We’re buying more energy shares that are not reflecting recent moves in natural gas
We also do not believe shares are adequately reflecting the rise in natural gas prices over the past week and a half.
Tesla (TSLA) surges back to positive on annual delivery goal reassurance
Tesla’s stock (TSLA) surged back up and recovered from a premarket tumble as the market seems to be reassured by the reiteration of the automaker’s annual delivery goal. As we reported this morning, Tesla released its Q3 2023 delivery and production numbers. At 435,000 deliveries, the number came below Wall Street expectations, which we thought […]
The world’s longest subsea cable that will send clean energy from Morocco to the UK just got a big boost
A plan to build the world’s longest subsea cable that will carry clean energy from Morocco to the UK just got streamlined. The world’s longest subsea cable The British government designated the Xlinks Morocco-UK Power Project a Nationally Significant Infrastructure Project. That means the infrastructure the project needs will be approved at the national level, […]
Volvo teases new images of the EM90 electric minivan revealing a big boxy back end, new face
Volvo is teasing its first electric minivan, the EM90, again. The new images reveal a big boxy back end and sleek design features. The Swedish automaker gave us our first look at the EM90 in August, announcing it publicly for the first time. We knew Volvo was designing an electric minivan after Qin Peiji, president […]
Stocks off to a choppy start this week, as bond yields push higher
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Stocks mixed Danaher’s spin-off Stick with Eli Lilly 1. Stocks mixed, as bond yields rise U.S. equities were mixed Monday in midmorning trading, with Big Tech outperforming while energy stocks […]
Tesla launches a slightly updated Model Y in China
Tesla has launched a slightly updated Model Y in China with an LED light strip, new wheels, and faster acceleration. It’s not a major update, but it is worth noting. While all eyes are still on the rollout of the new Model 3, Tesla has quietly released an updated version of the Model Y out […]
Harbinger Health raises $140m to study early-stage cancer test
A company focused on the early detection of cancer has raised $140 million in Series B funding to study its blood-based screening test. Harbinger Health will use the funding to complete a 10,000-subject clinical trial on its blood-based multi-cancer screening test. Developers of blood-based multi-cancer screening tests such as Illumina’s Grail use genomic sequencing and […]
Rivian (RIVN) EV deliveries climb in Q3 to beat estimates, on track to hit annual guidance
California-based Rivian (RIVN) beat Q3 analyst estimates Monday as EV deliveries and production continue climbing. As production ramps, the EV maker remains on track to hit its 52,000 target for 2023. Rivian beats Q3 estimates as EV deliveries climb Rivian announced Q3 production and delivery numbers Monday, showing another solid quarter of growth. As demand […]
Drug breakthrough for brain tumour that strikes young people
A new drug could transform how doctors treat a brain tumour that typically strikes younger people, a leading US cancer experts has said. David Schiff, MD, co-director of the University of Virginia Cancer Center’s Neuro-Oncology Center, has authored an editorial in the New England Journal of Medicine describing the potential significance of the drug vorasidenib […]
BETA Technologies cuts ribbon on new Vermont facility; electric aircraft production is underway
All-electric aircraft developer BETA Technologies is putting the finishing touches on a new assembly facility in its native Vermont we learned about earlier this year. With two impressive electric aircraft in its arsenal working to get certified for commercial flights, BETA is already assembling eVTOLs at its new home. Here’s the latest. BETA Technologies is […]