Shares of Clean Energy Fuels (NASDAQ: CLNE) plunged as much as 22.7% in trading on Tuesday as the market took a turn for the worse. One was that oil prices dropped early in trading, which coincided with the low in Clean Energy Fuels' shares as well. Another thing hurting the stock is a market sell-off that's hit clean energy and growth stocks more than the rest of the market.
- Investor's Business Daily
Apple has been an American success story several times over with the Mac, iPod, iPhone and other inventions. But is Apple stock a buy now? Here's what its stock chart and earnings show.
- Simply Wall St.
For many, the main point of investing in the stock market is to achieve spectacular returns. When an investor finds a...
Here’s a common complaint I hear from seniors all the time: Interest rates are so low that it’s impossible to earn enough cash to supplement Social Security. Low interest rates are a double-edged sword. Since things like money-market funds and certificates of deposits are tied to the Fed, that’s tough news for anyone hoping to squeeze more out of their savings.
As energy grids transition away from fossil fuels and toward the use of zero emission sources of power from primarily renewable energy sources, they're going to need an ability to store and then use the massive amounts of energy that's only generated intermittently by the sun and wind. Malta spun out from the special projects group at Google's parent company Alphabet and relies on some very old technologies combined in a novel way to provide long-duration energy storage that can be discharged during times of peaking demand -- like the conditions that effected Texas' power grid last week. The company's latest round of funding was led by the Swiss natural gas, methanol and agricultural conglomerate Proman, with participation from previous investors Breakthrough Energy Ventures, the nearly ubiquitous backer of renewable energy and sustainable startups, and Alfa Laval, which makes industrial filters and heat exchangers.
Golf TV ratings soar when Woods plays well. With the superstar's future in the sport now uncertain, so too is its presence on television.
Aston Martin expects to almost double sales and move back towards profitability this year after sinking deeper into the red in 2020, when the luxury carmaker was hit by the pandemic, changed its boss and was forced to raise cash. The carmaker of choice for fictional secret agent James Bond has had a tough time since floating in 2018, as it failed to meet expectations and burnt through cash, prompting it to seek fresh investment from billionaire Executive Chairman Lawrence Stroll. For 2021, it expects "to see the first steps towards improved profitability" but is still likely to post a pre-tax loss, the carmaker said.
(Bloomberg) -- Bank of England Governor Andrew Bailey warned the European Union against demanding that euro derivatives are settled by clearinghouses inside the bloc, saying such a move would be a “very serious escalation” and that it would draw a U.K. response.The EU appears to be moving towards a policy of insisting such trades are located in the bloc, Bailey said during a hearing with U.K. lawmakers on Wednesday.A so-called location policy of forcing banks and dealers to move clearing business to the EU would be “very controversial,” Bailey said. “I have to say that that would be something we would have to, and want to, resist very firmly.”His comments -- his strongest yet -- are a mark of the post-Brexit tensions and Britain’s growing frustration about the EU’s reluctance to grant so-called equivalence rulings that would enable London-based finance firms to operate in the bloc.The lack of an agreement has put London’s decades-long dominance of European finance under threat. This year, the Square Mile lost its crown to Amsterdam as Europe’s top place to buy and sell stock while traders have shifted some interest-rate swaps out of the U.K.The London Stock Exchange Group Plc’s clearinghouse in London is the dominant location for euro derivatives and the EU has allowed it to continue handling trades for European clients through June 2022. The European Commission, the EU’s executive arm, is pressing banks and other traders to shift more euro-denominated business to the bloc.If the temporary equivalence decision isn’t renewed, Bailey said a quarter of euro-derivatives clearing business would need to shift to the EU. The rest could stay in London because it is the most efficient place for it, he said.“If only 25% moves, it isn’t really very viable,” Bailey said. “The EU takes something, but it doesn’t take a piece that’s really viable for its own industry to conduct in the EU.”Bailey said it now appears the EU is seeking to pressure firms into relocating the other 75% of the business too, outside of any consideration around whether the U.K.’s regulations are equivalent.“This debate is not about equivalence,” he said.(Updates with Bailey comments in seventh paragraph)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.
