Month: November 2019

The currency had shed about 2.2% on Wednesday after Brazil’s biggest-ever oil auction frustrated investors’ expectations as high prices and the dominant role of state-run oil company Petrobras scared off global oil majors. The country held a second disappointing oil auction on Thursday, with major global oil firms passing again. The only block awarded in Thursday’s auction went to Petrobras, and Chinese state firm CNODC, which offered the minimum bid. …read more […]

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of… …read more […]

(Bloomberg) — The Bank of England has warned HSBC Holdings Plc for two years in a row that it hasn’t done enough to tackle concerns about how the bank handles risks including financial crime and staff conduct.Samir Assaf, HSBC’s top investment banker, told executives on a conference call this week that the central bank’s Prudential Regulation Authority informed the firm that it was making insufficient progress on non-financial risks, according to people familiar with the discussion who requested anonymity.Assaf said the PRA’s warning was recently reiterated this year, following a previous letter in 2018, and he considers it an emergency …read more […]

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put… …read more […]

Disney+ streaming service, set to launch in a few days, will report the company’s fourth-quarter earnings after the bell today. Yahoo Finance’s Brian Sozzi, Alexis Christoforous and Scott Gamm break it down, on The First Trade. …read more […]

A look at the shareholders of Stereotaxis, Inc. (NYSEMKT:STXS) can tell us which group is most powerful. Insiders… …read more […]

When we invest, we’re generally looking for stocks that outperform the market average. Buying under-rated businesses… …read more […]

Portola Pharmaceuticals, Inc.’s (NASDAQ:PTLA): Portola Pharmaceuticals, Inc., a biopharmaceutical company, develops and… …read more […]

After parting ways with Canadian cannabis giant Canopy Growth, Bruce Linton is joining the board of U.S. multi-state operator Vireo Health. …read more […]

(Bloomberg) — PG&E Corp., the California utility that went bankrupt in January after its equipment sparked deadly wildfires, expects as much as $6.3 billion in after-tax costs from the blazes, its Chapter 11 case and the recent blackouts.The troubled power giant reported a $1.6 billion loss for the third quarter. It was driven by $2.5 billion pre-tax charge for claims related to the 2017 Northern California wildfires and the 2018 Camp fire, the company said in a statement Thursday. PG&E is not providing 2019 earnings guidance.The shares fell 3.8% at 9 a.m., and are down 71% on the year. “Obviously …read more […]