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Trading Ideas

MGM Resorts Leads U.S. Travel Sector With Job Cuts So Far in 2019

The U.S. travel industry continues to see an overall tight job market, benefiting from a strong economy that drove the unemployment rate to a half-century low, the U.S. Bureau of Labor Statistics reported Friday. But some individual travel companies experienced job cuts tied to retrenchment this year, providing a humbling context to Friday’s jobs report. […] …read more […]

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Trading Ideas

Tesla automated parking problems seen liability of app 'driver' for now

If the accidents pile up, though, Tesla itself is sure to be brought into a legal fight, insurance industry experts said. A Tesla software update last week added a so-called Smart Summon feature for some customers. Users start the car by holding down a button and stop the car by releasing it, Tesla said in instructions, warning users to be careful. …read more […]

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Business News

Trump sees ‘very good chance’ of China trade deal, says no link to Biden probe request

U.S. President Donald Trump said on Friday that his administration has a “very good chance” of making a trade deal with China, and insisted there were no links between China talks and his desire for Beijing to investigate Democratic presidential candidate Joe Biden.

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Trading Ideas

Gold Confiscation, $90K Bitcoin and IPOs Gone Wrong

What a crazy few weeks it’s been. There are a bunch of different topics I want to discuss today, so we’re going to look at three stories, with brief commentary on each.
IPOs Are for the Last Investors in Line
This is a devastating take on the IPO market, courtesy of Naval Ravikant, Babak Nivi and the rest of the team at Spearhead.
Naval: By the time a company goes public, you can bet anybody with connections, an appetite, investing skills and capital got a bite at it. So if you’re investing in a tech company’s IPO, you are literally last in line. …read more […]