The coalition of more than 30 state attorneys general called on the government to act or allow states to do so, saying in a letter to U.S. health agencies that Gilead “has not established a reasonable price” for remdesivir. “Gilead should not profit from the pandemic and it should be pushed to do more to help more people,” the letter said. …read more […]
(Bloomberg) — Autonomous driving engineer Anthony Levandowski was ordered to spend 18 months in prison for stealing trade secrets from Google as he defected to Uber Technologies Inc., in one of the highest-profile criminal cases to hit Silicon Valley.U.S. District Judge William Alsup in San Francisco imposed the sentence Tuesday after Levandowski pleaded for mercy and prosecutors said anything short of locking him up would render similar crimes by future engineers a mere cost of doing business. Alsup subtracted nine months from what government lawyers wanted, and said the engineer should serve his term only once the coronavirus has been …read more […]
(Bloomberg) — Gold’s scorching rally gathered more force, with prices driven higher into record territory above $2,000 an ounce as investors assessed prospects of more stimulus to combat the pandemic’s fallout, another slide in U.S. real yields and increased geopolitical risks.Bullion is up more than 30% this year, and could extend gains as governments and central banks respond to slowing growth with vast amounts of support. The haven’s allure as a store of wealth is strengthening as investors face the prospect of a long global recovery, and the debasement of fiat currencies, with banks including Goldman Sachs Group Inc. forecasting …read more […]
(Bloomberg) — Square Inc. second-quarter sales jumped 64% on increased online business activity and a surge in the number of people using the company’s peer-to-peer payment app.The San Francisco-based company said net revenue in the period ending June 30 was $1.92 billion, compared with $1.17 billion a year earlier. It lost 3 cents per share in the quarter.Square released the results a day ahead of schedule after Bloomberg News reported the revenue surge earlier on Tuesday. The stock jumped about 11% in extended trading.The pandemic, and the accompanying economic downturn, have hurt small businesses that rely on Square’s payments tools. …read more […]
Say goodbye to Phil Schiller’s excited talk and longing glances at the iPhone, as the Apple head of marketing transitions to Apple Fellow. …read more […]
Qualcomm (QCOM) ended July with a bang. The semiconductor giant saw out the month by posting an estimate beating FQ3 report. Exuberant investors sent shares up by a mighty 20% in the following sessions, resulting in Qualcomm stock notching a new all-time high.While the results bought in beat both for the top and bottom line, the Street’s most buoyant reaction was reserved for a surprise not reflected in the quarter’s balance sheet.The news Qualcomm had signed a long-term patent licensing agreement with Chinese telecom giant Huawei sent ripples of excitement across the Street. Add into the mix the $1.8 billion …read more […]
As TikTok — one of the hottest names in social media — scrambles to stay alive in the U.S., could the federal government extract a cut for a possible deal? …read more […]
Yahoo Finance catches up with Planet Fitness CEO Chris Rondeau moments after his second quarter earnings release. Here’s is what he said about the future of gyms. …read more […]
Whether you want huge profits or pure entertainment… today’s Trade Talk Tuesdays video has it all.
You see, I’m coming to you on location – from my vacation spot in Nantucket.
So in the spirit of embracing the East Coast lifestyle…
Put on your boat shoes, pop your collar and see why this $19 stock should continue handing you fast profits.
With a pink shirt that’ll make anyone jealous, I’m bringing you my special Trade Talk Tuesdays -Nantucket edition!
For more insights on picks like this, join me in The War Room now!
The post This $19 Stock Continues to Print Money appeared first on Investment …read more […]
Rates go deep below 3% as the virus gives investors more to worry about. …read more […]
(Bloomberg) — The world gawked two years ago when Apple Inc.’s market value crossed $1 trillion for the first time. But the feat was less noteworthy when viewed from another perspective: relative size.That’s because, even with a 13-digit price tag, Apple’s place among its peers in August 2018 wasn’t unprecedented — it had gotten bigger, but so had the whole market. As a result, its weighting in the S&P 500 remained comparable to past titans in their heyday, such as Exxon Mobil Corp. and IBM Corp.Almost $900 billion worth of market cap later, that’s changing: Apple’s stock market heft has …read more […]
On airplanes, they ask that you keep your seat belt fastened at all times, including when the fasten seat belt sign is turned off.
If the stock market were an airplane, it would be wise to follow that advice for the next several months.
The captain may not have turned on the seat belt sign yet, but things may get bumpy again.
In March, the stock market hit some of the worst turbulence that we have ever experienced.
Turbulence in the stock market means volatility. Volatility is measured by the VIX.
Officially, the VIX is known as the CBOE Volatility Index. More commonly, the VIX …read more […]
(Bloomberg) — Donald Trump Jr. took to Twitter on Tuesday to oppose a mining project in southwestern Alaska that his father’s administration has previously supported.Trump Jr. said he “100%” agreed with Vice President Mike Pence’s former chief-of-staff Nick Ayers in opposing the Pebble Mine, which has known deposits of copper, gold and other metals, saying that the nearby Bristol Bay and surrounding fishery are “too unique and fragile to take any chances with.”Less than two weeks ago the mine secured a final environmental impact review from the Army Corps of Engineers, boosting the prospects that Vancouver-based Northern Dynasty Minerals Ltd. …read more […]
(Bloomberg) — Twilio Inc. projected sales in the current quarter that topped analysts’ estimates, but represented slowing growth, a sign that corporate demand for communications tools may ease as the economic toll from the pandemic continues.The software company has been among the sector’s biggest gainers during the coronavirus pandemic, with customers such as retailers using Twilio’s tools to facilitate curbside pickups and health care providers relying on the platform for telehealth services. Investors flocked to the stock, which has almost tripled this year.Sales will be as much as $406 million in the period that ends in September, the San Francisco-based …read more […]
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