Fast And Furious -- The Mid-Morning Edition -- April 23, 2021

Burnaby boring: by the numbers. Incredible. The bore diameter is 4.43 meters or almost ten-feet across. The Canadian tunnel will be:

• 2.6 kilometers long (1.56 miles long)
• it will be buried up to 130 meters below the surface
• the boring machine itself is 122 meters long -- about the same length as a soccer field
• once the boring begins, the boring behemoth will boringly bore 24/7 for 200 days
• purpose: three 30-inch pipelines
  

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

Schlumberger beats on top, bottom lines:

• forecast here; 
• results here;

REI: what better way to celebrate Earth Day than in a gas-guzzling SUV?

Apple: the iPad Pro --  Andrew Griffin, Yahoo!Finance -- link here. 

Apple: AirTags designed to track items, not children or pets. Link here.

Tesla: raises prices on Model 3 and Model Y. Least expensive Tesla, now $39,000. Can't provide link but I'm sure the story is everywhere.

Surprise, surprise: not only did the US Supreme Court shock the US Congress, the Supremes did it unanimously. That FTC practice based on a 1973 law must have been really, really bad for the court to agree 9 - 0 on the case. Next year will we see some 13 - 0 decisions? Forty-eight years of unconstitutional government over-reach.

Chip shortage: only the Covid-19 pandemic may last longer. 

Intel, 1Q21 earnings:

Intel on Thursday said first-quarter sales fell 1% to $19.7 billion, beating Wall Street estimates. Net income, weighed down by costs of a legal settlement, was $3.4 billion. Excluding the pending sale of its memory business and other items, Intel said revenue was $18.6 billion and net income was $5.7 billion.

Intel’s stock fell around 3% in after-hours trading. 

AMD: well-positioned with acquisition of Xilinx.

KMI: we mentioned this yesterday, but here's another look. This story, unlike the first one I linked, was obviously not written by a robot. Kinder Morgan also raised its dividend by 3% to $1.08 per share for 2021.