Trading Ideas
It turns out Apple could build its new campus in North Carolina
The Washington Post reported just yesterday that Apple was talking with …read more […]
Month: May 2018
Business News
NAFTA deal might be ready by end-May, could go past July 1 election: Mexico
MEXICO CITY (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo said on Thursday that an agreement on a new NAFTA deal could be reached by the end of May, but added that if no agreement is reached the talks could extend beyond the July 1 Mexican presidential election.
Business News
Kroger inks Ocado grocery delivery deal to battle Amazon threat
LONDON/LOS ANGELES (Reuters) – U.S. supermarket chain Kroger Co struck a deal with British online grocer Ocado to build and deliver from robot-staffed warehouses, upping the ante in Kroger’s battle with Amazon.com Inc and sending Ocado shares rocketing.
Business News
Delaware judge rules for Redstone family in CBS dispute
WILMINGTON, Del (Reuters) – A Delaware judge said on Thursday he would not block Shari Redstone from exerting control over the board of CBS Corp , which was considering stripping her voting power in defiance of her push to merge the media company with Viacom Inc .
Business News
Oil surge spurs Wall Street turnaround, sends Russell 2000 to record
(Reuters) – Energy and industrial stocks led Wall Street higher on Thursday and the small-cap Russell 2000 hit a record, even as a rise in U.S. bond yields to fresh seven-year highs suggested more competition for equities and investors fretted over geopolitics.
Business News
Mexico says no date set for next NAFTA ministerial meeting
MEXICO CITY (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo said on Thursday that there is no date set for the next North American Free Trade Agreement (NAFTA) ministerial meeting, but added that his technical negotiating team was in Washington.
Trading Ideas
Why the Efficient Market Hypothesis Is Bunk
“I believe there is no other proposition in economics which has more solid empirical evidence supporting it than the efficient market hypothesis.”
– Michael Jensen, Harvard Business School professor emeritus of business administration
You may have heard of the efficient market hypothesis (EMH).
Put simply, it states that stock prices reflect all information in the markets.
As a result, a stock will always trade at its fair value.
That, in turn, makes it is impossible to “beat the market” consistently.
So you should give up on picking stocks and invest all your money in index funds, right?
By matching the market, you will ensure that you end …read more […]
Business News
U.S. labor market tightening; mid-Atlantic factory activity picks up
WASHINGTON (Reuters) – New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.
Trading Ideas
Mueller investigation enters 2nd year, where is it headed?
WASHINGTON (AP) — It was one year ago Thursday when Robert Mueller, the former FBI director, was appointed as special counsel to take over the Justice Department’s investigation into possible coordination between Russia and Donald Trump’s 2016 presidential campaign. …read more […]
Business News
Walmart’s first quarter margins under pressure, e-commerce rebounds
NEW YORK (Reuters) – Walmart Inc on Thursday said profit margins during the first quarter remained under pressure due to price cuts and higher freight costs, weighing on its shares even as sales and earnings came in stronger than expected.
Business News
U.S. gunmaker Remington emerges from bankruptcy
(Reuters) – Remington Outdoor Co Inc , one of the largest U.S. makers of firearms, has emerged from Chapter 11 bankruptcy after completing a debt-cutting deal with creditors, the company said on Thursday.
Business News
Wall Street turns positive as oil powers energy stocks
(Reuters) – U.S. stocks reversed course to trade higher on Thursday as energy shares climbed after oil prices hit $80 per barrel for the first time since November 2014.
Trading Ideas
RED's Hydrogen One will be available at AT&T and Verizon this summer
Today, AT&T and Verizon both announced they will carry the first holographic …read more […]
Business News
Wall Street slips as Cisco drags, bond yields rise
(Reuters) – Wall Street’s main indexes dropped on Thursday as U.S. bond yields climbed to a seven-year high and Cisco’s forecast disappointed, while looming Sino-U.S. trade talks added to the jitters.
Trading Ideas
Exclusive: As Rosneft's Vietnam unit drills in disputed area of South China Sea, Beijing issues warning
Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft, is concerned that its recent drilling in an area of the South China Sea that is claimed by China could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday. Rosneft said on Tuesday its Vietnamese unit had started drilling at the LD-3P well, part of the Lan Do “Red Orchid” offshore gas field in Block 06.1, 370 kms (230 miles) southeast of Vietnam. The block is “within the area outlined by China’s nine-dash line,” according to energy consultancy and research firm Wood …read more […]