Trading Ideas
Here's the grade most Americans give themselves for retirement readiness
Retirement may come sooner than expected, leaving most Americans unhappy about their preparations, a new study says. …read more […]
Year: 2020
Business News
Oil drops on concerns that U.S.-China trade deal may not stoke demand
Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese goods until a second phase.
Business News
Hyundai unveils first Genesis SUV in renewed overseas premium push
South Korea’s Hyundai Motor Co unveiled the first sport-utility vehicle (SUV) under its Genesis brand on Wednesday, a move analysts said was crucial for the premium marque’s expansion in overseas markets.
Business News
Ghosn says French envoy told him Nissan was turning against him
Former Nissan chairman Carlos Ghosn, speaking in Beirut after his dramatic escape from Japanese justice, said on Tuesday that the French ambassador had warned him shortly after his arrest that his own company was plotting against him.
Business News
Stocks slip ahead of U.S.-China trade deal signing
Stocks slipped in Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary that tariffs would remain in place for now.
Business News
Malaysia Airlines suspends taking delivery of Boeing 737 MAX jets due to grounding
Malaysia Airlines said on Wednesday it has suspended taking delivery of 25 Boeing 737 MAX jets, citing the plane’s delayed return to service since it was grounded last year following two fatal crashes.
Business News
ValueAct’s Ubben cheers BlackRock’s new stance on climate change
Investor Jeffrey Ubben, already betting there is money to be made from coaxing corporations into being better citizens, gained an ally on Tuesday when BlackRock Inc chief Laurence Fink told companies to tackle climate change or face his wrath.
Trading Ideas
Malaysia Airlines suspends taking delivery of Boeing 737 MAX jets due to grounding
Malaysia Airlines said on Wednesday it has suspended taking delivery of 25 Boeing 737 MAX jets, citing the plane’s delayed return to service since it was grounded last year following two fatal crashes. “In view of the production stoppage and the delayed return to service of the 737-MAX, Malaysia Airlines has suspended the delivery of its orders,” the struggling airline said in an email. The carrier had been due to take delivery of its first 737 MAX in July 2020 but last year its chief executive said the introduction to service could slide beyond that. …read more […]
Business News
Malaysia Airlines suspends delivery of Boeing 737 MAX jets due in 2020
Malaysia Airlines has suspended delivery of Boeing 737 MAX jets due this year, the airline told Reuters in an email on Wednesday.
Business News
Oil prices slip on concerns U.S.-China trade deal may not boost demand
Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest crude users, may not lead to more fuel demand as the U.S. intends to keep tariffs on Chinese goods in place.
Business News
Documents to show U.S.-China trade deal fully enforceable: Mnuchin
Documents to be released Wednesday will show skeptics that a Phase 1 U.S.-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, U.S. Treasury Secretary Steven Mnuchin said Tuesday.
Business News
Stocks tread water ahead of signing of initial U.S.-China trade deal
Stocks were steady in early Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary’s that tariffs would remain in place for now.
Trading Ideas
Tesla Skeptic With Downgrader’s Remorse Digs In Over Valuation
(Bloomberg) — An analyst who picked an inopportune time to downgrade Tesla Inc. is expressing regret, giving Elon Musk credit, and yet still doubting the electric-car maker deserves such a rich valuation.“I wish I hadn’t done it,” Joe Osha, an analyst at JMP Securities, said of his decision to cut Tesla to the equivalent of a hold from a buy on Oct. 3.The move looked shrewd at first — the shares slumped 4.2% that day, after Tesla reported quarterly deliveries that fell short of a number the chief executive officer hyped the week before. But later in October, the billionaire …read more […]
Trading Ideas
Is Iran Preparing To Send Oil Back To $100?
Brent oil prices have failed to break through $75 in recent years, but this key resistance point may soon be broken if Iran retaliates in the way that some of our sources suggest it will …read more […]
Business News
U.S.-China trade deal fully enforceable, documents to be released Wednesday: Mnuchin
The first phase of a U.S.-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, U.S. Treasury Secretary Steven Mnuchin said on Tuesday.