Trading Ideas
Year: 2020
Business News
JPMorgan to maintain key growth targets from last year at investor day: analysts
JPMorgan Chase & Co executives are unlikely to provide new financial targets at the bank’s annual investor day on Tuesday, and instead will use the forum to showcase a clean-energy initiative, analysts said.
Business News
Boeing close to deal to supply more 787 Dreamliners to Japan’s ANA: sources
Boeing Co is close to a deal to supply more 787 Dreamliners to Japan’s ANA Holdings Inc in what would be the U.S. planemaker’s first commercial order announcement so far this year, industry sources said.
Business News
Oil steadies on bargain-hunting; virus fears cap gains
Oil steadied on Tuesday as investors sought bargains after crude benchmarks slumped almost 4% in the previous session, although concerns about the coronavirus spreading out of China denting major economies and curbing fuel demand capped gains.
Business News
China’s Didi to launch Japan food delivery service from April
China’s ride hailing company Didi Chuxing plans to launch a food delivery service in Japan from April, the firm, backed by SoftBank Group Corp , said on Tuesday, as it seeks to grow its overseas business.
Business News
Asia share slide pauses, awaiting clarity on pandemic risk
Asian share markets found some stability on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce, allowing investors to take a breather from coronavirus fears.
Business News
Mallinckrodt proposes $1.6 billion opioid deal, Chapter 11 for generics unit: WSJ
Mallinckrodt Plc is finalizing a settlement proposal of at least $1.6 billion that would place its U.S. generic drug business into bankruptcy to address the debt maturities and liabilities arising out of the opioid crisis, the Wall Street Journal reported on Monday.
Trading Ideas
Global Cases Top 80,000; Korean Infections Jump: Virus Update
(Bloomberg) — The spread of the coronavirus outbreak to regions from Italy to Iran sparked concerns about a pandemic, with the number of cases worldwide topping 80,000.Global stocks tumbled after Italy reported at least six deaths and more than 200 confirmed cases. The U.S. Centers for Disease Control and Prevention warned Americans to avoid non-essential travel to South Korea. The North Asian nation reported another 60 cases, bringing its total number of infections to 893.China’s death toll rose to 2,663, an increase of 71. Total coronavirus cases on the mainland climbed to 77,658 as Hubei province reported 499 additional infections.While …read more […]
Business News
K-pop sensation BTS’ label picks JPMorgan, others for IPO: media
Big Hit Entertainment, the music label of South Korean boy band BTS, has chosen JPMorgan , NH Investment and Securities and others to handle its initial public offering (IPO), according to media reports.
Business News
Oil bounces as investors hunt bargains; virus fears cap gains
Oil rose on Tuesday as investors snapped up bargains after crude benchmarks dropped almost 4% in the previous session, but fears that the spreading coronavirus could wreak far greater economic damage than initially thought capped gains.
Trading Ideas
Oil bounces as investors hunt bargains; virus fears cap gains
Oil rose on Tuesday as investors snapped up bargains after crude benchmarks dropped almost 4% in the previous session, but fears that the spreading coronavirus could wreak far greater economic damage than initially thought capped gains. U.S. crude futures climbed 22 cents, or 0.4%, to $51.65, recovering from a 3.7% drop in the previous session. “WTI has regained some ground as investors looked for bargains and as the (U.S.) benchmark slipped neared a key support level of $50 per barrel,” said Satoru Yoshida, a commodity analyst with Rakuten Securities. …read more […]
Business News
Asian shares try to stabilize as S&P futures bounce
Asian share markets were trying to stabilize on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce, allowing investors to take a break from coronavirus fears.
Trading Ideas
Hong Kong Stocks Trade Near Lowest Versus World Since 2004
(Bloomberg) — Hong Kong stock investors are the worst off in 16 years relative to the rest of the world as concerns mount over the impact of the coronavirus on an economy already reeling from last year’s protests.The Hang Seng Index is near its lowest level relative to the MSCI All Country World Index since 2004, even after Monday’s brutal sell-off in the U.S. The Hong Kong gauge has also decoupled from mainland equities, falling to a three-year low relative to the CSI 300 Index.Hong Kong already faced a gloomy outlook before the coronavirus emerged, as months of political unrest …read more […]
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U.S. Stock Index Futures Gain on Possible Dip-Buying, New Drugs
(Bloomberg) — U.S. stock-index futures rose on Tuesday in Asia as some investors deemed that Monday’s equity rout brought prices to attractive levels.S&P 500 Index futures contracts expiring in March rose 1% as of 10:22 a.m. in Tokyo, while contracts climbed 0.8% for the Dow Jones Industrial Average and advanced 1.2% for the Nasdaq 100.Overnight, U.S. equities slumped amid growing concerns that the novel coronavirus is spreading more widely outside China. All three main U.S. stock benchmarks fell more than 3%, with the S&P 500 dropping the most since February 2018. Japan’s stock market also slid Tuesday morning.“U.S. futures are …read more […]
Trading Ideas
Expedia Begins Layoffs Targeting 12 Percent of Its Workforce
After less than three months of focusing on the day to day operations of Expedia Group, chairman Barry Diller and vice chairman Peter Kern took their first overt steps in reshaping the company with plans to lay off 12 percent of its workforce. Expedia Group’s leadership sent an email Monday to employees globally saying it […] …read more […]