Trading Ideas
Mortgage Rates Drop to a Record January Low Amid Coronavirus Scare
Rates are the lowest ever for this time of year, according to a popular survey. …read more […]
Month: January 2020
Trading Ideas
The coronavirus outbreak has trapped 7,000 people on a cruise
A cruise in the port of Civitavecchia, Italy has been locked down and quarantined. The 7,000 passengers and crew members on board are not allowed off the ship yet due to a possible coronavirus case on board. …read more […]
Trading Ideas
Why Walgreens Boots Alliance Has Upside
The company’s growth strategy could catalyze its financial performance Continue reading… …read more […]
Business News
Zuckerberg pledges Facebook users privacy upgrades after $550 million facial recognition settlement
Facebook Inc has reached a $550 million settlement of claims it collected and stored millions of users’ biometric data without their consent, as Chief Executive Mark Zuckerberg pledged better protections for users to address privacy concerns that have dogged the social media company.
Trading Ideas
The Inverting Yield Curve Is About More Than Recession This Time
(Bloomberg) — A key slice of the U.S. yield curve inverted on Thursday for the first time since October, reviving memories of growth fears that plagued investors last year and signaling doubts that the Federal Reserve will succeed in reviving inflation.The gap between the yield on three-month and 10-year Treasuries at one point slipped to as low as minus 2 basis points on Thursday. The spread — seen by some as a warning signal because it has inverted before each of the past seven U.S. recessions — last reached those levels as economic conditions deteriorated at the height of the …read more […]
Business News
Oil falls 3% to new three-month lows as China virus cases surpass SARS total
Oil prices fell 3% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
Business News
Paris shops feel the pinch as virus keeps Chinese tourists away
For some shopkeepers in Paris, home to prestigious stores where Chinese tourists love to splurge, an abrupt drop-off in visitors as China tries to contain a fast-spreading coronavirus health crisis is hitting hard.
Business News
Wall Street slides on China virus concerns, Facebook earnings
U.S. stocks dropped on Thursday as the coronavirus epidemic raised fears of a further hit to China’s economy, with weak earnings from Facebook and others adding to the gloom.
Business News
Exclusive: New tensions surface over U.S.-Mexico seasonal farm trade
Fresh battle lines are being drawn that could lead to farm trade restrictions between the United States and Mexico, a letter from a top Mexican trade official seen by Reuters shows, despite the goodwill generated by the newly-signed USMCA trade pact.
Trading Ideas
Here’s how we’ll pay for Trump’s trillion-dollar deficits
These 5 tax hikes will help Americans pay down those $1 trillion annual deficits. And they’re coming, sooner or later. …read more […]
Business News
U.S. LNG producers fear more price drops as they await China buys under Phase 1 deal
China has restarted talks with U.S. liquefied natural gas marketers to buy more LNG, several industry executives told Reuters, but they are worried that any purchases may come too late to keep natural gas prices from falling further due to a glut of global supply.
Business News
Enbridge defends plan to sell capacity on Mainline oil network
Canadian pipeline company Enbridge Inc said on Thursday its plan to sell nearly all capacity on the Mainline oil network for the long term is fair to shippers of all types and would benefit the western Canadian industry.
Trading Ideas
3 U.S. Marijuana Stocks Set to Benefit From Expanded Recreational Cannabis Sales Approvals
The U.S. cannabis market enters 2020 with plenty of catalysts for higher sales and better profits for industry participants. One of the primary ways to benefit from immediate growth in the sector is via state level approval of medical or recreational cannabis sales while the Federal government slowly pushes towards eventual Federal approval.The recent start of recreational cannabis in Illinois and Michigan are prime examples of how U.S. multi-state operators (MSOs) can immediately benefit from having existing cannabis operations in a particular state. The state had an estimated $200 million in medical marijuana sales with research predicting sales surging to …read more […]
Trading Ideas
Novogratz Earned a ‘Black Eye’ Shorting Tesla, Still Sees Bubble
(Bloomberg) — Billionaire investor Michael Novogratz says he earned a “black eye” after shorting Tesla Inc. because the surge in the share price resembles the Bitcoin bubble.“I got cocky and tried to pick the top of a bubble and I got a black eye,” Novogratz, chief executive officer of Galaxy Digital Holdings Ltd., said during a Bloomberg Television interview in Miami Beach, Florida.Novogratz said that Tesla, like Bitcoin back in 2017, is no longer a “fundamental story” and is driven now by the compelling narrative and “any bit of good news,” such as Wednesday’s stronger-than-expected quarterly results. As with Bitcoin, …read more […]
Business News
U.S. banks could invest in venture capital funds again under ‘Volcker rewrite’
U.S. banks would be able to take large stakes in venture capital funds under a proposal to ease strict bank trading and investment rules introduced following the 2007-2009 global financial crisis, regulators said on Thursday.