Trading Ideas
The biggest myth of the Trump economy
Trump tells many lies about the economy under his watch. This is the foundational one. …read more […]
Month: November 2019
Business News
Trump, Apple CEO Tim Cook to tour Apple operations in Texas: sources
U.S. President Donald Trump and Apple CEO Tim Cook are expected to tour facilities in Texas where Apple products are made as soon as next week to showcase companies that keep jobs in America, according to two people familiar with the matter.
Trading Ideas
Trump, Apple CEO Tim Cook to tour Apple operations in Texas: sources
U.S. President Donald Trump and Apple CEO Tim Cook are expected to tour facilities in Texas where Apple products are made as soon as next week to showcase companies that keep jobs in America, according to two people familiar with the matter. The trip, which has not yet been announced, would highlight Cook’s strong relationship with Trump as he seeks further relief for Apple from U.S. tariffs on imports from China. Apple declined to comment. …read more […]
Business News
Vendors squeezed in Wells Fargo cost cutting push
At least seven vendors have given Wells Fargo & Co a partial refund for their services after bank executives pressured the contractors to return 2.5% of revenue earned last year, according to sources familiar with the matter.
Trading Ideas
Vendors squeezed in Wells Fargo cost cutting push
At least seven vendors have given Wells Fargo & Co a partial refund for their services after bank executives pressured the contractors to return 2.5% of revenue earned last year, according to sources familiar with the matter. Wells Fargo spokesman Peter Gilchrist said participation in the voluntary rebate would not be considered when awarding future contacts. The bank is expected to issue a new request for business proposals from its IT vendors in the first quarter of next year. …read more […]
Trading Ideas
GLOBAL MARKETS-Stocks, dollar rise as Trump says trade deal is near
Global equity markets and the dollar rose on Tuesday as U.S. President Donald Trump reiterated the United States is close to signing a trade deal with China but offered no new details. Stocks on Wall Street set fresh record highs before Trump’s highly anticipated remarks to the Economic Club of New York, but slowly pared some gains after the speech, which contained no major policy announcements. Trump touted his administration’s economic record in a campaign-style speech but did not announce a venue or date for signing a trade deal with Chinese President Xi Jinping as market speculation had …read more […]
Trading Ideas
SmileDirectClub up after third quarter results
SmileDirectClub reports mixed earnings, beating revenue estimates of $165.4 million with $180.2 million for the quarter. …read more […]
Business News
Flying 14 hours or more? Boeing sees longer routes as ‘key’ for growth
Serving airlines that will operate flights lasting 14 hours or longer is a “key consideration” for Boeing Co’s global growth strategy over the next 20 years, an executive said on Tuesday.
Trading Ideas
ValueAct Urges External CEO Search at Hawaiian Electric
(Bloomberg) — Activist investor ValueAct Capital Management is urging Hawaiian Electric Industries Inc. to look outside of the company for a successor to Chief Executive Officer Constance Lau to help the utility accelerate its renewable energy goals.The San Francisco-based hedge fund said in a letter to Hawaiian stakeholders it believes the company has started its succession planning for Lau and is in need of a corporate cultural shift.“The company is at an inflection point where management can be driven either by more of the same inertia or, alternatively, by innovative, forward-looking thinking and action,” ValueAct Chief Executive Officer Jeff Ubben …read more […]
Trading Ideas
UPDATE 1-Brazil's BNDES hiring banks to sell at least $1.2 bln in JBS shares -sources
Brazilian development bank BNDES has asked banks for proposals to sell a stake worth 5 billion reais ($1.2 billion) in meatpacker JBS SA, sources with knowledge of the matter said. The shareholders agreement in the company requires BNDESPar to keep its stake at no less than 15% if it wants a seat on the board and a veto on some issues, according to public documents. Banks will advise BNDES on the best timing for the offering. …read more […]
Business News
U.S. auto showrooms need more electric cars, environmental group says
Environmental group the Sierra Club on Tuesday urged automakers and dealerships to help cut U.S. carbon emissions and fight the climate crisis by making more electric vehicle available in U.S. showrooms.
Business News
S&P 500 ekes out gain after Trump trade remarks
The benchmark S&P 500 stock index eked out a slim gain on Tuesday as President Donald Trump said the United States is close to signing an initial trade deal with China but offered no new details about negotiations.
Business News
Boeing gives pilot new job after firestorm over leaked messages: sources
One of two Boeing Co technical pilots who described flaws in a crucial flight control system in leaked 2016 instant messages has been transferred to a new job at the U.S. planemaker, two people familiar with the matter said on Tuesday.
Business News
Fed’s election year challenge: Is slowing U.S. job growth a ‘material’ change?
Having guided interest rates lower this year and declared a stopping point, Federal Reserve officials face a potentially volatile election year problem if U.S. job growth slows in coming months as many expect it will.
Business News
Disney+ debut hit by tech glitches, company blames demand
Walt Disney Co’s long-awaited debut in the streaming media wars on Tuesday was hit with technical glitches that the company said were caused by higher-than-expected demand as it takes on rival Netflix Inc.