Daily news
April 2, 2023
March 31, 2023
Nikola shares down 15% on secondary stock offering: buy the dip?

Nikola Corp (NASDAQ: NKLA) is trading about 15% down this morning after the electric vehicles company sold its stock at a deep discount. Nikola sold its stock at a 20% discount On Friday, the Arizona-based company raised $100 million via a secondary stock offering that it plans on deploying as working capital. Nikola sold 90 […]

Biotech stock Pacific Biosciences could return 50% in 12 months: TD Cowen

Pacific Biosciences of California Inc (NASDAQ: PACB) is trading meaningfully up on Friday after a TD Cowen analyst turned super bullish on the biotechnology company. Pacific Biosciences stock has upside to $15 Dan Brennan now rates the said biotech stock at “outperform”. He raised his price objective on it to $15 today that suggests more […]

Core PCE rose again in February: time to sell semiconductor stocks?

S&P 500 is up another 1.0% on Friday after the U.S. Bureau of Economic Analysis said the core personal consumption expenditures price index climbed less than expected in February. What does the reading mean for the Fed? Versus the prior month, the Fed’s preferred inflation gauge was up 0.3% versus a 0.4% increase expected. Much […]

Euro zone inflation eased in March: three European stocks to buy

European stocks ended in the green today after the region’s statistical office said consumer prices eased significantly in March. Economist Allen-Reynolds reacts to today’s economic data On Friday, Eurostat confirmed that a meaningful decline in energy prices lowered headline inflation to 6.9% in March. In comparison, consumer prices were up a whopping 8.5% in February. […]

Responsible investing vs. investing in questionable assets

There has been a lot of talk about responsible investing versus what’s considered investment in questionable assets. For example, many funds do not invest in the so-called sin sector or vice funds, with many considering tobacco, alcohol, weapons, adult entertainment, nuclear power and gambling to be questionable investment targets. On the other hand, some investors […]

A look at Donald Trump’s arraignment schedule ahead of Tuesday court appearance
‘Hands off my stove’: New group pushes back against gas stove bans sweeping nation
Trans activists march on state capitols nationwide as cloud of Nashville Christian school shooting looms
Biden visits University of Pennsylvania campus for the first time since classified documents controversy
Biden admin allows immigrants to select gender identity other than birth sex after ‘Trans Day of Visibility’
DeSantis targets Biden in swing state Pennsylvania, says Democratic Party ‘dead’ in Florida
House Republicans accuse NIH of ‘stonewalling’ on ‘supercharged monkeypox experiment’
Trump indictment unlikely to sway Wisconsin Supreme Court race
Trump to travel to New York City Monday before Tuesday arraignment, return to Florida hours later
Ohio Gov. DeWine signs $13.5 transportation budget, rail safety package into law
Pennsylvania Sen. John Fetterman released from hospital after treatment for depression
Former AG Barr slams ‘pathetically weak’ legal theory behind Trump indictment: ‘An abomination’
McConnell silent on Trump’s indictment as House GOP leaders slam ‘weaponized’ justice system
Planned Parenthood sues Missouri AG over investigation into trans procedures
Dems who accused Trump of trying to jail opponents voice support for Trump grand jury indictment
New Mexico Supreme Court blocks local abortion restrictions
House Speaker Kevin McCarthy to join Las Cruces rally for former U.S. Rep. Herrell
Soros family helped push Manhattan DA Bragg into power
New Jersey passes campaign finance overhaul into law
NYC prosecutor behind Trump indictment has faced repeated criticism for being soft on crime
White House mum on Trump indictment
Trump indicted after Manhattan DA probe for hush money payments
Ron DeSantis says he will refuse any extradition request after Trump indictment: ‘Questionable circumstances’
Trump indictment: Eric, Donald Trump Jr blast ‘third-world prosecutorial misconduct’