The Solar Energy Industries Association, American Clean Power Association (ACP), and other clean energy advocacy groups united to bring a $5 million campaign against President Biden and the Commerce Department to end the investigation.
We’re not so sure about the whole “shared lunches” thing, but we are sure there will be plenty of celebration here in the UK.
Didi shares plunged 44% on Friday and are now 87% below the IPO price last year.
The dramatic drop is worrisome for SoftBank and Uber, the Chinese company’s two largest shareholders.
Both companies have already taken a hit on the investment.
The Federal Reserve’s first increase in interest rates since before the pandemic was well broadcast, and markets may have little reaction if the central bank carries out its quarter-point hike Wednesday.
Investor focus remains on Ukraine, which continued to rattle markets in the past week, creating volatile swings in oil and sending stocks lower.
The Fed’s rate hike is expected, but investors will be watching to see what the central bank has to say about inflation and the economy, as well as its projections for future rate hikes.
ADRs are securities that represent shares of non-U.S. companies, and they are traded on U.S. exchanges.
The act, which was passed in 2020, permits the SEC to ban companies from trading and be delisted from U.S. exchanges if American regulators are not able to review company audits for three consecutive years.
Jeff Bezos’ space company Blue Origin on Thursday completed the fourteenth test flight of its New Shepard rocket booster and capsule.
CNBC has learned that NS-14 also marked one of the last remaining steps before Blue Origin flies its first crew to space, with Thursday’s flight the first of two “stable configuration” tests.
Blue Origin aims to launch the second test flight within six weeks, or by late February, and the first crewed flight six weeks after that, or by early April, people familiar with the company’s plans told CNBC.
Crossbridge Capital CIO Manish Singh expects the pound this year to hold at its current level against the dollar (around $1.3626 at the time of writing) or head to $1.40.
He said the pound would only move higher than the $1.40 mark next year, “on the benefits of Brexit accruing over time.”
Disney and Caterpillar rose 3.3% and 2.3%, respectively, to lead the Dow higher. Energy was the best-performing sector in the S&P 500, jumping nearly 2%.
Wednesday’s move higher came after a British regulator approved a coronavirus vaccine developed by the University of Oxford and AstraZeneca for emergency use. The approval followed the discovery of a new Covid strain in the U.K., which has also been confirmed in the U.S.
President Donald Trump briefly emerged to tout the Dow Jones Industrial Average breaking 30,000 for the first time ever, and then vanished after a minute without taking questions.
The president’s brief appearance came less than a day after his administration took a major step toward the transition to Joe Biden’s presidency.
Trump, three weeks after Election Day, still has not conceded the race to Biden.
“I certainly wouldn’t want to be net short the market,” said billionaire investor Stanley Druckenmiller.
Druckenmiller’s comments came as U.S. stocks ripped higher on news that a coronavirus vaccine candidate from Pfizer and BioNTech was highly effective during a late-stage trial.
