Trading Ideas
Real Estate vs. Stocks: Which Is the Safer Investment?
Know the pros and cons of each investment type so you can decide how to allocate your money. …read more […]
Month: December 2019
Business News
Huawei mounts legal challenge against FCC over rural carrier customers
China’s Huawei has mounted a legal challenge against the U.S. Federal Communications Commission (FCC) after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program.
Business News
GM, LC Chem announce $2.3 billion EV battery venture in Ohio
General Motors Co .and South Korea’s LG Chem said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.
Trading Ideas
BREAKING: United Promotes Scott Kirby to CEO, Munoz Becomes Executive Chairman
United Airlines is reshuffling its executive team with Scott Kirby being promoted to CEO in a long-expected move, and Oscar Munoz shifting to executive chairman of the airline group’s board. The change will take place in May 2020 when United’s current chairman, Jane Garvey, will retire from the board. Munoz will serve as executive chairman […] …read more […]
Business News
United Airlines picks Scott Kirby to replace Oscar Munoz as CEO
United Airlines on Thursday named insider Scott Kirby as its chief executive officer to succeed Oscar Munoz, who will take the role of executive chairman in May 2020.
Trading Ideas
UPDATE 1-Kinder Morgan expects earnings to decline in 2020
Pipeline operator Kinder Morgan Inc on Thursday forecast a drop in core earnings next year, as growth from expansion projects would likely be offset by higher spending and lower contract rates on some of its gas and oil pipelines. Kinder Morgan would generate $5.1 billion of distributable cash flow in 2020, which is nearly 3% higher than the current forecast for 2019. It also said it would increase its dividend per common share in 2020 to $1.25 per share, while spending $2.4 billion on expansion projects and joint ventures next year. …read more […]
Business News
BP increases stake in solar energy firm Lightsource BP
BP is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday.
Trading Ideas
The Lead Independent Director of Noble Energy, Inc. (NYSE:NBL), Scott Urban, Just Bought 31% More Shares
Investors who take an interest in Noble Energy, Inc. (NYSE:NBL) should definitely note that the Lead Independent… …read more […]
Trading Ideas
Is Floor & Decor Holdings, Inc. (NYSE:FND) Struggling With Its 8.7% Return On Capital Employed?
Today we are going to look at Floor & Decor Holdings, Inc. (NYSE:FND) to see whether it might be an attractive… …read more […]
Business News
Dollar General lifts profit forecast, tops third-quarter expectations on sales
Discount store operator Dollar General Corp raised its full-year profit forecast on Thursday after reporting its best quarterly same-store sales rise in nearly five years, benefiting from a wider selection of products and revamped stores.
Business News
Futures rise on increased hopes of trade deal with China
U.S. stock index futures rose on Thursday, setting Wall Street for a second session of gains this week, on increased hopes of a preliminary trade deal between the United States and China.
Trading Ideas
UPDATE 1-Sage's oral depression therapy fails in late-stage trial; shares plunge
Sage Therapeutics Inc said on Thursday its experimental drug failed to improve condition of patients with severe depression in a late-stage study, setting up the drugmaker to lose about $4 billion in valuation when the market opens. The hotly anticipated data was expected to allow the company to widen its reach in the multi-billion dollar depression market it entered with its first-approved drug, Zulresso, for postpartum depression. SVB Leerink analyst Marc Goodman had said in a note ahead of the trial results that a late-stage trial failure would be a major disappointment to investors and a setback for …read more […]
Trading Ideas
Introducing Exelon (NASDAQ:EXC), A Stock That Climbed 33% In The Last Three Years
Low-cost index funds make it easy to achieve average market returns. But in any diversified portfolio of stocks… …read more […]
Business News
Tiffany misses estimates for profit on weak demand in Americas, Hong Kong
Luxury jeweler Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , missed Wall Street expectations for quarterly profit and sales on Thursday as weak demand at home and in Hong Kong offset growth elsewhere in China.
Trading Ideas
McClatchy Goes Digital to Ward Off ‘Ghost Papers’
(Bloomberg Opinion) — When I interviewed Craig Forman, the chief executive officer of McClatchy Co., last week, shares of the regional newspaper chain stood at 39 cents. Like its peers, it has struggled as print advertising has dwindled and subscribers have abandoned ship. Last month, the company said in a regulatory filing that it might not be able to continue “as a going concern” because of a pension overhang. That explains the depressed stock price.Coincidentally, last month was also when Alden Global Capital LLC bought a 25% stake in another struggling media company, Tribune Co. As I’ve noted before, the …read more […]