Trading Ideas
The jobs report warrants caution and optimism: Morning Brief
Top news and what to watch in the markets on Monday, June 8, 2020. …read more […]
Month: June 2020
Business News
U.S. Fed’s Main Street lending facility likely to start with a whimper
The Federal Reserve’s most ambitious and complicated crisis relief program is set to launch in coming days but it is far from certain that the small and mid-sized businesses the $600 billion “Main Street Lending Facility” is meant to help will come clamoring for loans.
Business News
Morgan Stanley flags risk oil price rally will lead to a fall
Oil prices have quickly climbed to levels that raise the risk of price falls as demand is fragile, Morgan Stanley said on Monday, as benchmark crude hit its highest in three months.
Business News
Ryanair to fly through ‘rubbish’ UK quarantine: O’Leary
Ryanair will not cancel British flights despite Monday’s start of what the boss of Europe’s biggest budget airline called a “rubbish” 14-day quarantine for international arrivals.
Trading Ideas
Twitter vs. Facebook: The Evolving Moderation of the President
Facebook and Twitter have taken different stances on moderating President Trump on their platforms. It’s the latest controversy in an ongoing debate about the responsibility tech companies have in policing speech online. Photo illustration: Carter McCall/WSJ …read more […]
Trading Ideas
Asian Crude Oil Buyers Shocked by Saudi Arabia’s Price Hike
(Bloomberg) — Saudi Arabia’s steep hikes to its crude prices for July have shocked some Asian refiners even as the region leads a rebound in global energy consumption following coronavirus lockdowns.Aramco’s price boost for its flagship Arab Light crude to Asia — which accounts for more than half of Saudi oil sales — was the biggest in at least 20 years, exceeding the most bullish expectations in a Bloomberg survey. However, two refiners are still seeking to buy their regular volumes because of the lack of alternative options, while another processor is weighing whether to replace some cargoes from the …read more […]
Business News
Exclusive: EU has concerns about Fiat, PSA deal, may need concessions – sources
EU antitrust regulators are concerned about Fiat Chrysler and Peugeot car maker PSA’s combined high market share in small vans and may require concessions to clear their $50 billion merger, people familiar with the matter said.
Business News
Scarred and scared: post-Covid consumers not their old selves
Michael Clark of Amy’s Housewares has one big fear as its London stores prepare to reopen on June 15 along with other retailers around Britain: “Customers not spending, having no trust in the economy.”
Business News
Tesla China sold 11,095 Model 3 vehicles in May, triple April’s volume: CPCA
U.S. electric vehicle maker Tesla Inc sold 11,095 Shanghai-made Model 3 vehicles in China in May, more than triple the volume seen in April, according to the China Passenger Car Association (CPCA).
Business News
EasyJet CEO warns UK quarantine could lead to more job losses
EasyJet could have to make further job cuts if the government’s quarantine policy continues for a long period, the airline’s chief executive warned.
Business News
Factbox: Who’s bidding to be next World Trade Organization chief?
The World Trade Organization (WTO) began the process on Monday of selecting a new director-general to replace Brazil’s Roberto Azevedo, who is stepping down a year early at the end of August.
Business News
Galeries Lafayette’s Champs Elysees store struggles as group faces $1 billion hit: CEO
Galeries Lafayette’s [GALP.UL] new outlet on the Champs Elysees is struggling because people are staying away from the famous Paris boulevard due to COVID-19, according to its CEO, who said the crisis would hit the group to the tune of 1 billion euros.
Business News
UK luxury brand Mulberry to cut 25% of workforce
British luxury brand Mulberry plans to cut its global workforce by about 25% as it seeks to reduce its cost base with demand hit by the coronavirus pandemic.
Business News
Global stocks pause after recent run
World shares paused on Monday as investors turned cautious after a 42% surge since March, as economies continued to struggle with the effects of the coronavirus pandemic.
Trading Ideas
Crude Already Priced In OPEC+ Output Decision, Vanda Insights’ Vandana Hari Says
Jun.08 — Vanda Insights Founder & CEO Vandana Hari believes crude had already priced in the outcome by OPEC+ and its allies to extend production cuts. She was speaking with Haslinda Amin and Rishaad Salamat on “Bloomberg Markets: Asia.” …read more […]