Investment

Bangladesh Sees Investment Boost as Japanese Firms Leave China – Yahoo Canada Finance

Published

4 years ago

February 15, 2021

Harry Miller

The Canadian Press

New Jersey Devils practice for the first time since Jan. 31

The New Jersey Devils are back at work after 19 players landed on the NHL’s COVID-19 list and forced the postponement of seven games since the end of January. The Devils, who play the Rangers on Tuesday, practiced Monday for the first time since beating the Sabres in Buffalo on Jan. 31. Over the next three days after that game, 11 players were added to the NHL’s list of players unavailable because of COVID-19, pushing the Devils’ total to 17. The list reached 19 on Feb. 9. “It’s kind of unfortunate and it’s kind of crazy how fast it spreads,” forward Miles Wood said Monday. “I think that’s the scariest part. You know, it took down a team within a matter of three days, so it’s very serious. ” Goaltender Mackenzie Blackwood was the first to test positive on Jan. 20. Veteran Travis Zajac, who is two games shy of his 1,000th regular-season game with New Jersey, was sidelined before the Jan. 29 game in Buffalo. Kyle Palmieri got his positive test on the morning of the 31st and then things mushroomed after the team arrived in Pittsburgh for a game on Feb. 2. The NHL shut down the Devils, forcing the team to send players home in two groups, those in the isolation group and those healthy. Wood didn’t test positive. He had COVID-19 before training camp opened this year, so a lot of players asked him what to expect. He said he had a head cold. However, he knew of others who had high fevers. Palmieri, who practiced Monday, said he felt nothing for couple of days after his positive result. Two or three days after the result, the symptoms developed and lasted until the end of the week. His sense of smell is just returning. Zajac, who went into the protocol a few days before Palmieri, remains in it. Blackwood said he had a bad cough and a hard time breathing. He is just rounding back into shape, and said he’s ready for the Rangers in New York if called upon since the team has been off for two weeks. He also said seeing the team come down with COVID-19 was “crazy.” “I didn’t expect that to happen, but my thoughts were just: ‘I hope this isn’t because of me,’” Blackwood said. Palmieri doesn’t believe the Devils did anything wrong to cause the spike. He said players have been wearing their masks, eating meals in their hotel rooms and holding each other accountable. “We’re spending an hour or two hours, however, over the course of a game next to each other on a bench breathing heavily and and I mean, playing hockey is a tough sport,” he said. “You’re coming back and you’re pretty gassed and you’re trying to catch your breath. So that’s a lot of close contact, heavy breathing. You read enough about this virus, that’s probably one of the worst things you can do is long extended times of heavy breathing among people without masks.” Palmieri admits there has been some anxiety the past two weeks. Players have been concerned about keeping their families healthy and possible long-term effects of having had COVID-19. “You think about every scenario going through your head and what could happen,” Palmieri said. “But hopefully, as we all start to come back, everyone returns to full health. And like I said, we get back to playing hockey and doing the thing we love.” Devils coach Lindy Ruff has told his team to treat the past two weeks like a reset. He felt the team was playing well before the break. He wants his players to focus on defence and taking short shifts on Tuesday. Special teams were covered on Monday along with getting the players to skate and improve their stamina. “I don’t think any coach has really dealt with anything like this and, you know, to have that number of players go out and now have to have a reset,” said Ruff, who has spent nearly two decades as an NHL head coach. “I think you can find lots of excuses, you know, that you could lose a game. I want to find reasons we can win.” Wood said playing the Rangers will help. It’s a rivalry game and he said there is no reason the Devils won’t be up for it. “We have a lot of young guys on the team and, to be honest, I don’t think it’s going to affect us that much,” Wood said. “I think the adrenaline will take over and we’ll be right back to game shape.” ___ More AP NHL: https://apnews.com/hub/NHL and https://twitter.com/AP_Sports Tom Canavan, The Associated Press

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Investment

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

Published

3 days ago

November 6, 2024

Anne Joseph

NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.

Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.

“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”

Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.

Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.

Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.

Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.

The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.

And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.

Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

The stock is now showing a 16.1% gain for the year after rising the past two days.

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Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

4 weeks ago

October 16, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

4 weeks ago

October 11, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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