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Stocks

“Nikola shares pop as much as 53% after General Motors takes 11% stake in electric truck maker”

September 8, 2020

“Shares of Nikola surged Tuesday after General Motors announced it’s taking an 11% stake in the electric truck maker and will produce its marquee hydrogen fuel cell electric pickup truck the Badger by the end of 2022. Shortly before the opening bell, Nikola shares… Continue Reading…

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Stocks

“Brent Crude Tumbles Below $40 in Wake of Souring Demand Outlook”

September 8, 2020

“Crude in London tumbled below $40 a barrel for the first time since late June in the wake of faltering demand and weaker equities dampening market sentiment. Brent futures tumbled as much as 5.3% to $39.77 a barrel on Tuesday.… Continue Reading…

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Banking

“Money Markets Have a $750 Billion Problem in Zero-Rate World”

September 8, 2020

“A $750 billion industry still struggling to bounce back from the last crisis is cracking under the Federal Reserve’s lower-for-longer mantra on U.S. interest rates. Prime money-market funds — a long-time favorite for anyone seeking a cash-like investment with a… Continue Reading…

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Predictions, Opinions, & Comments

Business Tip: Know When To Capitalize, Know When To Push

September 7, 2020

One of the keys to success is to know when you’re on a roll or not. What I’m about to say go for both business owners and salesmen. Once you get momentum do not slow down. Do more work. Put… Continue Reading…

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Stocks

“SMIC, China’s largest chipmaker, plunges 23%…”

September 7, 2020

“GUANGZHOU, China — Shares of Semiconductor Manufacturing International Corp (SMIC), China’s biggest contract chipmaker, plunged over 23% on Monday, after the U.S. government said it was considering putting export restrictions on the company.  The firm’s Hong Kong-listed shares plummeted by 22.88% to… Continue Reading…

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Business

“Samsung Wins $6.6 Billion 5G Verizon Deal While Huawei Struggles”

September 7, 2020

“Samsung Electronics Co. won a 7.9 trillion won ($6.6 billion) order to provide fifth-generation wireless solutions to Verizon Communications Inc. in the U.S., a big win for the electronics giant’s networking gear business. The contract was finalized Friday and is… Continue Reading…

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Economy

“U.S. productivity rises a record 10.1% in the second quarter”

September 6, 2020

“U.S. productivity rose at a 10.1% rate in the second quarter as the number of hours worked declined by the largest amount since the government started compiling the data more than 70 years ago. The Labor Department said Thursday that… Continue Reading…

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Business

“E-Cigarette Maker Juul to Cut Staff by 50%, Exit More Markets”

September 6, 2020

“E-cigarette giant Juul Labs Inc. could cut more than half its workforce, according to a person familiar with the company’s plans, while it weighs exiting more European and Asian markets, further signs of the once high-flying company’s deteriorating fortunes. Juul… Continue Reading…

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Stocks

“Billionaire Ken Griffin Snaps Up These 3 “Strong Buy” Stocks”

September 6, 2020

“AVEO Pharmaceuticals (AVEO)… Griffin is among those singing AVEO’s praises. Increasing its holding by a whopping 2,357%, Citadel bought up 383,720 shares in Q2. With the total position now landing at 400,003 shares, it is valued at $1,824,013… IDEAYA Biosciences… Continue Reading…

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Stocks

“DraftKings rallies 8% as Michael Jordan joins betting company…”

September 5, 2020

“Shares of DraftKings rose 8% on Wednesday after the company said Michael Jordan is joining the betting company as a special advisor to the board of directors.  Jordan, a member of the National Basketball Association Hall of Fame, will have an equity… Continue Reading…

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