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Shell confirms Singapore virus case, sends staff home after another scare

Shell said on Friday a contractor working at its Singapore refinery had contracted coronavirus, as the city state reported its biggest jump in new cases so far. The oil giant said earlier it had sent some staff home from its main office in Singapore after discovering another employee had been in contact with a carrier. Singapore on Friday reported 9 new cases of the virus, its biggest increase to date and bringing the total to 67. …read more […]

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Exclusive: Jet buyers back Boeing-Embraer deal as Airbus expands reach

Some of the world’s biggest aircraft buyers are urging the European Union to clear Boeing’s tie-up with Embraer, fearing Embraer’s commercial aviation business would struggle on its own now Airbus has swallowed its main competitor in regional jets. Airbus, Europe’s biggest planemaker, on Thursday increased its controlling stake in the A220 regional jet programme – Embraer’s main rival – as Canada’s Bombardier sold out of the project it had set up. …read more […]

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Analysts: 5G Ramp Provides Upside for These 3 Stocks

In 1982, the late Neil Peart wrote, with conscious irony, “constant change is here to stay.” The years since have only proved his insight, with the added twist that the true constant is the steady acceleration in the rate of change. And nowhere is that more evident than in the tech industry.The continuing shift to 5G digital is a perfect example. The new digital technology promises to thoroughly upend the cellular market, bringing in faster mobile internet connection times and download speeds, and clearer voice signals. The new tech has been available since 2017, and nationwide networks debuted in the …read more […]

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Solar and Wind Power Can’t Compete With Gas This Cheap

(Bloomberg) — This will almost certainly be a record-breaking year for the advance of solar and wind power across the U.S. The additions that are in progress or planned are significant enough to boost hopes for emissions-free electrical grids within a generation—if natural gas doesn’t get in the way.It just may. Gas is such a bargain that it’s being viewed less as a bridge fossil fuel, driving the world away from dirtier coal toward a clean-energy future, and more as a hurdle that could slow the trip down. Some forecasters are predicting prices will stay low for years, making it …read more […]

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Tesla Sold Shares at Steepest Discount It’s Ever Given Investors

(Bloomberg) — Tesla Inc. investors who got in on Thursday’s share sale received the steepest discount the electic-car maker has offered in its 10-year history as a public company.Tesla’s $2 billion secondary offering priced at $767 per share, 4.60% below Thursday’s closing price. That discount is over 10 times larger than Tesla’s last secondary offering in May, and quintuples the average discount given across its seven prior share sales.Read more: Tesla Money Raise Keeps $14 Billion Virtuous Circle RollingAn 83% run-up this year before the offering launched might have contributed to the more buyer-friendly pricing terms, not to mention recent …read more […]

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Nvidia shares surge on signs of machine learning boom

Brokerage Cowen & Company was the most bullish, raising its target by $85 to $325, higher than Wall Street’s median price target of $285.15 and Friday’s pre-market price of around $287. Analysts at Susquehanna said while they had expected the company to beat market consensus expectations thanks to the data center demand, they had never expected this kind of upside. “Nvidia’s dream-a-dream AI story is solidly back on track,” analysts from the brokerage said in a note to clients. …read more […]

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SpaceX IPO: Elon Musk’s Starlink Likely Going Public

Elon Musk is disrupting the market with innovative ideas. His company Tesla has long been thought of as the future of cars, leading the world to clean energy vehicles. But that’s not the only world-changing idea he’s created a company around. In 2002, Musk founded SpaceX. The company designs, manufactures and launches rockets and spacecrafts. But the big question isn’t if there will be a SpaceX IPO. It’s if investors can expect a Starlink IPO.

SpaceX IPO: What is Starlink?
Starlink is a project constructed by SpaceX. It’s a satellite constellation that will provide internet access. The goal is to “deploy the …read more […]

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Canopy Jumps 20% After Beating Expectations Across the Board

(Bloomberg) — Canopy Growth Corp. jumped 20% in pre-market trading after the world’s largest cannabis company by market value reported quarterly results that beat expectations across the board.Canopy reported a 62% quarter-over-quarter jump in net revenue to C$123.8 million, which was well ahead of the consensus estimate of C$105.4 million. Cannabis gross revenue rose 8%, and Canopy said it took top market share in the quarter ended Dec. 31, capturing 22% of Canada’s recreational pot sales.Its adjusted Ebitda loss of C$91.7 million was C$64 million narrower than the previous quarter, and beat the average analyst estimate of a C$110 million …read more […]