Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (163798)	10/17/2020 6:37:45 AM
From: Julius Wong	Respond to of 217822

Nikola -15% on CEO's 'go it alone' comments Oct. 16, 2020 12:50 PM ET\|About: Nikola Corporation (NKLA)\|By: Clark Schultz, SA News Editor Nikola (NASDAQ: NKLA) falls sharply after CEO Mark Russell says he sees a path for the company even if it can't work out a deal with General Motors (NYSE: GM) on a strategic partnership. "We have the ability and we have a base plan of doing it ourselves. If we have a partner, that just enables us to consider going faster and helps reduce the risk," states Russell. Nikola is prepared to drop the Badger truck from its production plans if it can’t secure an agreement with an original equipment manufacturer like GM. Talks between Nikola and GM are said to be still going on.

To: TobagoJack who wrote (163798)	10/17/2020 6:39:07 AM
From: Julius Wong	Read Replies (1) \| Respond to of 217822

Live updates: U.S. surpasses 64,000 new coronavirus infections two days in a row for first time since late July People dine in plastic tents at a Manhattan restaurant on Thursday. (Angela Weiss/AFP/Getty Images) 11:00 p.m. Should you get a coronavirus test if you think you have a cold? There may be ‘no right answer.’ By Elizabeth Chang If you fell ill last winter, it probably didn’t really matter whether your sore throat and sniffles were the result of a cold or the flu. This year, with covid-19 added to the mix of look-alike winter maladies, it’s more important to know which virus is causing your illness, because the coronavirus is so contagious and can result in such serious outcomes. The Centers for Disease Control and Prevention recommend that people with any symptoms of covid-19, the illness caused by the novel coronavirus, be considered for testing. However, not all experts agree that those with mild symptoms resembling a cold should. Italian governor says covid-19 means no parties for Halloween, which is ‘a huge American stupidity’ anyway By Adam Taylor Vincenzo De Luca, the forthright Italian governor who heads the southern Campania region, said that the rise in coronavirus cases in the country should curtail any planned Halloween parties. “Halloween is this huge stupidity. A huge American stupidity which we have imported into our country,” De Luca said in a video posted to his Facebook page, where he has over 1 million fans, according to a translation by Reuters News Agency. To stop late-night parties, the governor said, he would be imposing a 10 p.m. curfew on the weekend surrounding Oct. 31. It would be a “total curfew,” he explained, meaning transiting home after this time would not be allowed. “With these numbers, you cannot joke,” De Luca said, adding that the aim was to keep up to 90 percent of the economy running by people taking simple measures like wearing masks and no “irresponsible outings at night.” De Luca is a popular center-left politician in Campania, a region that includes Naples, and he easily won reelection in September. In March, he had threatened strong action after rumors of students planning a graduation celebration. “We’ll send the police,” he said. “We’ll send them in with a flamethrower.” Here’s what happened when unemployment benefits ran out, study shows When the $600 weekly unemployment benefits expired at the end of July, millions of households were left to burn through their savings and choose between spending on rent, utilities and groceries. Researchers at the JPMorgan Chase Institute and the University of Chicago analyzed banking data from roughly 80,000 households receiving unemployment, outlining how the uptick in jobless benefits boosted unemployed people’s spending and savings — and how Americans are plunged into poverty without the safety net. After the weekly supplement expired, the federal government instituted a $300 weekly benefit through the Lost Wages Assistance program, but it was slow to distribute its limited funds to eligible households. And by Oct. 7, according to the study, those funds were already depleted for at least 36 states. Unemployed spending increased by 22 percent with benefits and slid by 14 percent in August when the $600 weekly supplement expired, according to the study. And between March and July, unemployed people doubled their liquid savings, but two-thirds of that savings disappeared just in August. Researchers pointed out that the fall in spending by unemployed people is impactful enough on aggregate consumption that the broader economy could suffer without the additional stimulus aid — talks of which are potentially stalled for another month. “Eventually, without further government support or significant labor market improvements, jobless workers may exhaust their accumulated savings buffer, leaving them with a choice to further cut spending or fall behind on debt or rent payments,” the study reads. “Policymakers can support aggregate consumption and financial stability among the unemployed by renewing some form of government support.” washingtonpost.com