Month: December 2019

(Bloomberg) — With just a day to spare, Russia and Ukraine signed all agreements necessary to continue gas flows to Europe for the next five years, averting a winter supply crisis.“After five days of non-stop bilateral talks in Vienna, final decisions have been taken and final agreements reached,” Gazprom PJSC Chief Executive Officer Alexey Miller said in an emailed statement, adding that the package of agreements ensures that Russia ships its natural gas via Ukraine beyond Dec. 31. The current gas-transit deal between the two nations expires on Jan. 1.Natural gas flows are a key feature in the fraught relationship …read more […]

Yahoo Finance’s Myles Udland reviews the decade investors had in markets as the year comes to a close.

Looking ahead to Tuesday, two readings on home prices, one from the FHFA and the other from S&P Case-Shiller, will be released as well as December’s consumer confidence reading. …read more […]

(Bloomberg) — The U.S. air strikes on five bases in Iraq and Syria used by an Iranian-backed militia sent a warning to Tehran that President Donald Trump’s patience has its limits.“One of the things that we want to emphasize is that this was a defensive action that was designed to protect American forces and American citizens in Iraq,” Brian Hook, the State Department’s Iran envoy, said in a telephone briefing Monday. “We’re also working on the mission set of restoring deterrence against Iranian aggression.”Sunday’s rare direct strike on an Iranian proxy came at an especially tense time and held the …read more […]

(Bloomberg) — McDermott International Inc. is in discussions with lenders about providing a $2 billion bankruptcy loan, ahead of a Chapter 11 filing that could come in the next few weeks, according to people with knowledge of the matter.The Houston-based engineering and construction firm is negotiating with a group including Baupost Group LLC and HPS Investment Partners LLC, the people said, who asked not to be identified discussing confidential matters. Dow Jones reported the news earlier.The company’s shares were down as much 64% after the news that it was negotiating a bankruptcy loan. Representatives for McDermott, Baupost and HPS declined …read more […]

While chatting with a hedge fund manager friend online last week, as we marveled at the continuous new highs in the market, he typed, “Literally no risk owning stocks right now.”
Of course he knows there is risk owning stocks – but his statement emphasizes how it seems like the market goes up every day and everyone has a “risk on” mentality.
And over the past year, I’ve noticed that my readers have become willing to take on more risk. Options have become a popular trading tool, as they offer the ability to put just a little money at risk yet achieve …read more […]

Enbridge Inc. said Monday that it retrieved a 45-foot steel rod that was resting against an underwater oil pipeline where lakes Michigan and Huron converge. The debris had been at the bottom of the Straits of Mackinac since September, when a borehole collapsed during geotechnical work in advance of the construction of a tunnel to surround the Line 5 pipes. Enbridge deployed a remote-operated vehicle to remove the rod on Saturday night, said spokesman Ryan Duffy. …read more […]

Tesla delivered its first 15 cars assembled at its new factory in China. Investor Galileo Russell, the founder of HyperChange, expects the company to shift into high gear and become one of the few trillion dollar companies. …read more […]

Axsome Therapeutics is on a tear this year – with shares skyrocketing over 3,000%. This comes as the biotech company’s migraine drug posted successful results in a late-stage study. Yahoo Finance’s Anjalee Khemlani joins Seana Smith on The Ticker to discuss. …read more […]

Understanding investing isn’t hard. It’s the discipline required for successful investing that isn’t easy Continue reading… …read more […]