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Why Spotify Technology (SPOT) Stock is a Compelling Investment Case

Rowan Street Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Fund posted a return of 43.2% for the quarter (gross), outperforming its benchmark, the S&P 500 Index which returned 20.5% in the same quarter. You should check out Rowan Street Capital’s top 5 stock picks for […] …read more […]

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Oxford-AstraZeneca Covid Vaccine Study Shows Dual Immune Action

(Bloomberg) — A coronavirus vaccine the University of Oxford is developing with AstraZeneca Plc showed promising results in early human testing, a sign of progress in the high-stakes pursuit of a shot to defeat the pathogen.The vaccine increased levels of both protective neutralizing antibodies and immune T-cells that target the virus, according to the study organizers. The results were published Monday in The Lancet medical journal.AstraZeneca shares rose as much as 10% in London but gave up much of gain to trade 0.6% higher as researchers cautioned that the results were preliminary. A positive outcome had been widely expected after …read more […]

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How to get out of the COVID-19 testing mess

The U.S. is testing more and more Americans for COVID-19, but Dr. Dara Kass, a Yahoo medical contributor and associate professor of emergency medicine at Columbia University, says additional testing is not the reason why cases are spiking. She speaks with Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Editor-in-Chief Andy Serwer. …read more […]

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Halliburton Rises on ‘Outstanding’ Cost Cuts After Frack Slump

(Bloomberg) — Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust.The Houston-based company posted $456 million in free cash flow during the second quarter, it said in a statement on Monday, and is charting a “fundamentally different course” after firing thousands of workers and slashing its dividend in recent months. The free cash flow number was more than double analysts’ forecasts. Shares rose more than 5% in early trading.The world’s biggest provider of fracking “inked simply outstanding results vs. expectations,” analysts at Tudor Pickering Holt & Co. …read more […]

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Protests in Russia’s Far East Challenge Putin

Mass demonstrations triggered by the arrest of a local governor in Russia’s Far East have grown into a wave of dissatisfaction over social and economic struggles and the rule of Vladimir Putin, despite the president’s recent referendum victory. Photo: Evgenii Pereverzev/Reuters …read more […]

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Silver Futures Step Out of Gold’s Shadow in Surge to 3-Year High

(Bloomberg) — Silver futures are latching on to gold’s rally, climbing above $20 an ounce to the highest since 2016 on rising haven demand and concerns about supply of the white metal.Gold and silver have surged this year as the coronavirus pandemic roiled the global economy, spurring sustained demand for havens even as some lockdowns were eased. The outbreak has yet to brought under control in many countries including the U.S., bolstering the case for holding the metals.At the same time, there are concerns over production. Of 275 disrupted mining operations globally, the most-impacted were gold and silver mines, according …read more […]