Miller Value Partners recently released its 2019 Q3 investor letter – you can download a copy here. We just published another article about Bill Miller’s comments earlier today. The investment management firm did not have a good third quarter, experiencing a 1.81% decline, while the S&P 500 rose 1.70%. One of the top contributors for the fund over the […] …read more […]
Asian share markets were mixed on Tuesday, as another day awaiting clearer news on the progress of U.S.-China trade negotiations left investors bereft of trading motivation. MSCI’s broadest index of Asia-Pacific shares outside Japan inched 0.2% higher as hopes for stimulus in China lifted Shanghai blue chips by 0.8% and Hong Kong’s Hang Seng by 1%. Japan’s Nikkei, however, shed 0.2% and South Korea’s Kospi 200 dropped 0.3%. …read more […]
Q3 2019 Park Lawn Corp Earnings Call …read more […]
BEIJING/SHANGHAI (Reuters) – U.S. plant-based “meat” makers targeting China like Impossible Foods and Beyond Meat Inc will need to battle homegrown rivals which are developing local favourites such as dumplings and mooncakes to nab a share of the lucrative market. China’s meat substitute industry has seen a surge in interest in recent months, with startups, traditional food businesses and investors betting trend-loving Chinese consumers will take to plant-based protein like their U.S. counterparts. A devastating pig disease and bruising Sino-U.S. trade war that have combined to push up meat prices are also playing a role. …read more […]
Hong Kong’s new police chief called for the support of all citizens to end social unrest that has disrupted the city for more than five months, while protesters remained trapped by his officers at a university for a third day on Tuesday. About 200 protesters were still inside the sealed-off Hong Kong Polytechnic University campus, raising fears of bloody clashes with no resolution in sight. China’s top legislature, commenting on a ruling that said a proposed ban on face masks worn by protesters was unlawful, said Hong Kong courts had no power to rule on the constitutionality of …read more […]
(Bloomberg) — Cisco Systems Inc. sued three former senior employees whom it accused of stealing thousands of files containing confidential information when they defected to a competitor.Shortly after resigning their jobs at Cisco this year, the three men joined an unidentified company that competes “in the IP telephony, headset, video, and collaboration space,” according to the complaint.Cisco claims that Wilson Chung, who was one of its principal engineers, downloaded more than 3,000 internal documents containing trade secrets, including information about the company’s contributions to 5G technology and its design specification for a video-conferencing prototype, before he left in February.Chung is …read more […]
A U.S. watchdog on Monday backed a protest from Jeff Bezos’ space company that challenged the Pentagon’s military space launch procurement strategy, showing support for one of the Amazon billionaire’s disputes with major agency procurement programs.
U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories.
“We received an inquiry from the office of the New York State Attorney General and are cooperating in the matter,” a WeWork spokesperson said. …read more […]
Billionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exchange Commission (SEC) to rethink a proposed rule change for proxy adviser firms, saying it would make activist investing “even more difficult and expensive to practice.”
The life insurance arm of Commonwealth Bank of Australia pleaded guilty to 87 counts of breaching a law banning sales staff from making unsolicited calls to sell financial products, the country’s corporate regulator said on Tuesday.
(Bloomberg) — The world’s biggest lithium-ion battery is about to get even bigger, with Tesla Inc. set to beef up capacity at the Hornsdale site in South Australia.The system will be expanded by 50% to 150 megawatts, according to an announcement from Neoen SA, the French company that operates the site. The storage site has already saved consumers more than A$50 million ($34 million) in its first year of operation.Since its 2017 installation, the battery has helped to stabilize the grid, avoid outages and lower costs by offsetting the intermittency of renewable power generation. That’s helped blaze a trail for …read more […]
While China is no stranger to food using vegetarian ingredients to give a meat-like flavor, the buzz around Beyond Meat and Impossible Foods in the U.S. is driving a series of Chinese companies to roll out similar pea or soy-based meat products.
Top Senate Democrat Chuck Schumer and Republican Senator Tom Cotton on Monday urged the U.S. government to swiftly issue rules to make it harder to export sophisticated technologies to China that Beijing can use to boost its military.
The life insurance arm of Australia’s largest lender, Commonwealth Bank of Australia , pleaded guilty to 87 counts of hawking offences, the corporate regulator said on Tuesday.
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