Month: January 2020

Anyone researching Ambarella, Inc. (NASDAQ:AMBA) might want to consider the historical volatility of the share price… …read more […]

(Bloomberg) — Elon Musk plans to attend a ceremony to mark the first deliveries of made-in-China Tesla Inc. vehicles to customers on Tuesday, according to people familiar with the matter.Tesla, which is already churning out more than 1,000 Model 3 sedans a week at its plant on the outskirts of Shanghai, handed over a batch of cars to a select group of employees on Dec. 30, but Tuesday marks the first deliveries to the general public. The ceremony is due to start at 3 p.m. local time at Tesla’s first factory outside the U.S., a milestone in Musk’s plans for …read more […]

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is… …read more […]

Jan.06 — Valentin Marinov, head of G10 FX research and strategy at Credit Agricole, discusses his outlook for the pound and the Australian dollar. He speaks on “Bloomberg Markets: European Open.” …read more […]

“The range of potential scenarios is very large; spanning oil supply shocks or even oil demand destruction — which would be negative to oil prices,” the Wall Street bank said in a note, adding under most outcomes gold is likely to rally beyond the current levels. Over the weekend, U.S. President Donald Trump threatened sanctions against Iraq after Baghdad demanded that American and foreign troops leave, amid a growing backlash over the U.S. killing of a top Iranian military commander. Concerns about a further escalation in the Middle East tension sent gold prices to their highest in almost …read more […]

Norwegian oil producer Equinor aims to cut greenhouse gas emissions generated at offshore fields and onshore plants in Norway by about 40% in the coming decade and to near zero by 2050, it said on Monday. The cuts could allow Norway, western Europe’s top oil and gas exporter, to continue to pump millions of barrels of oil even as the country seeks to fulfil obligations under the 2015 Paris climate agreement to slash domestic emissions. The initial cuts will primarily come through replacing electricity from gas turbines with renewable energy at major installations, including offshore wind turbines …read more […]

When Matas A/S (CPSE:MATAS) announced its most recent earnings (30 September 2019), I did two things: looked at its… …read more […]

(Bloomberg) — There’s no end of theories on all the ways in which negative interest rates are hurting economies. But in Denmark, where the policy has existed longer than anywhere else, one fear seems to have been put to rest.The central bank in Copenhagen, which uses negative rates to keep the krone pegged to the euro, says its research shows that the number of so-called zombie firms has fallen amid record monetary stimulus. That goes against the conventional wisdom, which assumes that unnaturally low borrowing costs prop up companies that would collapse in more normal times.“The risk of remaining a …read more […]

French Economy Minister Bruno Le Maire on Monday warned the United States against any retaliation to France’s new digital services tax. “If the Americans decide to go ahead and impose sanctions against the digital tax … in this case we would retaliate,” Le Maire told France Inter radio. “If there were to be sanctions, and it is a possibility that we will take sanctions, we would immediately contact the WTO (World Trade Organization)”, he added. …read more […]

(Bloomberg) — European leaders are battling to come up with a response to the escalating tensions between Iran and the U.S. with their Middle East strategy shredded and the nuclear deal dead in all but name.As French President Emmanuel Macron worked the phones, German Foreign Minister Heiko Maas on Sunday called for a meeting with his European Union counterparts to be brought forward to this week.The killing of Qassem Soleimani — one of Iran’s top commanders and the country’s second-most-powerful figure after Ayatollah Ali Khamenei — was more than just a shock for the EU: It was a disaster. The …read more […]

(Bloomberg) — China pledged to step up measures to shore up its troubled banks and small businesses while continuing a crackdown on shadow banking and property speculation, in a difficult balancing act that risks exacerbating a build up in bad debt at its traditional lenders.As concerns mount over the state of China’s $45 trillion financial system, the nation’s central bank and its top financial regulator used the year’s first weekend to unveil fresh details on how to combat risks amid the slowest economic expansion in three decades.The People’s Bank of China, which has been reluctant to prime the stimulus pumps …read more […]

President Trump warned Iran about additional sanctions if U.S. forces are expelled. …read more […]

Gold prices in India jumped over 2% on Monday to record levels amid a rush to invest in safe-haven assets globally as well as a steep fall in the rupee, dampening demand for the precious metal in the world’s second-biggest consumer. Local gold futures hit an all-time high of 41,096 rupees ($570.05) per 10 grams, taking their gains to more than 5% in 2020 after rallying nearly 25% in 2019. The sharp gold price rise has been deterring jewellers and retail buyers from making purchases, said Mukesh Kothari, director at dealer RiddiSiddhi Bullions in Mumbai. …read more […]