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Truck driver hours of service rules first published in 1937 have been through numerous iterations, court challenges, and Congressional interventions in the past two decades. Take a tour through our timeline. ...
(Bloomberg Opinion) -- The U.S. stock market has had a remarkable run since its coronavirus-induced swoon in March, with technology stocks from Big Tech to upstarts leading the comeback and soaring off their lows. A hot stock market tends to stoke demand for IPOs as well, and that’s exactly what has happened — especially in the area of cloud software and internet services. The latest manifestation of this phenomenon came on Tuesday, when cloud-banking software provider nCino Inc. surged more than 170% in its trading debut. The enthusiasm for this digital niche does make sense on a fundamental level. The pandemic has accelerated the spending shift to cloud-related technologies that enable the work-from-home and digital services we all need to live in a Covid-19 world. So, it’s natural that investors would latch on to the story and bid up many companies related to the space, including new issues. NCino isn’t alone: Cloud-based business-intelligence company ZoomInfo Technologies Inc. soared 62% in its first day of trading in June, while earlier this month, insurance digital-services startup Lemonade...
On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about unusually high options activity in Alibaba Group Holding Ltd - ADR (NYSE: BABA) and STMicroelectronics NV (NYSE: STM).Traders were buying the August $250 calls in Alibaba on Tuesday. Around 7,500 contracts were traded and they paid around $12 for them. The trade breaks even at $262 or around 5.5% from the current stock price. Najarian decided to follow the trade.Najarian has also noticed STMicroelectronics NV (NYSE: STM) because it had a big call options volume in the same strike for the second day in a row. Around 10,000 contracts of the August $35 calls were traded on Monday and traders bought 9,000 more of those on Tuesday. They were trading for around 35 cents. Najarian explained that somebody thinks this stock has some upside in the short term.See more from Benzinga * Pete Najarian Sees Unusual Activity In Alibaba And Cleveland-Cliffs...
U.S. manufacturer 3M Co. (MMM), has teamed up with the Massachusetts Institute of Technology (MIT) to develop a rapid diagnostic test for COVID-19.3M and researchers at MIT are testing a new rapid test that detects the virus and aims to be a highly accurate, mass-produced low-cost diagnostic device that delivers results in minutes.The test would detect viral antigens and seeks to deliver highly accurate results within minutes via a paper-based device. The test could be administered at the point-of-care and would not need to be sent to labs for testing. 3M said that once the diagnostic test is developed and validated, it could scale up manufacturing to produce millions of units per day.“Our approach is ambitious, but our collective expertise can make a difference for people around the world,” said 3M Chief Technology Officer John Banovetz. “We are seeking to improve the speed, accessibility and affordability of testing for the virus, a...
What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common......
