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With most stablecoins pegged to dollars, the crypto industry is wedded to a single currency with uncertain prospects. Time to diversify....
Bank of America is out with a guide to the commercial space market and the major companies involved.The Space Market: Bank of America's Ronald J. Epstein believes the commercial space market will hit $1.4 trillion by 2030. Epstein cites increased defense spending, growth in satellites, space tourism and resource extraction as ways the industry can grow.The space market was worth $414.8 billion in 2018, with government spending of $85.5 billion making up 21% of the total.Bank of America tracks 23 aerospace and defense companies and listed 14 of them in the report that had some exposure to the space industry.The Pure-Play Companies: "Pure play space companies tend to be private, most aerospace and defense companies under our coverage have some exposure to the space industry," Epstein wrote in a note.Virgin Galactic (NYSE: SPCE) was assigned a Street-high price target of $35 by Epstein on Monday. This came as he sees the...
The coronavirus crisis compounded that hold up this year as demand for air travel plunged, with Boeing saying in July it was delaying the 777X's entry to service by a year to 2022. GE said on Monday it has received orders and commitments for more than 600 GE9X engines, and has delivered eight GE9X test engines and two test spares for Boeing's four 777X test aircraft....
The coronavirus pandemic neared a grim new milestone of 1 million deaths on Monday, as new diagnoses in the around the world continue to outpace a slowdown in the rate of fatalities....
We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining......
United Airlines' pilots voted on Monday to accept a deal that would avert 2,850 furloughs set for Thursday, while thousands of other U.S. airline employees are hoping Congress will extend federal aid to save their jobs. An initial $25 billion government bailout that covered airlines' payrolls and protected jobs for six months expires on Sept. 30, driving a fervent last-minute push by the industry for Congress to agree on a fresh stimulus package. Chicago-based United has already put in motion steps to furlough around 12,000 frontline employees, excluding pilots, on Thursday, officials said....
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at 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 […]...
