Trading Ideas
Month: April 2020
Business News
Turkey held talks with U.S. over possible Fed swap line: Turkish officials
Turkey has held talks with the United States about possibly securing a swap line from the Federal Reserve and has discussed other funding options to mitigate fallout from the coronavirus outbreak, Turkish officials said on Friday.
Business News
Russia calls on G20 to join efforts with OPEC+ on oil market
Russian Energy Minister Alexander Novak called on the G20 group of the world’s largest economies on Friday to join the efforts of the group of leading oil producers, known as the OPEC+, to stabilize energy markets.
Business News
Kremlin says ‘work’ on Mexico joining oil cuts under way
The Kremlin said on Friday that “work” to persuade Mexico to join efforts to curb oil production was under way a day after marathon talks among producers produced a deal on cutting out conditional on Mexico’s participation.
Business News
Trump: ‘Have to save the airlines!’
U.S. President Donald Trump said on Friday that American airlines must be saved, as his administration prepares to give them details this weekend about the terms of a $32 billion payroll grant to offset the impact of the coronavirus outbreak.
Business News
Saudi energy minister calls for affordable energy supply at G20 meeting
The Saudi energy minister told a conference of the G20 group of the world’s largest economies on Friday that ensuring affordable energy supply is key to facilitating a global economic recovery.
Business News
U.S. consumer prices post largest drop in five years
U.S. consumer prices fell by the most in more than five years in March and further decreases are likely as the novel coronavirus outbreak suppresses demand for some goods and services, offsetting price increases related to shortages resulting from disruptions to the supply chain.
Trading Ideas
GE Shares Tumble On Analyst Downgrade, Reversing Earlier Gains
Shares in General Electric (GE) took a 2.3% hit on Thursday following a downgrade from CFRA analyst Colin Scarola, reversing some of the week’s earlier gains. The stock is now trading down 36% year-to-date versus 17% for the Dow Jones Industrial Average.“Previously, we thought GE’s long-term earning power would increase with deleveraging, but we now see significant risk that Biopharma sale proceeds earmarked for debt reduction will be diverted to backstop large operating losses in Aviation, Power, and Renewable instead,” Scarola told investors.“Despite the cash burn we expect in 2020, our lower rating is ultimately due to a highly uncertain …read more […]
Trading Ideas
Quibi IPO: Investors Look For Quibi Stock Post Launch
A Quibi IPO is on investors’ minds. The new streaming platform launched earlier this week. And the startup has over $1 billion in private funding. With that kind of value, investors are calling for Quibi stock.
But will investors ever see a Quibi IPO? Here’s what we know…
Quibi IPO: What is Quibi?
Jeffrey Katzenberg and Meg Whitman co-founded Quibi. The name is a mix of the term “quick bites.” It’s a streaming service made only for mobile devices. And its content consists of short videos, 10 minutes or less.
Katzenberg is the former chairman for Walt Disney Studios. He was also a co-founder …read more […]
Trading Ideas
Does Market Volatility Impact Invesco Mortgage Capital Inc.'s (NYSE:IVR) Share Price?
If you own shares in Invesco Mortgage Capital Inc. (NYSE:IVR) then it’s worth thinking about how it contributes to the… …read more […]
Trading Ideas
Business News
Russia’s Putin to hold new talks on oil – TASS
Russian President Vladimir Putin said on Friday he was planning to hold new talks on oil prices after phone calls with U.S. President Donald Trump and the leadership of Saudi Arabia, TASS news agency reported.
Business News
Saudi, Russia seek to finalise oil cuts in G20 talks, want U.S. involved
Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies and will push the United States and other producers to remove a further 5%.
Trading Ideas
Saudi, Russia seek to finalise oil cuts in G20 talks, want U.S. involved
Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies and will push the United States and other producers to remove a further 5%. The plan for cuts top the agenda for Friday’s video conference of energy ministers from the Group of 20 (G20) major economies, after Moscow, Riyadh and others in the OPEC+ group forged a deal in marathon talks on Thursday, only to have it stumble when Mexico balked at the initiative. Oil prices have plunged to their lowest in …read more […]
Trading Ideas
Investors Who Bought Lipocine (NASDAQ:LPCN) Shares Five Years Ago Are Now Down 94%
It’s nice to see the Lipocine Inc. (NASDAQ:LPCN) share price up 13% in a week. But spare a thought for the long term… …read more […]