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Commerce Department Announces Deal to Reduce Russian Uranium Imports Over Long-Term; Key Step in Helping to Revive the U.S. Uranium Industry

Establishing Strategic Uranium Reserve Now Will Help Ensure U. Uranium Miners Can Benefit from the Agreement’s Long-Term RestrictionsLAKEWOOD, Colo. …read more […]

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The 5G Revolution Could Send These 3 Stocks Higher

Let’s face it: 5G is here already. The only remaining questions are, how long until it reaches full coverage, and how long until every smartphone and wireless user is switched over to the new networks. Those are serious questions, though, and investors interested in 5G will have their work cut out for them: locating stocks, divining the connection with the 5G rollout, and working out the right time to buy in.Wall Street’s analysts have been getting started on that task, reviewing the tech sector specifically with 5G connections in sight. The pros point out that gains from 5G will be …read more […]

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Millionaires Would Pay Up Under Biden Tax Plans, Study Shows

(Bloomberg) — Millionaires could see much bigger tax bills if Democrat Joe Biden is elected president in November, but levies on most households below the top income brackets would stay about the same as under President Donald Trump, an outside analysis shows.Biden’s tax proposals would have the top 0.1% of earners — those currently making about $3.3 million or more annually — paying a 43% rate on their income, according to the Penn Wharton Budget Model. That top group pays a rate of about 30.6% under Trump’s 2017 tax law, according to the report, which accounts for income, payroll and …read more […]

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Oil industry sounds alarm on coronavirus dent in demand

Persistent damage to the global economy from the coronavirus pandemic will hollow out demand for oil more than previously thought, major industry figures said on Monday. OPEC said in its monthly report that world oil demand would fall by 9.46 million barrels per day (bpd) this year, a decline sharper by 400,000 bpd than predicted in August. The producer club bumped up its forecast slightly for developed countries, but cut its outlook for Asian countries beyond China “on the back of a slowdown in economic activity due to the rising COVID-19 infection cases”. …read more […]

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Pfizer Poised for Drop After 31% Rally Amid Covid Vaccine Push

(Bloomberg) — Pfizer Inc.’s $48 billion gain in market value since late March, egged on by optimism for a successful Covid-19 vaccine, may soon hit a wall.Among the top three developers, Pfizer may be first to reveal late-stage results from its trials of tens of thousands of people with partner BioNTech SE. And if history is any guide, the shares may eventually head lower no matter what the data show.Goldman Sachs Group Inc. calls it the vaccine trade — where daytrading generalist investors pile into stocks developing treatments and vaccines for the disease, then flee shortly after results or updates …read more […]