No Picture
Trading Ideas

UBS wealth management co-head Khan unveils plans to grow business: paper

UBS executive board member Iqbal Khan wants to expand credit to rich clients as a way to grow the Swiss bank’s wealth management business, it was reported on Sunday. Khan, the former Credit Suisse star manager who is now co-head of wealth management at UBS, said in a memo to staff he wanted to see “quick wins while working on long-term strategic solutions,” Sonntagzeitung wrote on Sunday. “Financing is definitely an area where we could do more,” Khan said in the memo, according to the newspaper. …read more […]

No Picture
Trading Ideas

3 Monster Growth Stocks That Are Still Undervalued

For growth stocks, Wall Street pros suggest looking at the bigger picture. We mean taking a step back and searching for names capable of rewarding investors for years to come rather than in just the short-term. However, finding these stocks with explosive growth prospects isn’t always easy.That’s where TipRanks.com comes in. Using the platform’s in-depth market data, we were able to zero in on 3 stocks set to see huge gains in the long-run. Having earned enough support from the Street’s analysts in the last three months, all of these names have “Strong Buy” consensus ratings.If that wasn’t captivating enough, …read more […]

No Picture
Trading Ideas

Saudi Aramco Reveals Key Risks Before Giant IPO

(Bloomberg) — Saudi Aramco published the prospectus for what could be the biggest initial public offering in history. The oil giant disclosed a catalog of risks, ranging from terrorism to government interference, the impact of climate change on demand and even currency exchange difficulties.Risk factorsPolitical unrest and acts of terrorism such as the Sept. 14 attacks on the Abqaiq processing facility and the Khurais oil field may “materially and adversely affect” Aramco and the market price of the sharesThe U.S. Justice Against Sponsors of Terrorism Act, known as Jasta, may create anew basis for American nationals to sue Aramco, similarly …read more […]

No Picture
Trading Ideas

Iran's president: New oil field found with over 50B barrels

Iran has discovered a new oil field in the country’s south with over 50 billion barrels of crude oil, its president said Sunday, a find that could boost the country’s proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions. The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions after the U.S. pulled out of its nuclear deal with world powers last year. …read more […]

No Picture
Trading Ideas

Pentagon Gets a Fix for F-35 Bug in $400,000 Pilot Helmets

(Bloomberg) — The U.S. military may have finally found a way to fix a glitch with the world’s most hi-tech helmet used by pilots flying the most expensive fighter jet in history.A bug in the $400,000 helmet display screen used by F-35 aviators caused a green glow when flying in very low-light conditions and is now expected to be overcome by using a different type of semiconductor illumination.The distracting green glow was deemed so critical that restrictions were imposed on some night landings on aircraft carriers, and the fault was classified as a “Priority One” fix by the Pentagon’s test …read more […]