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U.S. electric vehicle maker Tesla Inc is poised to start selling some Model 3 vehicles made in China equipped with cobalt-free lithium iron phosphate (LFP) batteries, two people familiar with the matter said. Tesla will announce the product change as early as Thursday, the two sources said. Tesla was not immediately available for comment....
Stock futures fell Wednesday morning as investors considered the aftermath of a raucous first presidential debate and continued to eye developments among congressional lawmakers for further fiscal stimulus....
On CNBC's "Mad Money Lightning Round," Jim Cramer said Switchback Energy Acquisition Ord Shs Class A (NYSE: SBE) is another blank-check company. Until we find out more about it, we don't know if we have another Nikola Corporation (NASDAQ: NKLA), added Cramer.Cramer's charitable trust owns Walt Disney Co (NYSE: DIS) and he won't sell on the news about layoffs. He is willing to accept some short-term loss.Cramer really likes Teladoc Health Inc (NYSE: TDOC) and he is trying to figure out whether to buy it for his charitable trust.Instead of Dynatrace Inc (NYSE: DT), Cramer would buy Splunk Inc (NASDAQ: SPLK).WP Carey Inc (NYSE: WPC) is good and it has a decent yield, said Cramer.Enphase Energy Inc (NASDAQ: ENPH) is one of the few energy companies that Cramer likes.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * 'Fast Money Halftime...
U.S. pipeline companies are sweetening terms in a competition to keep producers using their lines as the industry downturn caused by the coronavirus pandemic means there is less oil to transport. The pandemic has ended a boom in U.S. shale production which had prompted a rapid expansion in the capacity of the largest energy pipeline network in the world to carry all the oil from fields to processing centers and onto refineries and export terminals. Now, pipeline companies may see their revenues plunge as much as 50% on some lines this year, analysts said, because oil companies have cut production to match the fall in demand caused by the impact of coronavirus on travel....
(Bloomberg) -- U.S. equity-index futures dropped alongside most stock markets after an acrimonious American presidential debate highlighted the risk of a contested vote in November. The dollar fluctuated.S&P 500 and Nasdaq 100 contracts slipped in the hours after the chaotic sparring between Donald Trump and Democratic hopeful Joe Biden during which the president suggested vote-by-mail could be rife with fraud. In Europe, declines in industrial-goods and tech shares outweighed gains in utilities.“What we’ve seen from the debate is the reinforcement that if Biden wins, Trump is not going to accept that,” said Chris Weston, head of research at Pepperstone Group Ltd. in Melbourne. “People positioned for an ugly contest afterwards have been validated.”Investment firms were also recalibrating positions on the final day of this quarter, with traders saying flows were positive for the dollar. Various tech shares fell in premarket trading alongside Walt Disney Co., which said 28,000 workers will be...
(Bloomberg Opinion) -- Covid-19 has roiled the entertainment industry in ways that threaten to leave a permanent mark. Now, corporate giants such as Comcast Corp. and AT&T Inc. that have staked their futures on the space — from television and cinema, to amusement parks and sporting events — are left facing an uncomfortable choice: retrench or stay the course against increasing investor opprobrium.Comcast, the cable giant that acquired NBCUniversal’s TV networks, film studio and theme parks in 2013, is now the target of an activist shareholder, Nelson Peltz’s Trian Fund Management. The hedge fund is known for pushing needlessly bulky companies to slim down by shedding their weakest assets. In this case, that would be NBCUniversal as well as Sky, Comcast’s recently acquired European satellite-TV unit. Last year, AT&T also attracted an activist, Elliott Management Corp., concerned with the trajectory of its own satellite-TV and Hollywood assets. What the two campaigns appear to have in common is a desire to...
A recent, independent study by Neptune Wellness shows bipartisan support for legalizationLAVAL, QC, Sept. 30, 2020 /CNW Telbec/ - Neptune Wellness Solutions, Inc....
