Reuters Bank of America expects higher oil demand starting in 2021, with consumption increasing at the fastest pace since the 1970s. The greater need for oil worldwide is likely to be driven by a recovery in sea transportation. Demand for oil should be capped by around 2030 as more people buy electric vehicles. Visit the Business section of Insider for […]
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(Reuters) – The S&P 500 drifted higher on Friday, recovering from early weakness as financial and materials stocks gained ground while investors held out for signs of progress on the next batch of fiscal aid.FILE PHOTO: Traders wearing masks work,on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid/File PhotoValue stocks […]
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Cannabis stocks like Tilray and Sundial have seen a volatile stretch of trading. The stocks have surged and plummeted, driven in part by online forums like WallStreetBets. Experts say that retail investors should focus on US cannabis stocks like Green Thumb and Trulieve, rather than Canadian companies. Visit the Business section of Insider for more stories. The biggest cannabis stocks […]
Read moreReuters Shares of Virgin Galactic fell sharply on Friday after the company delayed a flight that was set to launch this weekend. It would have been a second attempt at Virgin’s first manned test flight. The aerospace company tweeted it needs “more time for technical checks.” Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Virgin […]
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This is an update to our May and July PPP Small Business Loans reports. You can purchase all three reports now for the price of one. This report outlines the final numbers after the second tranche’s summer expiry, and will be available for free to those who have purchased any of the two preceding versions of this report. Do you work in […]
Read moreLucid Churchill Capital IV jumped 13% after a Bloomberg terminal update suggested that a consortium of investors led by VC firm Venrock Associates were looking to sell Lucid Motors. Lucid and Churchill Capital IV have been rumored to be in merger talks since January 11. The news comes as Lucid plans on releasing its first production vehicle this spring. Sign […]
Read moreMike Segar/Reuters Bumble climbed as much as 4.9% in early Friday trading, extending the post-IPO pop that began the session prior. The dating app raised $2.2 billion in a Wednesday IPO selling 50 million shares for $43 each. Strong demand for the offering led shares to spike 64% into Thursday’s close. Watch Bumble trade live here. Bumble rose as much […]
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The worst GDP since the invention of GDP. By now we’re mostly all familiar with the scale of the economic contraction this country has faced over the past year. We have lived the lockdowns, the furloughs, the closures. Even so, the scale of the fall in economic output still takes the breath away. Not since this statistic, gross domestic product, […]
Read moreWith the futuristic EQS, Mercedes wants to be at the forefront of luxury electric cars. The model stands on a completely new platform. The generously dimensioned 100 kWh battery is said to enable a range of up to 700 kilometers. For an extra charge, the dashboard will transform into a giant screen. Visit the Business section of Insider for more […]
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