Month: May 2020

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Trading Ideas

Wells Fargo Has Lost $220 Billion in Market Value Under Fed Cap

May 15, 2020 admin Comments Off on Wells Fargo Has Lost $220 Billion in Market Value Under Fed Cap

(Bloomberg) — Don’t let anyone tell you regulators haven’t punished Wells Fargo & Co. — or at least its shareholders.The scandal-ridden bank has lost $220 billion in stock-market value since the Federal Reserve imposed an unprecedented cap on the firm’s assets in early 2018, crimping its ability to add customers and loans. The constraints are biting harder this year as corporate clients draw down credit lines, which pushes up assets and leaves Wells Fargo even less room to seize opportunities.Shares of the bank touched a 10-year low this week as analysts raised alarms that shrinking profits make its current dividend …read more […]

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Business News

U.S. gave no assurances to Taiwan’s TSMC for a license to sell to Huawei: official

May 15, 2020 admin Comments Off on U.S. gave no assurances to Taiwan’s TSMC for a license to sell to Huawei: official

The United States has not given any assurances to Taiwan Semiconductor Manufacturing Co Ltd that it will grant it a license so it can sell U.S. technology to China’s Huawei, which Washington has blacklisted, Keith Krach, Undersecretary for Economic Growth, Energy and the Environment at the State Department said on Friday.

…read more […]

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United Airlines Wants Back Into China But Regulatory Hurdles Remain

May 15, 2020 admin Comments Off on United Airlines Wants Back Into China But Regulatory Hurdles Remain

United Airlines wants to resume passengers flights to China as soon as next month but is waiting on governments in Beijing and Washington, D.C. to allow it, an executive told employees Thursday during a virtual town hall meeting. In early February, United suspended flights to its four China destinations — Shanghai, Chengdu, Beijing and Hong […] …read more […]

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California officials reject subsidies for Musk's SpaceX over Tesla spat

May 15, 2020 admin Comments Off on California officials reject subsidies for Musk's SpaceX over Tesla spat

The snub comes as Musk has sparred with officials in Alameda County over his plans to resume production at the Tesla plant there, which was stopped because of the coronavirus. Five members of California’s Employment Training Panel voted to reject the proposal and two voted for it, with one member absent, after discussing Musk’s tweets on Tesla’s reopening and media reports of layoffs at SpaceX’s Hawthorne, California headquarters in recent years. …read more […]

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Trading Ideas

The Secret to Higher Stock Market Returns

May 15, 2020 admin Comments Off on The Secret to Higher Stock Market Returns

It can be hard to know when exactly is the right time to buy into a stock.
But as Alexander Green explains today, there’s a telltale sign – and reliable investment strategy – that rarely fails.

Editor’s Note: Today, Alexander Green answers one of the most common questions we hear: What’s the best investment approach?
Read on to learn about one of Alex’s favorite investment strategies. And if you want to take an even deeper dive, click here to watch his special presentation with TV legend Bill O’Reilly detailing The Smartest Investment Strategy of All Time. I think you’ll want to hear what …read more […]

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Business News

Wall Street ends up after swings on reopening hopes, weak data, trade woes

May 15, 2020 admin Comments Off on Wall Street ends up after swings on reopening hopes, weak data, trade woes

Wall Street’s three major indexes closed higher after swinging between gains and losses on Friday as investors weighed worries about Sino-U.S. trade relations and weaker-than-expected U.S. economic data against growing optimism that easing coronavirus restrictions would boost activity this month.

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