Covid "devastated" air travel in 2020, the UK's largest airport says, as it sinks to a £2bn loss.
The CEOs of Google, IBM, Goldman Sachs, and Blackstone endorsed a plan that includes $1,400 stimulus checks and a federal minimum wage of $15 an hour.
Americans can’t file their income taxes fast enough — but they should brace for some unwelcome news in their 2020 returns
As of Feb. 19, only 8 full days into the 2021 filing season, the IRS received 34.69 million individual returns.
The U.S. House votes Friday on a bill to give you a third payment. Could there be another?
- Yahoo Finance
Charlie Munger: It's 'absolute insanity' to think owning 100 stocks instead of five makes you a better investor
Munger says the argument for diversification should be called 'diworsification.'
Here's what still has to happen, including the big vote scheduled for Friday.
(Bloomberg) -- Shares of GameStop Corp. doubled yesterday and jumped another 19% today. Options traders think the stock can do much better than that.The most-active option traded on the stock Thursday was a contract betting that GameStop shares would spike to $800 on Friday. Some 52,000 contracts changed hands during the session betting on this one-day gain of 636%For other options traders, it was a question of when GameStop would hit the $800 mark, not if. The seventh and eighth most-active contracts were call options wagering that the stock would reach $800 by next Friday or in three weeks. It’s hard to say whether the contracts were mainly bought or sold, two traders said.“It’s speculation gone wild, pure and simple,” said Steve Sosnick, chief strategist at Interactive Brokers LLC. “It is Exhibit A in the nuttiness that is associated with GameStop.”GameStop’s Reddit-driven roller-coaster ride that roiled markets last month is continuing this week, with shares more than doubling in the final 90 minutes of trading on Wednesday and rising as much as 101% on an intraday level on Tuesday. The rally came as popular tech names from Tesla Inc. to Zoom Video Communications Inc. were battered after U.S. 10-year Treasury yields spiked to 1.6%.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.
(Bloomberg) -- The world’s biggest Bitcoin fund is selling off faster than the cryptocurrency itself.The $32 billion Grayscale Bitcoin Trust (ticker GBTC) has plunged 20% this week, outpacing a 13% decline in the world’s largest cryptocurrency. GBTC’s once-massive premium to its underlying holdings has evaporated as a result, with the price of GBTC closing 0.7% below its underlying holdings on Wednesday -- the first discount since March 2017, according to data compiled by Bloomberg.The vanishing premium suggests that after billions poured into GBTC as investors sought exposure to Bitcoin’s dizzying rally, investors are looking for the exits as the climb stalls, according to Bloomberg Intelligence.“This is panic or profit-taking selling,” said Eric Balchunas, BI’s senior ETF analyst. “It’s almost like the price of GBTC is an amplified version of Bitcoin price.”Bitcoin surged to a record of over $58,000 last weekend, but has stumbled since. The cryptocurrency fell another 1.4% on Thursday, on pace for its worst weekly pullback in a year.Michael Sonnenshein, chief executive officer of Grayscale Investments, acknowledged the risk of GBTC’s premium disappearing while speaking in a panel for the Bloomberg Crypto Summit on Thursday.“It’s certainly a risk, no question about it, but ultimately price discovery in GBTC every day is driven entirely by market forces,” Sonnenshein said.(Updates with comments from Michael Sonnenshein of Grayscale in the sixth paragraph.)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.
Ivanka Trump and Jared Kushner have filed their final financial disclosure forms (known as OGE 278e), covering their non-governmental income for 2020 and the first few weeks of 2021. Both give a...
