billion net worth by investing in value companies. He was among the few who profited from the 2008 crisis. In the current Covid-19 crisis, he is holding a lot of cash as most companies are not prepared for […] …read more […]
Tesla Inc (NASDAQ:TSLA) stock is down by about 2%, although one analyst boosted his price target, saying the China growth story alone is worth $300 for the shares. Wedbush analyst Daniel Ives boosted his price target from $600 to $800 per share in a report issued today. Back in business Ives said Tesla took a big […] …read more […]
Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a “significant loss” days after it filed for bankruptcy protection.
U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened to shut down the platform he accused of stifling conservative voices.
Arizona on Wednesday filed a consumer fraud lawsuit against Alphabet Inc’s Google alleging that the company used “deceptive” and “unfair” practices to obtain the location data of users.
U.S. President Donald Trump will sign an executive order shortly regarding social media companies, a White House spokeswoman said on Wednesday.
U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery.
Exxon Mobil Corp shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday.
(Bloomberg) — Oil fell a second day after a report showing a jump in U.S. crude stockpiles raised fresh concerns over excess supply, while doubts are also creeping in over Russia’s commitment to maintaining production curbs.Futures in New York fell as much as 2.6%, adding to Wednesday’s 4.5% drop. The American Petroleum Institute reported that oil inventories rose by 8.73 million barrels last week, according to people familiar. If confirmed by government data on Thursday it would reverse two weeks of declines — an indication that record supply cuts are not draining a massive glut fast enough. Gasoline supplies also …read more […]
Billionaire investor Carl Icahn said on Wednesday he had sold his entire equity position in Hertz Global Holdings Inc at a “significant loss”, days after the car rental pioneer filed for bankruptcy protection.
Countries around the world are focused on mitigating the effects of climate change. And getting rid of greenhouse gases is fast becoming a top focus.
One of the quickest ways to lower pollution is to reduce fossil fuel burning. The nation’s transportation infrastructure is a great place to start, as it’s responsible for 29% of greenhouse gases.
But we can’t just stop burning oil and natural gas in a year or two…
We can, however, start burning less of them right now thanks to hydrogen gas.
When hydrogen is burned, it combines with oxygen. This reaction generates energy and heat. But that’s where the …read more […]
You’ve surely seen the news…
Brazil is quickly emerging as the next global COVID-19 hot spot.
The country now has the second-highest number of coronavirus cases in the world after the U.S. and far worse healthcare infrastructure.
But through it all, Brazilian President Jair Bolsonaro continues to dismiss the threat of the virus, saying that quarantines and lockdowns could have a worse impact on Brazil’s economy.
It’s shaping up to be a very dangerous situation in the coming days and weeks…
So that’s why I was quite interested when one of my researchers, we’ll call him B.D., approached me and suggested that I look into …read more […]
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