COPENHAGEN, Denmark (AP) — Swedish court rules that it won't seek detention of WikiLeaks founder Julian Assange in suspected rape case.
COPENHAGEN, Denmark (AP) — Swedish court rules that it won't seek detention of WikiLeaks founder Julian Assange in suspected rape case.
You can be too safe with your money, even during a pandemic.
With the Biden Administration likely to pump trillions into green energy infrastructure in the coming years, renewable stocks should outperform the market
Other auto stocks joins in the impressive rally in Tesla's stock. Here's why.
There's a lot of long-term bulls in the bitcoin market. But in the short-term? Pretty much everyone has suddenly turned bearish.
Individual retirement accounts (IRAs) and 401(k) plans provide little guidance on how to turn accumulated assets into income. What if I'm in my 40s and don't have a retirement fund? Some experts say that by age 40 you should have at least three times your salary saved for retirement. Alternatively, they could use their assets to delay claiming Social Security, effectively buying more annuity income.
Jim Cramer shares stock-market news including Netflix's rise, Cramer's list of stocks to buy and the EV stocks to go after.
The fossil-fuel divestiture movement grabbed headlines in December when New York’s state comptroller said the $226 billion New York State pension fund plans to drop many of its fossil-fuel stocks in the next five years and sell shares in other companies that contribute to global warming. The fund owns stakes in big oil — stocks like Exxon Mobil (XOM) and Chevron (CVX) as of Sept. 30, according to Holdings Channel — and shunning fossil-fuel investment is a hallmark of longtime socially responsible mutual funds.
Congressional leaders plan to get "right to work" on it. How soon might you get the cash?
Johnson & Johnson is expected in late January to unveil Phase 3 study results for its coronavirus vaccine — leading JNJ stock to a record high. So, is Johnson & Johnson stock a buy?
As power has changed hands in the White House, we can expect these names -- and themes -- to benefit.
(Bloomberg) -- Joe Biden canceled the Keystone XL oil pipeline hours after becoming president, killing once again a cross-border project that had won a four-year reprieve under his Republican predecessor, Donald Trump.In one of his first major environmental actions, Biden on Wednesday revoked TC Energy Corp.’s pipeline permit, according to a person familiar with the orders Biden signed.The move brings Keystone’s fate full circle, repeating a decision made in 2015 by President Barack Obama to keep the pipeline from crossing the border. Trump reversed that in 2017 on his fourth full day in office over the objections of environmental groups.TC Energy said it was “disappointed” and would suspend work on the project, leading to the layoff of thousands of workers. The decision overturns “an unprecedented, comprehensive regulatory process that lasted more than a decade and repeatedly concluded the pipeline would transport much-needed energy in an environmentally responsible way,” said the Calgary-based company.TC Energy shares closed down 1.15%, to C$55.92 in Toronto trading.Environmentalists are counting on the latest rejection -- coming more than a dozen years since the pipeline was first proposed -- to stick. They argue the project would provide an outlet for heavy Canadian oil sands crude extracted in Alberta through particularly energy-intensive processes that ratchet up its carbon footprint.“Putting a stop to the dirty and dangerous Keystone XL tar sands pipeline immediately and once and for all would be an important first step and testament to the leadership of the diverse grassroots movement that has long pushed to stop it and other harmful pipelines,” said Tiernan Sittenfeld, a senior vice president with the environmental group League of Conservation Voters.The U.S. Chamber of Commerce was critical of the decision.“The pipeline -- the most studied infrastructure project in American history -- is already under construction and has cleared countless legal and environmental hurdles,” Marty Durbin, president of the chamber’s Global Energy Institute, said in a statement. “This is a politically motivated decision that is not grounded in science.”Biden promised the action on the campaign trail, yet his formal step still provoked outrage from oil industry leaders, some Canadian interests and labor unions that support the project.