What Happened: The largest crypto exchange in Southeast Asia, Philippines-based PDAX, experienced a technical failure that led to Bitcoin trading at $6,000 – an 88% discount to its current price. Following the incident, PDAX asked its customers to return their Bitcoins, threatening legal action, a local news outlet Bitpinas has reported. According to the exchange’s CEO, the system error was not due to a hack but a technical “glitch” caused by a massive surge in trading activity. Why It Matters: The initial outage is said to have taken place on February 18; however, since then, reports have surfaced on social media of customers being locked out of their exchange accounts and being asked to “return their Bitcoin.” “After almost 24 hours, they sent me a demand letter and SMS, requesting me to transfer back the BTC, or they “may” be compelled to take legal actions against me.” said one trader who believed his purchase was well within his rights without violating any laws or regulations of the trading platform. See also: How to Buy Bitcoin (BTC) Rafael Padilla, an attorney representing the affected users who are currently locked out of their accounts, commented on the issue on Facebook. “Our client’s trade transaction was legitimate under applicable laws, decided cases, and of course according to PDAX’s very own terms and conditions/user agreement.” According to Padilla, PDAX has opted to lock users out of their accounts because it cannot unilaterally reverse the transactions. An official statement from PDAX claims that 95% of accounts have been restored, but according to the report, many users are still locked out of their accounts. “It’s very understandable that a lot of users will feel upset they were able to buy what they thought an order was there for Bitcoin at very low prices. But unfortunately, the underlying Bitcoins were never in the possession of the exchange, so there’s never really anything there to be bought or sold, unfortunately.”, said PDAX CEO Nichel Gaba in a press conference earlier today. Image: vjkombajn via Pixabay See more from BenzingaClick here for options trades from BenzingaElon Musk's Tweet About Dogecoin Sends Price Up 10% In 30 Minutes AgainMicroStrategy Buys Additional .026B Worth Of Bitcoin, Surpasses Tesla's Bitcoin Holdings© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Should the rumor be true, evidence that the CEO has been a vocal booster of DOGE it wouldn't be hard to find.
Microsoft Corporation (NASDAQ: MSFT) founder Bill Gates is concerned about Bitcoin’s impact on climate change. What Happened: “Bitcoin (CRYPTO: BTC) uses more electricity per transaction than any other method known to mankind,” Gates told CNBC’s Andrew Sorkin in a live-streamed Clubhouse session on Wednesday. Researchers at Cambridge have found that by consuming over 121.36 terawatt-hours (TWh) a year, BTC electricity consumption is more than the whole of Argentina. In fact, some critics have argued that when an electric car company like Tesla Inc (NASDAQ: TSLA) invested $1.5 billion in Bitcoin, it unwittingly may have undermined its environmental image. See also: How to Buy Bitcoin (BTC) Why It Matters: Gates went on to tell Sorkin that there was a more efficient way of doing digital currency that wouldn’t require such high usage of electricity. Gates seemed to hint that a digital currency might be in the works at his foundation. “There are other ways of doing digital currency that our foundation is involved with which are done in local currency,” he said. “The transactions are not secret, they’re reversible. You can’t use it for ransom or things like that, and yet the transaction fees are so low that it's empowering the poorest.” What Else: While the energy requirements to mine and produce Bitcoin are still considerably high, cryptocurrency analytics firm Arcane Research finds that Bitcoin contributes to only 2.3% of digital tech emissions. Bitcoin’s climate footprint of 37Mt CO2 is still minuscule compared to other digital industries. The total GHG emissions from digital tech are estimated to 1600Mt, with Bitcoin contributing to roughly 2.3% of the digital tech emissions. pic.twitter.com/n3hWiFfpxm — Arcane Research (@ArcaneResearch) February 16, 2021 Image: World Economic Forum via Wikicommons See more from BenzingaClick here for options trades from BenzingaCrypto Exchange Asks Customers To Return Bitcoin After Selling It At 88% DiscountElon Musk's Tweet About Dogecoin Sends Price Up 10% In 30 Minutes Again© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- LA Times
Engine failures on commercial planes happen with some frequency. Modern jets are designed to fly safely for a while even after one engine quits.