CureVac, an unlisted German company, has said it is developing transportable, automated mRNA production units that it calls printers. It is also building a new stationary site that could increase its output tenfold to billions of doses. …read more […]
(Bloomberg) — Oil rose for a second day as a bigger-than-expected draw in American crude stockpiles and plunging output from OPEC producers outweighed nervousness about a coronavirus resurgence in the U.S.Futures in New York edged above $40 a barrel after rising 1.4% Wednesday as the Energy Information Administration reported U.S. inventories shrunk by 7.2 million barrels last week, the most this year. Sentiment was also aided by a survey showing OPEC output fell to the least since 1991 last month.The coronavirus continues to run rampant through the world’s largest economy, with cases surging in California, Texas and Florida, the three …read more […]
U.S. pipeline company Energy Transfer has taken the rare step of invoking force majeure – normally used in times of war or natural disaster – to prevent oil firms from walking away from a proposed expansion of the controversial Dakota Access pipeline, according to two sources familiar with the matter. Energy Transfer wants to nearly double the size of the line, and some companies that signed up say it is no longer necessary due to the sharp fall in U.S. oil production after the coronavirus pandemic. DAPL is the largest pipeline running out of North Dakota’s Bakken shale …read more […]
Progress towards a COVID-19 vaccine and positive EU and U.S stats provided support early on. U.S Nonfarm payrolls and jobless claims are in focus later. …read more […]
The Federal Aviation Administration and Boeing Co have completed certification test flights on the 737 MAX, a key milestone toward the plane’s return to service, the U.S. regulator said on Wednesday. The MAX has been grounded since March 2019 after two fatal crashes in five months killed 346 people. “The agency is following a deliberate process and will take the time it needs to thoroughly review Boeing’s work,” the FAA said. …read more […]
Jul.01 — IBM Cloud Senior Vice President Howard Boville explains IBM’s cloud expansion to Daimler. He speaks with Caroline Hyde on “Bloomberg Markets.” …read more […]
(Bloomberg) — China’s tycoons are flooding Hong Kong’s exchange with $20 billion worth of new listings.While the city’s rich are preparing for a worst-case scenario amid a controversial national-security law, major mainland billionaires are coming in. The latest to do so: William Ding of NetEase Inc. and JD.com Inc.’s Richard Liu, whose companies completed secondary listings there last month. They follow Jack Ma, whose Alibaba Group Holding Ltd. stock issuance in November was the city’s largest since 2010.Together, the three moguls’ firms have raised $20 billion from share sales in the former British colony, and that may be just the …read more […]
Tesla Inc (NASDAQ: TSLA) is expected to announce second-quarter delivery numbers within the next two days.In a leaked email on June 29, Musk told employees the company was close to “break even.” Now, CNBC reports of a new leaked email in which Musk congratulates employees on a job well done.”Just amazing how well you executed, especially in such difficult times. I am so proud to work with you!” Musk wrote.Why It’s Important: The pandemic and ultimate shutdown of California businesses was hard on Tesla, leading the CEO to make some rather controversial tweets on the matter. The company was finally …read more […]
(Bloomberg) — Colin Huang stepped down as chief executive officer of Pinduoduo Inc. after building the five-year-old startup into a force in China’s e-commerce industry and, in the process, becoming one of the country’s richest people.He’s turning the role over to Lei Chen, another founder at the Shanghai-based company, effective immediately, PDD said in a letter to employees posted on its website. Huang, 40, will remain chairman.“I hope that through the management changes, we can gradually hand over more managerial duties and responsibilities to our younger colleagues, give space and opportunities for the team to grow, and drive Pinduoduo to …read more […]
Posted by OFX AUD – Australian Dollar The Australian dollar advanced through trade on Wednesday, extending moves above 0.69 US cents following a risk on move driven by news Pfizer and BioNtech’s early trial of a COVID19 vaccine has shown promising results. Having traded sideways for much of the domestic session the … Continue reading “AUD creeps higher on promise of COVID19 Vaccine”The post AUD creeps higher on promise of COVID19 Vaccine appeared first on . …read more […]
The alarming surge of new coronavirus cases could mean the market is on track for another extended period of volatility and uncertainty, making it very difficult to predict when any sense of normality will resume.Yet, if any company has shown how to catch the curveball thrown by COVID-19, it is e-commerce giant Amazon (AMZN).Monness’ Brian White — Amazon’s biggest bull on Wall Street — believes the company provides “key capabilities, vast global infrastructure and financial strength necessary to support the needs of people and organizations around the world, while also positioning the company as a major beneficiary of accelerated digital …read more […]
On Monday, my business partner, Bryan Bottarelli – one the best traders in the market today – announced a new Tradingmaster class.
This free class will teach you his trading secrets… how he took the skills he learned as a professional trader in theApple computer trading pits of the Chicago Board Options Exchange and went on to build a multimillion-dollar fortune.
He will show you how a simple chart pattern can help you make thousands of dollars every day.
I guarantee you will walk away with trading information that will help you in the markets every single day.
So don’t delay. Click here to …read more […]
Investors took tech stocks to new records despite rising coronavirus infections. …read more […]
Geneva Long, Bowlus Road Chief Founder & CEO, joined The Final Round to discuss the luxury RV travel industry and the surge in RV inquiries the company has seen over the past few months due to COVID-19. …read more […]
(Bloomberg Opinion) — What’s more perplexing, a company that can’t seem to avoid due diligence failures, or one that throws its name behind a controversial partner without putting in a dime? Investors in SoftBank Group Corp. may have seen a bit of both. Now, its entanglement with Wirecard AG leaves shareholders wondering exactly what kind of business they’ve been sinking their money into.Over the past year, SoftBank’s $80 billion startup splurge has quickly unraveled, as WeWork imploded and the initial public offering of Uber Technologies Inc. fell flat. But unlike WeWork, Wirecard won’t force SoftBank to write down any assets …read more […]
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