Year: 2020

(Bloomberg) — From building Hong Kong’s largest shopping mall to constructing a sprawling $3.9 billion sports center, Adrian Cheng has been one of the most aggressive property investors in town. It’s a costly expansion strategy that’s now poised to test one of the city’s oldest real-estate empires.Cheng, 40, became chief executive officer of New World Development Co. in May, cementing his position after taking over from his father Henry a few years ago. But even as he ascended to the top, Cheng championed ambitious real-estate developments in the financial and tourism hub worth about $5 billion. Conceived on the assumption …read more […]

The large fine would lift a regulatory shadow that has hung over the bank for several years and mark a signature victory for the government’s efforts to clamp down on illegal trading techniques, such as spoofing, especially in the precious metals markets. JPMorgan has said in public filings https://jpmorganchaseco.gcs-web.com/node/338201/html that it was in discussions with authorities about resolving the investigations. The settlement with the Department of Justice, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) could come as soon as this week and is not expected to result in any restrictions on the …read more […]

Gilead Sciences Inc has agreed to pay $97 million to resolve U.S. government claims it used a purportedly independent charity to pay illegal kickbacks to cover Medicare patients’ out-of-pocket costs for its pulmonary arterial hypertension drug Letairis. The U.S. Department of Justice said on Wednesday the settlement resolves allegations that Gilead improperly used the Caring Voice Coalition as a conduit to cover thousands of patients’ co-payment obligations. “Gilead used data from CVC that it knew it should not have, and effectively set up a proprietary fund within CVC to cover the co-pays of just its own drug,” U.S. …read more […]

Aggressive investors who know how to balance risk and reward are likely to be the biggest winners as oil prices rebound from record lows …read more […]

Today I’ll share one of the most important aspects of trading you will ever learn…
In fact, it may make the difference between staying in the game and going home broke!
It’s a really simple strategy to make sure you live to trade another day.
This can fundamentally alter how you trade stocks or options… forever.

P.S. Our strategies make The War Room something unique and profitable. We’ve handed members an insane 76.72% win rate since we launched! Over that time frame, we’ve had a 10.14% average gain with an average holding period of just over seven days. And this year alone, on average, …read more […]

Stock futures traded mixed Wednesday evening, but mostly hugged the flat line as equity investors took a pause from the heavy selling earlier in the day. …read more […]

Tasha Keeney, an analyst at ARK Invest, joined The Final Round to recap Tesla’s battery day, discuss her biggest takeaways, and her outlook for the stock through the rest of the year. …read more […]

(Bloomberg) — Gold’s slump this week is forcing investors to ask whether the haven asset is taking a breather or facing an even sharper decline.Unprecedented global stimulus, negative real rates and a weakening dollar pushed bullion to a record high above $2,075 an ounce in early August. While some banks, including Goldman Sachs Group Inc. and Bank of America Corp., forecast even higher prices, a resurgent dollar has seen gold give up some of its gains.Is this merely a temporary setback for the precious metal? Here are five charts that provide hints as to where gold goes next:Dollar DominanceThe key …read more […]

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Global energy consumption growth averaged 2% per year for the last two decades. That growth was in lockstep with the growth of the global economy.
But in 2019, it slowed to 0.6%. And this year, COVID-19 is causing the global demand for energy to contract even more.
In the future, economic growth and energy demand will decouple. The economy will continue to chug along, but the demand for energy will slow.
For the next 15 years, annual energy demand growth will be 1% or less. And by 2035, we should see it peak.
Nowhere is that going to be more apparent than in the …read more […]

From the end of March through the end of August, stocks had a tremendous runup to record high levels. The gains completely wiped out the losses from the mid-winter ‘coronavirus collapse,’ and it looked like we were in for a sustained run of good days. But all of that changed as September rang in. The market hit a bump, and has been undergoing a correction. It’s at times like these that some comprehensive stock analysis is most helpful. TipRanks has the right tool for that job: the Smart Score, which analyzes 8 separate factors from the TipRanks database, all collected …read more […]

Analysts believe that investments Nike has made in its digital business since former tech CEO John Donahoe took the helm this year are just starting to pay off. …read more […]

Chief Executive Officer Elon Musk told shareholders on Tuesday Tesla has secured rights to 10,000 acres in Nevada where it aims to produce lithium from clay deposits using a process developed internally. The move would make Tesla the first company in the world to commercially produce the white metal from clay. In Nevada, Tesla plans to mix clay with table salt and then add water, which it says causes a reaction where the salt would leach out with lithium, which can then be extracted. …read more […]

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Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at NetApp’s dividend safety.
NetApp (Nasdaq: NTAP) is a cloud storage and data management company based in Silicon Valley. But unlike most tech companies, this one has a robust 4.5% dividend yield.
Can tech investors expect to continue to receive their $0.48 per share quarterly dividend?
A big red flag is that NetApp’s free cash flow is headed in the wrong direction. In 2019, it declined slightly to $1.17 billion from $1.33 billion the year before.
This year, free cash flow is projected to drop to $936 million, and then it’s expected to drop …read more […]