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Trading Ideas

U.S. Steel Met by Skepticism as It Recasts Its Profit Guidance

(Bloomberg) — U.S. Steel Corp. gave a third-quarter loss estimate that was better than its guidance just three weeks earlier, helped by a gain from claims arising out of a supplier’s bankruptcy.Analysts weren’t impressed. Shares were the second-worst performer on the S&P gauge of steelmakers. The stock has slumped 15% since the start of the month when it announced it’s paying $700 million to buy almost half of its high-tech rival Big River Steel, a purchase that will be funded by a lending facility.“You have to question the motive when a company pre-releases twice,” Phil Gibbs, an analyst at Keybanc …read more […]

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Trading Ideas

Toyota unveils revamped hydrogen sedan to take on Tesla

Toyota Motor Corp unveiled a completely redesigned hydrogen-powered fuel cell sedan on Friday in its latest attempt to revive demand for the niche technology that it hopes will become mainstream. Japan’s biggest automaker has been developing fuel-cell vehicles for more than two decades, but the technology has been eclipsed by the rapid rise of rival battery-powered electric vehicles promoted by the likes of Tesla Inc . Ahead of the Tokyo Motor Show starting on Oct. 24, Toyota unveiled a prototype of the new hydrogen sedan built on the same platform as its luxury Lexus brand’s LS coupe. …read more […]

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Trading Ideas

UPDATE 1-Air New Zealand nabs Walmart exec to lead airline

Air New Zealand on Friday named Walmart executive Greg Foran as the airline’s next chief executive officer, replacing outgoing boss Christopher Luxon. Foran has served as president and CEO of Walmart U.S., a unit of Walmart Inc, since 2014. Before joining Walmart, He held a number of positions with Woolworths in Australia. …read more […]

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Trading Ideas

The Holy Grail of Investing

When it comes to investing, most people focus on stocks and bonds. Sometimes you hear about private equity deals and early-stage investing opportunities.
Fewer people talk about investing in real estate. And when they do, they’re often talking about flipping houses.
Yet the holy grail of investing, in my opinion, is rental real estate.
In my lifetime, my biggest income generating investment has been real estate. And real estate is also where I have recorded some massive capital gains.
The key to my success has been knowing when and how to buy rental real estate and how to manage it.
Rental real estate is a …read more […]

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Business News

U.S., China resume high-level trade talks as non-core concessions seen possible

Top U.S. and Chinese negotiators met on Thursday for the first time since late July to try to ease a bitter 15-month trade war and business groups expressed optimism that they might be able to find enough common ground to delay a U.S. tariff hike scheduled for next week.

…read more […]