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Elon Musk Takes to Twitter to Tout Telsa Batteries as California Burns

(Bloomberg) — Power grid down? No problem, says Elon Musk.As California girds for its fourth major intentional blackout this month, Tesla Inc.’s chief executive officer is again using the crisis to promote the company’s energy products.But don’t expect the systems to run an entire home, said Michelle Davis, an analyst at Wood Mackenzie Power & Renewables.“Tesla, like other solar companies, is taking advantage of this uptick in interest,” Davis said in an interview Monday. “Most solar-plus-batteries can only provide minimal services — just a few circuits in the home.”As California utilities cut off electricity in an effort to prevent wildfires, …read more […]

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Hedge Funds Have Never Been This Bullish On Sandstorm Gold Ltd. (SAND)

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have gone over 730 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

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UPDATE 1-'We know we made mistakes' on 737 MAX – Boeing CEO

Boeing Co Chief Executive Dennis Muilenburg will acknowledge on Tuesday before Congress that the aircraft manufacturer made mistakes after two deadly 737 MAX crashes killed 346 people, according to written testimony seen by Reuters. Muilenburg, who was stripped of his title as Boeing chairman by the board earlier this month, will then testify before the U.S. House of Representatives Transportation and Infrastructure Committee on Wednesday. …read more […]

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Ford to cut 450 jobs at Canada plant on Flex, Lincoln MKT production halt

Ford’s move to stop production of the crossovers comes as the company is expanding its truck and utility lineup and shedding passenger cars, except for its iconic Mustang sports car. “We will stop building the Ford Flex at the end of November. Lincoln MKT production ended earlier this month,” said Kelli Felker, manufacturing & labor communications manager at Ford. …read more […]

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NRC close to letting NextEra Florida Turkey Pt reactors operate for 80 yrs

The U.S. Nuclear Regulatory Commission on Monday moved a step closer to approving its first subsequent 20-year license to operate a nuclear power plant for up to 80 years for NextEra Energy Inc’s Turkey Point reactors in Florida. Specifically, the NRC staff issued a Final Supplemental Environmental Impact Statement in Florida Power & Light’s (FPL) application to operate its Turkey Point 3 and 4 units for an additional 20 years. The first operating license the NRC issues is for 40 years. …read more […]

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Everyone Is Googling CBD

Americans are now googling “cannabidiol” and “CBD” more than “exercise” and “veganism.”
The data comes from a paper published in the Journal of the American Medical Association. Researchers discovered searches for CBD and cannabidiol were flat until 2014. Then they spiked and have grown ever since.
The paper found cannabidiol and CBD searches increased 126% from 2016 to 2017 and 160% from 2017 to 2018. They’re expected to rise by 117% this year.
The increased search activity spanned all states, though searches in 2019 were higher in states that had legalized recreational marijuana.
Researchers compared CBD searches with searches for several health topics in …read more […]

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Apple reveals new airpods, price set at $249

Apple is unveiling noise cancellation and sweat resistance airpods. The airpods will be in stores October 30th and retail for $249. Yahoo Finance’s Adam Shapiro, Julie Hyman and Brian Sozzi discuss with Kevin Mahn, Hennion & Walsh Asset Management President & Chief Investment Officer. …read more […]

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Hart-Scott-Rodino Waiting Periods Sabotage Marijuana M&A

We’re fast approaching the holiday season.
It’s hard to believe Halloween is this week. Those decorations will quickly be discarded as we prepare for the consumer event that truly matters – the winter holiday shopping season.
‘Tis the season to splurge and bust our budgets.
And soon it will be the season of returns – that unwelcome time when we trudge all those unwanted gifts back for store credit.
That’s a fitting image to keep in mind for today’s article…
Merger Milestone Unlocked
Over the last couple of years, we’ve seen a number of major marijuana milestones.
Almost exactly one year ago, Canada became the first G7 …read more […]

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PG&E Gear Probed as Cause of Another Fire: California Update

(Bloomberg) — Much of California is without electricity, and hundreds of thousands have evacuated as violent windstorms fan wildfires across the state. PG&E Corp. has started restoring electricity to more than 3 million people blacked out this weekend in the state’s largest deliberate outage yet to prevent falling power lines from sparking more fires. But relief may be fleeting.Powerful winds are forecast to hit the state again Tuesday, prompting utilities to warn of more blackouts. All the while, fires are spreading north of San Francisco and near Los Angeles. Time stamps are New York time.PG&E Equipment Probed as Cause of …read more […]