Jan.02 — Jed Dorsheimer, Canaccord Genuity analyst, explains his bullish call for Tesla Inc. He speaks with Bloomberg’s Taylor Riggs and David Welch on “Bloomberg Technology.” …read more […]
(Bloomberg) — The U.S. is warning Argentine President Alberto Fernandez that his early foreign policy moves may jeopardize both support from the International Monetary Fund and American investment in the nation’s vast shale oil and gas fields.A senior Trump administration official said that sheltering former Bolivian President Evo Morales and engaging with Nicolas Maduro’s regime in Venezuela crossed a red line and could cost Argentina backing for new IMF funding and investment in the Vaca Muerta shale fields. The official, who spoke on the condition of anonymity to discuss private talks, said while many of Fernandez’s advisers are pragmatic and …read more […]
There’s a high-yield play brewing in the oil patch as a group of companies continue amassing mineral rights beneath oil fields …read more […]
(Bloomberg) — Microsoft Corp. co-founder Bill Gates, the world’s second-richest person, said he wants his fellow billionaires to pay much higher taxes.U.S. lawmakers should close loopholes, raise the estate tax and hike the capital-gains tax so that it equals the rate on labor income, Gates wrote Monday in a year-end blog post. He also called for states and local governments to make their taxes “fairer” and reiterated his support for a state income tax in Washington, where he lives.“I’ve been disproportionately rewarded for the work I’ve done — while many others who work just as hard struggle to get by,” …read more […]
If you need a car, the most frugal option is to buy one that’s 2 to 3 years old, pay cash and drive it until the wheels fall off. The… …read more […]
(Bloomberg) — Illumina Inc. and Pacific Biosciences of California Inc. called off their planned $1.2 billion deal after U.S. antitrust enforcers last month moved to block the merger of the DNA-sequencing companies.The transaction had been on hold for more than a year after being announced in November 2018. But antitrust authorities in the U.S. and the U.K. had pushed back against it, and the U.S. Federal Trade Commission filed a complaint to block it last month.“Considering the lengthy regulatory approval process the transaction has already been subject to and continued uncertainty of the ultimate outcome, the parties decided that terminating …read more […]
Microsoft co-founder Bill Gates, the second richest person in the world, says people like him should be paying higher taxes.In a year-end blog post, Gates applauds the ongoing debate over America’s tax system, calling it one of the most important happening in our country right now. “It isn’t always popular to stand up for higher taxes, so it’s great that many Americans are having this conversation,” he writes.Gates says that he’s “been pushing for a fairer tax system for years.” He notes that there’s a persistent imbalance between the government’s spending and its revenue collection: “the U.S. government simply does …read more […]
Activist investors are beginning to see the oil industry as a ‘toxic’ sector much like the big tobacco industry, but not all is lost for big oil companies …read more […]
(Bloomberg) — Apple Inc. shares surpassed $300 amid predictions for a robust holiday quarter, demand for wearables such as AirPods and planned services including streaming TV.Shares of the iPhone maker rose 2.3% to close at a record $300.35, topping the $300 mark for the first time on a split-adjusted basis. Thursday’s gain was in stark contrast to the dismal start Apple had in 2019 when it cut its sales forecast for the first time in almost two decades exactly a year ago. Despite the setback, Apple went on to outperform all other megacap technology stocks in 2019 with a gain …read more […]
(Bloomberg) — Stocks in Asia were primed for gains on Friday after a strong start to the year lifted U.S. equities to fresh all-time highs. Treasuries and the dollar rose.Futures indicated gains for equities in Hong Kong and Australia. The S&P 500 earlier rose 0.8% with megacaps Apple, Alphabet and Nike all notching new record highs. Gains had begun in Asia Thursday when traders returned from holidays to news of policy support from China’s central bank to lift its economy. The pound slid amid concern the U.K. won’t be able to negotiate a free-trade agreement with the European Union by …read more […]
Global stock markets jumped on the first day of trading in 2020 as a shot of Chinese stimulus and economic data drove a gauge of world equity performance to the latest in a series of record highs, while the dollar snapped a four-day losing streak.
The value of U.S. oil and gas mergers and acquisitions reached a five-year peak of $96 billion in 2019 on the back of competing bids for Anadarko Petroleum, energy data provider Enverus said on Thursday.
It’s often said that “generals are always preparing to fight the last war.”
In other words, people in charge often spend so much time fixated on how they could have prevented past problems that they fail to prepare for the future.
The most famous example is France’s Maginot Line, which was built in the 1930s to win another war of attrition like World War I. But the nearly 1,000-mile line of defensive fortifications was largely useless against Germany’s blitzkrieg attack in 1939.
What’s true for the military is also true for the Federal Reserve.
In the 1940s, ’50s and ’60s, central bankers were concerned …read more […]
Wall Street’s major indexes notched record highs to open the new year on Thursday, as fresh economic stimulus from China added to optimism fueled by easing trade tensions and an improving global outlook.
Real-time headlines moving markets. …read more […]
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