Year: 2020

Oil prices rose on the first trading day of 2020 as warming trade relations between the United States and China eased demand concerns, and rising tensions in the Middle East raised worries about supply. U.S. West Texas Intermediate (WTI) crude was up 21 cents, or 0.3%, at $61.27 per barrel. Both benchmarks ended higher in 2019, posting their biggest annual gains since 2016, buoyed at the end of the year by a thaw in the prolonged trade dispute between the United States and China – the world’s two largest economies – and a deeper output cut pledged by …read more […]

Asian shares kicked off the new decade higher on Thursday, after global stocks ended the previous one at record highs, and buoyed by Chinese markets after Beijing eased monetary policy to support slowing growth. Investors also cheered news that the United States and China will sign a trade pact soon after a year of volatile negotiations between the world’s two largest economies. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.35% in morning trade after rising 5.6% in December. …read more […]

(Bloomberg) — U.K. chip designer Imagination Technologies Group Plc said it’s struck a new license agreement with Apple Inc., reviving a business relationship that had all but ended in recent years.The company, which was sold to Chinese buyout firm Canyon Bridge Capital Partners for 500 million pounds ($663 million) in September 2017, said Thursday it “formed a new multi-year license agreement under which Apple has access to a wider range of Imagination’s intellectual property in exchange for license fees.”Apple previously used graphics chips or GPUs in its iPhones and iPads that were designed by Imagination Technologies, but it moved to …read more […]

(Bloomberg) — U.K. chip designer Imagination Technologies Group Plc said it’s struck a new license agreement with Apple Inc., reviving a business relationship that had all but ended in recent years.The company, which was sold to Chinese buyout firm Canyon Bridge Capital Partners for 500 million pounds ($663 million) in September 2017, said Thursday it “formed a new multi-year license agreement under which Apple has access to a wider range of Imagination’s intellectual property in exchange for license fees.”Apple previously used graphics chips or GPUs in its iPhones and iPads that were designed by Imagination Technologies, but it moved to …read more […]

Permian producers are facing a difficult choice; pay a premium to haul off excess natural gas or literally burn it, and their profits …read more […]

In a final push before the closing of the year, the FDA deemed it fit to clear even long pending ones, including Flexion Therapeutics Inc’s (NASDAQ: FLXN ) sNDA for the updation of the label for its osteoarthritis … …read more […]

Mesoblast Limited (Nasdaq: MESO) announced that the United States Food and Drug Administration (US FDA) has confirmed receipt of Mesoblast’s filing of clinical efficacy and safety data for remestemcel-L in its rolling Biologics License Application (BLA) for the treatment of children with steroid-refractory acute graft versus host disease (SR-aGVHD). The final module will be filed during January, and Mesoblast will request an expedited FDA review of the BLA under the product candidate’s existing Fast Track designation. …read more […]

(Bloomberg Opinion) — The Mid Valley Megamall in Kuala Lumpur has more than 100 restaurants, cafes, and snack stands to meet every kind of craving. As of this month, that list includes a novel and seemingly quixotic option: Santan, a cafe that serves airplane food in cardboard boxes.As restaurant concepts go, “quick airplane food” isn’t an obvious winner. But Santan is owned and operated by AirAsia Group Bhd, the region’s most successful budget airline. With profits declining in the industry, the company is looking to diversify — it wants to reduce flying from 80% of its business to about 40% …read more […]

While many oilfield service companies struggled in 2019, the new year is here, and with it comes a promising micro-cap that’s making all the right moves …read more […]

Long term investing is the way to go, but that doesn’t mean you should hold every stock forever. We don’t wish… …read more […]