Trading Ideas
Month: May 2020
Business News
EU could open legal case again Germany over ECB bond-purchases ruling: Commission
The European Commission could open a legal case against Germany over a ruling by the country’s constitutional court that the European Central Bank had overstepped its mandate with bond purchases, the EU executive arm said on Sunday.
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Was The Smart Money Smart About Dave & Buster’s Entertainment (PLAY)?
Hedge funds don’t get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don’t realize is that 100% of the passive funds didn’t see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […] …read more […]
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What you need to know for your taxes if you're getting coronavirus relief from unemployment
From unemployment benefits to stimulus checks to withdrawals from retirement accounts, coronavirus relief measures could hit your taxes next year. …read more […]
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Analysts Are Upgrading Inphi Corporation (NYSE:IPHI) After Its Latest Results
It’s been a pretty great week for Inphi Corporation (NYSE:IPHI) shareholders, with its shares surging 20% to US$111 in… …read more […]
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Retail sales, Fed Chair Jerome Powell speaks: What to know in the week ahead
COVID-19 and its impact on the U.S. economy will continue to take center stage in the week ahead. …read more […]
Business News
U.S. unemployment rate will get worse, Treasury’s Mnuchin says
The staggering U.S. unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday.
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Trump asking justices to bar demands for taxes, bank records
President Donald Trump is hoping to persuade a Supreme Court with two of his appointees to keep his tax and other financial records from being turned over to lawmakers and a New York district attorney. The justices are hearing arguments by telephone Tuesday in a pivotal legal fight that could affect the presidential campaign, even with the coronavirus outbreak and the resulting economic fallout. Rulings against the president could result in the quick release of personal financial information that Trump has sought strenuously to keep private. …read more […]
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3 “Strong Buy” Penny Stocks with Massive Upside Ahead
Stocks are on the rise, but why? The glum results of earnings season have not caused another panic – rather, investors seem to be taking them in stride as ‘baked in’ to the current financial situation. The indexes are generally holding steady, at resistance levels Wall Street had predicted two weeks ago. And this brings up the questions, How long will this last? and What will happen next? Weighing in from Morgan Stanley, chief US equity strategist Michael Wilson believes that stocks hit their true bottom on March 23. In his view, the coronavirus and the collapse in oil markets …read more […]
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AstraZeneca-Merck Ovarian Cancer Treatment Gets FDA Approval
The U.S. Food and Drug Administration (FDA) approved a treatment developed by AstraZeneca (AZN) and Merck Co. (MRK) for advanced ovarian cancer.The FDA approved the ovarian drug Lynparza to be used in combination with bevacizumab as a first-line maintenance treatment of adult patients with advanced epithelial ovarian, fallopian tube or primary peritoneal cancer. Patients will be selected for therapy based on an FDA-approved companion diagnostic for Lynparza.Lynparza is a first-in-class PARP inhibitor, which is a targeted treatment to potentially exploit DNA damage response (DDR) pathway deficiencies, such as so-called BRCA mutations to kill cancer cells. It is being tested in …read more […]
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Bristol-Myers Squibb Company (NYSE:BMY) Just Reported, And Analysts Assigned A US$65.94 Price Target
Last week saw the newest quarterly earnings release from Bristol-Myers Squibb Company (NYSE:BMY), an important… …read more […]
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US$73.25 – That's What Analysts Think Bill.com Holdings, Inc. (NYSE:BILL) Is Worth After These Results
As you might know, Bill.com Holdings, Inc. (NYSE:BILL) just kicked off its latest quarterly results with some very… …read more […]
Business News
Thyssenkrupp overhaul must happen faster due to COVID-19: CEO
Thyssenkrupp has less time for a wide-ranging restructuring plan than previously thought as the coronavirus pandemic is significantly burdening the already ailing conglomerate, its chief executive said in a note to staff.
Business News
Exclusive: Saudi Aramco seeking to review price of SABIC deal – sources
Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC’s value following a slump in oil prices in coronavirus pandemic, two sources told Reuters.