The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says…

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Frances Newton Stacy, Optimal Capital’s Director of Strategy, joins The Final Round to highlight notable market action and what she expects in the coming weeks.

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The Points Guy ranked Delta as the best airline to fly in 2020.

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(Bloomberg) — Shares of Eastman Kodak Co. have leapt 2,441% higher this week, sending its market valuation to nearly $2 billion, after it won a government loan to help produce ingredients used in key generic medicines to fight the coronavirus.Kodak, the storied photography giant whose business and shares were devastated by the switch to filmless cameras, gained as much as 655% on Wednesday, triggering at least six halts for volatility along the way. More than 110 million shares traded hands, more than 23 times its typical volume. The company’s value climbed to $1.99 billion as of 10:25 a.m. in New York, after closing on Friday shy of $100 million.Kodak shares tripled on Tuesday on news of a $765 million loan to shift part of its factories to produce drug ingredients. The development bank loan was the first of its kind under the Defense Production Act in collaboration with the U.S. Department of Defense, and intended to speed production of drugs in short supply and those considered critical to treat Covid-19, including hydroxychloroquine, the controversial antimalarial drug touted by President Donald Trump.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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Gates said that the spread of the “outrageous” video shows how social media companies struggle to contain damaging misinformation before it gains wide attention.

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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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William McMullen became the CEO of The Kroger Co. (NYSE:KR) in 2014, and we think it's a good time to look at the…

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Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that…

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Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500's (NYSE: SPY) total return for the decade was 250.5%. But there's no question some big-name stocks did much better than others along the way.Nokia's Difficult Decade: One underperformer of the last decade was telecom and consumer electronics giant Nokia Oyj (NYSE: NOK).Nokia's decade was defined by a doomed partnership and ultimately a major strategic pivot away from its legacy smartphone business.In 2009, Nokia's global brand value was ranked fifth in the world, according to Interbrand. By 2014, its brand value had plummeted to 98th place.In 2011, Nokia announced a strategic partnership with Microsoft Corporation (NASDAQ: MSFT) to adopt Windows as its primary smartphone operating system. Afte reporting its first quarterly loss in 19 years in the second quarter of 2011, Nokia launched the Lumina 800, its first Windows Phone, in November 2011.The Windows Phone was a massive flop, and Nokia simply couldn't compete with the Apple, Inc. (NASDAQ: AAPL) iPhone. In mid-2013, Nokia sold its entire mobile and devices division to Microsoft.Nokia shares started the 2010s trading at $13.35 and hit their decade high of $15.89 within months. But high hopes for Windows Phones evaporated quickly. By late 2012, Nokia shares hit their decade low of $1.63 on concerns a potential bankruptcy could be imminent.Hope was briefly rekindled with the launch of the high-end Lumina 920 in September 2012. But the sale of the hardware division to Microsoft was the biggest catalyst during that period, sending the stock as high as $8.73 by late 2014.Since that peak, Nokia shares have drifted steadily lower throughout the years. The stock hasn't traded above $5 since late 2019.2020 And Beyond: Nokia shares were hammered in early 2020 during the broad market COVID-19 sell-off, and the stock dropped to as low as $2.34, its lowest point since 2012. While the stock has since rebounded to around $4.34 on hopes that a 5G rollout could drive additional upside, Nokia has still delivered underwhelming overall performance over the past 10 years.In fact, $1,000 worth of Nokia stock in 2010 would be worth about $664 today, assuming reinvested dividends.Looking ahead, analysts expect Nokia's rebound from the March low to continue in coming months. The average price target among the 29 analysts covering the stock is $5, suggesting 15.3% upside from current levels.See more from Benzinga * Option Trading Volume Higher Than Underlying Stock Volume For First Time Ever * Kodak Had Some Very Suspicious Trading Activity Ahead Of Drug News * Unusually Large Newmont Option Trades Suggest Gold Prices Could Be Headed Even Higher(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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