Month: March 2020

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Take Five: Credit crunch at time of rock-bottom rates?

March 6, 2020 admin Comments Off on Take Five: Credit crunch at time of rock-bottom rates?

Is it possible we may see a wave of corporate defaults at a time when interest rates are at record lows and falling? In Europe, where many rates are below 0%, signs of stress are emerging as the coronavirus outbreak hits companies’ bottom lines. An index of credit default swaps on 75 high-risk European companies compiled by IHS Markit — the iTraxx Europe Crossover – has surged to the highest in almost four years. The list is pretty diverse: airlines, retailers, carmakers and others all feature.

…read more […]

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Exclusive: U.S. House panel faults FAA review of Boeing 737 MAX, plane design failures

March 6, 2020 admin Comments Off on Exclusive: U.S. House panel faults FAA review of Boeing 737 MAX, plane design failures

A U.S. House investigative report into two Boeing 737 MAX crashes that killed 346 people will fault the Federal Aviation Administration’s (FAA) approval of the plane and Boeing’s “design failures.” The preliminary investigative findings from the U.S. House Transportation Committee, which were seen by Reuters and are being released later on Friday, found the FAA’s “certification review of Boeing’s 737 MAX was grossly insufficient and that the FAA failed in its duty to identify key safety problems.” The 13-page report also finds Boeing’s design “was marred by technical design failures, lack of transparency with both regulators and customers.” …read more […]

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The “Biden Bump” Powers the Market Higher

March 6, 2020 admin Comments Off on The “Biden Bump” Powers the Market Higher

A growing political movement powered by Bernie Sanders is openly hostile to wealth creation and fosters resentment toward investors.
Today, Alexander Green discusses this alarming development and why it’s all wrong.

Although the number of reported coronavirus cases continued to rise Wednesday, the stock market soared, with the Dow tacking on more than 1,000 points.
It appears as though a coordinated response to the virus is meeting with some success. But there was another factor at play: Super Tuesday’s results.
A week ago, it looked as though self-described democratic socialist Bernie Sanders would win the Democratic nomination for president.
But Joe Biden’s victories showed that …read more […]

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Tesla advertises for solar, energy storage staff in China

March 6, 2020 admin Comments Off on Tesla advertises for solar, energy storage staff in China

Tesla Inc has advertised for solar and energy storage project managers in China, as the U.S. electric vehicle maker moves to expand its energy business into the country. The two posts on the Tesla human resources department’s official WeChat account mark the first time the California-based automaker has looked to hire for such roles in China. Tesla did not immediately respond to requests for comment. …read more […]

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Business News

Instant view: U.S. payrolls better than expected, as markets look to coronavirus impact

March 6, 2020 admin Comments Off on Instant view: U.S. payrolls better than expected, as markets look to coronavirus impact

U.S. employers maintained a robust pace of hiring in February, giving the economy a strong boost as it confronts the coronavirus outbreak that has stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.

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Billionaire Seth Klarman Pulls the Trigger on These 3 Value Stocks

March 6, 2020 admin Comments Off on Billionaire Seth Klarman Pulls the Trigger on These 3 Value Stocks

While value investing hasn’t necessarily been the decade’s most beloved strategy, no one is a bigger proponent than billionaire Seth Klarman. The tactic, which has been a favorite of fellow Wall Street gurus like Warren Buffet and Benjamin Graham, involves seeking out stocks that appear cheap when compared to their peers based on a price-to-earnings basis. For quite some time, investors have been shying away from the strategy as the Russell 1000 Growth Index has outperformed the Russell 1000 Value Index since 2007.Even though the billionaire’s $29 billion hedge fund, Baupost Group, returned significantly less than the broader market in …read more […]