Year: 2020

The market ‘has been driven by sentiment recently’ — and is overvalued, warns one veteran strategist. …read more […]

Okay, so it doesn’t work ALL the time.
But in my experience – and that is more than 25 years trading the markets – it works about 80% of the time.
The key is always to position size and only do this type of trade with quality companies that you want to own.
It’s a system I developed in the ’90s, and it’s never failed me.
The system relies on deep-in-the-money covered calls.
This is not a speculative type of trade, but one that falls in line with more “typical” investing, where you are looking to beat the market consistently.
Let me show you how it …read more […]

Chief Executive Officer Sundar Pichai announced the move in a memo to employees on late Thursday, which was first reported by CNBC. Google said it would begin reopening more offices globally as early as June, but most Google employees would likely work from home until the end of this year. Facebook Inc also said on Friday it would allow workers who are able to work remotely to do so until the end of 2020. …read more […]

The loan, which will be provided by Industrial and Commercial Bank of China Limited, will be used only for expenditures related to production at the Shanghai plant, the filing said. The factory is Tesla’s first car manufacturing site outside the United States and is the centerpiece of its ambitions to boost sales in the world’s biggest auto market and to avoid higher import tariffs imposed on U.S.-made cars. Tesla had suspended production at its San Francisco Bay Area plant due to the broader impact of the coronavirus, and was told by the local county health department on Friday …read more […]

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(Bloomberg) — Kingsoft Cloud Holdings Ltd. rose 40% in the first major trading debut by a Chinese company since the accounting scandal at Luckin Coffee Inc.The affiliate of Hong Kong-listed Kingsoft Corp. raised $510 million in its initial public offering, pricing its shares at the midpoint of a $16 to $18 targeted range. The shares closed at $23.84 in New York trading Friday, giving the company a market value of $4.77 billion.The Beijing-based cloud computing service company, which had marketed 25 million shares, increased the sale to 30 million American depositary shares.The IPO is the biggest by a Chinese company …read more […]

The move will help Southwest save cash at a time when U.S. airlines collectively burn more than $10 billion a month. Last month, rival United Airlines agreed to sell and lease back 22 planes to aircraft investor Bank of China Aviation. United, however, did not specify the size of the deal. …read more […]

(Bloomberg) — Syed Shah usually buys and sells stocks and currencies through his Interactive Brokers account, but he couldn’t resist trying his hand at some oil trading on April 20, the day prices plunged below zero for the first time ever. The day trader, working from his house in a Toronto suburb, figured he couldn’t lose as he spent $2,400 snapping up crude at $3.30 a barrel, and then 50 cents. Then came what looked like the deal of a lifetime: buying 212 futures contracts on West Texas Intermediate for an astonishing penny each.What he didn’t know was oil’s first …read more […]

Tesla must follow the same rules that apply to other non-essential businesses, Alameda County officials said. …read more […]