Trading Ideas
Month: May 2020
Business News
Exclusive: Zoom plans to roll out strong encryption for paying customers only
Zoom , the video conferencing provider whose business has boomed with the COVID-19 pandemic, plans to strengthen encryption on video calls made by paying clients and institutions like schools, but not for users of its popular free accounts, a company official said Friday.
Business News
Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels
Lufthansa’s management board accepted a more favourable set of demands made by the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.
Trading Ideas
What to Do When the Market Asks You to Choose
Imagine that your phone rings…
It is your lawyer. They have some really sad but also really great news.
Apparently, you had a long-lost uncle who you were never told about. Sadly, this uncle has recently passed away.
Now for the good news. Your long-lost uncle had a long and wonderful life. He also didn’t have any children, and you are named as a major beneficiary in his will.
Better still, your lawyer tells you that this long-lost uncle was unfathomably rich. Not “a couple of million dollars” rich, but rather one of the richest people on the planet.
It turns out that your long-lost …read more […]
Business News
Wall Street ends mostly higher as U.S.-China spat simmers
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared.
Trading Ideas
Don’t Sit on This!
Today in The War Room, we got our feet wet by entering a stay-at-home play.
While everyone else is focusing on companies like Zoom and Microsoft as great software trades… we decided to go with a pick-and-shovel play that’s a little more tangible.
The work-from-home trend isn’t going away.
In fact, it’s only going to get bigger and bigger as companies realize how much they can save by not providing expensive facilities in expensive cities.
Now, not everyone can work from home, but millions who don’t work in manufacturing or service businesses can.
To put it bluntly, every office space in every office building is …read more […]
Business News
United Airlines cutting 13 top jobs, adding international flights in July
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Trading Ideas
What to Do When the Market Asks You to Choose
In this article, Jody Chudley takes a hard look at airline stocks. He asks the question, “What if you suddenly inherited one of the world’s great fortunes? Should you buy 100% of all seven major airlines?” His answer may surprise you.
Imagine that your phone rings…
It is your lawyer. They have some really sad but also really great news.
Apparently, you had a long-lost uncle who you were never told about. Sadly, this uncle has recently passed away.
Now for the good news. Your long-lost uncle had a long and wonderful life. He also didn’t have any children, and you are named as …read more […]
Business News
Southwest Airlines CEO sees low-fare environment when traffic returns
Southwest Airlines Co Chief Executive Officer Gary Kelly said on Friday he expects a “brutal low-fare” environment when traffic returns after coronavirus-induced restrictions ease.
Business News
Sale of shut Philly refinery to real estate developer delayed
The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday.
Trading Ideas
Saudi Arabia Moved $40 Billion in Reserves to Sovereign Fund
(Bloomberg) — Saudi Arabia transferred 150 billion riyals ($40 billion) from its central bank to its sovereign wealth fund as it went on an investment spree seeking to take advantage of recent market turmoil.The transfers from the kingdom’s foreign-currency reserves to its Public Investment Fund were made in March and April on an “exceptional” basis, and will “strengthen the investment capacity of the fund,” Finance Minister Mohammed Al-Jadaan said in a statement published by the official Saudi Press Agency on Friday.The move comes as the world’s largest crude exporter faces exceptional fiscal pressure from a crash in global oil markets. …read more […]
Trading Ideas
Business News
Preliminary agreement reached in Lufthansa bailout row: sources
Germany and Brussels have reached a preliminary agreement in the ongoing row over the 9 billion euro ($10 billion) bailout of carrier Lufthansa , two people familiar with the matter said.
Business News
Stocks rebound on relief at Trump’s response to China over Hong Kong
A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China.
Business News
U.N. agency task force urges uniform approach to flying during coronavirus
A United Nations aviation-led task force is urging airlines, airports and countries to come up with a uniform approach to flying safely during the coronavirus pandemic, although it stopped short of providing specific requirements for the hard hit industry’s recovery.