Business News
Wall Street rises as investors look beyond impeachment talk
U.S. stocks rose on Wednesday as investors looked past Democrats’ attempt to impeach President Donald Trump, while Nike shares jumped on upbeat quarterly results.
Month: September 2019
Business News
Nio raising more cash amid cost-cutting campaign
Nio Inc, one of China’s high-profile electric car startups, disclosed a fresh money-raising push this week, saying it had issued $200 million worth of bonds and was accelerating cost-cutting programs to slow cash burn as the company seeks to attract more investors in a slumping market.
Business News
Trump says impeachment inquiry could derail trade deal, Mexico markets slump
U.S. President Donald Trump warned on Wednesday that an impeachment inquiry against him could derail congressional approval of a North America trade pact, dragging down Mexico’s peso and stock market as investors fled riskier assets.
Business News
Boeing settles first Lion Air lawsuits for at least $1.2 million apiece: sources
Boeing Co has settled the first claims stemming from the crash of a Lion Air 737 MAX in Indonesia, a U.S. plaintiffs’ lawyer said, and three other sources said that families of those killed will receive at least $1.2 million apiece.
Business News
Italy’s Panetta seen bringing rigour and art to ECB board
Fabio Panetta will bring both creativity and rigorous data analysis skills to the European Central Bank’s executive committee when he joins the six-member board in January, according to people who know the Bank of Italy deputy governor.
Business News
Best Buy targets $50 billion in revenue by 2025, eyes health tech boost
Best Buy Co Inc aims to rake in revenue of $50 billion and cut about $1 billion in costs by 2025, while ramping up its healthcare technology business, the biggest U.S. consumer electronics retailer said on Wednesday.
Business News
U.S. oil activity slumps amid rising price uncertainty: Fed survey
U.S. oil and gas activity in some of the largest producing regions is declining, led by a weakening oilfield services sector as producers cut spending, according to an energy survey released on Wednesday by the Federal Reserve Bank of Dallas.
Business News
Credit Suisse defeats lawsuits over huge U.S. ‘volatility’ crash
A U.S. judge on Wednesday dismissed three lawsuits accusing Credit Suisse Group AG of misleading investors about a complex product for betting on stock market swings, and causing huge losses when it lost 96% of its value in one harrowing day.
Business News
Trump doubts Pelosi will hold USMCA vote as Democrats push impeachment
U.S. President Donald Trump voiced skepticism on Wednesday over whether House of Representatives Speaker Nancy Pelosi will hold a vote on the new U.S-Mexico-Canada trade agreement (USMCA) after Democrats opened an impeachment inquiry against him.
Trading Ideas
The Top 4 Pipeline Stocks to Watch
The United States has the largest pipeline network in the world. About 2.4 million miles of pipeline snake across the country, bringing natural gas, oil, natural gas liquids (NGLs), refined petroleum products and petrochemicals from production centers to consumers.
As long as the U.S. remains dependent on fossil fuels, pipeline stocks could be a great investment.
Midstream pipelines connect upstream companies (the extractors of crude oil and natural gas) and downstream companies (the refiners and processors). Upstream and downstream companies usually own and maintain a smaller pipeline infrastructure. Usually, the biggest pipeline stocks are the midstream companies.
Pipelines are one of the most …read more […]
Business News
Luxury leader LVMH, in green mode, laments Thunberg’s pessimism
Environmental activist Greta Thunberg’s discourse on climate change was overly pessimistic and demoralizing for young people, LVMH boss Bernard Arnault said on Wednesday, as the group behind brands like Louis Vuitton raised its “green” goals.
Business News
GM calls on Alexa to give vehicles more skills
General Motors Co will enable U.S. owners of 2018 and newer model vehicles to download Amazon.com’s Alexa digital assistant software to control navigation, streaming media and phones starting next year, the companies said on Wednesday.
Trading Ideas
Follow the Startup, Not the Sector
I was on the phone with Hermie this morning. Hermie is the vice president of finance for a cannabis company. And he asked me how interested Early Investing is in the healthcare and medtech industries. I told him that healthcare and medtech will generate a dizzying number of technological breakthroughs in the coming years. So we’re very interested.
Healthcare is just one sector we’re interested in. There are several other sectors we’re watching that are ripe for disruption. But, in truth, sectors don’t dictate our choices. We’re “sector agnostic.” We don’t chase particular sectors. And unlike many public stock investors, we …read more […]
Business News
Wall Street set for best day in two weeks on Trump trade comments
U.S. stock indexes were set for their best day in two weeks on Wednesday after President Donald Trump said a trade deal with China could happen sooner than expected, while Nike shares hit a record high on upbeat quarterly results.
Business News
Trump doubts Pelosi will hold USMCA vote as Democrats push impeachment
U.S. President Donald Trump on Wednesday said he did not know if House of Representatives Speaker Nancy Pelosi will hold a vote on the new U.S-Mexico-Canada trade agreement (USMCA) after Democrats opened an impeachment inquiry against him.