A U.S.-China currency agreement being floated as a symbol of progress in this week’s trade talks between the world’s two largest economies would largely repeat past pledges by China, currency experts say, and will not change the dollar-yuan relationship that has been a thorn in the side of President Donald Trump.
Top U.S. and Chinese trade officials met on Thursday for the first time since late July to try to find their way out of a bitter, 15-month trade war as new irritants between the world’s two largest economies threatened to dash hopes for progress.
(Bloomberg) — JPMorgan Chase & Co. is leading discussions to put together a rescue package for cash-strapped WeWork that may come together as soon as next week, the Financial Times reported.The U.S. investment bank may contribute a large sum to any bailout, giving WeWork a much-needed infusion of cash after the once high-flying startup’s failed attempt at an initial public offering, the newspaper cited unidentified people as saying. The co-working company will need fresh capital by the end of November, the FT reported.WeWork formally withdrew the prospectus for an IPO this month, capping a botched fundraising effort that cost its …read more […]
President Donald Trump will meet with Chinese Vice Premier Liu He at 2:45 p.m. EDT/1845 GMT on Friday as the world’s two biggest economies try to reach a trade agreement, the White House said.
(Bloomberg) — Dyson Ltd.’s sudden decision to scrap its $2.5 billion electric-vehicle ambitions is the latest reality check creeping into the once soaring EV industry.The famed maker of vacuum cleaners and hair dryers couldn’t find a way of making the project commercially viable, billionaire James Dyson said in a letter to staff Thursday. The announcement came about two years after the company first disclosed its plans to jump into car manufacturing.Dyson represents one of the most high-profile players to pull out of a sector that’s attracted hundreds of start-ups in recent years seeking to become the next Tesla Inc. But …read more […]
Asian shares rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, stirring hopes for an agreement, while sterling was flat after earlier jumping on optimism over a potential Brexit deal.
Moroccan national airline Royal Air Maroc (RAM) faced uncertainty over its plans for Boeing’s 737 MAX as a senior industry source close to the matter denied that a deal for more jets had been suspended.
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the second quarter and hedging or reducing many of […] …read more […]
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out […] …read more […]
Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […] …read more […]
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […] …read more […]
Oil prices climbed early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks between the United States and China to end their trade war.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […] …read more […]
General Motors and the United Auto Workers (UAW) union clashed late Thursday over how to end a 25-day strike that has cost the company over $1 billion, according to letters seen by Reuters.
(Bloomberg) — Faced with mounting public anger over massive blackouts, California Governor Gavin Newsom blamed PG&E Corp. for years of “greed and neglect” and demanded major structural changes at the bankrupt utility.Newsom’s comments came as many Californians questioned whether PG&E overreacted to a windstorm that didn’t prove as powerful as forecast. The company cut electricity to more than 2 million people — the largest preemptive blackout in the state’s history — to prevent its power lines from sparking wildfires.The Democratic governor, who on Wednesday called the blackouts “appropriate under the circumstances,” took a dramatically harsher tone Thursday, blaming PG&E for …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
