Month: October 2020

The Justice Department could decide soon whether it will sue to block the deal, the report said. The Justice Department is also preparing for potential litigation, including lining up witnesses for a trial, according to the WSJ report. Visa and the Department of Justice did not immediately respond to Reuters’ requests for comment. …read more […]

“There are an infinite number of ways of making money in the market. It’s just that everyone has to find his own way.” – Van Tharp
Beginner investors look for the holy grail of making money in the stock market.
They search high and low for the one key that will unlock the secrets of profitable stock market investing.
Experienced investors do the opposite.
They know that there are many ways to make money in the market.
Consider the following…
You can make money in the markets by day trading. You spend your days glued to a computer screen, looking to make big short-term gains trading …read more […]

(Bloomberg) — Daimler AG’s Mercedes-Benz is increasing its stake in struggling luxury-car maker Aston Martin Lagonda Global Holdings Plc as part of a series of moves by the British company to shore up its finances.Mercedes will boost its shareholding to as much as 20% in stages, the companies said while announcing an expanded technology partnership Tuesday. Aston Martin and its subsidiaries will raise a total of about 1.3 billion pounds ($1.7 billion) through new bond and stock offerings and by refinancing existing debt.Aston Martin has struggled in the two years since it went public with bloated inventory and poor sales …read more […]

Sony Corp is seeing “very considerable” demand for its PlayStation 5 (PS5) console via pre-orders, its gaming chief said on Wednesday, as users rush to secure the next-generation device ahead of its Nov. 12 launch. “The demand as expressed by the level of pre-order has been has been very, very considerable,” Ryan told Reuters. The launch comes in the midst of the COVID-19 pandemic that has boosted gaming companies’ revenues but also disrupted retail networks, games development and manufacturing supply chains around the world. …read more […]

(Bloomberg) — Technology stocks are in an “enormous” bubble, Greenlight Capital’s David Einhorn said in a letter to investors.“Our working hypothesis, which might be disproven, is that September 2, 2020 was the top and the bubble has already popped,” he wrote in the Oct. 27 note, seen by Bloomberg.Tech stocks have driven the market’s gain this year. The Nasdaq 100 Index is up 33% since Jan. 1, led by gains in Zoom Video Communications Inc. and Tesla Inc. By contrast, the S&P 500 has risen 5.3%.Einhorn points to “an IPO mania,” huge market concentration in a small group of stocks …read more […]

Mike Rugen became the CEO of Tengasco, Inc. (NYSEMKT:TGC) in 2013, and we think it’s a good time to look at the… …read more […]

Yahoo finance’s Anjalee Khemlani and Zack Guzman break down the latest surrounding Eli Lilly’s vaccine trial. …read more […]

(Bloomberg) — The world’s biggest exchange-traded fund is losing cash at a faster pace than any of its peers as investors seek lower fees amid a wave of cost cutting.Traders have yanked $33 billion from SPDR S&P 500 ETF Trust (SPY) so far this year, the most in the industry, according to data compiled by Bloomberg. While the exodus was concentrated in February and March, when the coronavirus pandemic roiled global markets, it put the $294 billion fund tracking the U.S. stock benchmark at odds with the broader equity ETF universe — which has lured $119 billion in 2020.As issuers …read more […]