Newsletter
Beyond Meat Looking to Stay Hot with New Deal, Products
Shares of Beyond Meat Inc. (NASDAQ: BYND) were on a steady rise over the past three weeks, and the producer of plant-based meat substitutes may have McDonald's (NYSE: MCD) to thank. When the global fast-food chain announced its new plant-based burger — …
This is how to react to the current gold price dip
2020 was a banner year for many markets. For most of the year, gold was the undisputed big winner. However, in the past few weeks the yellow metal has seen a major setback that has brought it back into an attractive zone that could be a good entry point for …
US House votes on Cannabis legalisation on state level
As the world of cannabis becomes more and more regulated, better cannabis reform is a must. During the election, Vice President-elect Karmala Harris made a promise to legalize cannabis at the federal level. This promise could now be fulfilled in the near …
BioNTech rating downgraded after news on competition
BioNTech (NASDAQ: BNTX) falls as much as 4.4% after close of business as Bank of America advises investors to cash in on the stock's appreciation as the company faces increased competition from competitors who also have coronavirus Develop vaccines. With the …
Exxon is planning a 20 billion write off
In addition to the $ 10 billion cost savings, i. 30% of capital expenditures and 15% of cash operating expenses this year, Exxon (NYSE: XOM) sees a 15% downsizing worldwide by the end of 2021. Capital expenditures are seen at $ 16B- $ 19B for the next year and …
The S&P 500 has just finished its best November of all times
The main averages closed lower that day, but hit historic levels for November, fueled by excitement for vaccines, which are accelerating the economic recovery. The S&P 500 (SP500) held -0.5%, making it the best November in its history. The S&P rose 10.9% that …
HSBC might be withdrawing from US retail banking
HSBC (NYSE: HSBC) is considering exiting US retail banking to redistribute resources to more profitable businesses in Asia, the Financial Times reported, citing two people familiar with the matter. The top management wants to present the plan to the HSBC board …
Lundin signs agreement with Chilean mining union
Lundin Mining (OTCPK: LUNMF) claims to have signed a collective agreement with a union that represents around 350 striking workers after a month-long work stoppage at the Candelaria copper mine in Chile. The two sides signed a new 35-month collective agreement …
Jay-Z confirms involvement in huge Cannabis deal
Hip-hop artist and entrepreneur Jay-Z is set to join a start-up marijuana company that is slated to become the largest in the state of California. Caliva, Left Coast Ventures, Subversive Capital Acquisition Corp. and Roc Nation, Jay-Z entertainment company …
Saudi Arabia has apparently just lost 27 bn Dollar
The slump in oil prices is sapping $ 27.5 billion in oil revenue from Saudi Arabia this year, Saudi Crown Prince Mohammed bin Salman said on Friday, admitting current oil revenues are insufficient to cover the kingdom's salary bills. Saudi Arabia forecast last …