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Trading Ideas

It’s Time to Take a Calculated Risk on General Electric Stock

Some of the calls were early, while the more recent table-pounding in favor of GE stock was ideally timed. As I said from the beginning, though the stage was set, General Electric stock was going to be a volatile mess for the foreseeable future. The pros are all — more or less — starting to agree things really can’t get much worse for GE stock, and may well improve from here. …read more […]

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Trading Ideas

Judge: Special counsel had authority to prosecute Manafort

Special counsel Robert Mueller was working within his authority when he brought charges against President Donald Trump’s former campaign chairman Paul Manafort, a federal judge in Washington ruled Tuesday. The decision was a setback for Manafort in his defense against charges of money-laundering conspiracy, false statements and acting as an unregistered foreign agent related to his Ukrainian political work. Manafort had argued that Mueller had exceeded his authority because the case was unrelated to Russian election interference. …read more […]

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Business News

Brazilian prosecutors charge JBS shareholder with corruption – source

BRASILIA (Reuters) – Brazilian federal prosecutors presented charges against Joesley Batista, a major shareholder in meatpacker JBS SA , another senior executive and a former federal prosecutor accusing them of corruption, money laundering and obstruction of Justice, a source familiar with the matter said on Tuesday.

…read more […]

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North Korea threatens to cancel US summit over drills

North Korea on Wednesday canceled a high-level meeting with South Korea and threatened to scrap a historic summit next month between President Donald Trump and North Korean leader Kim Jong Un over military exercises between Seoul and Washington that Pyongyang has long claimed are invasion rehearsals. The surprise declaration, which came in a pre-dawn dispatch in North Korea’s state media, appears to cool what had been an unusual flurry of outreach from a country that last year conducted a provocative series of weapons tests that had many fearing the region was on the edge of war. It’s still …read more […]

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Business News

Highlights: Hedge funds chomped on FAANGs during first quarter tech turmoil

(Reuters) – The following are some hot stocks including the so-called FAANG technology stocks – Facebook Inc , Amazon.com , Apple Inc , Netflix Inc and Google parent Alphabet Inc – as well as other companies in which hedge fund managers either took new stakes, adding to or exiting existing positions in the first quarter, filings with the U.S. Securities and Exchange Commission showed on Tuesday.

…read more […]

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Business News

Hedge funds chomped on FAANGs during first quarter tech turmoil

(Reuters) – The following are some hot stocks including the so-called FAANG technology stocks – Facebook Inc , Amazon.com , Apple Inc , Netflix Inc and Google parent Alphabet Inc – as well as other companies in which hedge fund managers either took new stakes, adding to or exiting existing positions in the first quarter, filings with the U.S. Securities and Exchange Commission showed on Tuesday.

…read more […]