15 May

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Italy’s ERG pledges 2.1 billion euros to become pure green By Reuters

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By Stephen Jewkes and Rita Plantera MILAN (Reuters) -Italy's ERG pledged on Friday to spend 2.1 billion euros ($2.5 billion) over the next five years to complete its transition to an entirely renewable company and drive earnings. Already Italy's biggest wind operator, which generates some 60% of earnings from wind power, ERG said it aimed to add 1.5 gigawatts (GW) of capacity by 2025, boosting its solar business and selling assets to become a purely green player. The planned sale of hydroelectric and thermoelectric plants will also speed up the process to create a pure wind...

15 May

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Plantronics Plunges On Fears Supply Chain Issues Could Hurt Results By Investing.com

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By Dhirendra Tripathi Investing.com – Plantronics (NYSE:PLT) shares plunged 24% as a weak guidance and supply chain bottlenecks spooked traders. Absent supply shortages, the company said it believes demand would support sequential revenue growth after the March quarter. But the lack of available components like chips that go into its products could play spoilsport. It thus forecast numbers that are sequentially lower. The company forecast GAAP net revenues in the June quarter to come between $410 million and $430 million, down almost 10% to nearly 14% from the $476 million it clocked in the March quarter....

15 May

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Exclusive: Tesla in talks with China’s EVE for low-cost battery supply deal – sources By Reuters

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SHANGHAI/HONG KONG (Reuters) - Tesla Inc is in talks with Chinese battery maker EVE Energy Co to add the firm to its Shanghai factory supply chain, four people familiar with the matter said, as it seeks to boost procurement of lower cost batteries. EVE makes lithium iron phosphate (LFP) batteries, which are cheaper to produce because they use iron instead of more expensive nickel and cobalt. But LFP batteries generally offer a shorter range on a single charge than the more popular nickel/cobalt alternative. EVE would become the second supplier of LFP batteries to...

15 May

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GE Gains as Citi Upgrades on Turnaround By Investing.com

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By Dhirendra Tripathi Investing.com – General Electric (NYSE:GE) shares were up 1.5% Friday as Citi (NYSE:C) upgraded the stock to buy, saying it sees the once-iconic company is on track for a turnaround. The brokerage has pegged $17 as the target for the stock, a Street-high and a near 30% rise from the current level of $13.16. Citi analyst Andrew Kaplowitz based his faith on all-round improvement in execution for his optimism on the stock price, according to StreetInsider. The analyst believes that while clean energy may not be a driver of...

15 May

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New Royal Mail stamps feature different looks of Prince Philip By Reuters

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(Reuters) - Britain's Royal Mail (LON:RMG) invited orders on Thursday for four new stamps in memory of Prince Philip, the late husband of Queen Elizabeth, who died last month. The stamps, which will be available from June 24, feature https://shop.royalmail.com/special-stamp-issues/duke-of-edinburgh/in-memoriam-hrh-the-duke-of-edinburgh-miniature-sheet black and white photographs of the royal, officially known as the Duke of Edinburgh, over the years. The images show Philip at different ages wearing a suit, sporting a bowler hat, and dressed in naval uniform. Philip, who died on April 9 aged 99, was married to Queen Elizabeth for more than seven decades...

14 May

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Tesla Gains After Morgan Stanley Sees Buying Opportunity By Investing.com

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By Dhirendra Tripathi Investing.com – Tesla (NASDAQ:TSLA) shares rose 1% Friday, a bounce after Morgan Stanley (NYSE:MS) reiterated its overweight on the stock after the recent battering. Analyst Adam Jonas also reiterated his $900 target for the stock, a level last seen in January. The stock is since down by more than one-third, an opportunity Jonas believes should be grabbed. The analyst thinks much of the concern around the electric vehicle maker, particularly its reported troubles in China, are overblown. A Reuters report Tuesday said the company has halted plans to buy...

14 May

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S&P 500 Ends Week in Red Despite Signs Tech, Value Can Co-Exist By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 ended the week in the red Friday despite a rebound in tech and a rally in economically-sensitive value stocks amid optimism the consumer remains in good shape to support the recovery. The S&P 500 rose 1.49%, the Dow Jones Industrial Average added 1.06% to 360 points, and Nasdaq Composite gained 2.3%. The weekly loss for the broader market followed a wobble early this week, when fears of runaway inflation prompted investors to hit pause on the stocks. Retail sales were flat in April, after an upwardly revised 10.7% jump...

14 May

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Musk’s bitcoin turnaround pleases some Tesla investors By Reuters

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By Simon Jessop and Ross Kerber LONDON/BOSTON (Reuters) - Elon Musk's decision to stop accepting bitcoin as payment over environmental concerns has been well-received by some of Tesla Inc's investors, offering a warning to corporate peers mulling a dabble with the cryptocurrency. The Tesla boss' tweets, which had helped drive some of the gains in bitcoin in recent months, this week triggered a 17% slide in the value of the cryptocurrency when he said his company's customers would no longer be able to use bitcoin to buy its cars. Driving the decision, Musk said, was concern...

14 May

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Big promises, few doses: why Russia’s struggling to make Sputnik V doses By Reuters

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By Polina Nikolskaya and Polina Ivanova MOSCOW (Reuters) -Transforming the site of what once was a Soviet-era car factory into a state-of-the-art facility churning out Russia's COVID-19 vaccine Sputnik V was the easy bit. Making doses in bulk, finding qualified staff and getting equipment have been much bigger headaches for Moscow-based biotech firm R-Pharm and other private Russian companies picked to make the country's flagship shot to fight the pandemic. President Vladimir Putin has trumpeted the vaccine around the world, and said in March that Russia had signed agreements for the production of 700 million...

14 May

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Canada shares higher at close of trade; S&P/TSX Composite up 1.27% By Investing.com

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Investing.com – Canada equities were higher at the close on Friday, as gains in the Energy, Healthcare and Clean Technology sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 1.27%. The biggest gainers of the session on the S&P/TSX Composite were SNC-Lavalin Group Inc . (TSX:SNC), which rose 16.11% or 4.47 points to trade at 32.21 at the close. AcuityAds Holdings Inc (TSX:AT) added 9.08% or 0.930 points to end at 11.170 and Village Farms International Inc (TSX:VFF) was up 9.17% or 0.88 points to 10.48 in...

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Italy’s ERG pledges 2.1 billion euros to become pure green By Reuters

Plantronics Plunges On Fears Supply Chain Issues Could Hurt Results By Investing.com

Exclusive: Tesla in talks with China’s EVE for low-cost battery supply deal – sources By Reuters

GE Gains as Citi Upgrades on Turnaround By Investing.com

New Royal Mail stamps feature different looks of Prince Philip By Reuters

Tesla Gains After Morgan Stanley Sees Buying Opportunity By Investing.com

S&P 500 Ends Week in Red Despite Signs Tech, Value Can Co-Exist By Investing.com

Musk’s bitcoin turnaround pleases some Tesla investors By Reuters

Big promises, few doses: why Russia’s struggling to make Sputnik V doses By Reuters

Canada shares higher at close of trade; S&P/TSX Composite up 1.27% By Investing.com

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