Month: August 2020

(Bloomberg) — Chinese electric-car startup Xpeng Motors has filed for a U.S. initial public offering, right behind rival Li Auto Inc. which raised $1.1 billion last month.Filing with the U.S. Securities and Exchange Commission on Friday as XPeng Inc., the company listed the size of the offering as $100 million, a placeholder that will likely change.Electric-vehicle makers have been enjoying a surge in investor interest after strong share price gains this year in Tesla Inc. and NIO Inc. Li Auto, which increased the size of its IPO, has since climbed 61%, more than tripling its valuation prior to the listing.Guangzhou-based …read more […]

After testing a $11,900 high bitcoin takes a dip while a DeFi competitor to Ethereum checks off a roadmap box. …read more […]

When President Donald Trump signed executive orders targeting TikTok and WeChat (and by default their respective parent companies, ByteDance and Tencent), the gaming industry was rattled by the move. That’s because Tencent has a stake in the developers of some popular games, including “League of Legends” (Riot Games) and “Fortnite” (Epic Games). Yahoo Finance’s tech editor Dan Howley explains what the potential ban could mean for gaming companies. …read more […]

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Microsoft and Facebook are hitting at Apple as antitrust investigations into the iPhone maker ramp up. …read more […]

(Bloomberg) — With the stroke of a pen, Donald Trump made his strategic fight with China hit home for potentially billions of people — generating confusion, panic and fear around the globe.The U.S. president’s move to ban the Chinese-owned TikTok and WeChat in just over six weeks from now sent shockwaves through the tech industry and the many American businesses who rely on the apps to sell goods in China. The decision also spurred alarm on Chinese social media, with WeChat users in the U.S. posting contact information so friends and family could reach them if the app disappeared. An …read more […]

(Bloomberg) — Nokia Oyj Chief Executive Officer Pekka Lundmark said the Finnish networks maker plans to stand clear of geopolitics as the technology industry increasingly is thrust into trade and political conflicts.Lundmark, who took the reins at Nokia on Aug. 1, is finding his footing in a tense situation that pits China — and Nokia’s rival Huawei Technologies Co. — against the U.S. and other governments moving to ban the Chinese supplier from their fifth-generation mobile networks.“I think it would be a big mistake if individual businesses would start to drive their political agenda,” he said in an interview on …read more […]

Nokia’s new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker before setting a strategy, as the company jostles for position in the highly political 5G race. U.S. government pressure to limit the use of China’s Huawei [HWT.UL] presents an opportunity for Nokia as next generation technology is rolled out, but Lundmark would not be drawn. “Maintaining good relations with governments in pretty much all parts of the world is extremely important,” Lundmark said in a video interview with Reuters on Friday. …read more […]

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(Bloomberg) — Former national security adviser Susan Rice, a Netflix director, sold some of her shares of the video streaming company worth $305,323 this week as speculation swirls that she is among the candidates to be Democratic presidential nominee Joe Biden’s running mate.A spokeswoman for Rice said the sale was unrelated to politics and was made under a stock trading plan she filed more than three months ago under Securities and Exchange Commission rules.“Ambassador Rice’s sale of a fraction of her Netflix stock has nothing to do with VP speculation,” Erin Pelton said.Rice, who also served as the U.S. ambassador …read more […]

Does the July jobs report signal a V-shaped economic recovery? Special assistant to the president and NEC chief economist Joseph Lavorgna weighs in. …read more […]

Today we’re going to take a look at the well-established Fortinet, Inc. (NASDAQ:FTNT). The company’s stock received a… …read more […]

Yahoo Finance’s On The Move panel weigh in on the latest stories making headlines. …read more […]

(Bloomberg) — United Parcel Service Inc. and FedEx Corp. shares jumped after the couriers said they are raising prices aggressively to boost profit and help manage an avalanche of residential deliveries spurred by the coronavirus pandemic.UPS plans to apply holiday season surcharges of as much as $4 a package for shippers that send more than 25,000 parcels a week and whose peak-season volume is triple February’s level. On the low end, the charge is $1 a package for ground deliveries for shippers with volume at least 10% above February’s level. UPS, which skipped the peak-season fees last year, charged less …read more […]

The marijuana market is growing, well, like a weed. And yet, due to its federal legal status, figuring out how to invest in marijuana stocks can get a little sticky. But, the effort can be worth it.

Global spending on marijuana shot up 46% in 2019. And there aren’t any signs of it slowing down. Worldwide revenue from legal marijuana has been forecast to explode to $103.9 billion by 2024. That would be an astounding 853% increase in sales over the course of just six years.
So it’s not surprising that savvy investors are flocking to marijuana stocks in droves. And keep …read more […]