Month: November 2020

(Bloomberg) — Enbridge Inc.’s battle with Michigan escalated on Friday as the governor took new legal action to shut down a key pipeline that supplies Central Canadian refineries.Governor Gretchen Whitmer filed a complaint in Ingham County Circuit Court seeking to “revoke and terminate” an 1953 easement that allows Enbridge to operate under the Straits of Mackinac, which connect Michigan’s upper and lower peninsulas. Line 5 is a key conduit of crude for Canadian refineries in Ontario and Quebec.“Enbridge’s Line 5 is a grave and unreasonable risk to the state’s residents and natural resources and requires the pipeline to be shut …read more […]

There’s an unfortunate narrative making the rounds today that can be summed up in two words: Business sucks.
Academia, the mainstream media and Hollywood regularly promote the idea that business is all about greed, selfishness and exploitation.
We hear it every day.
“Those sharks will eat you alive.”
“You have to look out for No. 1.”
“It’s every man for himself.”
“Nice guys finish last.”
Remarks like these lead some folks to believe that business success is all about ruthless, backstabbing, cutthroat competition not only between organizations but within them.
Sadly, at some organizations this is true.
But not at the most successful ones.
Great businesses understand that to maximize …read more […]

DraftKings shares jumped after beating earnings estimates. DraftKings CEO Jason Robins joins Yahoo Finance Live to discuss the company’s third-quarter earnings report and weigh in on the future of the sports betting industry. …read more […]

Chinese electric car startup Li Auto is soaring as much as 25% during Friday’s morning session after reporting a top line beat for its first quarterly results since going public. …read more […]

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated September 16, 2020 to its short form base shelf prospectus dated September 2, 2020./NOT FOR DISTRIBUTION TO U. …read more […]

The Telos IPO is just around the corner. The company plans to raise capital for product advancement, debt payments and other general purposes. But some investors aren’t so sure about Telos stock.
So, is Telos a good investment opportunity? Here’s what we know…
Telos IPO: The Business

Telos is a technology company. It offers cloud, cyber and enterprise security solutions for government organizations, commercial businesses and international customers. Telos aims for its products to allow customers to reach new markets, better serve stakeholders and defend their company, state or nation.
According to the Telos IPO prospectus:
“Our mission is to protect our customers’ people, systems, …read more […]

Vontobel Asset Management Portfolio Manager Markus Hansen joins Yahoo Finance Live to break down Disney’s fourth-quarter earnings report and the latest subscriber numbers for Disney+. …read more […]

Nio’s ES6 hatchback model faces imminent threat from likely price cuts for Tesla’s Model Y in China, Andrew Left-owned Citron said in an investor note. Nio did not respond to a request for comment. Tesla has cut prices in China on several occasions, aiming to gain more market share in the world’s biggest car market. …read more […]

A home loan is a powerful financial tool, even if you have the cash to pay outright. …read more […]

Their forward rates of return appeals more than the yield on 20-year high quality market corporate bonds …read more […]

(Bloomberg) — Simon Property Group Inc.’s rescinded $3.6 billion offer to buy rival mall owner Taubman Centers Inc. is going to trial Monday after a months-long dispute sparked by the pandemic.The companies announced a buyout agreement in February, just before Covid-19 hit the U.S., wreaking havoc on retailers and landlords. Simon in June said it was walking away from the deal and sought in court to have it “validly terminated.” Taubman countersued in an effort to force Simon to complete the purchase. Michigan Circuit Court Judge James Alexander will hear the case without a jury and is expected to rule …read more […]

If you’re new to investing or you’re just interested in some cheap stocks, we are here to help. The team here at Investment U keeps a close eye on hot penny stocks to watch on a regular basis and the two below are no exception. As our government continues to further separate itself, the markets have seen impressive gains that could continue for some time.

With that in mind, here are two hot penny stocks to watch this week:
Hot Penny Stocks
IMAC Holdings Inc (Nasdaq: IMAC)
Current Price – $1.52
In the past week IMAC shares have jumped up dramatically, with a 5-day change …read more […]

“We are discussing (battery) cell manufacturing,” Ford’s Chief Executive Officer Jim Farley said Friday at the Reuters Automotive Summit teleconference. As recently as last July, then-CEO Jim Hackett said there was “no advantage” to Ford making its own battery cells. In the meantime, other automakers, including General Motors Co and Tesla Inc , are investing billions of dollars in their own battery cell manufacturing plants to supplement production from suppliers. …read more […]

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There is a clear conclusion to be reached from the US election results – the American people wanted to discard the drama of both President Trump and Democratic Party, and are willing to do so by installing a Democratic President while increasing Republican strength in Congress and down ballot. A result like that points to future gridlock, at least in the near-term, and that in turn could be just what that markets want. A deeply divided government is unlikely to make any drastic policy changes, to the right or to the left, allowing the financial world to keep plodding straight …read more […]