Month: November 2019

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Trading Ideas

Fannie-Freddie Might Not Sell Shares Until 2022, Watchdog Says

November 13, 2019 admin Comments Off on Fannie-Freddie Might Not Sell Shares Until 2022, Watchdog Says

(Bloomberg) — Fannie Mae and Freddie Mac’s regulator said the mortgage giants will likely be ready for public offerings by 2021 or 2022, a key step toward their exits from government control.Federal Housing Finance Agency Director Mark Calabria, speaking Wednesday at a housing finance policy conference in Washington, said he expects that his agency will have a rule dictating capital requirements in place before Fannie and Freddie go to market. He said they may face a period where they operate under a consent decree in which they technically exit conservatorship but aren’t free of the government’s grip.“If all goes well, …read more […]

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Trading Ideas

Conventional Oil and Gas Discoveries Hit 70-Year Lows

November 13, 2019 admin Comments Off on Conventional Oil and Gas Discoveries Hit 70-Year Lows

It would seem that electric vehicles are taking over from internal combustion engine (ICE) vehicles at the right time. Or should I say, just in time?
Whether you invest in oil and gas or drive an ICE vehicle, you should pay close attention to this trend. I’m talking about the big decline in conventional oil and gas discoveries.
Over the last three years, new oil discoveries hit a 70-year low, according to an IHS Markit report. And there is no indication there is going to be any kind of rebound.
The lack of discoveries is a direct result of a pullback in wildcat …read more […]

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Business News

Visa, Mastercard draw FTC inquiry over debit card transactions: Bloomberg Law

November 13, 2019 admin Comments Off on Visa, Mastercard draw FTC inquiry over debit card transactions: Bloomberg Law

The Federal Trade Commission (FTC) is conducting a preliminary inquiry on Visa Inc and Mastercard Inc over policies that can prohibit merchants from routing card transactions through other debit networks, Bloomberg Law reported on Wednesday, citing sources familiar with the matter.

…read more […]

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Trading Ideas

Activist Short Seller Is Targeting Cintas Corporation (CTAS)

November 13, 2019 admin Comments Off on Activist Short Seller Is Targeting Cintas Corporation (CTAS)

Activist short seller Ben Axler sent us an email this morning with the details of his short case against Cintas Corporation (NASDAQ:CTAS). We haven’t verified the accuracy of his statement and Cintas Corporation hasn’t responded Axler’s claims. Here is what Axler said in the email: “Spruce Point is pleased to issue a unique investment research […] …read more […]