“The Biden administration has chosen to listen to the voices of fringe activists instead of union members and the American consumer on Day 1,” said the United Association of Union Plumbers and Pipefitters in an emailed statement based on news reports before the action.Construction of Keystone XL already began last year, jump started with a $1.1 billion investment by the province of Alberta. Whole segments of the line, including one that crosses to U.S.-Canadian border, have already been built.TC Energy has worked to make the project more palatable to a Democratic administration, inking labor agreements with four major pipeline unions last August, agreeing to sell an equity stake in the line to indigenous communities along the route and promising to power it entirely with renewable energy.Still, Keystone XL has been a lightning rod for controversy and a litmus test for environmentalism almost since it was first proposed in 2005. The 1,179 mile (1,897 kilometer) segment is designed to move oil from Alberta through Montana, South Dakota and Nebraska, then connect with an existing network feeding crude to the Gulf Coast. The line would carry as much as 830,000 barrels of oil a day.Opponents argue it will stimulate oil sands development, contributing to climate change.Years ago, proponents of the controversial crude pipeline argued that more of Canada’s cheaper, heavy crude would help fuel producers on the U.S. Gulf Coast wean off supplies from countries like Venezuela or the conflict-prone Middle East.But refiners in Texas and Louisiana have become increasingly flexible, using more of the abundant light oil from shale fields. Plus, Canadian crude’s price advantage has narrowed, and imports from the country have roughly doubled in a decade to a steady flow of more than 3.5 million barrels a day, without Keystone XL.“It’s not an issue for refiners,” said Robert Campbell, head of oil products research at Energy Aspects Ltd. “They can switch into domestic light. The hurt would be on oil sands producers.”Sandy Fielden, director of oil research at Morningstar Inc., said doing away with Keystone in the short run won’t affect the supply of Canadian oil because of plans to expand another line and use existing infrastructure.“Those will be sufficient to meet local needs at least for now,” Fielden wrote in a statement. “If anything, scrapping the Keystone XL system would favor U.S. buyers since it would cause a backup of supplies in Canada that would ultimately pressure prices lower and more attractive.”From the archive -- Why the Keystone Project Is Controversial: QuickTakeCanadian Prime Minister Justin Trudeau expressed disappointment in the pipeline decision.“While we welcome the president’s commitment to fight climate change, we are disappointed,” Trudeau said in a statement. “I look forward to working with President Biden to reduce pollution, combat climate change, fight COVID-19, create middle class jobs, and build back better by supporting a sustainable economic recovery for everyone.”Keystone XL was one of only a handful of energy and mining projects Biden took an explicit stand against while on the campaign trail. Environmentalists emboldened by his move on Keystone are already pressuring him to revoke a critical authorization allowing continued operation of Energy Transfer LP’s Dakota Access oil pipeline and take action against Enbridge Inc.’s plan to replace and expand its aging Line 3 pipeline from Alberta to Superior, Wisconsin.“It’s exciting news,” said Dallas Goldtooth, an organizer with the Indigenous Environmental Network. “Now what are you going to do about Line 3 and the Dakota Access pipeline? We are happy, but we want to see what comes next.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Shares of Celsion Corp. shot up 85.1% toward a six-month high in very active premarket trading Thursday, putting the on track to more than double in two days, after the cancer drug development company disclosed that it terminated the share purchase agreement with Lincoln Park Capital (LPC). Trading volume swelled to 18.9 million shares, enough to make the stock the second-most active ahead of the open, and well above the full-day average of about 4.6 million shares. The stock had run up 40.0% on 38.7 million shares on Wednesday, after closing Tuesday at 91 cents. The stock purchase agreement, which was originally announced in September 2020, called for Celsion to sell to LPC up to $26 million worth of shares over 36 months. Since that agreement was announced, Celsion had sold $2.2 million worth of its common stock to LPC. The stock has more than doubled (up 116.5%) over the past three months through Wednesday, while the S&P 500 has gained 12.1%.
FCEL stock fell sharply early Thursday on a mixed FuelCell Energy earnings report. Plug Power and other fuel cell stocks also retreated.
