Dogs of the Dow Were Sent to the Dog House in 2020
One of the best ways to trade the New Year has been with the Dogs of the Dow. Well, for most years… This year, they weren’t so hot with the pandemic. However, if the virus begins to fade, that could change. Historically, the Dogs do quite well. They...
The Top Reasons to Consider EV Stocks Immediately
With the EV boom showing no signs of slowing, all investors should own related stocks. For one, with the Trump Administration turning the keys over to Biden, green related stocks have begun to explode. Most notably, electric vehicle related stocks. “There are...
The World Could Have a Vaccine by Dec. 2020
Coronavirus fears are mounting. Cities are nearing lockdowns. Schools and businesses are shutting down. The CDC has even urged Americans not to travel for the Thanksgiving holiday. “The CDC’s Thanksgiving warning was some of the firmest guidance yet from the...
The Dow Could Hit 40,000 in New Year 2021
At the moment, we’re just inches from hitting an all-time high of 30,000 on the Dow. And already, analysts are calling for Dow 40,000 by 2021, which is a very strong possibility. Despite all of the chaos and a blistering fall in the early part of 2020, the index...
Ackman’s Pershing Square Holdings fund up 62.8% for the year
BOSTON (Reuters) - Billionaire hedge fund manager William Ackman, who cautiously hedged his portfolio before the historic market sell-off in March, has extended his gains to 62.8% for the year so far. Last month, Ackman's publicly traded Pershing Square Holdings...
Asian stocks rise after vaccine optimism drives Wall Street to record highs
By Jessica DiNapoli NEW YORK (Reuters) - Asian markets were set to climb on Wednesday after Wall Street indexes closed at record highs as investors grow increasingly hopeful about a vaccine to combat rising COVID-19 cases and an economic recovery. "We've had some...
OSCE states set to end impasse over vacant senior positions, U.S. says
VIENNA (Reuters) - The Organization for Security and Cooperation in Europe, a body that includes Russia and the United States and other former Cold War adversaries, is set to end a months-long impasse over filling its vacant top jobs, the U.S. envoy to the group said....
S&P 500, Nasdaq end at record highs on vaccine optimism
By Noel Randewich (Reuters) - The S&P 500 and Nasdaq Composite indexes closed at record highs on Tuesday, with investors betting a COVID-19 vaccine will be available soon, and more confident about a speedy economic recovery following upbeat Chinese factory data....
U.S. refining industry trade group sets in-person spring 2021 meeting
By Stephanie Kelly NEW YORK (Reuters) - The American Fuel & Petrochemical Manufacturers, a top U.S. oil refining industry trade group, will hold its annual conference early next year in-person, one of the first to do so after the coronavirus pandemic sent...
Salesforce to buy workplace app Slack in $27.7 billion deal
By Munsif Vengattil (Reuters) - Salesforce.com Inc has agreed to buy workplace messaging app Slack Technologies Inc in a $27.7 billion deal, the biggest by the cloud-computing pioneer as it bets on an extended run for remote working and sharpens its rivalry with...
Bezos’ Blue Origin taps former Pentagon, NASA officials for new advisory board
By Joey Roulette WASHINGTON (Reuters) - Blue Origin said on Tuesday it formed a new advisory board of former Pentagon and NASA officials, as billionaire Jeff Bezos' space company vies for lucrative government contracts and readies its first orbital rocket for debut...
Virgin Galactic reschedules test flight window to start December 11
(Reuters) - Space tourism company Virgin Galactic Holdings Inc said on Tuesday it had set a new test-flight window opening on Dec. 11, after pausing preparations last month due to COVID-19 restrictions imposed by New Mexico. The Richard Branson-founded company said...
American, United to halt non-stop flights to Shanghai: CNBC
(Reuters) - American Airlines Group Inc and United Airlines are pausing plans to operate non-stop flights to Shanghai from the United States, CNBC reported on Tuesday, citing people familiar with the matter. The plan to pause operations comes following reports of...
E-scooter sharing firm VOI raises $160 million to expand
STOCKHOLM (Reuters) - Sweden's VOI Technology has raised $160 million in a funding round led by The Raine Group's growth equity vehicle to help it fuel expansion, it said on Wednesday. The company was initially hit by lockdowns as the COVID-19 pandemic broke out, but...
Canadian pot producers may scale back in Europe: industry report
By Shariq Khan (Reuters) - Canadian cannabis producers are likely to scale back their investments in Europe as they come under pressure to cut costs and deliver profit, two industry consultants said in a report released on Tuesday. Depending on the pace of...