Trading Ideas
GE: The Biopharma Deal Is Nearing Completion
Focusing on the company’s deleveraging efforts Continue reading… …read more […]
Month: March 2020
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Oil Looks Into Abyss as Coronavirus Threatens Demand Contraction
(Bloomberg) — Flights canceled in Europe, schools closed in Japan, towns quarantined in Italy and panic in California. The coronavirus crisis has gone global, and with it, its impact on energy demand.For only the fourth time in almost 40 years, oil consumption may not grow at all in 2020, according to a growing minority of traders, investors and analysts. For OPEC, gathering in Vienna this week to discuss production policy, it’s a nightmare scenario likely to force the cartel into deep output cuts.“I see no growth in demand this year now the Coronavirus is everywhere,” said Doug King, a hedge …read more […]
Business News
CERAWeek energy conference in Houston scrapped over coronavirus worries
Coronavirus concerns prompted organizers on Sunday to cancel the CERAWeek energy conference that annually brings together oil ministers and senior executives from the energy and financial industries, the latest event to be scrapped as the disease spreads.
Business News
Exclusive: Norway wealth fund could blacklist four major climate culprits
Norway’s $1 trillion wealth fund will exclude four companies for their vast emissions of greenhouse gases, or at least put them on probation to force them to change, the chairman of its ethics watchdog told Reuters.
Business News
U.S. officials talk down coronavirus market panic, tout economic strength
Trump administration officials on Sunday tried to calm market panic that the coronavirus could cause a global recession, saying the public had over-reacted and that stocks would bounce back due to the underlying strength of the U.S. economy.
Business News
Advent-led consortium to spend ‘billions’ on expanding Thyssenkrupp Elevator
The consortium that won the bid to acquire Thyssenkrupp’s elevators division wants to spend billions of euros on expanding the business, a manager at one of three partners said in remarks published on Sunday.
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Central bank researchers: Rapid V-shaped recovery appears 'grossly unrealistic'
The head of the Bank of International Settlements’ economics team said Sunday that a rapid V-shaped recovery from the Coronavirus now appears “grossly unrealistic.” …read more […]
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Coronavirus, jobs report, Super Tuesday: What to know in the week ahead
Coronavirus developments, February jobs report, Super Tuesday and Target earnings will keep investors busy in the week ahead. …read more […]
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Roubini: A global recession sparked by coronavirus isn't 'totally farfetched'
Nouriel Roubini explains why even in the best goldilocks scenario a v-shaped recovery in China is unlikely. …read more […]
Business News
Citgo, Aruba reach deal to transfer control of refinery to island government
U.S. refiner Citgo has reached an agreement with Aruba to transfer control of the San Nicolas refinery to the island’s government, Citgo said late on Saturday, after the two parties last year suspended a contract to overhaul the facility.
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Health Check: How Prudently Does Antares Pharma (NASDAQ:ATRS) Use Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of… …read more […]
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Nektar Therapeutics Just Reported And Analysts Have Been Cutting Their Estimates
It’s been a sad week for Nektar Therapeutics (NASDAQ:NKTR), who’ve watched their investment drop 12% to US$20.81 in… …read more […]
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Fed Ready to Cut Rates Despite Doubt They Can Fix Virus Fallout
(Bloomberg) — The Federal Reserve is now prepared to reduce interest rates this month even though it recognizes monetary policy cannot completely shelter a U.S. economy increasingly threatened by the coronavirus.Fed Chairman Jerome Powell opened the door to a rate-cut at the Fed’s March 17-18 meeting by issuing a rare statement Friday pledging to “act as appropriate” to support the economy.He was pushed into making that assurance by spectacular losses in U.S. stocks as investors turned fearful that the spreading virus would significantly damage the American and global economies. Traders and a string of Wall Street banks now expect the …read more […]
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