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Reuters
Germany relaxes restrictions for travelers from UK and other countries
BERLIN (Reuters) -Germany’s public health institute said on Monday the United Kingdom, India, Nepal, Portugal and Russia were no longer “areas of variant concern”, reducing travel restrictions for people arriving from those countries. All five countries had been downgraded to “high incidence areas”, the Robert Koch Institute said, meaning their citizens can now travel to Germany and quarantine on arrival for 10 days. The quarantine period can be shortened to five days if they test negative for COVID-19, and people who are fully vaccinated can avoid quarantine altogether.
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MarketWatch
OPEC+ calls off output talks again Monday, leading crude oil prices to surge
Oil prices rose on Monday, driven higher after the OPEC+ group of producers again called off talks on output levels, failing in its third attempt to resolve a deadlock on increasing production, and leaving the oil market facing tight summer supplies and rising prices, Reuters, Bloomberg and the Wall Street Journal reported.
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Insider Monkey
10 Stocks Reddit’s WallStreetBets is Buying in July 2021
In this article, we discuss the 10 stocks Reddit’s WallStreetBets is buying in July 2021. If you want to skip our detailed analysis of these stocks, go directly to the 5 Stocks Reddit’s WallStreetBets is Buying in July 2021. Reddit forum WallStreetBets, with a user base of more than 10.6 million, has become one of […]
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Bloomberg
Down $831 Billion, China Tech Firm Selloff May Be Far From Over
(Bloomberg) — China’s technology giants have seen a combined $823 billion wiped from their market value since a February peak, with Beijing’s expanding crackdown on the sector fueling investor concern that the selloff is far from over.Authorities on Tuesday issued a sweeping warning to the nation’s biggest companies, vowing to tighten oversight of data security and overseas listings just days after Didi Global Inc.’s contentious decision to go public in the U.S. That has put further selling pre
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Motley Fool
Why Carnival Shares Dropped on Tuesday
The stock of cruise line operator Carnival (NYSE: CCL)(NYSE: CUK) was down as much as 4.3% at midday Tuesday after the company announced a big debt repurchase. Carnival has announced a tender offer for its 11.5% senior secured notes due 2023, which could cost up to $2 billion. Carnival took out billions in debt and sold stock as well just to survive the pandemic.
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TipRanks
3 Under the Radar Penny Stocks With Triple-Digit Gains in Sight
Let’s take a look away from the headline-grabbing market giants, and head into the world of penny stocks. Traditionally, these were stocks priced at just pennies per share – that’s the old English copper penny, when it was 240 pence to the pound – but nowadays the ‘pennies’ are stocks with share prices under $5. The penny stocks offer retail investors a series of advantages, all connected. Their low price makes the cost of entry to the market affordable – a relatively small investment can net a
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Motley Fool
Why Tesla Stock Fell on Tuesday
Shares of Tesla (NASDAQ: TSLA) fell on Tuesday, down 3.7% at 12:25 p.m. The electric-car maker’s stock was down likely for two primary reasons: a bearish day for the stock market overall and some comments from Tesla CEO Elon Musk over the weekend about how rolling out self-driving-like features for its vehicle fleet has been more difficult than expected. In response to a Tesla owner teasing Musk on Twitter for missing a deadline to roll out the next beta version of Tesla’s “self-driving” technology (which notably requires drivers to be fully attentive at the wheel and ready to take over), the CEO admitted over the three-day weekend that he hadn’t expected achieving “generalized self-driving” to be “so hard, but the difficulty is obvious in retrospect.”
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Motley Fool
Why UIPath Stock Fell 15% in June
Shares of UIPath (NYSE: PATH) fell 15% in June, according to data from S&P Global Market Intelligence. As to the specifics from its quarterly report, revenue was up 65% year over year to $186 million. Free cash flow was negative $20.1 million in the period, but that’s because UIPath is spending heavily to maximize its expansion right now.
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Motley Fool
Avoid Workhorse — This Electric Vehicle Company Is a Better Investment
Electric vehicle (EV) company Workhorse Group (NASDAQ: WKHS) recovered some lost stock value last month as it prepares a lawsuit to win back a $482 million U.S. Postal Service (USPS) contract that slipped through its fingers earlier this year. While Workhorse could triumph in the Postal Service legal contest eventually, another sector company looks bullish for EV investors based on its current merits rather than on its hypothetical future successes: Magna International (NYSE: MGA). It has a private sector order for 6,320 electric delivery trucks from Pride Group Enterprises.
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Motley Fool
Why DouYu Is Down 15% Today
China’s biggest video game watching services aren’t going to be allowed to become a monopoly after all.
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Bloomberg
Chinese EV Maker XPeng Ends Flat in Hong Kong Trading Debut
(Bloomberg) — XPeng Inc. ended flat in its Hong Kong trading debut after becoming the first Chinese electric-vehicle maker to finish a so-called homecoming share sale that raised $1.8 billion.The shares, which opened at HK$168, fluctuated throughout the session before ending at HK$165, the same as their offer price. The company went public in the U.S. last August, and its New York-listed shares have almost tripled from their IPO price.XPeng’s Hong Kong debut comes as China’s expanded crackdown
