Business News
JPMorgan to bring back more traders to office next week: Bloomberg News
JPMorgan Chase & Co plans to start returning more traders to its Manhattan trading floors starting next week, Bloomberg News reported on Monday.
Month: June 2020
Business News
Oil prices rise 2% on optimism around OPEC+ output pact
Oil prices rose more than 2% on Monday as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal, outweighed fears that new coronavirus infections could further slow the global economy.
Business News
Stocks rebound on Fed debt program, oil recovers
A gauge of global equities rebounded on Monday after the Federal Reserve widened its program of buying corporate debt, while crude oil rebounded too on signs fuel demand is recovering and as investors grapple with how to assess the economic reopening.
Business News
Exclusive: U.S. companies can work with Huawei on 5G standards – Commerce Department
The United States on Monday confirmed a Reuters report that it will amend its prohibitions on U.S. companies doing business with China’s Huawei [HWT.UL] to allow them to work together on setting standards for next-generation 5G networks.
Business News
Tesla negotiating incentives for possible Texas vehicle assembly plant, report says
Electric carmaker Tesla Inc is negotiating possible incentives with a Texas county that could bring a new auto assembly plant to the area near Austin, the state capital, the Austin American-Statesman reported on Monday.
Business News
NYSE to reopen trading floor to some market makers on Wednesday
The New York Stock Exchange will allow a limited number of market makers to return to its trading floor on Wednesday, a spokesperson said, nearly three months after closing it due to the coronavirus pandemic.
Trading Ideas
Trading Ideas
WWE Stock: Trade of The Day
Never in a million years would I think Bryan Bottarelli would recommend WWE stock. But he just did – and here’s exactly why….
“I didn’t grow this sweet Horse Shoe mustache for nothing!”
I did something extra special today – and grew this sweet horse-show mustache – just in honor of todays pick. Gillette calls it “A rugged style for a bold look…” and who am I to argue? So, while you feast your eyes on all this gloriousness, I’m going to tell you why it’s now time to buy shares of….World Wrestling Entertainment (WWE).
That’s right baby! You know the history….First came …read more […]
Business News
Tesla negotiating incentives for possible Texas vehicle assembly plant: report
Electric carmaker Tesla Inc is negotiating possible incentives with a Texas county that could bring a new auto assembly plant to the area near Austin, the state capital, the Austin American-Statesman reported on Monday.
Business News
Wall Street jumps on Fed’s corporate bond purchase announcement
Wall Street jumped on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in new COVID-19 cases.
Business News
Six former eBay employees charged with cyberstalking Massachusetts couple
Six former eBay Inc employees have been criminally charged with cyberstalking a Massachusetts couple who published an online newsletter viewed as critical of the e-commerce company, federal prosecutors in Boston said on Monday.
Business News
Lufthansa seeking cuts equivalent to 22,000 positions
Lufthansa said on Monday it was seeking to strike agreements with worker representatives by June 22 on how to make cuts equivalent to 22,000 full-time positions.
Business News
Wall Street mixed as investors weigh spike in virus cases
U.S. stocks were mixed in choppy afternoon trading on Monday, with the benchmark S&P 500 paring early losses to trade flat as investors weighed the economic outcome of a spike in new coronavirus cases in China and parts of the United States.
Trading Ideas
All Great Investors Have These Two Qualities
If you want to achieve long-term investment success, you should first work to establish the correct mindset.
Today, Alexander Green explains why the correct mindset is a key element in building wealth.
In Friday’s column, I noted that a particular mindset has played a key role in The Oxford Club’s long-term investment success.
It is probably best described as rational optimism seasoned with healthy skepticism.
Let’s start with our positive outlook.
Despite being bombarded 24/7 with negative words and images by the mainstream media, we view the United States as a place where a lot more goes right than wrong.
Click here to watch Alexander Green’s …read more […]
Business News
Oil prices rise on optimism around OPEC+ output pact
Oil prices rose on Monday as signs fuel demand was recovering while OPEC+ members were complying with a production cut deal outweighed fears that new coronavirus infections could further slow the global economy.