Trading Ideas
Why Skyworks Solutions Could Become the Next Big Internet of Things Play
The chipmaker is pulling the right strings now so that it can benefit from the massive IoT growth in the long run. …read more […]
Month: May 2018
Trading Ideas
Pfizer’s biosimilar of Amgen, J&J’s anemia treatments gets FDA nod
Pfizer Inc’s Retacrit was approved by U.S. health regulators as a biosimilar to current anemia treatments from Amgen Inc and Johnson & Johnson on Tuesday, setting it up to compete against more established brands. A year ago the U.S. Food and Drug Administration rejected Retacrit as a copy of Amgen’s Epogen and Johnson & Johnson’s Procrit, citing https://investors.pfizer.com/investor-news/press-release-details/2017/Pfizer-Provides-Update-on-Proposed-Epoetin-Alfa-Biosimilar/default.aspx issues with a potential manufacturing facility in Kansas. …read more […]
Business News
Exclusive: China’s Tianqi nears deal to buy stake in Chile’s SQM – sources
HONG KONG/TORONTO (Reuters) – China’s Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile’s Sociedad Quimica Y Minera (SQM), one of the world’s biggest lithium producers, for about $4.3 billion, two people close to the transaction said.
Trading Ideas
As lava destroys Hawaii homes, owners ask: Am I covered?
Patricia Deter moved from Oregon to Hawaii to be closer to her two daughters, but the Kilauea volcano burned down her home only a month after she bought it. Now Deter and others who have recently lost homes to the lava-spewing mountain are on an urgent quest for answers about insurance, desperate to learn whether their coverage will offer any help after molten rock wiped out most of what they owned. The eruption has destroyed about two dozen homes in the Leilani Estates subdivision on the Big Island. …read more […]
Trading Ideas
Google’s Pixel Buds learn some new tricks
I/O may have ended, but Google’s still trickling out news at a steady rate. …read more […]
Trading Ideas
Netflix and ESPN are working on a Michael Jordan documentary series
Netflix used to be a solid option for watching ESPN’s 30 for 30 series. Then …read more […]
Business News
Wall St. slips as retail sales data revives inflation fears
(Reuters) – Wall Street slipped on Tuesday after retail sales data pointed to a steady rise in inflation, reviving fears of faster interest rate hikes, while a lack of progress in U.S.-China trade talks continued to weigh on the market.
Trading Ideas
Canal+ gives up on its cable box, switches to Apple TV
French premium cable television company Canal+ is slowly moving away from …read more […]
Trading Ideas
Trump: first lady ‘doing really well’ after kidney procedure
President Donald Trump said Tuesday that his wife, Melania, is “doing really well” although she remains hospitalized following a medical procedure to treat a kidney condition the White House described as benign. “Melania is doing really well. …read more […]
Business News
U.S. consumer spending picking up, gasoline prices a threat
WASHINGTON (Reuters) – U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter.
Business News
Homeland Security unveils new cyber security strategy amid threats
WASHINGTON (Reuters) – The U.S. Department of Homeland Security on Tuesday unveiled a new national strategy for addressing the growing number of cyber security risks as it works to assess them and reduce vulnerabilities.
Business News
Mexico says NAFTA deal unlikely this week, signing possible this year
MEXICO CITY (Reuters) – Mexico’s economy minister said on Tuesday that he saw diminishing chances for a new North American Free Trade Agreement ahead of a May 17 deadline to present a deal that could be signed by the current U.S. Congress.
Trading Ideas
Tax Changes Force Cash-Hoarding Companies to Sell Bonds
Cash-rich companies that had been some of the biggest buyers of corporate bonds have started selling their holdings after tax law changes, according to Bank of America Corp. strategists. Companies like Apple Inc. reduced their corporate bond portfolios by more than 10 percent to $306.4 billion in the three months ended March 31, the lowest level in more than a year, after buying around $10 billion of the bonds on average every quarter. About half of that decline came from selling, and the other half from securities maturing, strategists led by Hans Mikkelsen wrote. …read more […]
Business News
White House’s Kudlow: Not certain what U.S. will do on China’s ZTE: Politico
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Tuesday it was far from certain what steps the U.S. government would take on China’s ZTE Corp, which he characterized as an enforcement, rather than trade, issue.
Business News
Twitter changes strategy in battle against internet ‘trolls’
SAN FRANCISCO (Reuters) – Twitter Inc on Tuesday revised its strategy for fighting abusive internet “trolls,” saying it would use behavioral signals to identify harassers on the social network and then limit the visibility of their tweets.