Trading Ideas
Why BlackBerry, J.C. Penney, and Splunk Slumped Today
Find out what’s sending a hot area in tech lower. …read more […]
Year: 2018
Trading Ideas
Tesla SolarCity
Elon Musk and Tesla in the news again — let’s first talk about its solar business. The Reuters report coming on the heels of Tesla’s announcement last week to cut 9% of its workforce.
Solar roof hit the mkt just over a year ago. stock selling off — another bump in road for Musk…
Just last week, CEO Elon Musk said his company would stop selling SolarCity products at sales kiosks at around 800 Home Depot Inc. stores- that retail partnership reportedly generated around half of the division’s sales.
Burning through cash — some investors don’t see a viable strategy for …read more […]
Trading Ideas
Tesla closes solar installation centers as part of layoffs
Tesla’s recently announced layoffs may hurt its solar panel business …read more […]
Trading Ideas
Tesla's new assembly line in a tent is unprecedented
In an effort to meet production goals for its Model 3 sedan, Tesla has built a new tentlike, open-air assembly line facility outside its factory in Fremont, Calif. …read more […]
Business News
Dow snaps losing streak on energy lift
NEW YORK (Reuters) – The S&P 500 and Dow Jones Industrial Average climbed on Friday, as the Dow put to rest an eight-day losing streak with a boost from energy stocks, but losses in the technology space kept the Nasdaq in check.
Trading Ideas
Harley says EU duties could prompt price hikes
Harley-Davidson Inc could be forced to raise prices in Europe due to EU tariffs on U.S. goods, hitting buyers of new motorcycle models when they are shipped to dealers later in the year, the head of its central European business said. Earlier this week, the European Commission said it would start charging import duties of 25 percent on a range of U.S. products from Friday after Washington imposed tariffs on EU steel and aluminum at the start of June. Harley says it is getting hit by tariffs twice: Once by the EU import duty and once by a …read more […]
Trading Ideas
Bitcoin Price Drops to Within $100 of 2018 Low
The price of bitcoin fell to within $100 of its 2018 low Friday morning as last weeks rally proved to be short-lived. …read more […]
Business News
Bitcoin falls to four-month low in persistent bearish trend
NEW YORK (Reuters) – Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan’s financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.
Business News
China’s ZTE expected to take last step to lift ban: U.S. official
(Reuters) – China’s ZTE Corp is expected to deposit $400 million in an escrow account in a U.S. bank in the “next couple of days,” the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday.
Business News
Harley says EU duties could prompt price hikes
FRANKFURT (Reuters) – Harley-Davidson Inc could be forced to raise prices in Europe due to EU tariffs on U.S. goods, hitting buyers of new motorcycle models when they are shipped to dealers later in the year, the head of its central European business said.
Business News
Energy stocks gain on oil boost; Dow set to snap losing skid
NEW YORK (Reuters) – The S&P 500 and Dow Jones Industrial Average advanced on Friday, with the Dow poised to end an eight-day losing streak, as a jump in oil prices lifted energy stocks, but losses in technology stocks kept the Nasdaq in check.
Business News
Shares in Russia’s Sistema drop 9 percent on U.S. sanctions fears
MOSCOW (Reuters) – Shares in Russian business conglomerate Sistema fell 8.7 percent in Moscow trade on Friday, after two U.S. lawmakers called for an investigation into whether the group’s owner should be subject to sanctions.
Business News
Big Oil eyes U.S. minority groups to build offshore drilling support
WASHINGTON (Reuters) – The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration’s proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.
Trading Ideas
BlackBerry signals slowing sales on subscription switch
The company forecast 8 percent to 10 percent growth for the business in 2019, compared with 20 percent in 2018, overshadowing its first-quarter revenue and profit beat. BlackBerry will no longer be selling its software and services on a licensing basis and will have to convince companies to agree to subscriptions, Chief Executive Officer John Chen said on a post-earnings call. The growth guidance is lower than what the market has been expecting, and that’s mainly due to the company having to recognize enterprise software revenue based on subscription, Morningstar analyst Ali Mogharabi said. …read more […]
Business News
Dow set to snap 8-day losing run as oil climbs
(Reuters) – U.S. stocks rose on Friday with the Dow Jones Industrial Average looking to snap its 8-day losing streak, powered by a surge in oil prices, but losses in technology stocks curbed some gains.