Month: October 2019

(Bloomberg) — The Trump administration is considering an extension of Chevron Corp.’s waiver to operate in Venezuela, albeit with even greater limitations, according to people familiar with the matter.The 90-day sanctions reprieve would allow Chevron to continue its role as the last major U.S. oil producer in the nation beyond the Oct. 25 expiration date. Still, the Treasury Department wants to advance its “maximum pressure strategy” to further limit Venezuela’s crude production, the people said.One of the people, all of whom were granted anonymity to discuss the deliberations, said on Friday evening that the decision making process was in its …read more […]

It’s a bearish start to the day for the majors. Failure to move through to key levels by late morning could lead to another sell-off. …read more […]

The U.S. Food and Drug Administration on Friday approved Alexion Pharmaceuticals Inc’s treatment for a second rare blood disorder, the company said. The treatment, Ultomiris, has already been approved in the United States, Japan and the European Union to treat adults with blood disorder called paroxysmal nocturnal hemoglobinuria. Friday’s approval allows its use in treating atypical hemolytic uremic syndrome (aHUS), a condition that causes abnormal blood clots to form in small blood vessels in the kidneys, which could result in kidney failure. …read more […]

(Bloomberg) — The chief of California utility giant PG&E Corp. has a suggestion for those state officials attacking the company over an unprecedented blackout it orchestrated last week to prevent wildfires: Why don’t you try making the call next time?Bill Johnson, chief executive officer of the embattled power company, posed the idea in a letter to California Governor Gavin Newsom on Friday — just before attending a meeting in San Francisco where he was blasted by state regulators. In his letter, Johnson said perhaps the state’s utility commission or its fire agency should make future decisions on whether to turn …read more […]

Such calibration problems may have contributed in some way to Mark Forkner’s observations and conclusions of MCAS’ behavior, the pilot, and a second former Boeing engineering employee, Rick Ludtke, said. The messages, first reported by Reuters, sent Boeing’s shares tumbling, prompted a demand by U.S. regulators for an immediate explanation, and a new call in Congress for Boeing to shake up its management. …read more […]

Q3 2019 SL Green Realty Corp Earnings Call …read more […]

There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […] …read more […]

Is W.P. Carey Inc. (NYSE:WPC) a good bet right now? We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage […] …read more […]

The elite funds run by legendary investors such as David Tepper and Dan Loeb make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don’t follow. Because of their pay structures, they have strong incentives to do the research necessary […] …read more […]