Articles by admin

Shareholders in Novavax, Inc. (NASDAQ:NVAX) may be thrilled to learn that the analysts have just delivered a major… …read more […]

Tesla Inc.’s (TSLA) CEO billionaire Elon Musk is reportedly asking employees to work hard to allow the electric car maker to break even in the second quarter.According to an internal email seen by Reuters, Musk is encouraging employees to quickly build and deliver vehicles at the end of the quarter to meet specific targets after production was disrupted due to restrictions tied to the coronavirus pandemic.“Breaking even is looking super tight,” Musk said in the Monday email. “Really makes a difference for every car you build and deliver. Please go all out to ensure victory!”Shares rose 5.2% to 1,009.35 at …read more […]

I was on a Zoom panel discussion last week to discuss current events. The moderator’s first question was “What should the definition of public health be?”
One panelist ventured forth with her answer: “Access and equity.”
When asked to define that, she was tongue-tied.
In the pregnant pause, I decided to weigh in with my typical hand grenade: “I don’t think public health is a government issue. The government has nothing to do with public health.”
Wow, that set things to blazing… especially since one of the panelists had a career at the Centers for Disease Control and Prevention (CDC), that font of pandemic …read more […]

The hit to Facebook by a new advertising boycott is overblown and presents a buying opportunity, according to hedge fund manager Dan Niles. …read more […]

Top news and what to watch in the markets on Tuesday, June 30, 2020. …read more […]

(Bloomberg) — Hedge funds that bought credit insurance on Wirecard AG debt are among those in line for a windfall of as much as $212 million after the disgraced German payments company filed for insolvency last week.A committee of traders meets on Tuesday to decide whether Wirecard has gone through a so-called bankruptcy credit event, triggering payouts to holders of credit-default swaps. These contracts are commonly used by hedge funds to make bets on a company running into trouble as well as by bond investors to hedge their exposure.Wirecard filed for court protection in Munich on June 25 after disclosing …read more […]

The oil giant says cheaper crude prices mean its assets are not worth as much as they used to be. …read more […]

Norwegian Air said it cancelled orders for 97 Boeing Co. (BA) aircraft and has filed compensation claims related to the grounding of the plane maker’s 737 MAX and the 787 engine issues.Shares dropped 3.1% to $188.50 in Tuesday’s pre-market trading. The Oslo-based air carrier terminated its purchase agreements of 5 Boeing 787 aircraft, 92 Boeing 737 MAX aircraft and the so-called GoldCare service agreements (BSG) related to the 787 and MAX aircraft.In addition, Norwegian said it filed a legal claim seeking the return of pre-delivery payments (PDP) and compensation for losses it incurred due to the grounding of the 737 …read more […]

(Bloomberg) — Royal Dutch Shell Plc will write down between $15 billion and $22 billion in the second quarter, as the company gave investors a wider glimpse of just how severely the coronavirus crisis has hit Big Oil.The pandemic left no part of the energy giant’s sprawling business unscathed. Oil production slowed, fuel sales fell and shipments of everything from liquefied natural gas to petrochemicals suffered.The dire second quarter also threatened to have a lasting legacy, as reductions in long-term price forecasts will force writedowns on the value of assets all over the world, with its integrated gas business taking …read more […]

Micron Technology Inc (MU) beat third-quarter sales estimates lifting shares up by almost 6% in Monday’s after-market trading as work-from-home and online learning trends boost demand for cloud data center and notebooks services.The stock rose to $51.95 in after-market trading after the U.S. memory chipmaker said that sales are also expected to remain strong in the second half of its fiscal year.In the third quarter ended May 28, Micron earned 82 cents per share on a diluted basis, which is above the 77 cents per share estimate by analysts. Revenue during the same comparative period rose 13.6% to $5.44 billion, …read more […]

Thousands of people were barred from using their cash cards because of the collapse of Wirecard. …read more […]

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Singapore’s central bank said on Tuesday that German payment company Wirecard’s local entities had informed it that they are assessing their ability to continue providing services in the city-state after their parent firm filed for insolvency. “Credit card payments at merchants using Wirecard’s services, as well as usage of pre-paid cards issued by Wirecard, will be affected if it ceases operations here,” the Monetary Authority of Singapore (MAS) said in a statement. There was no immediate response from Wirecard to a Reuters query sent outside business hours. …read more […]

Boeing Co began a series of long-delayed flight tests of its redesigned 737 MAX with regulators at the controls on Monday, hoping to win approval and rebuild its reputation after fatal crashes that toppled its leaders and grounded the jet worldwide. Pilots from the U.S. FAA and Boeing landed around 2:15 p.m. local time at King County International Airport, also known as Boeing Field, after a round trip to eastern Washington that included a high-speed system test and other maneuvers over about three hours. Reuters first reported the long-awaited certification test flights, scheduled over three days, were set …read more […]

(Bloomberg) — Here’s a list of companies that are planning to halt spending on social media. Some have joined a boycott of Facebook Inc. after critics accused the social network of inadequately policing hateful and misleading content on its platform:Starbucks Corp. — Pausing advertising on all social media platforms. Will post on social media without paid promotion.Microsoft Corp. — Paused global advertising spending on Facebook and Instagram because of concerns about ads appearing next to inappropriate content, according to a person familiar with the matter.Unilever Plc — Halting advertising on Facebook, Instagram and Twitter in the U.S. through Dec. 31.Coca-Cola …read more […]