Month: August 2020

(Bloomberg) — President Donald Trump signed a pair of executive orders prohibiting U.S. residents from doing any business with TikTok, WeChat or the apps’ Chinese owners beginning 45 days from now, citing the national security risk of leaving Americans’ personal data exposed.The move coincides with Trump’s push for the sale of TikTok, the popular video app owned by ByteDance Ltd., to an American company, and it comes a day after Secretary of State Michael Pompeo urged U.S. businesses to remove the two Chinese apps and other untrusted services from their stores. It threatens penalties on any U.S. resident or company …read more […]

There was a lot of hype building into EV truck maker Nikola’s (NKLA) first earnings report since becoming a publicly traded company.The lack of any meaningful earnings to report – Nikola is pre-revenue at least until the first of its EV trucks hit the market next year – means the talk ahead of Tuesday’s earnings call centered around updates to the company’s progress.Investors were hoping for string of partnerships and positive developments to push shares higher. Coming into the earnings call, NKLA stock had been on a rally and up by 19% over the past week. In the end though, …read more […]

U.S. President Donald Trump issued executive orders on Thursday banning any U.S. transactions with ByteDance, the Chinese company that owns video-sharing app TikTok, and Tencent , owner of the WeChat app, starting in 45 days. The orders come as the Trump administration said this week it was stepping up efforts to purge “untrusted” Chinese apps from U.S. digital networks and called the Chinese-owned short-video app TikTok and messenger app WeChat “significant threats.” The TikTok app may be used for disinformation campaigns that benefit the Chinese Communist Party, and the United States “must take aggressive action against the owners …read more […]

Posted by OFX AUD – Australian Dollar The Australian dollar outperformed most counterparts through trade on Thursday as commodity currencies led majors higher, amid ongoing US dollar softness and broader positive risk sentiment. Investors largely ignored a slew of disappointing earnings reports in Europe and instead drove equities and risk assets higher … Continue reading “Australian dollar extends move beyond 0.72 and tests resistance at 0.7240″The post Australian dollar extends move beyond 0.72 and tests resistance at 0.7240 appeared first on . …read more […]

(Bloomberg) — Dirt cheap, automated on apps and championed by newbie traders who brandish their broker balances on Twitter, the stuck-at-home trading phenomenon, born in the USA, has become a global craze.Retail’s tentacles are everywhere. In the U.K, tax-free savings account openings at Interactive Investor jumped 238% for investors between 25 and 34 years of age in April and May. In India, newly minted day traders are crowing after falling in love with stocks that trade below 7 U.S. cents apiece and riding most of them straight up. Small-time investors in Moscow bought almost twice as many Russian shares in …read more […]

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Hedging is not always profitable because it’s a protective measure that allows you to balance your risk. We know markets rarely move up in a straight line. But when they do, the risk of a major downside correction increases dramatically.
So you should be somewhat prepared. Using simple hedging techniques will help you to do just that…
Married Puts
This technique is an easy one. Simply buy out-of-the-money put options against shares of stocks that you own. A put option increases in value if the underlying stock decreases in value.
For example, if you have 2,000 shares of GM that you bought at $25, …read more […]

Stock futures were little changed to slightly lower Thursday evening as investors braced for the results of the July jobs report Friday morning, which will offer further signals of the direction and pace of economic activity given the ongoing pandemic. Debates in Washington, D.C., over another round of virus-related relief measures are set to continue on Friday, with lawmakers signaling they will be unlikely to hit their earlier self-imposed deadline of hashing out a deal by the end of this week. …read more […]

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Yahoo Finance’s Jared Blikre joins Myles Udland to break down the day’s price action in stocks as well as a long in Square Inc. (SQ), a Yahoo Finance Premium Investment Idea. …read more […]

Uber reported mixed second quarter results as the ride-hailing company’s mobility bookings fell 75% to $3.05B. However, Uber’s delivery bookings were up 106% to $6.96B. The Final Round panel breaks down the details. …read more […]

The stock market just keeps going up, up and away. COVID-19 continues to have a choke hold on the economy, yet stocks have pulled off an incredible recovery, with the S&P 500 up 50% since its March low point. But can the index keep the rally alive?Credit Suisse’s global equity strategy analyst Andrew Garthwaite says yes, noting that by the end of next year, the S&P 500 could “easily hit 3,500 on our models.” He believes there won’t be a major correction, and that “the key is whether you want to buy into dips or sell into rallies and we …read more […]

(Bloomberg) — Dropbox Inc. reported revenue that beat analysts’ estimates, benefiting from increased demand for cloud software amid a shift to working from home due to the coronavirus. The company also announced Chief Financial Officer Ajay Vashee is stepping down effective Sept. 15, sending the shares tumbling in extended trading.The San Francisco-based file-sharing company said sales rose 16% in the second quarter to $467.4 million. Dropbox reported its second consecutive quarter of profits, with net income of $17.5 million, or 4 cents a share, in the three months ending June 30, compared with a loss of $21.4 million, or 5 …read more […]

CALGARY, AB, Aug. 6, 2020 /CNW/ – Inter Pipeline Ltd. …read more […]