Business News
Former Boeing CEO Muilenburg resigns from Caterpillar board
Caterpillar Inc said on Monday former Boeing Co Chief Executive Officer Dennis Muilenburg had resigned from its board.
Year: 2020
Trading Ideas
Boeing Receives More Than $12 Billion of Orders for New Loan
(Bloomberg) — Boeing Co. has received more than $12 billion of orders for a loan that will help bolster the planemaker’s finances as it grapples with a crisis that’s left its 737 Max grounded since March, according to people familiar with the matter.The deal may be finalized as soon as Monday, said one of the people who asked not to be named because the information is private. The size of the loan is still to be determined, another person said.The loan is expected to have a margin of 100 basis points over the London interbank offered rate and a ticking …read more […]
Business News
Whirlpool profit beats estimates on higher prices, cost cuts
Whirlpool Corp beat analysts’ estimates for quarterly earnings and forecast 2020 profit largely above expectations on Monday, as the appliances maker raised prices and reined in expenses to cushion the impact of higher production costs.
Trading Ideas
How Your Brain Makes You Susceptible to Fraud
Last year, a family member got sick. In addition to her physical ailments, her mental clarity nose-dived. I not only was worrying about her health, but also was very concerned she’d be vulnerable to fraud, as there were caregivers in her house.
But even healthy seniors fall prey to increasingly sophisticated financial abuse and fraud.
It turns out there is a physiological reason for this.
According to a UCLA study, older people have less activity in the part of the brain that is responsible for what is known as “gut feeling.” Oftentimes, it is that gut feeling that tells a person when someone …read more […]
Business News
Judge dismisses Wall Street ‘fear gauge’ lawsuit against Cboe
A federal judge on Monday dismissed an antitrust lawsuit by investors who accused the parent of the Chicago Board Options Exchange of letting anonymous traders rig the “fear gauge,” Wall Street’s main gauge of future stock market volatility, at their expense.
Business News
Wall Street tumbles as virus fuels economic worry
U.S. stocks suffered their worst day in over three months on Monday as China extended the Lunar New Year holiday due to a virus outbreak, fueling worries about the economic impact of containment efforts in the world’s second largest economy.
Trading Ideas
How to protect yourself against coronavirus
The Wuhan coronavirus is spreading, causing Chinese officials to pull out the 2003 SARS playbook. While the number of reported cases is on the rise, Laurie Garrettt, Epidemic expert, Pulitzer Prize winning science writer and author of ‘The Coming Plague’ says there are simple measures you can take to help protect yourself on Yahoo Finance. …read more […]
Business News
New York, FTC sue ‘pharma bro’ Shkreli, others over Daraprim price hikes
Martin Shkreli, the “pharma bro” in prison for defrauding investors, faces a lawsuit filed by the Federal Trade Commission and New York Attorney General’s office for a scheme to preserve his monopoly for the drug Daraprim, which has seen gigantic price increases.
Business News
Boeing secures financing commitments for over $12 billion: source
Boeing Co has secured financing commitments for more than $12 billion from over a dozen banks, a source familiar with the matter said on Monday, as financial pressures mount due to a production halt on its 737 MAX aircraft.
Trading Ideas
Using the Invesco China Technology ETF to Play Wuhan Coronavirus Fears
As I’m sure you know, the Wuhan coronavirus is slamming the global markets.
The moment the markets opened this morning, the Dow dropped 450 points.
This sort of downside trigger catalyst came out of nowhere. Three weeks ago, you hadn’t even heard of the Wuhan coronavirus. But now it’s causing a major market sell-off.
This is typically how corrections take place. They’re unexpected. They’re sudden. And they catch everyone by surprise.
That’s exactly why I’ve been urging you here in Trade of the Day – and also in The War Room – to carry some downside protection.
On the trading floor, it’s called “cover you’re …read more […]
Business News
‘Buy the dip,’ one stock options signal says
As concerns over the spread of the coronavirus rattle stocks, a corner of the options market is signaling that the current selloff may be short-lived.
Business News
J&J CEO questioned over stock sale ahead of story on asbestos in Baby Powder
Johnson & Johnson Chief Executive Alex Gorsky on Monday faced questions from plaintiffs lawyers over the timing of his sale of company stock, as he testified for the first time in a jury trial over allegations that the company’s Baby Powder causes cancer.
Trading Ideas
Why Warren Buffett's Berkshire Hathaway is a hot stock pick for millennials
Berkshire Hathaway landed on millennials’ top 10 list of investments in the fourth quarter of 2019, according to new research. …read more […]
Business News
Global stocks slide to two-week low on China virus fears, safe havens gain
Stocks markets tumbled worldwide on Monday and investors worried about the possible economic impact of the coronavirus drove up the price of safe-haven assets such as the Japanese yen and government debt.
Trading Ideas
Exxon Mobil’s Dividend History and Safety
Exxon Mobil (NYSE: XOM) used to be a staple stock in many retirement portfolios. Although, renewable energy and sustainable investing growth are pushing some investors away. On top of that, energy prices have dropped and this has squeezed margins. But still, Exxon Mobil’s dividend history should continue to grow.
Cash flow remains strong and a Exxon won’t be disappearing anytime soon. Let’s take a look at the business, dividend history, and payout safety going forward.
Exxon Mobil Business
Exxon Mobil is a $278 billion dollar business. The company is based out of Texas and it employs 71,000 people. Last reported year, Exxon Mobil …read more […]