How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]...
(Bloomberg) -- Tesla Inc. endured a roughly seven-week shutdown of its most important car plant in the world last quarter, but its brand-new backup factory may have saved the day.The manufacturer may have delivered more than 82,000 vehicles last quarter, according to analysts’ estimates compiled by Bloomberg. Some even expect Tesla to surpass the roughly 87,000 cars handed over to customers a year ago, or the more than 88,000 delivered in the first three months of this year.Expectations were much lower just a few months ago, when Tesla and its automotive peers shut factories and showrooms and watched their stock prices crater. But while other car manufacturers’ shares have come back slowly, Tesla’s have soared, closing Tuesday at a record high of $1,079.81. The company’s market capitalization has shot up to $200.3 billion, passing Exxon Mobil Corp. and closing in on auto industry leader Toyota Motor Corp.Shanghai and YWhat’s helping Tesla’s...
Boeing Co failed to submit certification documents to the U.S. Federal Aviation Administration (FAA) detailing changes to a key flight control system faulted in two fatal crashes, a long-awaited government report seen by Reuters has found. The flight control system, known as MCAS, was "not an area of emphasis" because Boeing presented it to the FAA as a modification of the jet's existing speed trim system, with limited range and use, according to the report. The 52-page report by the U.S. Department of Transportation's Office of Inspector General (IG), dated June 29 and set to be made public Wednesday, laid bare mistakes made by both the planemaker and FAA in the development and certification of Boeing's top-selling aircraft....
South Korea has started distributing stocks of the COVID-19 treatment remdesivir that have been donated by Gilead Sciences Inc and plans to begin talks to purchase more supplies in August, its disease control agency said on Wednesday. It is the first country to disclose a timeline for talks with Gilead. The drugmaker said this week it has priced remdesivir at $390 per vial in developed countries and agreed to allocate nearly all of its supply of the drug to the United States over the next three months....
South Korea has started distributing stocks of the COVID-19 treatment remdesivir which have been donated by Gilead Sciences Inc and plans to begin talks to purchase more supplies in August, its disease control agency said. "Patients who are eligible for remdesivir are limited to severe patients with pneumonia and in need of oxygen therapy," the Korea Centers for Disease Control and Prevention (KCDC) said in a statement. Gilead said on Monday it has priced remdesivir at $390 per vial in the United States and other developed countries and agreed to send nearly all of its supply of the drug to the United States over the next three months....
Oil prices rose on Wednesday on improving factory activity in China and drawdown in U.S. crude inventories, both indicating an economic recovery and rise in energy demand despite surging coronavirus infections around the world. Brent crude was up 90 cents, or 2.2%, to $42.17 a barrel at 0811 GMT, and U.S. crude was up 90 cents, or 2.3%, at $40.17 a barrel. U.S. crude and gasoline stocks fell more than expected last week, while distillate inventories rose, data released by the American Petroleum Institute (API) late on Tuesday showed....
