Mikey_Vibez
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Byron Wien, vice chairman, and Joe Zidle, chief investment strategist, of Blackstone Inc.'s private wealth solutions group on Monday issued their annual list of 10 surprises.
Mr. Wien, who started the list in 1986, defines a surprise as an event that the average investor would only assign a one out of three chance of taking place but he believes has a better than 50% likelihood of happening.
Byron and Joe’s Ten Surprises of 2022...
Mr. Wien, who started the list in 1986, defines a surprise as an event that the average investor would only assign a one out of three chance of taking place but he believes has a better than 50% likelihood of happening.
Byron and Joe’s Ten Surprises of 2022...
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Mikey_Vibez
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Electric vehicle prices could further rise in 2022 as the supply of lithium carbonate, a key ingredient in battery making, struggles to keep up with the sharp rise in demand.
Benchmark price of lithium carbonate soared to a new high in 2021 and price in China was just over $41,060 a ton, which is more than five times higher than last January and above previous records, Nikkei Asia reported.
China is the world’s biggest battery-producing nation.
...
Benchmark price of lithium carbonate soared to a new high in 2021 and price in China was just over $41,060 a ton, which is more than five times higher than last January and above previous records, Nikkei Asia reported.
China is the world’s biggest battery-producing nation.
...
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Mikey_Vibez
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$Alibaba (BABA.US)$ Daily Journal Corp DJCO, the publishing and technology company in which Warren Buffett's longtime business partner Charlie Munger is chairman, said it has nearly doubled its stake in Chinese e-commerce giant Alibaba Group Holding BABA.N.
The U.S. company raised its holding by 99.3% to 602,060 sponsored American Depository Shares as of Dec. 31, Daily Journal said in a regulatory filing on Tuesday, makin...
The U.S. company raised its holding by 99.3% to 602,060 sponsored American Depository Shares as of Dec. 31, Daily Journal said in a regulatory filing on Tuesday, makin...
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Mikey_Vibez
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$Alphabet-A (GOOGL.US)$ Alphabet Inc-owned Google said on Tuesday it has acquired Israeli cybersecurity startup Siemplify, at a time when there has been a significant rise in cyber attacks and data breaches.
Since the pandemic started in 2020, Google's revenue from the cloud business nearly doubled to around US$5 billion as companies shifted to working from home. The need to protect and hedge against security threats has also shot up in tandem...
Since the pandemic started in 2020, Google's revenue from the cloud business nearly doubled to around US$5 billion as companies shifted to working from home. The need to protect and hedge against security threats has also shot up in tandem...
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$Lucid Group (LCID.US)$ said on Tuesday it would expand into European markets in 2022, as demand for electric vehicles soar after several countries pledged to end dependence on fossil fuels for mobility.
"Expansion to European markets will begin this year. Stay tuned for country-specific delivery information," the California-based electric carmaker tweeted.
Reservations for the company's Lucid Air luxury sedan rose to 13,000 in the third quarter ended Se...
"Expansion to European markets will begin this year. Stay tuned for country-specific delivery information," the California-based electric carmaker tweeted.
Reservations for the company's Lucid Air luxury sedan rose to 13,000 in the third quarter ended Se...
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Mikey_Vibez
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The Dow Jones Industrial Average reached a record closing high on Tuesday for a second straight day as financial and industrial shares rallied, while the Nasdaq fell.
The S&P 500 ended slightly weaker after hitting an intraday all-time high. Declines in shares of big growth names including Tesla Inc weighed on the index and the Nasdaq Composite, which ended down more than 1%.
Economically sensitive energy, financials and industrials we...
The S&P 500 ended slightly weaker after hitting an intraday all-time high. Declines in shares of big growth names including Tesla Inc weighed on the index and the Nasdaq Composite, which ended down more than 1%.
Economically sensitive energy, financials and industrials we...
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Mikey_Vibez
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On Monday, the U.S. FDA announced that the $Pfizer (PFE.US)$/BNT booster vaccination age will be reduced to 12 years old, and at the same time, immune-deficient children 5-11 years old will be allowed to receive the booster shot of the vaccine. The agency stated that the decision made reference to the vaccination data of children of the same age in Israel. In addition, the U.S. FDA also announced that the interval between the boost...
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Mikey_Vibez
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$Cumberland Pharmaceuticals (CPIX.US)$ anyone have any insight? Up 90% premarket already. Is this a play or P&D?
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Mikey_Vibez
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$Cumberland Pharmaceuticals (CPIX.US)$ changing when a drug can be administered for surgery, prevent pain at the benefit of the ENTIRE US Medical Surgical Field is anything but small deal it is HUGE!
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A recent $Amazon (AMZN.US)$ test of a $Rivian Automotive (RIVN.US)$ electric van showed that the battery's performance is below the EV startup's claims.
According to the report, the battery drained 40% faster than usual if the van's heating or cooling was on. Rivian said in its prospectus that the all-electric delivery vans would have a range between 120 miles and 150 miles, depending on size.
Rivian shares fell 8.2% to 118.11 on Monday. RIVN stock rose 67% in the first few days after its IPO, to 129.95. But shares closed down 1% last week after a wild ride.
Among other EV stocks, China-based $XPeng (XPEV.US)$ edged up 1.1% after briefing reclaiming a buy range intraday. $NIO Inc (NIO.US)$surged 7.3%, while $Li Auto (LI.US)$ advanced 1.9%.
Among U.S. automakers, $Lucid Group (LCID.US)$ reversed opening gains and dropped 8.2%, $General Motors (GM.US)$ rose 3.7% and Ford (F) was up 5.4%. U.S.-traded shares of Germany's $VOLKSWAGEN A G (VWAGY.US)$ dipped 0.4%.
It seems that there are formidable enemies everywhere.
Do you think RIVN is ready to compete in the EV battlefield?
Source:
Tesla Stock Rises As Musk Teases Model S Plaid In China; Battery Issue Drains Rivian Stock
According to the report, the battery drained 40% faster than usual if the van's heating or cooling was on. Rivian said in its prospectus that the all-electric delivery vans would have a range between 120 miles and 150 miles, depending on size.
Rivian shares fell 8.2% to 118.11 on Monday. RIVN stock rose 67% in the first few days after its IPO, to 129.95. But shares closed down 1% last week after a wild ride.
Among other EV stocks, China-based $XPeng (XPEV.US)$ edged up 1.1% after briefing reclaiming a buy range intraday. $NIO Inc (NIO.US)$surged 7.3%, while $Li Auto (LI.US)$ advanced 1.9%.
Among U.S. automakers, $Lucid Group (LCID.US)$ reversed opening gains and dropped 8.2%, $General Motors (GM.US)$ rose 3.7% and Ford (F) was up 5.4%. U.S.-traded shares of Germany's $VOLKSWAGEN A G (VWAGY.US)$ dipped 0.4%.
It seems that there are formidable enemies everywhere.
Do you think RIVN is ready to compete in the EV battlefield?
Source:
Tesla Stock Rises As Musk Teases Model S Plaid In China; Battery Issue Drains Rivian Stock
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