Month: March 2020

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Trading Ideas

Ex-Uber self-driving head declares bankruptcy after $179 million loss to Google

March 5, 2020 admin Comments Off on Ex-Uber self-driving head declares bankruptcy after $179 million loss to Google

The former head of Uber Technologies Inc’s self-driving technology unit, Anthony Levandowski, filed for bankruptcy protection on Wednesday, shortly after a court confirmed that he must pay $179 million to Google to end a legal battle over his split from the Alphabet Inc unit. Levandowski, who had been a key engineer in Google’s self-driving project, and colleague Lior Ron engaged in unfair competition and breached their legal obligations by starting a rival company and bringing over Google employees, an arbitration panel ruled in December. …read more […]

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Business News

Wall Street surges on Biden bounce

March 4, 2020 admin Comments Off on Wall Street surges on Biden bounce

Wall Street roared back to life on Wednesday, with both the Dow and the S&P 500 surging more than 4%, after former Vice President Joe Biden’s strong showing in the Super Tuesday Democratic primary contests injected a dose of confidence.

…read more […]

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Trading Ideas

Will This 11.3% Yield Sink?

March 4, 2020 admin Comments Off on Will This 11.3% Yield Sink?

With interest rates careening lower, high yields become even more enticing.
So it’s understandable that investors would be excited about an 11.3% yield. But should SFL Corp. (NYSE: SFL) shareholders expect to continue to receive that juicy yield in the future?
SFL owns and operates 80 tankers, bulkers and other shipping vessels. Currently, its ships are in the waters off six continents.
The company’s cash flow finally turned in the right direction last year. After several years of free cash flow below $100 million, SFL burned through nearly $1 billion in 2018 thanks to the purchase of vessels.
In 2019, however, it righted the …read more […]

Healthcare

CytoDyn (OTC: CYDY) Treats First Patient with Leronlimab in Phase 2 Trial for GvHD under Modified Trial Protocol

March 4, 2020 admin Comments Off on CytoDyn (OTC: CYDY) Treats First Patient with Leronlimab in Phase 2 Trial for GvHD under Modified Trial Protocol

VANCOUVER, Washington, Mar 04, 2020 CytoDyn Inc. (otc.qb:CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today the treatment of […]

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Trading Ideas

My Top Super Tuesday Stock Winner

March 4, 2020 admin Comments Off on My Top Super Tuesday Stock Winner

This morning a strong Super Tuesday showing from Joe Biden – which included a series of key wins in southern states like Virginia, North Carolina and Arkansas – brought his delegate total to 566 (which is ahead of Bernie Sanders’ total of 501).
In response, the markets opened the day higher – and extended those gains throughout lunchtime.
But when it comes to this upside reaction, the more important part (in my view) is the fact that Elizabeth Warren suffered some key losses, which indicates that a concession from her campaign could be coming soon.
As you know, Warren is no Wall Street …read more […]

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Trading Ideas

After slashing rates, U.S. Fed has more weapons to fight coronavirus effect

March 4, 2020 admin Comments Off on After slashing rates, U.S. Fed has more weapons to fight coronavirus effect

The Federal Reserve’s emergency decision to slash interest rates this week in response to the coronavirus outbreak was actually fairly straightforward, policymakers said, as economic risks piled up fast and confidence faltered. The Fed has a handful of options. The Fed is one of the few central banks among the world’s advanced economies to have room to lower rates and still keep them above zero. …read more […]