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Business News

Location American Business News for 9 July 2020
SolarEdge Stock Rallies To $150 - Too Good To Be True? SolarEdge Technologies stock is up around 56% since the beginning of this year, and at the current price of around $149 per share, we believe SolarEdge stock has a significant downside. Why is that? Our belief stems from...
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Can Halliburton Stock Jump 2x To Reach $25 Again Anytime Soon? Halliburton's stock has rallied well over 150% over recent weeks (vs. about 40% gain in the S&P 500) to its current level of $13 after falling to a low of below $5 in late March as a rapid increase in the number of Covid...
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Just over four years ago, "Pokémon Go" launched for smartphones and sparked a worldwide phenomenon. With tens of millions of players around the world, "Pokémon Go" has been a smash-hit success: Players have spent nearl...
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Sweden's controversial anti-lockdown strategy resulted in a high death toll and no real economic gain, data shows Sweden's controversial coronavirus strategy has not resulted in significant economic gains, data indicates, and has instead left the country with a far deadlier outbreak than its Nordic neighbors. Sweden has never issued...
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Rolls-Royce Is the Avatar for All of Aviation's Gloom

Wall Street Journal - 9 Jul 2020 16:52
In most industries, service revenues are the kind of resilient income stream companies want in a crisis. Aviation is the exception--and Rolls-Royce the public face of it.
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"In every urban geography, the web traffic ... has changed, versus 6 to 12 months ago, to be much more suburban," Realogy CEO Ryan Schneider said.
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America is on a Lumber Binge

Wall Street Journal - 9 Jul 2020 16:44
Prices for forest products like lumber and plywood have soared because of booming demand from home builders making up for lost time, a DIY explosion and a race among restaurants and bars to install outdoor seating.
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Data on rentals out of New York City signal a crisis with city residents emptying out fast. CNBC's Robert Frank reports.
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With online sales proliferating during the coronavirus pandemic, the U.S. is going to need more warehouses to store hoards of boxes and handle those orders.
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The move shows how Wells Fargo, the largest U.S. mortgage lender and biggest player in jumbo mortgages, is operating under the dual pressures of the coronavirus pandemic and a Federal Reserve cap on its balance sheet.
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A look at Kanye West's strange plans to build the Wyoming home of his dreams In September, West reportedly purchased a 9,000-acre ranch in Cody known as Monster Lake Ranch. It was most recently listed for $14 million, though the final price paid by the rapper is unknown.
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The new Apple operating systems for iPhone, iPad, and Apple TV are out for public beta testing today, with Mac and Apple Watch betas to follow soon.
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CNBC's Kelly Evans breaks down the threat of evictions amid coronavirus and trends in the housing sector with CNBC's Diana Olick and Ryan Schneider, CEO of Realogy.
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In a new preprint study, researchers propose AI to detect fraudulent crowdfunding campaigns at publication time -- even without donor activity.
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Your income took a hit. Now what?

CNBC - 9 Jul 2020 14:57
About half of Americans have lost some household income because of the pandemic. Here's what you can do to strengthen your situation.
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Taylor Morrison saw home sales almost double in June from a year ago. The strong showing was aided by the company's new virtual appointment system amid the pandemic.
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Co-living provides inexpensive luxury for renters, but COVID-19 complicates the communal lifestyle: 'Social distancing was impossible' The co-living lifestyle, which allows renters to lease a private bedroom in a shared apartment, comes with some challenges amid COVID-19.
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Merkel says the coronavirus pandemic has exposed leaders who rely on 'fact-denying populism' Angela Merkel says that the coronavirus pandemic has exposed those who rely on 'fact-denying populism' as she criticised world leaders who promoted 'lies and disinformation.' 'We are seeing at the moment that the pandemi...
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Four day-long workshops on different AI topics provide in-depth learning, meaningful insights and action items necessary to grow and scale your business.
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Warren Buffett tumbles to his lowest ever position on the list of the world's richest people after a $2.9 billion charity donation Billionaire investor Warren Buffett donated $2.9 billion worth of Class B shares in his Berkshire Hathaway charity this week, taking his total philanthropic contributions to $37 billion in 14 years. The donation, however...
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Tyson Turns to Robot Butchers, Spurred by Coronavirus Outbreaks The pandemic is speeding meatpackers' shift from human meat cutters to automated ones, but machines can't yet match people's ability. While meat processing overall has grown safer in recent years, it remains one of the m...
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Miserable Economic Outlook Could Yield Record Gold Prices

Wall Street Journal - 9 Jul 2020 12:03
The tumbling real yield on U.S. government bonds has helped drive gold prices higher--and there is little reason to expect yields to rebound in the near future.
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