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In Dubai, oil-rich UAE sees a new wonder: A coal power plant
In Dubai, oil-rich UAE sees a new wonder: A coal power plant
| October 22nd | 2020  2:07AM
In Dubai, oil-rich UAE sees a new wonder: A coal power plant
DUBAI, United Arab Emirates (AP) — A new wonder is rising in the southern desert of Dubai against the backdrop of Persian Gulf beaches, but it's not another skyscraper to grace the futuristic sheikhdom. Instead, it's one of mankind's oldest power sources gaining its own space on the oil-rich Arabian Peninsula — a coal-fired power plant. …
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Asian stocks follow Wall Street lower on lack of US aid plan
Asian stocks follow Wall Street lower on lack of US aid plan
| October 22nd | 2020  1:59AM
Asian stocks follow Wall Street lower on lack of US aid plan
BEIJING (AP) — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on an economic aid plan in the two weeks before the Nov. 3 presidential election. Market benchmarks in Shanghai, Tokyo, Hong Kong and Seoul retreated. On Wall Street, the benchmark S&P 500 index lost 0.2% on Wednesday as U.S.
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The Latest: S Korea cases jump week after restrictions eased
The Latest: S Korea cases jump week after restrictions eased
| October 21st | 2020  10:30PM
The Latest: S Korea cases jump week after restrictions eased
SEOUL, South Korea — South Korea has 121 new confirmed cases of the coronavirus, its first triple-digit daily jump in a week amid concerns about the country easing social distancing restrictions just last week to cope with a weak economy. The Korea Disease Control and Prevention Agency said Thursday that South Korea’s caseload is now…
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German arrest order for Panama Papers lawyers faces hurdle
Government and politics news icon
| October 21st | 2020  6:58PM
German arrest order for Panama Papers lawyers faces hurdle
PANAMA CITY (AP) — A German arrest order for two Panamanian lawyers whose firm was at the center of an international tax evasion scandal faces a substantial obstacle: Panama’s constitution prohibits the extradition of its citizens. Juergen Mossack and Ramón Fonseca are sought by Cologne prosecutors on charges of being an accessory to tax evasion and forming a criminal organization.
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Fed survey finds tepid growth as US economy battles pandemic
Fed survey finds tepid growth as US economy battles pandemic
| October 21st | 2020  6:53PM
Fed survey finds tepid growth as US economy battles pandemic
WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that the U.S. economy grew at a “slight to modest” pace in September and early October, but also documented many areas of economic activity hobbled by the coronavirus pandemic. The Fed report made public Wednesday said that the pace of activity varied greatly among sectors of the U.S.
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Tesla posts net profit for fifth straight quarter
Tesla posts net profit for fifth straight quarter
| October 21st | 2020  6:51PM
Tesla posts net profit for fifth straight quarter
DETROIT (AP) — Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker said Wednesday that it made $331 million, or 27 cents per share, for its fifth-straight profitable quarter. Excluding special items…
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Ex-Blue Bell Creameries CEO charged in deadly listeria case
Corporate news news icon
| October 21st | 2020  6:51PM
Ex-Blue Bell Creameries CEO charged in deadly listeria case
AUSTIN, Texas (AP) — The former president of Blue Bell Creameries has been charged with wire fraud for allegedly trying to cover up a 2015 listeria outbreak linked to the company's ice cream that killed three people in Kansas and sickened several others, federal prosecutors announced Wednesday. A federal grand jury in Austin returned…
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Short-video app Quibi shutting down just months after launch
Short-video app Quibi shutting down just months after launch
| October 21st | 2020  6:23PM
Short-video app Quibi shutting down just months after launch
Short-video app Quibi said it is shutting down just six months after its early April launch, having struggled to find customers. The company said Wednesday that it would wind down its operations and plans to sell its assets. “Quibi is not succeeding," its top executives bluntly declared in a letter posted online. The…
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Fiat Chrysler hires 4,100 Detroit residents for new plant
Corporate news news icon
| October 21st | 2020  5:36PM
Fiat Chrysler hires 4,100 Detroit residents for new plant
DETROIT (AP) — Fiat Chrysler has hired about 4,100 Detroit residents, and most if not all of them will be employed at a new auto plant on the city’s east side. The auto giant is obliged to employ at least 3,850 Detroiters at the Mack assembly plant under a development deal with the city for the land where plant is being built. If the…
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Honda, Arizona reach $5 million settlement over air bags
Corporate news news icon
| October 21st | 2020  5:28PM
Honda, Arizona reach $5 million settlement over air bags
PHOENIX (AP) — Honda has agreed to a $5 million settlement with Arizona over allegations that it failed to disclose defects in air bags that led to two deaths there, the state's top attorney said Wednesday. Attorney General Mark Brnovich announced the settlement over the faulty airbag systems manufactured by Takata Corp. and used in certain Honda and Acura cars.
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Stocks slip on Wall Street as virus aid deal remains elusive
Stocks slip on Wall Street as virus aid deal remains elusive
| October 21st | 2020  4:43PM
Stocks slip on Wall Street as virus aid deal remains elusive
U.S. stocks capped another wobbly day of trading with modest losses Wednesday as Wall Street waited for any signs of progress as lawmakers in Washington negotiate over how to deliver more aid for the economy. The S&P 500 slipped 0.2% after shifting between small gains and losses for much of the day. The benchmark index is on track for its first weekly loss after notching gains in each of the past three weeks.
