Trading Ideas
Is Kinder Morgan Inc. at the Start of Something Good?
One analyst believes that the sale of the Trans Mountain Pipeline is a sign of more good things to come. …read more […]
Month: June 2018
Business News
Boeing’s engine proposal deadline looms for new mid-market jet: report
SEATTLE (Reuters) – Three of the largest engine makers face a Wednesday deadline to provide Boeing Co with formal proposals for how they would power the planemaker’s possible new mid-market jet, an aviation magazine reported.
Business News
Wall Street rally fizzles as tech stocks drag
(Reuters) – A mini rally in U.S. stocks, sparked by a U.S. move to ease its stance on curbing Chinese investments in American technologies, ran out of steam in afternoon trading on Wednesday, but a jump in oil prices helped prop markets.
Business News
Trump to use U.S. security review panel to curb China tech investments
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions.
Business News
Lyft valued at $15 billion in latest funding round
(Reuters) – Lyft Inc said on Wednesday it raised $600 million in a new funding round led by Fidelity Management, doubling the ride-hailing firm’s valuation to $15.1 billion in little over a year.
Business News
Conagra to buy Pinnacle for $8.1 billion, creating frozen food powerhouse
(Reuters) – Conagra Brands Inc said on Wednesday it would buy Pinnacle Foods Inc for about $8.1 billion, trying to grab a bigger share of the fast-growing snack and frozen food markets amid fierce competition in the packaged food industry.
Business News
Volvo, FedEx test truck ‘platooning’ on public U.S. road
(Reuters) – Truck maker Volvo AB and package delivery company FedEx Corp said on Wednesday they have begun public U.S. testing of “platooning” technology, which allows digitally-connected semi trucks to save fuel by driving closely together in convoy, on a highway in North Carolina.
Trading Ideas
Microsoft launches two new Azure regions in China
Microsoft today launched two new Azure regions in China. These new regions, …read more […]
Business News
Market rate rise may thwart Fed’s balance sheet plan
NEW YORK (Reuters) – The rise of a key U.S. overnight interest rate has raised speculation that higher bank borrowing costs will force the Federal Reserve to stop shrinking its balance sheet sooner than planned.
Business News
U.S. gives Disney-Fox deal antitrust approval
WASHINGTON (Reuters) – Walt Disney Co has won U.S. antitrust approval to buy most of Twenty-First Century Fox Inc’s assets for $71.3 billion on the condition that it sell 22 regional sports networks, the Justice Department said on Wednesday.
Trading Ideas
Intel Blows Keep Coming as Apple Modem Contract May Be at Risk
It was another day of bad news for Intel Corp. on Wednesday, as a new data point suggests that it may lose Apple Inc.’s modem business, according to a note from Northland analyst Gus Richard. Richard, who rates the stock the equivalent of a sell, wrote that MediaTek Inc., which manufactures modems, might displace Intel for the product at Apple, which he says has been rumored to be working on their own modem. Apple is already planning to phase out Intel chips in Mac computers as soon as 2020, people familiar with the plans said in April. …read more […]
Business News
U.S. business spending on equipment cooling; trade gap narrowing
WASHINGTON (Reuters) – New orders for U.S.-made capital goods and shipments unexpectedly fell in May, but upward revisions to data for the prior month pointed to moderate growth in business spending on equipment in the second quarter.
Trading Ideas
GE is on pace for its best 2-day run in over 3 years (GE)
The recent two-day gain coincides with GE’s first two days of not being listed on the Dow Jones industrial average in 111 years. It also comes on the heels of GE’s announcement of a massive corporate reorganization. …read more […]
Trading Ideas
Deutsche Bank woes a positive for major U.S. banks -investor Kass
Kass, who runs Seabreeze Partners Management, said he believes Deutsche Bank, whose shares fell to a year low overnight, is weighing on the banking sector as some investors are concerned about Deutsche Bank’s large derivative portfolio and its counterparty risk with U.S. money center banks. “I view the current underperformance in banks stocks as an important intermediate-term opportunity to acquire valuable long term investments,” Kass said. …read more […]
Trading Ideas
Google Home and Chromecast are down, affecting users worldwide
It’s not just Slack, there’s a Google Home and Chromecast outage, too. A …read more […]