Month: October 2020

Jerry’s wallpaper business bored him.
It was profitable, but he wasn’t interested in wallpaper. He’d bought the business from his father-in-law after he and Veronica were married and applied himself diligently to making it grow. His father-in-law, who was still a shareholder, was happy. His family was pleased with the lifestyle his growing income provided them. But he himself was never happy with it. It was just work – work he did to make money.
One day, after slogging away for 20 years, he did something that shocked his family and himself. He sold the business.
“Why?” was all Veronica could say.
“I’m 50 …read more […]

With the upcoming presidential election just weeks away, many people are wondering how the stock market will be affected. Does it matter which candidate wins? If it does, how much and in what way?
The short answer is no. It won’t matter.
There could be some short term fluctuations and volatility. But regardless of who wins the presidency, you shouldn’t worry that it’s going to change the long-term trajectory of the stock market, at least according to Investment U’s Senior Macroeconomic Analyst, Matt Benjamin.
But why is this the case? Shouldn’t something as monumental and consequential as the presidential election affect stock market …read more […]

The airline says it hopes to start taking delivery of the controversial planes early next year. …read more […]

Even when a business is losing money, it’s possible for shareholders to make money if they buy a good business at the… …read more […]

(Bloomberg Opinion) — Apple Inc. has been in the spotlight lately, between antitrust scrutiny of its mobile operating system and the legal battle it’s waging with Fortnite-maker Epic Games Inc. over its App Store. Those developments pale, however, in comparison to the company’s main event next week: the unveiling of its latest iPhones.For all the talk about Apple’s shift to services and subscriptions, the tech giant’s business is still dependent on its core hardware products, so Tuesday’s presentation will be a must-see for investors. There could be a problem this year, though. The lineup’s most vaunted feature — fifth-generation wireless …read more […]

The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But on the bright side, if… …read more […]

Orange and Proximus have picked Nokia to help build 5G networks in Belgium as they drop Huawei amid U.S. pressure to exclude the Chinese firm from supplying key telecoms equipment. The moves are among the first by commercial operators in Europe to drop Huawei from next-generation networks and come after months of diplomatic pressure from Washington, which alleges Huawei equipment could be used by Beijing for spying. The Belgian capital Brussels is home to the European Union’s executive body and parliament, making it a matter of particular concern for U.S. intelligence agencies. …read more […]

(Bloomberg) — China’s massive renewable energy industry has seen shares soar since President Xi Jinping announced the country aims to go carbon neutral by 2060.That surge continued Friday as mainland-listed solar giants like Longi Green Energy Technology Co. and Tongwei Co. jumped in their first trading after a week-long holiday during which some peers in Hong Kong posted gains of more than 20%.The furious rally illustrates the growth potential investors see in Beijing’s effort to go from the world’s biggest polluter to carbon neutrality. The shift could require anywhere from $5 trillion to $15 trillion in investment, much of it …read more […]

Ryanair expects Boeing’s troubled 737 MAX aircraft to return to service in the United States in the next month or so, paving the way for the Irish low-cost carrier to start receiving planes in early 2021, a senior executive said on Friday. The Federal Aviation Administration (FAA) on Tuesday issued a draft report on revised training procedures for the 737 MAX, a milestone to return the plane to service. The FAA finished their test flights last week and it looks like it’s going to go back into service in the U.S. in the next month or so. …read more […]

A strengthening Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico production in 15 years, halting most of the region’s oil and nearly two-thirds of its natural gas output. An already large and powerful storm, Delta could intensify further on Friday as it churns through the Gulf’s prime oil-producing area. Its winds reached 120 miles per hour (195 kmh), according to the National Hurricane Center. …read more […]

(Bloomberg) — Advanced Micro Devices Inc. is in advanced discussions to buy Xilinx Inc. in a takeover that could be valued at $30 billion, according to people familiar with the matter.The deal could come together as early as next week, though things remain in flux, the people said, asking not to be identified discussing a private deal.A combination with Xilinx would give AMD Chief Executive Officer Lisa Su more of the pieces needed to break Intel Corp.’s stranglehold on the profitable market for data-center computer components. It would follow moves by rival Nvidia Corp., which bought Mellanox Technologies Ltd. and …read more […]

(Bloomberg) — Oil in New York is poised for the biggest weekly gain since June with Hurricane Delta forcing operators to shut-in almost 92% of crude output in the Gulf of Mexico as the storm heads toward the U.S. coast.Futures edged lower on Friday but were still up about 11% for the week. Delta regained major hurricane strength and is forecast to slam into the already battered Louisiana coast on Friday after barreling across the Yucatan Peninsula earlier in the week. Prices have also been buoyed by an oil-workers strike in Norway, which is threatening almost a quarter of the …read more […]

Packaged food companies experienced a spike in demand when the pandemic triggered shelter-at-home orders earlier this year. With the gradual reopening of restaurants and fast-food chains, the growth rate for packaged food sales has moderated but the demand continues to be strong compared to pre-pandemic levels as many consumers are opting for home-cooked and packaged food due to COVID-19 fears.With this in mind, we will place consumer staples companies Kraft Heinz and General Mills alongside each other and use the TipRanks Stock Comparison tool to assess which stock offers a more compelling investment opportunity.Kraft Heinz (KHC)Kraft Heinz has been struggling …read more […]

Due to the COVID-19 pandemic, the media and entertainment business is losing revenue from movie tickets, cable subscriptions, and television ads. Telecom giant AT&T Inc’s (NYSE: T) subsidiary WarnerMedia LLC is the latest in the sector to consider layoffs as a cost-cutting measure, according to the Wall Street Journal.Time Warner Inc. was renamed WarnerMedia after AT&T’s acquisition in 2018. What Happened: WarnerMedia’s restructuring plans could kick off sometime in the coming weeks and the layoffs would take place across Warner Bros Studios and other subsidiaries like HBO, TNT, and TBS, as per the Journal. The company is reportedly targeting …read more […]

The world’s first big computing giant wants to focus on higher-margin businesses like the cloud and AI. …read more […]