Trading Ideas
Is Palo Alto Networks (NYSE:PANW) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says… …read more […]
Year: 2019
Business News
S&P 500 squeezes higher on robust Merck, Pfizer earnings
The S&P 500 touched a new record high on Tuesday as investors cheered strong earnings from big drugmakers Merck and Pfizer, while a disappointing profit from Google parent Alphabet kept the Nasdaq firmly in the red.
Trading Ideas
Did Changing Sentiment Drive Occidental Petroleum's (NYSE:OXY) Share Price Down A Worrying 51%?
For many, the main point of investing is to generate higher returns than the overall market. But even the best stock… …read more […]
Trading Ideas
What Spanish Property Taught Me About Investing in Commodities
Contrarian investing is an enviable skill. Today, there are several markets that may be due for a boom, but how can investors know for sure?
Nicholas Vardy explains how to identify an ideal investment.
I remember traveling to the southern coast of Spain in the summer of 2010 to look at real estate investments.
The Spanish property market had crashed. Bank financing had disappeared. Foreign buyers had dried up. Some properties were going for 40% below their asking prices of just two years earlier.
Buying Spanish property after a crash appealed to my contrarian instincts. But in the end, I couldn’t pull the trigger.
The …read more […]
Business News
GM expects to spend more on EVs than gas-powered cars in next five years: CEO
General Motors Co expects to spend more on developing and selling electric vehicles (EVs) than gasoline-powered cars over the next five years, Chief Executive Mary Barra said on Tuesday.
Business News
Volkswagen brings electric cars to Rwanda for ride-hailing service
Volkswagen is importing a batch of electric powered Golf models into Rwanda for a local ride-hailing service, establishing a bridgehead in the country that it hopes to expand to other nations as it seeks to increase market share globally.
Business News
Tesla filing shows U.S. third-quarter sales dropped 39%
Tesla Inc’s third-quarter revenue fell 39% in the United States, a regulatory filing showed on Tuesday.
Business News
Boeing CEO tells U.S. lawmakers at hearing: ‘We’ve made mistakes’; faces tough questions
Boeing Co Chief Executive Dennis Muilenburg was pressed by U.S. lawmakers at a hearing on Tuesday over what the company knew about its MCAS stall-prevention system linked to two deadly crashes, and about delays in turning over internal 2016 messages that described erratic behavior of the software in a simulator.
Business News
Merck, Pfizer spur S&P 500 to record high; Alphabet weighs on Nasdaq
The S&P 500 hit a fresh record high on Tuesday, lifted by upbeat earnings from drugmakers Merck and Pfizer, while disappointing quarterly profit from Google-parent Alphabet kept the Nasdaq firmly in the negative territory.
Business News
GM earnings beat lifts shares but U.S. strike weighs on outlook
General Motors Co on Tuesday slashed its earnings forecast for 2019, saying that a 40-day U.S. labor strike by the United Auto Workers union that brought virtually all of its North American operations to a standstill would cost it around $3 billion in profits this year.
Business News
India’s IndiGo places historic order for 300 Airbus planes
Indian budget carrier IndiGo has placed an order for 300 Airbus A320neo-family jets worth at least $33 billion at recent catalog prices, handing the European planemaker what could be its biggest ever order from a single carrier.
Trading Ideas
UPDATE 2-Boeing CEO tells U.S. lawmakers at hearing: 'We've made mistakes'; faces tough questions
Boeing Co Chief Executive Dennis Muilenburg was pressed by U.S. lawmakers at a hearing on Tuesday over what the company knew about its MCAS stall-prevention system linked to two deadly crashes, and about delays in turning over internal 2016 messages that described erratic behavior of the software in a simulator. In an appearance that began at 10 a.m. EDT (1400 GMT) before the Senate Commerce Committee, Muilenburg acknowledged errors. For months, Boeing had largely not acknowledged blame and, instead, vowed to make a “safe plane safer.” Tuesday’s hearing represents Boeing’s broadest acceptance of responsibility that it made mistakes, …read more […]
Business News
U.S. consumer confidence slips in October
U.S. consumer confidence unexpectedly fell in October amid household concerns about the short-term outlook for business conditions and job prospects.
Business News
Pfizer raises 2019 forecast as sales of cancer drug, heart medicine surge
Pfizer Inc posted third-quarter profit well above analysts’ estimates on higher sales of cancer drug Ibrance and new heart medicine Vyndaqel, encouraging the largest U.S. drugmaker to lift its earnings forecast for the year.
Business News
Russia’s Sberbank to buy stake in Mail.ru to expand in digital economy
Sberbank has agreed to buy Gazprombank’s holding stake in internet company Mail.ru as Russia’s largest lender continues its transformation under Chief Executive German Gref into a banking-to-online services company.