TOP 5 STOCKS TO WATCHOUT (22-01-2021):-

TOP 5 STOCKS TO WATCHOUT (22-01-2021):-

1.GOOGLE- Google parent Alphabet Inc is shutting down its internet balloon business, Loon, which aimed to provide a less expensive alternative to cell towers, saying on Thursday that it was not commercially viable.

Founded in 2011, Loon aimed to bring connectivity to areas of the world where building cell towers is too expensive or treacherous by using balloons the length of tennis courts to float solar-powered networking gear high above the Earth. But the wireless carriers that Loon saw as buyers of its technology have questioned its technical and political viability.

“While we’ve found a number of willing partners along the way, we haven’t found a way to get the costs low enough to build a long-term, sustainable business,” Loon Chief Executive Alastair Westgarth said in a blog post.

Rich DeVaul, a founder of the project who is no longer with Alphabet, added that surging demand for mobile connectivity made towers cost-effective in more of the world than he had estimated a decade ago, diminishing the need for Loon.

2.TESLA :-Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise a $100 million prize for development of the “best” technology to capture carbon dioxide emissions.

Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check, but very little progress has been made on the technology to date, with efforts focused on cutting emissions rather than taking carbon out of the air.

The International Energy Agency said late last year that a sharp rise in the deployment of carbon capture technology was needed if countries are to meet net-zero emissions targets.

“Am donating $100M towards a prize for best carbon capture technology,” Musk wrote in a tweet, followed by a second tweet that promised “Details next week.”

Tesla officials did not immediately respond to a request for additional information.

Musk, who co-founded and sold Internet payments company PayPal Holdings Inc , now leads some of the most futuristic companies in the world.

Besides Tesla, he heads rocket company SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.

3.AMAZON:- Amazon Inc said on Thursday it will open a pop-up clinic in its Seattle headquarters on Jan. 24 with an aim to vaccinate 2,000 eligible members of the public against COVID-19 on the first day.

Amazon Senior Vice President of Global Corporate Affairs Jay Carney, who announced the plan in a news conference with Washington Governor Jay Inslee, said a company executive will be working with Washington State’s Vaccine Command Center.

The clinic will be hosted in partnership with Virginia Mason Franciscan Health.

The move came a day after Reuters reported that Amazon had offered to help with the United States’ efforts involving the COVID-19 vaccine, citing a letter addressed to President Joe Biden.

The State currently allows people aged 65 and older and people 50 and older living in a multi-generational household to get vaccinated. It has yet to grant doses for the vaccination of warehouse employees, such as Amazon’s.

The company employs more than 800,000 people in the country and more than 19,000 U.S. workers at Amazon had contracted the virus as of September, underscoring the vaccine’s importance in keeping its staff safe and warehouses operational.

4. INTEL:-Intel Corp ‘s financially sensitive information was stolen by a hacker from its corporate website that prompted the company to release its earnings statement ahead of schedule, the Financial Times reported on Thursday, quoting the chief financial officer.

CFO George Davis did not provide more details, but said that the leak was the result of an illicit action that had not involved any unintentional disclosure by the company itself, according to the report.

 5.FORD:- Ford Motor Co said on Thursday it will recall 3 million vehicles for air bag inflators that could rupture, at a cost of $610 million.

The National Highway Traffic Safety Administration on Tuesday ordered Ford to issue the recall for driver-side air bag inflators, rejecting the automaker’s 2017 petition to avoid it.

The defect, which in rare instances leads to air bag inflators rupturing and sending potentially deadly metal fragments flying, prompted the largest automotive recall in U.S. history of more than 67 million inflators. Worldwide, about 100 million inflators installed by 19 major automakers have been recalled.

The recall includes 2.7 million U.S. vehicles. Ford will include the cost in fourth-quarter results.

The vehicles were previously recalled for passenger-side inflators. “We believe our extensive data demonstrated that a safety recall was not warranted for the driver-side airbag. However, we respect NHTSA’s decision and will issue a recall,” Ford said.

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