Trading Ideas
We got 3 pieces of good news about the U.S. economy on Wednesday: Morning Brief
Top news and what to watch in the markets on Thursday, February 6, 2020. …read more […]
Month: February 2020
Business News
Honda may keep Wuhan plants closed longer due to outbreak: Nikkei
Honda Motor Co is considering keeping operations suspended for longer than planned at its three plants in the Chinese city at the center of the new coronavirus outbreak, the Nikkei newspaper reported on Thursday.
Business News
UK seeks big tariff reductions in U.S. trade deal
Britain is seeking far-reaching reductions in tariffs from a trade deal with the United States, trade minister Liz Truss said on Thursday, setting out the broad aims of her post-Brexit push to secure new free trade agreements.
Business News
Oil rises for a second day as OPEC+ weighs coronavirus action
Oil futures rose for a second day on Thursday boosted by potential OPEC+ action to counter oil demand loss from the coronavirus outbreak and by optimism that trade tensions between the world’s two biggest economies were easing.
Trading Ideas
Read This Before You Buy Twitter, Inc. (NYSE:TWTR) Because Of Its P/E Ratio
Today, we’ll introduce the concept of the P/E ratio for those who are learning about investing. We’ll look at Twitter… …read more […]
Business News
Exclusive: China’s mobile giants to take on Google’s Play store – sources
China’s Xiaomi, Huawei Technologies, Oppo and Vivo are joining forces to create a platform for developers outside China to upload apps onto all of their app stores simultaneously, in a move analysts say is meant to challenge the dominance of Google’s Play store.
Business News
Payments in high-value deals not a bribe, Mahathir says about AirAsia probe
Malaysian Prime Minister Mahathir Mohamad said on Thursday payments received to offset the costs of a high-value order could not be constituted as a bribe.
Trading Ideas
Snap vs Facebook: Which Social Media Stock is the Better Buy?
Back in 2013, Snap CEO Evan Spiegel resisted Facebook’s offer to buy the company behind the successful Snapchat app. The rejection caused a stir at the time, but in hindsight, it appears the correct decision was made. Snap has since gone public and has a market cap of $23 billion, which is far bigger than the $3 billion offered at the time by Zuckerberg’s all-encompassing social media behemoth.Facebook, though, had just bought Instagram, and a year later would add WhatsApp to its ever-expanding universe. So, things have gone pretty well for both since, leaving everyone “liking” the way things have …read more […]
Business News
Drugmaker Sanofi expects further profit growth from narrowed focus
French drugmaker Sanofi on Thursday forecast further profit growth for 2020 even as it drops some research in areas such as diabetes in a shake-up to narrow its focus on blockbuster treatments including eczema medicine Dupixent.
Business News
Total beats quarterly forecasts despite low oil price, lifts payout
Total beat forecasts on Thursday by keeping net adjusted profit for the fourth quarter steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy major’s shares.
Business News
Toyota lifts profit outlook, mulls alternatives to China-made parts amid virus outbreak
Toyota Motor Corp nudged up its annual operating profit forecast by 4.2% on favorable currency rates and better-than-expected sales, but added the impact of the new coronavirus was hard to gauge and had not yet been factored in.
Business News
Payments in high-value deals not a bribe, says Mahathir when asked about AirAsia probe
Malaysian Prime Minister Mahathir Mohamad said on Thursday payments received to offset the costs of a high-value order could not be constituted as a bribe.
Trading Ideas
OPEC+ Extends Virus Crisis Talks as Russia Resists Oil Cuts
(Bloomberg) — Talks between officials from OPEC and its allies spilled into an unprecedented third day as Saudi Arabia and Russia remained split over their response to China’s coronavirus.Delegates gathered again in Vienna on Thursday after two days of meetings weren’t enough to shift Russian resistance to deeper production cuts. Saudi Arabia, engaging in capital-to-capital diplomacy, has been pushing for the cartel to reduce output as the deadly epidemic squeezes China’s economy and its demand for oil.The price of crude has plunged in recent weeks on expectations that the epidemic will make a sizable dent in global energy consumption as …read more […]
Business News
Stocks gain as China cuts tariffs, investors look beyond virus
Stock markets across the world gained on Thursday, helped by record highs on Wall Street and a move by China to halve tariffs on some U.S. goods as investors bet that the global economy would avoid long-term damage from the coronavirus.
Business News
Total beats quarterly forecasts, lifts dividends despite low oil price
Total beat forecasts on Thursday by keeping net adjusted profit for the fourth quarter steady at $3.2 billion and fulfilled its pledge to boost dividends despite low oil prices, lifting the French energy major’s shares by 3%.