Month: January 2020

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Business News

U.S. rejects Avenatti claim that ‘document dump’ justifies Nike trial delay

January 13, 2020 admin Comments Off on U.S. rejects Avenatti claim that ‘document dump’ justifies Nike trial delay

U.S. prosecutors on Monday rejected Michael Avenatti’s claim that they overwhelmed him with large amounts of material for the Jan. 21 trial accusing the celebrity lawyer of trying to extort Nike Inc , and that the material should be excluded or the trial delayed by 30 days.

…read more […]

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Trading Ideas

iShares U.S. Aerospace & Defense ETF Could Outperform Following a Middle East Crisis Event

January 13, 2020 admin Comments Off on iShares U.S. Aerospace & Defense ETF Could Outperform Following a Middle East Crisis Event

According to CNBC, defense companies have historically outperformed the broader market over the six months following a crisis event in the Middle East.
According to data going back to the 1990 Gulf War, the defense sector averaged a 6.7% return after 19 separate “Middle East crisis events” over the past three decades.
This outperforms the 3.3% average return for the S&P 500 over the same time frame.
So, when Middle East tensions once again flared up earlier this month – which could lead to more military action as the 2020 year progresses – I thought it would be a smart idea to look …read more […]

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Trading Ideas

Uber and Lyft 'cut costs at the expense of workers,' says California lawmaker

January 13, 2020 admin Comments Off on Uber and Lyft 'cut costs at the expense of workers,' says California lawmaker

Controversial California law, AB-5, went into effect on January 1 – but ride-hailing giants Uber and Lyft are continuing to challenge the legislation, which aims to disrupt the gig economy in a way that benefits its most vulnerable workers. State Assemblywoman Lorena Gonzalez, who authored AB-5, joins The Final Round to discuss. …read more […]

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Trading Ideas

PG&E’s $1.7 Billion Fire Settlement Could Mean a Big Tax Break

January 13, 2020 admin Comments Off on PG&E’s $1.7 Billion Fire Settlement Could Mean a Big Tax Break

(Bloomberg) — PG&E Corp.’s $1.68 billion settlement agreement with California over wildfires sparked by its power lines could save the bankrupt utility about $470 in million in taxes.Nearly all the wildfire recovery and prevention work included in the agreement should be deductible from both its state and federal taxes, PG&E said in a regulatory filing late Friday.The agreement reached with state regulators in December covers Northern California blazes in 2017 and the 2018 Camp Fire, the deadliest in state history. As part of the deal, PG&E agreed not to saddle customers with $1.63 billion in costs it will incur preventing …read more […]