Kodak's stock skyrocketed by over 500% in intraday trading, taking Wall Street by surprise after mostly flatlining in recent years.
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The Federal Reserve on Wednesday maintained interest rates at near-zero, noting that economic activity and employment have “picked up somewhat in recent months” but cautioning that the virus needs to be contained. Yahoo Finance’s Brian Cheung joins Akiko Fujita to discuss.
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As construction starts on the Tesla Inc (NASDAQ: TSLA) Gigafactory in Austin, Texas, Tesla fans are looking forward to receiving their Tesla Cybertruck. A new tweet from CEO Elon Musk confirms the truck's cold-rolled stainless steel can be given various colors with a simple heat treatment.Responding to a fan asking if Cybertruck's steel can be tempered, Musk simply responded "Yes." Stainless steel can be tempered many different shades, depending on the temperature used. This would give a permanent look to the metallic surface> Different colors the CyberTruck can be tempered: pic.twitter.com/GQnyHTCRlC> > — K10✨(C)️ (@Kristennetten) July 26, 2020Benzinga's Take: This is great news for fans that weren't initially impressed with Cybertruck's looks. The stainless steel look was quite controversial at the reveal, and the lack of paint took away one of the main customization options on a vehicle. Many fans also are looking forward to putting a custom wrap on their Cybertruck, which is an option Musk endorsed back in April.See more from Benzinga * Tesla's Battery Production In Germany Will Bring 'Completely New Batteries': Report * Hundreds Of Tesla Model 3s Arrive in Hong Kong For Delivery: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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McLain Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -15.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned 20.5% in the same quarter. However, you should check out McLain Capital's top 5 stock picks […]
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