Trading Ideas
At US$316, Is Broadcom Inc. (NASDAQ:AVGO) Worth Looking At Closely?
Today we’re going to take a look at the well-established Broadcom Inc. (NASDAQ:AVGO). The company’s stock had a… …read more […]
Month: February 2020
Business News
Shares of HNA affiliates rally after report of China bailout plan
Shares in affiliates of HNA Group surged on Thursday following a news report that China plans to take over the debt-laden conglomerate as the coronavirus outbreak has further hit its ability to meet financial obligations.
Business News
Israel’s Wix.com sees 2020 revenue reaching almost $1 billion
Wix.com, which helps small businesses build and operate websites, reported a smaller-than-expected decline in fourth-quarter net profit and forecast a revenue rise of about 25% this year to nearly $1 billion as it expands into the professional web creator market.
Business News
Oil near one-month high on supply threats, easing demand woes
Brent oil prices held near one-month highs on Thursday supported by China’s efforts to boost its economy, a drop in new coronavirus cases at the epicentre of the outbreak and supply concerns in Venezuela and Libya.
Business News
Volkswagen CFO will leave in summer next year: Manager Magazin
Volkswagen finance chief Frank Witter will leave the German car group in the summer of 2021, business publication Manager Magazin reported on Thursday.
Business News
Foxconn says cautiously resuming China output, warns coronavirus will hit revenue
Apple iPhone maker Foxconn said on Thursday it is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the coronavirus epidemic.
Business News
BAE Systems CEO optimistic about future Typhoon orders
The chief executive of BAE Systems is optimistic about the future of the Typhoon fighter jet, saying that more orders were possible.
Business News
BAE Systems predicts 2020 growth despite Saudi ban
Britain’s BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia.
Business News
Daimler slims down Mercedes management in efficiency drive
German cars and trucks maker Daimler said it would revamp the management of its finance, production and development portfolios to remove duplicate layers between Mercedes-Benz and Daimler AG.
Business News
Dollar tramples yen and everything else in its path
The dollar trampled everything in its path on Thursday after a steep and sudden slide in the Japanese yen called into question its safe haven status and others from the euro to the Australian dollar were all knocked over.
Trading Ideas
Europe Stocks Slip With U.S. Futures; Dollar Jumps: Markets Wrap
(Bloomberg) — European stocks fell and U.S. equity futures edged lower as investors pored over the latest reports about the spread of the coronavirus beyond China and a batch of lackluster corporate earnings. The dollar jumped.The Stoxx Europe 600 Index slipped as South Korea reported its first fatality from the disease after cases there more than doubled. Earnings from some of the continent’s biggest companies also underwhelmed, from Belgian brewer Anheuser-Busch InBev SA to French insurer AXA SA and Telefonica SA of Spain. Futures on the S&P 500 Index turned lower after Japan reported two deaths from the virus. In …read more […]
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Business News
Oil prices gain on supply threats; demand concerns from coronavirus ease
Oil prices climbed on Thursday, extending gains from the previous session, as the market shifted focus to supply disruptions, while demand concerns eased following a drop in new coronavirus cases at the epicenter of the outbreak.
Trading Ideas
Telefonica Profit Miss Highlights Headwinds to Reinvention
(Bloomberg) — Telefonica SA reported profit that missed estimates, highlighting the challenges the company faces to increase sales while it implements a new strategy.The company reported operating income before depreciation and amortization of 3.67 billion euros ($3.96 billion euros) in the fourth quarter, falling short of the 4.18 billion euros forecast by analysts. Impairments from Mexican and Argentine operations, along with staff cuts and other restructuring measures, were a drag on earnings.The company is pledging to maintain sales growth and cut debt as it undergoes a shift to focus mainly on four key markets. The difficulties abound, not least because …read more […]