Trading Ideas
Year: 2020
Business News
Exclusive: Nissan’s survival plan for Europe: SUVs and sharing with Renault
Nissan Motor Co is working on a plan to scale back its European business, focusing on sport utility and commercial vehicles as well as more effective sharing of products and investments with partner Renault, three sources told Reuters.
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Grim warnings from Powell and the Fed push rates on home loans to new low
The Fed chief’s alarming coronavirus warning has sent mortgage rates even lower. …read more […]
Business News
Starbucks reopens in Italy but keeps Milan flagship closed
Italians will be able to grab a cup of their favorite Starbucks coffee again after the group said on Monday it would reopen its Italian cafes, with the exception of its flagship location in central Milan.
Business News
Wall Street jumps at the open on coronavirus vaccine hopes
U.S. stock indexes shot up in early trade on Monday as encouraging data from a potential COVID-19 vaccine trial fueled optimism, while investors also counted on more stimulus to rescue the economy from a virus-driven slump.
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Venezuela Rejected by U.S. Supreme Court in Citgo Stake Clash
(Bloomberg) — The U.S. Supreme Court rejected an appeal by Venezuela in its fight to retain control of oil refiner Citgo Holding Inc., putting the country a step closer to losing its largest asset.The justices, without comment on Monday, left intact a federal appeals court victory for a defunct Canadian gold mining company seeking to force the sale of Citgo’s parent company. The gold miner, Crystallex International Corp., is trying to collect a $1.4 billion arbitration award, most of which remains unpaid.The rebuff leaves Venezuela at risk of losing a much-needed source of revenue in Citgo. The country’s opposition leader, …read more […]
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Powell: ‘There is a lot more’ the Fed can do
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Brian Cheung recap Federal Reserve Chairman Jerome Powell’s recent remarks on the economy’s road to recovery. …read more […]
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U.S. car rental firm Hertz names new CEO
Hertz, backed by billionaire investor Carl Icahn, has suffered a “sudden and dramatic negative impact” on its business due to the coronavirus crisis, which has crushed demand for rental cars as people cancel travel and stay at home. Hertz, which operates the Hertz, Dollar and Thrifty rental brands, said Stone replaced Kathryn Marinello, who will remain with the company in a consulting position for up to one year. …read more […]
Business News
Brent at one-month high, U.S. oil tops $31 as restrictions ease
Oil prices climbed more than $2 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30 supported by optimism about the re-opening of economies and output cuts by major producers.
Business News
Wall Street set to jump on stimulus, vaccine hopes
U.S. stock indexes were set to open sharply higher on Monday on optimism fueled by encouraging data from a potential COVID-19 vaccine trial, with investors also counting on more stimulus to rescue the economy from a deep economic slump.
Business News
Hertz names Paul Stone CEO
U.S. car rental company Hertz Global Holdings Inc on Monday appointed Paul Stone as its chief executive officer.
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New Forecasts: Here's What Analysts Think The Future Holds For Service Properties Trust (NASDAQ:SVC)
Celebrations may be in order for Service Properties Trust (NASDAQ:SVC) shareholders, with the analysts delivering a… …read more […]
Business News
Futures jump on promising data for COVID-19 vaccine
U.S. stocks futures jumped on Monday after Moderna Inc said its experimental vaccine for COVID-19 showed promise in early trials and that it was looking to advance the vaccine into late-stage trials in July.
Business News
Thyssenkrupp in talks with rivals over steel business: source
German conglomerate Thyssenkrupp is in talks with international rivals about consolidating its loss-making steel business, a person familiar with the matter said.