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Eight electric pickup truck manufacturers to load up U.S. market by 2021

Tesla CEO Elon Musk and his spacy Cybertruck have ignited a frenzy over electric pickups, and at least seven other U.S. automakers expect to build new battery-powered trucks by 2021. Companies ranging from General Motors Co to startup Lordstown Motors Corp have said they plan to introduce electric pickups over the next two years, and are scheduled to build up to 250,000 a year by 2024, according to industry analysts. If demand falls that far short of production targets, “there are going to be a lot of auto execs crying in their beer,” predicts IHS Markit analyst …read more […]

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Teva, Drugmakers in Talks With U.S. to End Generics Probes

(Bloomberg) — Teva Pharmaceutical Industries Ltd. and other generic drugmakers have held talks with the U.S. Justice Department in the past six months about resolving a long-running criminal antitrust probe of alleged price-fixing by the companies, according to people familiar with the matter.Among the possible outcomes that have been discussed are deferred prosecution agreements in which the companies would admit to certain allegations but would be shielded from indictment in exchange for cooperating with the investigation and paying fines.Talks are being held with drugmakers individually, and any one or all of the negotiations could fail to result in an agreement, …read more […]

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Billionaire Ray Dalio Snaps Up These 3 “Strong Buy” Stocks

When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $150 billion in global investments and Dalio’s own net worth coming at $18.7 billion, he has earned guru-like status by taking the opinions of experts that disagreed with him into consideration.“I learned a great fear of being wrong that shifted my mind-set from thinking ‘I’m right’ to asking myself ‘How do I know I’m right?’ …read more […]

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5 Ways the Impeachment Hearings Might Impact Stocks

Few people have neutral feelings about the 45th president of the United States. People either strongly support the current commander in chief or disapprove of him and his administration with a religious fervor.
But however you feel about President Trump, one thing is undebatable: The impeachment hearings will have an impact on the U.S. economy and global markets.
What risk does this pose to your investment portfolio? Nothing is certain in the world of finance, but we spoke with experts and discovered five things to keep a close eye on as the proceedings advance.

5 Ways the Impeachment Hearings Might Impact Stocks
1. The …read more […]