Trading Ideas
Month: May 2020
Business News
Why U.S. energy CEOs will get big payouts despite oil meltdown
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.
Business News
U.S. mortgage applications rise for sixth straight week
U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead the economy’s recovery from the novel coronavirus crisis even as high unemployment is expected to linger.
Trading Ideas
Drawing a Line Between Our Connections
The greatest form of wealth can’t be inflated away.
As the folks in Washington debate who’s next on their list to get a slug of freshly printed money… and as the stock market shrugs off one of the market’s greatest interruptions ever… it’s time to measure what we have in a different way.
Last Friday, our good pal Mark Ford mused about the idea of working with friends.
It’s a bad idea, he concluded, never to be done again.
We never would have guessed it’d be a controversial topic. Mark’s piece was filled with real-life experience, wisdom and old-fashioned common sense.
But nearly as soon …read more […]
Business News
Exclusive: Google faces antitrust case in India over payments app – sources
India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters.
Business News
Factbox: Renault and Nissan’s plan to rebuild their alliance
The automaking alliance of Renault SA , Nissan Motor Co and Mitsubishi Motors Corp outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.
Business News
Renault and Nissan rule out merger as they unveil survival plan
Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and instead said they would cooperate more closely on vehicle development to slash costs and salvage their troubled alliance.
Business News
Ryanair says holiday bookings surge, sees Britain dropping quarantine
Ryanair expects Britain to join European nations in dropping COVID-19 quarantine plans in the coming weeks, Chief Executive Michael O’Leary said in an interview on Wednesday, reporting a “big surge” in holiday bookings from the country.
Trading Ideas
Business News
China’s Chery Auto plans to sell cars in EU, United States: chairman
China’s Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the European Union and United States for the first time, its chairman said.
Business News
Hugo Boss sees recovery in third quarter at earliest
Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the coronavirus pandemic, the chief executive of German fashion house said on Wednesday.
Business News
Huawei Meng’s U.S. extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou’s extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest.
Business News
Timeline: Key events in Huawei CFO Meng Wanzhou’s extradition case
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Co Ltd’s Chief Financial Officer Meng Wanzhou’s extradition to the United States. The judge will rule on double criminality, meaning whether the charges against Meng were illegal in both Canada and the United States at the time of her December 2018 arrest.
Business News
Hong Kong unrest worries curb global shares rally
Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about the re-opening of the world economy.
Trading Ideas
Regeneron Announces Secondary Offering Pricing At $515/Share
Regeneron Pharma (REGN) has now announced the pricing of the underwritten public secondary offering of 11,831,496 shares of its common stock held by French drugmaker Sanofi at a price of $515 per share.Regeneron has also agreed to purchase 9,806,805 shares directly from Sanofi, at a price of $509.85 per share (representing the price paid by the underwriters in the offering), for an aggregate purchase amount of $5 billion.In connection with the offering, the underwriters have a 30-day option to purchase up to an additional 1,183,150 Regeneron shares from Sanofi, the statement revealed. If the underwriters fully exercise their option to …read more […]