Month: July 2020

Aircraft lessor Avolon announced that it cancelled commitments to acquire an additional 27 of Boeing Co.’s (BA) 737 MAX aircraft after already cancelling 75 of the planes in the first quarter of the year.In addition, Avolon scrapped the commitment to acquire one of Airbus Group’s (EADSF) A330 neo aircraft due to be delivered in 2022 and deferred the delivery of 3 A320 neo family aircraft from 2020/21 to 2022.Boeing’s 737 MAX aircraft have been grounded since March 2019 following a second deadly crash. The plane maker has recently started flight tests of the 737 MAX to try and receive regulatory …read more […]

Shares in TechnipFMC (FTI) spiked 11% in Tuesday’s after-hours trading after the company announced a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.TechnipFMC clarified that a “major” contract is over $1 billion.The contract covers new process units such as a Vacuum Distillation Unit, a Diesel Hydrocracking Unit, a Delayed Coker Unit, a Distillate Hydrotreating Unit as well as a Hydrogen Production Facility Unit using TechnipFMC’s steam reforming technology. The project also includes other process units, interconnecting, offsites and utilities.According to …read more […]

(Bloomberg) — Ride-hailing giant Didi Chuxing is testing China’s digital cash as a payment method on its platform, in what could be one of the first real-world applications of the electronic version of the yuan.The SoftBank Group Corp.-backed startup said on Wednesday it’s working with a research wing of the People’s Bank of China on uses for the virtual legal tender dubbed Digital Currency Electronic Payment, or DCEP. That includes testing the token on its ride-hailing platform, people familiar with the matter said. Specifics like when the feature will officially roll out aren’t clear yet, they said, asking not to …read more […]

Shares in AMC Entertainment Holdings Inc. (AMC) jumped 12% in extended market trading amid a report that the cash-strapped U.S. theater chain is about to strike a restructuring deal to avoid filing for bankruptcy.The stock rose to $4.61 in Tuesday’s after-market trading. The proposed deal, which is expected to be disclosed in coming days, would see bondholders providing a $200 million senior loan to swap their unsecured claims at a discount for new, second-lien debt, according to a report by the Wall Street Journal. Private-equity firm Silver Lake Group LLC, which has a representative on the company’s board and owns …read more […]

(Bloomberg) — HSBC Holdings Plc, which draws more than two-thirds of its pretax income from Hong Kong, slumped after a report that the U.S. is mulling a move to punish banks in the city and destabilize the currency peg to the dollar.HSBC was specifically mentioned as a potential target, Bloomberg News has reported, citing people familiar. Secretary of State Michael Pompeo last month singled out Peter Wong, the bank’s Asia Pacific chief executive officer, for signing a petition supporting “Beijing’s disastrous decision to destroy Hong Kong’s autonomy.”HSBC fell as much as 3.1% in Hong Kong, the most in more than …read more […]

Boeing Co has reached settlement agreements in more than 90% of the wrongful death claims filed in federal court after the 2018 crash of a Lion Air 737 MAX in Indonesia that killed all 189 people on board, a court filing on Tuesday said. The fatal crash, followed within five months by another 737 MAX jetliner in Ethiopia, led to the worldwide grounding of the best-selling model and a corporate crisis that has included hundreds of lawsuits alleging the jet was unsafe and separate probes by the Justice Department and U.S. lawmakers. …read more […]

(Bloomberg) — Some top advisers to President Donald Trump want the U.S. to undermine the Hong Kong dollar’s peg to the U.S. dollar as the administration considers options to punish China for recent moves to chip away at the former British colony’s political freedoms, according to people familiar with the matter.The idea of striking against the Hong Kong dollar peg — perhaps by limiting the ability of Hong Kong banks to buy U.S. dollars — has been raised as part of broader discussions among advisers to Secretary of State Michael Pompeo and hasn’t been elevated to the senior levels of …read more […]

Facebook (FB) is no stranger to controversy. In 2019 alone it faced congressional hearings regarding data breaches, concerns over users’ privacy, regulatory issues concerning its proposed digital currency Libra, and a public outcry for allowing false claims in political ads. It managed to swat all these concerns away and only recently FB stock marched to a new all-time high.But the movement to boycott ad spend on Facebook has intensified on account of an inadequate response to the use of hateful and misleading information on its platform. With more companies onboarding by the day, has the time of reckoning finally come …read more […]

Investors will be paying close attention to Bed Bath & Beyond earnings and weekly mortgage applications data Wednesday. …read more […]

(Bloomberg) — Facebook Inc., Google and Twitter Inc. — all of which are blocked in the mainland — are now headed toward a showdown with China that could end up making Hong Kong feel more like Beijing.Hours after Hong Kong announced sweeping new powers to police the internet on Monday night, those companies plus the likes of Microsoft Corp. and Zoom Video Communications Inc. all suspended requests for data from the Hong Kong government. ByteDance Ltd.’s TikTok, which has Chinese owners, announced it would pull its viral video app from the territory’s mobile stores in the coming days even as …read more […]

It hasn’t all been smooth sailing for social media company Pinterest (PINS) since going public last spring. The company exited 2019 with shares below the $19 IPO price after failing to initially meet Wall Street’s expectations. Since May, however, the stock has rallied and it appears sentiment is changing fast.In fact, Deutsche Bank analyst Lloyd Walmsley calls Pinterest his “favorite non-consensus fresh-money idea,” and implores investors to “take advantage of near-term uncertainty to add to long positions.”So, what has piqued the analyst’s growing confidence?For starters, with ad spend on the agenda these days, Pinterest’s improvements in ad tech “can help …read more […]

From an eponymous cocktail to eager buyers following the shipping routes of long-awaited cars, Tesla Inc is having a moment in South Korea, particularly among tech-savvy professionals. “I am not interested in cars, but I am interested in the Tesla brand and its technology,” the 39-year-old told Reuters. Kang bought a Tesla Model 3 in December, ditching the Hyundai crossover he bought only last summer. …read more […]

Sam Hendel, Levin Easterly Partners President, joined Yahoo Finance’s The Final Round to discuss his outlook for the market and stocks he’s watching. …read more […]

The global fuel cell market is forecast to reach $33.09 billion by 2027.
And the $9 stock I’ll introduce you to today owns 95% of the total current market share of hydrogen fuel cells (HFCs).
Its customers include Amazon, Walmart, BMW and Home Depot.
More on Walmart – and the fastest 100% we made in War Room history – below.
The company uses hydrogen, the most abundant element on Earth, and combines it with oxygen from the air – to produce electricity while emitting only water vapor as a byproduct.
This clean technology is able to power vehicles in a similar way as traditional gasoline …read more […]

I can’t believe that there is a need for me to write this…
But there is.
Because today there are inexperienced people playing Russian roulette with their hard-earned savings and badly need to hear it…
DO NOT BUY SHARES OF COMPANIES THAT YOU KNOW ARE BANKRUPT!
Obvious, right?
Not to everyone, apparently.
If you haven’t been following what has been going on, let me get you up to speed.
Robin Hood – but Backward
Everyone knows the story of Robin Hood.
(How could you not? There is a new movie version of it made pretty much every decade.)
Set in England during the reign of King Richard the Lionheart, the …read more […]