Month: November 2019

(Bloomberg) — With more than 2 million people without electricity last week amid mass blackouts by bankrupt PG&E Corp. and wildfires scorching the state, California’s Democratic Governor Gavin Newsom repeatedly said he “owns” the crisis and that it’s “on me” to make sure it doesn’t happen again.His allies and adversaries alike agree.Republicans and even some Democrats say Newsom needs to move quickly to resolve what has become an untenable problem for California, the world’s fifth-largest economy, or the political honeymoon that he’s enjoyed for 10 months may be upended by a climatological disaster.Recognizing the need for swift action, Newsom on …read more […]

The delivery of a second batch of Russian S-400 missile defence systems to Turkey may be delayed beyond a planned 2020 timeline over talks on technology sharing and joint production, the head of Turkey’s Defence Industry Directorate said on Monday. Turkey received the first batch of S-400 systems in July, despite opposition from the United States, a NATO ally, and threats of U.S. sanctions. Washington says it is still in talks with Ankara to “walk away” from the Russian systems. …read more […]

Q1 2020 Western Digital Corp Earnings Call …read more […]

Ryanair on Monday announced a further two-month delay to the start of its Boeing MAX 737 deliveries and warned it may have none of the jets to fly next summer, which would freeze growth of one of Europe’s fastest growing airlines. In July the Irish budget carrier said it expected to be flying 30 737 MAX next summer and its first delivery in January. …read more […]

(Bloomberg) — Saudi Aramco’s nine-month profit fell 18% as lower oil prices eroded sales ahead of a share sale that could be the world’s largest.The oil giant earned net income of $68.2 billion compared with $83.1 billion for the same period a year ago, it said in a statement posted on its website. The state company’s revenue slipped to $217 billion from $233 billion.Aramco gave no explanation for the decline in its results, though its nine-month income alone exceeded the 2018 net posted by Apple Inc., the most profitable publicly traded company. Average Brent crude dropped about 11% over the …read more […]

Today we’ll look at ADVA Optical Networking SE (ETR:ADV) and reflect on its potential as an investment. Specifically… …read more […]

A single market whale on cryptocurrency exchange Bitfinex likely manipulated bitcoin’s historic surge of over 2,000% in 2017, according to two U.S.The post A single whale on Bitfinex likely manipulated bitcoin’s historic surge in 2017, say academics appeared first on The Block. …read more […]