Month: September 2020

Huawei Technologies has built up stakes in Chinese semiconductor companies and other tech businesses as the world’s largest telecoms equipment maker bolsters its supply chain in the face of pressure from the United States. Habo Investments, set up by Huawei in April 2019, has closed 17 deals for stakes in Chinese tech companies since August last year, public records show. The investment arm was established in response to what Huawei’s rotating chairman, Guo Ping, last week described as “suppression” by the United States after escalating restrictions that have cut off Huawei’s supplies of many overseas chips and effectively …read more […]

The leaders of the U.S. House Committee on Transportation and Infrastructure on Monday introduced bipartisan legislation to reform the Federal Aviation Administration’s (FAA) aircraft certification process in the wake of two fatal Boeing 737 MAX crashes. The Boeing 737 MAX has been grounded since March 2019 after two crashes in five months killed 346 people. Boeing did not immediately comment. …read more […]

Space Exploration Technologies Corp CEO Elon Musk revealed Monday that the company has plans to take its satellite broadband unit Starlink public, but not until the revenue growth is “smooth” and “predictable.”What Happened: Such an initial public offering would come “several years in the future” as the public market doesn’t “like erratic cash flow,” the billionaire suggested, adding a laugh.Musk added that whenever such an IPO happens, Starlink can be trusted to prioritize retail investors. “I’m a huge fan of small retail investors. Will make sure they get top priority. You can hold me to it,” the SpaceX CEO claimed.> …read more […]

(Bloomberg) — A meteoric rally in an Australian penny stock is fast unraveling after confounding not just market watchers but also the company’s CEO.BrainChip Holdings Ltd., an artificial intelligence-focused startup whose flagship product is yet to be made widely available for commercial use, saw its 2020 gains propel to 1,500% earlier this month. While concerns about overheating have seen the stock getting hammered since, its 709% advance year-to-date still makes for one of the best performances among technology names in Asia Pacific, according to data compiled by Bloomberg.“I was surprised about the peak” Louis DiNardo, BrainChip’s chief executive officer, said …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]

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As I’m sure you know, Amazon trades for more than $3,100 per share.
If you want to own 100 shares, you’re looking at dropping $310,000.
What’s a better way to own Amazon without taking out a second mortgage on your house?
In my view, one of the very best collections of stocks comes from an exchange-trade fund (ETF) called the Consumer Discretionary Select Sector SPDR Fund (NYSE: XLY)
For around $147 per share, here’s what you get:
I love this collection of companies.
It’s one of the strongest ETF baskets I’ve seen in quite a long time.
First and foremost, you’re getting one-quarter of your total investment …read more […]

(Bloomberg) — Tesla Inc. secured its own lithium mining rights in Nevada after dropping a plan to buy a company there, according to people familiar with the matter.The automaker held discussions in recent months with Cypress Development Corp., which is seeking to extract lithium from clay deposits in southwest Nevada, but the parties didn’t reach a deal, the people said, asking not to be named because the information isn’t public. The electric car maker, which has vowed to slash its battery costs by 50%, instead focused on the plan that Chief Executive Officer Elon Musk outlined last week to dig …read more […]

Income Expert Marc Lichtenfeld gives a lesson on building wealth. He believes anyone can achieve a “rich” lifestyle by following a few simple guidelines.
Last week, my colleague Rachel Gearhart published an excellent article about how much money she will save over her lifetime because of lessons she learned with The Oxford Club, Wealthy Retirement‘s publisher.
There was one line that jumped out at me. She wrote…
Without a doubt, the knowledge I’ve gained here at the Club will add a few million dollars to my net worth by the time I retire.
I emailed her saying, “A few million dollars – you’re going …read more […]

The leaders of the U.S. House Committee on Transportation and Infrastructure on Monday introduced bipartisan legislation to reform the Federal Aviation Administration’s (FAA) aircraft certification process in the wake of two fatal Boeing 737 MAX crashes. The Boeing 737 MAX has been grounded since March 2019 after two crashes in five months killed 346 people. Boeing did not immediately comment. …read more […]

VANCOUVER, BC, Sept. 28, 2020 /CNW/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the company is expanding manufacturing capacity for production of its proprietary membrane electrode assemblies, or MEAs – a critical component of every fuel cell – 6x by early 2021 at its headquarter facility in Vancouver. …read more […]

Some trends are subtle at first.
But their impacts turn out to be quite substantial.
For example, a couple of weeks ago, I pointed out something that I thought was very telling of our new normal.
I simply asked my co-workers: When was the last time you were sick?
Think about it.
I haven’t had the sniffles since 2019.
I can’t remember such a long stretch without even a minor illness.
I travel a fairly extensive amount. Before the pandemic, I routinely made my way through airports and ship terminals. I hopped in and out of airplanes, buses, cars, ships and trains (not while they were moving, …read more […]

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th, when the S&P 500 Index was trading around the […] …read more […]

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

Like President Donald Trump, rich Americans often deploy sophisticated tax avoidance strategies to maximize their wealth. Here are a few. …read more […]