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Exxon weighs global job cuts after unveiling Australian lay-off plan

Exxon Mobil Corp is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off programme in Australia. Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic. “We have evaluations underway on a country-by-country basis to assess possible additional efficiencies to right-size our business and make it stronger for the future,” spokesman Casey Norton, based at the company headquarters in Irving, Texas, said in emailed comments to Reuters. …read more […]

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Tesla’s Outback Big Battery Fails to Retake Crown After Upgrade

(Bloomberg) — The Tesla Inc.-installed Hornsdale battery in South Australia completed an upgrade that boosted its capacity by 50%, but fell short of winning back its title as the world’s biggest lithium-ion unit.The pioneering facility, which Elon Musk installed in 2017 after winning a bet that he could get the system up and running in 100 days to help address a power crisis, now has a capacity of 150 megawatts, project owner Neoen SA said Wednesday. A 230-megawatt system in California that started last month is currently the world’s biggest.Grids are increasingly looking to energy storage to smooth out power …read more […]

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Warning: You May Not Like What You’re About to See

“Bryan, this is a risky episode. It’s definitely going to get some comments.”
That’s what my producer said to me about today’s Trade Talk Tuesdays episode…
But I don’t care…
This episode is indeed controversial.
You may not like it.
But the recommendation is so timely… I have to get it out to you ASAP.
Warning: You may not like what you’re about to see.
With that said… here’s the riskiest Trade Talk Tuesdays episode I’ve ever posted.

For more market insight and picks like this, join me in The War Room now!
P.S. Take Profits Alert! The winners keep rolling in. Close out another quarter of Tortoise Acquisition …read more […]

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Ballard Establishes New Cross-Border US$250M ATM Equity Program

VANCOUVER, BC, Sept. 1, 2020 /CNW/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) (“Ballard” or the “Company”) today announced that it has entered into an at-the-market Equity Distribution Agreement (the “Equity Distribution Agreement”) with BMO Capital Markets, Raymond James Ltd. …read more […]

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The 2020 Homebuilding Sector

Editor’s Note: Today, Contributing Analyst Jody Chudley reveals how one of his predictions came true even sooner than expected…
The homebuilding sector is booming thanks to a red-hot real estate market.
This market presents a special opportunity for investors who want to dip a toe into real estate… an opportunity that bears an uncanny resemblance to one we saw in 2009.
Chief Income Strategist Marc Lichtenfeld has his eye on a new income strategy to play this special market…
And he wants to help you start earning 5X to 10X your money in the coming years – starting with as little as $30.

– Mable …read more […]

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Election News: The Cannabis Industry Could Be Election Day’s Biggest Winner

Calendar pages are rapidly falling away to November 3.
And regardless of the presidential election’s outcome, one of the biggest winners that night could be a recession-resistant industry on the rebound.
American cannabis multistate operators (MSOs) have already enjoyed a sizable bounce from their early 2020 lows…

The U.S. Marijuana Index is up 156.5% from its March 18 bottom.
And this could merely be the first leg higher of a much larger rally.
Over the next couple of months, the U.S. cannabis market will be on the cusp of getting even bigger. And this November, election night results could send shares of American pot stocks …read more […]