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Snap, WD-40 rise; Netflix, Casella fall
Financial markets news icon
| October 21st | 2020  4:14PM
Snap, WD-40 rise; Netflix, Casella fall
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Meet Amit Mehta, the judge for Google's antitrust case
Meet Amit Mehta, the judge for Google's antitrust case
| October 21st | 2020  4:11PM
Meet Amit Mehta, the judge for Google's antitrust case
The Justice Department’s antitrust lawsuit against Google has a judge: Obama appointee Amit Mehta, who was assigned the case Wednesday morning in U.S. District Court for the District of Columbia. He went to elite U.S. universities, clerked for an appellate court judge and worked for both a D.C. law firm with high-profile clients and as a public defender attorney for low-income clients.
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OxyContin maker Purdue Pharma to plead to 3 criminal charges
OxyContin maker Purdue Pharma to plead to 3 criminal charges
| October 21st | 2020  4:00PM
OxyContin maker Purdue Pharma to plead to 3 criminal charges
WASHINGTON (AP) — Drugmaker Purdue Pharma, the company behind the powerful prescription painkiller OxyContin that experts say helped touch off an opioid epidemic, will plead guilty to federal criminal charges as part of a settlement of more than $8 billion, the Justice Department announced Wednesday. The deal does not release any of…
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If Google's a monopoly, who is harmed by its market power?
Google
| October 21st | 2020  3:55PM
If Google's a monopoly, who is harmed by its market power?
Google has long defended itself against charges of monopoly by stressing that its products are free and that no one has to use them. And it's avoided tough government scrutiny for years based in part on the idea that people searching the internet are not Google’s true customers. We’re its product. Advertisers are its real customers.
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Closing prices for crude oil, gold and other commodities
Financial markets news icon
| October 21st | 2020  3:40PM
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for December delivery fell $1.67 cents to $40.03 a barrel Wednesday. Brent crude oil for December delivery fell $1.43 to $41.73 a barrel. Wholesale gasoline for November delivery fell 5 cents to $1.14 a gallon. November heating oil fell 3 cents to $1.14 a gallon. November natural gas rose 11 cents to $3.02 per 1,000 cubic feet. Gold for December delivery rose $14.10 to $1,929.50 an ounce.
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Renewable energy giant to buy New Mexico's largest utility
Renewable energy giant to buy New Mexico's largest utility
| October 21st | 2020  3:15PM
Renewable energy giant to buy New Mexico's largest utility
ALBUQUERQUE, N.M. (AP) — The parent company of New Mexico’s largest electric utility will become part of energy giant Iberdrola’s global holdings under a multibillion-dollar merger. Under the agreement announced Wednesday, Iberdrola's majority-owned U.S. subsidiary Avangrid will acquire PNM Resources and its assets in New Mexico and Texas.
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The Stars are Aligned for Growth at Align Technology (NASDAQ:ALGN)
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| October 21st | 2020  6:05AM
The Stars are Aligned for Growth at Align Technology (NASDAQ:ALGN)
Align Technology (NASDAQ:ALGN) shares were hit hard at the onset of the pandemic. Closed dental practices meant little demand for the company's popular Invisalign 'invisible' plastic alternative to traditional metal braces. But with many dentists' offices now reopened, investors have restored faith that the company can continue to put up some impressive…
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Workhorse Group (NASDAQ:WKHS) Could Be The Tesla Of Delivery Vehicles
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| October 21st | 2020  6:00AM
Workhorse Group (NASDAQ:WKHS) Could Be The Tesla Of Delivery Vehicles
It’s Time To Add Some More Workhorse Group To The EV Portfolio EV stocks have been among the best-performing consumer stocks this year. Many are up several hundreds of percentage points since the beginning of the year and the gains have only just begun. With EV accounting for only 2.6% of global sales this is more than just a consumer trend we are talking about.
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Analyst Ratings

CompanyBrokerageAction
Tesla Inc logo
TSLA
Tesla Inc
Royal Bank of CanadaSet Price Target
$339.00
Facebook, Inc. logo
FB
Facebook, Inc.
Goldman Sachs GroupSet Price Target
$303.00
Snap Inc. logo
SNAP
Snap Inc.
Stifel NicolausBoost Price Target
$32.00 ➝ $40.00
Peloton logo
PTON
Peloton
Goldman Sachs GroupDowngrade
to Neutral
PNM Resources, Inc. logo
PNM
PNM Resources, Inc.
Wells Fargo & CompanyDowngrade
to Equal Weight
Crispr Therapeutics AG logo
CRSP
Crispr Therapeutics AG
Stifel NicolausBoost Price Target
$75.00 ➝ $93.00
Forterra Inc logo
FRTA
Forterra Inc
BNP ParibasUpgrade
to Outperform
Crispr Therapeutics AG logo
CRSP
Crispr Therapeutics AG
Roth CapitalBoost Price Target
$105.00 ➝ $115.00
Telefonaktiebolaget LM Ericsson (publ) logo
ERIC
Telefonaktiebolaget LM Ericsson (publ)
Raymond JamesBoost Price Target
$12.00 ➝ $13.50
Crispr Therapeutics AG logo
CRSP
Crispr Therapeutics AG
Piper SandlerBoost Price Target
$104.00 ➝ $128.00
Janus Henderson Group PLC logo
JHG
Janus Henderson Group PLC
Morgan StanleyDowngrade
to Equal Weight
Canadian National Railway logo
CNI
Canadian National Railway
Royal Bank of CanadaLower Price Target
$145.00 ➝ $144.00
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