16Mar2021 Midday Update: Volkswagen Shares Soar As It Declares War On Tesla,DOW Fails To Make New Record Down153, SP 500 New Record -0.0% Flat, Nasdaq +0.7%, US Dollar Rises 91.90

Here is the current market situation from CNN Money

North and South American markets are mixed today. The IPC is up 0.27% while the S&P 500 gains 0.02%. The Bovespa is off 0.81%.

Volkswagen Shares Soar As It Declares War On Tesla

Look out, Tesla. There could be another mainstream FOMO electric vehicle stock coming. VW common shares soared as much as 29% this morning – the most since the company’s historic 2008 short squeeze – and VW preferred shares were up 6% after the company upgraded its profit guidance laid out plans for expanding the company’s EV offering out through 2030 which also includes dethroning Tesla as the reigning EV world champ. VW hosted its “Power Day” yesterday and revealed plans to build six “gigafactories” with a total capacity of 240-gigawatt hours

UK Faces Decline In Oil Production

The UK oil industry is facing a marked decline in production due to a drop in investment amid the pandemic, Bloomberg reports, citing data from Oil & Gas UK. Oil production in the country already declined by 5 percent annually last year and will continue down, as spending on development and operations took a 23-percent dive to the lowest level since 2004, the industry body said. Most companies in our industry remain in a fragile state, even as economies start to reopen, chief executive Deirdre Michie said. This year is

Oil Extends Losses On Renewed Demand Concerns

Oil prices fell for the third day in a row on Tuesday as the third wave of coronavirus infections in Europe and slowing vaccine rollouts in the EU added to a stronger U.S. dollar to weigh on the market. As of 10:23 a.m. EDT on Tuesday, WTI Crude prices had dropped below the $65 a barrel mark and were trading at $63.87, down by 2.29 percent on the day. The prompt Brent Crude price was also down, by 1.93 percent at $67.61. While data from Asia and the United States point to a rebound in fuel demand, some major economies in Europe are headed toward

Tesla Crash Prompts More Safety Investigations

The National Highway Traffic Safety Administration has initiated an investigation into a Tesla crash in Detroit earlier this month that involved a tractor-trailer. The agency was made aware of the violent crash that occurred on March 11 in Detroit involving a Tesla and a tractor-trailer. We have launched a Special Crash Investigation (SCI) team to investigate the crash, Reuters quoted the NHTSA as saying. CNBC reported that, according to the Detroit police department, the crash occurred when the driver of a Tesla hit a semi-truck

U.S. Solar Industry Books Record Growth Amid Pandemic

The U.S. solar industry recorded record growth last year despite the pandemic, with 19.2 GW in new capacity added, for a 43-percent increase over 2019, according to a new report from Wood Mackenzie and the Solar Energy Industries Association. Residential deployments rose 11 percent on 2019, the report noted, while non-residential deployment declined by 4 percent, both affected by the pandemic. Utility-scale installations accounted for the bulk of new solar additions, however, with a total of almost 14 GW. After a slowdown in Q2 due to the

Saudi Arabia Must Prepare For More Attacks On Its Oil Industry

As highlighted in OilPrice.com just after the last major attack on Saudi Arabian oil facilities on 14 September 2019, there are many positive aspects from Irans perspective in pursuing such a strategy. If it had not been for Irans uncertainty about how former U.S. President Donald Trump might have reacted in the run-up to presidential elections in 2020 then there might well have been more such attacks before those most recently launched on 4 and 7 March. Although major direct action against Iran by the U.S. [for the 14 September

Meet Ford’s new pursuit-rated F-150 pickup for police

Commercial vehicles such as police responders, which Ford leads, is a concentration of the company under Ford CEO Jim Farley.

GE Healthcare launches new wireless hand-held ultrasound as CEO eyes growing market

According to the 510(k) clearance from the FDA, the Vscan Air can also be deployed in a home environment and in road and air ambulances.

With $1 billion on the line, March Madness is ready for its comeback

CBS Sports and Turner Sports bring in $1 billion in advertisement for the NCAA Men’s Tournament which could attract more than 20 million TV viewers.