IRS audit flags can stem from things you do — or don't do — when filing your tax return.
The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.
Luminar Technologies (LAZR) went public through a SPAC merger with Gores Metropoulos in early December, and hardly any Wall Street analysts were covering the stock initially. However, fast forward to mid-January and the lidar maker is a buzzy name which has quickly gathered a growing list of investment firms eyeing its progress. The latest to join the fray is R.F. Lafferty’s Jaime Perez. The analyst initiated coverage of Luminar stock with a Buy rating and $38 price target. Investors could be pocketing gains of 27%, should Perez’ thesis play out accordingly over the next 12 months. (To watch Perez’ track record, click here) So, what does Perez like about Luminar? Well, for one, starting next year, leading OEMs including Volvo and Daimler will integrate Luminar’s LIDAR technology into their next generation vehicles. Second of all, while Luminar estimates its current TAM (total addressable market) is less than $5 billion, it could be worth more than $150 billion by 2030. “Assuming a ~4% vehicle penetration rate,” Perez notes, “Luminar anticipates it could generate revenues of approximately $5 billion with EBITDA margins of 50% by 2030.” Perez believes the company’s revenue streams are visible through 2025, based on the $1.3 billion it has already booked in customer backlogs, via its two main lidar products. The Hydra Lidar sensors are tailored for commercial trucks, can detect objects up to 500 meters away and expand the driver’s peripheral view, so that “truckers will be able to detect objects that are typically in their blind spots.” Whilst on the self-driving side, for driver-less last-mile delivery trucks and vehicles going back and forth between terminals, the system is vital and can bring down logistics costs by 25% to 30%. The second major lidar product is the Iris, which caters for the passenger vehicle market and can be seamlessly integrated into the roof of the car. Perez counts several benefits of using lidar in passenger vehicles which include “proactive safety, greater crash avoidance, improved driver assists in braking, lane-keeping assistance, and better visibility in inclement weather.” “Most important,” Perez said, “The LIDAR technology could help reduce the number of vehicle-related deaths.” Turning now to the rest of the Street, where Luminar has 4 additional Buy ratings and 1 Hold, all adding up to a Strong Buy consensus rating. At $37.2, the average price target is set to provide returns of ~25% over the next 12 months. (See LAZR stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
This year has already started with a bang, and with a “blue wave” looming over the United States, three industries could be ready to explode
U.S. President Joe Biden's promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuters interviews with executives. But smaller independent oil drillers without the resources of big corporations were more worried about Biden's vow to toughen regulations and stop issuing new permits on federal lands, part of his sweeping plan to combat climate change and bring the economy to net zero emissions by 2050. Federal lands are the source of about 10% of U.S. oil and gas supply.
Senseonics Holdings, Inc. Common Stock (AMEX:SENS) reported Q3 sales of $767.00 thousand. Earnings fell to a loss of $12.47 million, resulting in a 0.46% decrease from last quarter. Senseonics Holdings, Inc. Common Stock collected $261.00 thousand in revenue during Q2, but reported earnings showed a $12.53 million loss.What Is Return On Capital Employed? Changes in earnings and sales indicate shifts in Senseonics Holdings, Inc. Common Stock's Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q3, Senseonics Holdings, Inc. Common Stock posted an ROCE of 0.24%.It is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sales in the near future.View more earnings on SENSReturn on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders.For Senseonics Holdings, Inc. Common Stock, the return on capital employed ratio shows the number of assets can actually help the company achieve higher returns, an important note investors will take into account when gauging the payoff from long-term financing strategies.Q3 Earnings Insight Senseonics Holdings, Inc. Common Stock reported Q3 earnings per share at $-0.1/share, which did not meet analyst predictions of $-0.06/share.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Highs On Friday(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After years of punishing yield chasers, high-dividend stocks are finally starting to pay off. And some ETFs are well positioned if the early trend continues.