No Picture
Trading Ideas

Global solar forecasts lowered as China cuts support policies

China’s unexpected move to slash incentives for solar power has sent stocks into a free fall and prompted analysts to lower forecasts for global installations this year amid expectations that a glut of excess panels would send prices tumbling. China announced on June 1 changes to the subsidies that has underpinned its rise to become the world’s largest solar market in recent years. IHS Markit, a market research firm, was preparing to lower its global solar installation forecast for this year by between 5 and 10 gigawatts, or up to …read more […]

No Picture
Trading Ideas

Tesla Model 3

Shares up after Elon Musk said the embattled automaker was “quite likely” to build 5,000 Model 3 sedans a week by the end of this month. Musk also said he sees second-half profit and cash flow based on that target, and reiterated that Tesla would not need to raise more capital. …read more […]

No Picture
Trading Ideas

Facebook confirms data sharing with Chinese companies

Facebook Inc (FB.O) said Tuesday it has data sharing partnerships with at least four Chinese companies including Huawei, the world’s third largest smartphone maker, which has come under scrutiny from U.S. intelligence agencies on security concerns. The social media company said Huawei Technologies Co Ltd (HWT.UL), computer maker Lenovo Group , and smartphone makers OPPO and TCL Corp were among about 60 companies worldwide that received access to some user data after they signed contracts to re-create Facebook-like experiences for their users. Members of Congress raised concerns after The New York Times reported on the practice …read more […]

No Picture
Trading Ideas

Stormy Daniels Says Her Former Lawyer Colluded With Michael Cohen

Stephanie Clifford, the adult movie star professionally known as Stormy Daniels, said her former lawyer colluded with Donald Trump’s long-term attorney Michael Cohen in a bid to make her lie about her alleged tryst with Trump. Keith Davidson represented Clifford in 2016 when Cohen paid her $130,000 to keep quiet about a sexual encounter she says she had with Trump in 2006. Davidson and Cohen exchanged a series of messages in January to have Clifford appear on Sean Hannity’s show and have her refute a 2011 article In Touch Weekly published that month, describing her encounter with Trump, …read more […]

No Picture
Trading Ideas

Tesla shares rise as Musk says Model 3 set to hit target

The move overturned around a third of the impact of a rocky few months for Tesla, which has seen shares fall by a quarter from a peak last September as it battled with production delays and reports of a series of car crashes. Speaking at the company’s annual shareholder meeting on Tuesday, Musk offered teasers for upcoming projects, welling up when he spoke of the company’s vehicles being made “with love” and said his production lines have demonstrated the ability to make 3,500 Model 3 vehicles per week. Tesla’s future profitability hinges on ramping up output of the …read more […]

No Picture
Trading Ideas

Trump declares primaries delivered ‘great night’ for GOP

With the prospect of a “blue wave” in the November elections, Republicans and Democrats appeared to have escaped embarrassment Wednesday after primaries across eight states. President Donald Trump cast the night as a win for Republicans. While some California contests remained too close to call, Republicans avoided disaster in the race for governor by nominating business executive John Cox to the November ballot. …read more […]

No Picture
Trading Ideas

Cambridge Analytica's CEO allegedly took $8 million from the firm before its closure

Former Cambridge Analytica CEO Alexander Nix allegedly withdrew more than $8 million from the British data firm before its collapse last month.The Financial Times, citing sources, reported that Nix took the cash shortly after media reports of Cambridge Analytica’s involvement in the Facebook data scandal.He is now in dispute with investors over returning the money, which was reportedly intended to help get successor data firm, Emerdata, off the ground.Nix told British lawmakers on Wednesday that the allegation in the FT article was “false.” …read more […]