Ford announces $2 billion convertible notes offering

Ford intends to use the net proceeds from the five-year bond offering for general corporate purposes, including the potential repayment of debt.

GM and Ford take cues from Tesla’s success, but try to avoid Musk’s mistakes

Tesla has pushed GM and Ford to accelerate plans for EVs and in-vehicle technologies, but Elon Musk’s automaker is learning a few things himself as well.

A year later, Trump’s ’15 days to slow the spread’ campaign shows how little we knew of Covid

“There was so much we didn’t know about this disease at the time,” former Baltimore health commissioner Dr. Leana Wen said.

Dick’s Sporting Goods launches its own men’s athleisure line, rivaling Lululemon

Items in the VRST line retail anywhere from $30 to $120, putting it on the higher end of the market when it comes to prices.

Start-up Dutchie to buy cannabis retail software developers Greenbits, LeafLogix

Dutchie plans to acquire software companies Greenbits and LeafLogix in an effort to streamline e-commerce tools for its dispensary partners.

Walmart taps designer, Project Runway judge Brandon Maxwell to elevate its fashion labels

The big-box retailer has bought apparel brands and launched its own, but it is still better known for low prices than high fashion.

Ex-Biden health advisor: Nations halting AstraZeneca’s Covid vaccine acting on emotion, not data

Countries pausing AstraZeneca’s Covid vaccine appear to be making decisions based on citizens’ worries, not data, Dr. Ezekiel Emanuel told CNBC.

Doctors baffled as countries suspend use of AstraZeneca vaccine over blood clot fears

Health experts say they are disappointed and confused by the flurry of suspensions of the coronavirus vaccine developed by Oxford-AstraZeneca.

Cramer says it’s a ‘good time to invest in stocks as U.S. economy recovers from Covid

“The money is coming here,” CNBC’s Jim Cramer said Tuesday, arguing investors should be in the stock market as the economy recovers from the pandemic.

Volkswagen CEO says he wants to ‘get close and then overtake’Â Tesla

On Monday, VW announced plans to establish six “gigafactories” in Europe by the end of the decade.

Ford chooses Dagenham for new Transit engines

The company says the move will help to safeguard jobs at the site, which currently employs 1,900 people.

Greggs to open shops despite first loss in 36 years

The bakery chain is confident of long-term recovery despite sales being hit amid the pandemic.

Football Index collapse: ‘I lost £4,000 in seven days’

Users of the betting company say they have lost thousands of pounds after the operation was suspended.

Carlyle to sell 4% stake in SBI Cards for $514 million

The sale price has been fixed at Rs 981.80 to Rs 1,022.10 apiece, upto 3.9% discount to Tuesday’s closing price of Rs 1022. As of December 31, 2020, CA Rover Holdings held 15.86% stake in the company.

Suryoday Small Finance Bank raises Rs 170 crore from anchor investors

The allocation covered 29% of IPO size and 68.4% of the total fresh issue which is set to hit the market for general subscription Wednesday. The price band for the issue is pegged at Rs 303-305 per share.

FOMC meet a chance for Fed to embrace the market’s optimism

Chair Jerome Powell’s language in recent speeches has stressed that the factors needed to justify raising rates will be much different than in the past. The new framework is about waiting for economic outcomes to be achieved before increasing rates.

February 2021 Headline Industrial Production Declines Due To Weather

Written by Steven Hansen

The headlines say seasonally adjusted Industrial Production (IP) declined month-over-month – and remains in contraction year-over-year. Our analysis shows the three-month rolling average marginally improved.

: Want to win your March Madness pool? Avoid these four mistakes

College basketball fans have a 1 in 9.2 quintillion chance of a perfect bracket, but don’t let perfection stop you from filling out a bracket.

Where Should I Retire?: We want to retire in a mild-weather spot near the ocean and a top cancer hospital ” where should we go?

This couple also wants to have a rescue dog but no throngs of tourists.

NewsWatch: Value stocks are making a comeback. Don’t get left behind, these analysts say

There’s still room to run for value stocks, analysts at Truist Advisory Services say.