Year: 2020

(Bloomberg Opinion) — An explosion that destroyed a 46,000-year-old sacred Aboriginal site on a Rio Tinto Group iron-ore mine in May has now ripped through the top ranks of the company.Chief Executive Officer Jean-Sebastien Jacques, iron-ore boss Chris Salisbury, and corporate-relations executive Simone Niven will all leave the company, Rio Tinto announced Friday.It’s an overdue sign that the board is finally getting to grips with the issue, after seemingly thinking they had solved it with a review and the scrapping of bonuses last month. The company had to “move on” if the three executives didn’t have the confidence of “critical …read more […]

(Bloomberg) — Turkey has a new plan to coax gold to its financial system after previous efforts barely made a dent in a so-called under-the-mattress stash valued at about 40% of gross domestic product.The Turkish Treasury and the Istanbul Gold Refinery will let selected jewelers collect gold from citizens and deposit it at state banks. A major difference under the new regulations is that customers would be able to withdraw physical gold, according to Aysen Esen, the refiner’s chief executive officer.Previous attempts to get gold into the system have largely failed. Some 100 tons have been pulled into lenders’ gold …read more […]

Subordinate voting shares to begin trading on the New York Stock ExchangeMONTREAL, Sept. 10, 2020 /CNW Telbec/ – Lightspeed POS Inc. …read more […]

(Bloomberg) — President Donald Trump said he won’t extend his Sept. 15 deadline for ByteDance Ltd. to sell the U.S. operations of its popular TikTok video-sharing app.“We’ll either close up TikTok in this country for security reasons, or it will be sold,” Trump told reporters Thursday before boarding the presidential aircraft for a campaign trip to Michigan. “There will be no extension of the TikTok deadline.”Administration officials had been considering whether to give more time to TikTok’s Chinese owner to arrange a sale of the app’s U.S. operations to an American buyer, though a decision hadn’t yet been presented to …read more […]

(Bloomberg Opinion) — Mukesh Ambani has joined the league of world’s richest with the help of a simple formula: assembling admirers for $2 businesses. First he got Facebook Inc. and Google to back his fledgling digital ambitions, and now he may be trying to entice Amazon.com Inc. into his retail venture, already India’s largest.In four years, the Indian billionaire has amassed roughly 400 million customers for his mobile data business. What does Ambani eke out from each of them? Less than $2 a month. The chump change didn’t deter Facebook and Google’s parent, Alphabet Inc. Together with marquee private …read more […]

KOMO News Radio in Seattle reported the issue involved the vertical tail fin on the 787, citing federal records, and could affect 680 airplanes. Asked about the latest issue, the Federal Aviation Administration reiterated on Thursday it “is investigating manufacturing flaws affecting certain Boeing 787 jetliners” but had made no decisions whether to issue new airworthiness directives. Boeing said in a statement the newly reported “issue was found in late 2019” and had been addressed in production. …read more […]

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The leaders of some of Corporate America’s largest companies urged Mayor Bill de Blasio to take “immediate action” to address New York City’s deteriorating quality-of-life issues. …read more […]

We have been following gold in The War Room since our inception in May 2019. And since that time, members have taken dozens of winners ranging from junior miners to leveraged ETFs.
The key to trading gold and gold shares right now is to buy on dips. Precious metals are in the middle of a confirmed bull market, outperforming every other major asset class in 2020.
That trend should continue, and you should position yourself to be a buyer on dips.
In The War Room, we are constantly trading metals stocks but always making sure at least one position is in the portfolio …read more […]

Despite a global pandemic and some ugly economic forecasts, three industries have managed to buck the trend, and they’re only just getting started …read more […]

The post How to Avoid Investing Self-Sabotage appeared first on Investment U. …read more […]

In 1966, Peter Lynch began as an intern with Fidelity Investments.
He got his foot in the door because he caddied at Brae Burn Country Club in West Newton, Massachusetts, for Fidelity’s president at the time, George Sullivan.
After returning from a two-year stint in the U.S. Army in 1969, Lynch got on full time with Fidelity. He started as an analyst following textiles, mining and chemicals.
From the beginning, it was apparent that Lynch was a gifted investor. Within five years, he advanced to become Fidelity’s director of research.
Then, in 1977, he got his big break…
Lynch was put in charge of a …read more […]

Stock futures opened slightly higher Thursday evening after another volatile session earlier in the day sent the three major indices tumbling anew. …read more […]

Peloton will be getting into the used bike business very soon. …read more […]

Business is business, and business waits for no man – or virus. Even during the corona crisis, companies were conducting IPOs, moving from the fully private sector to the public trading sphere. And Wall Street’s best analysts have wasted no time getting the word out on which of these companies are worth an investor’s second look – and which are too risky.Making stock selections from the recent IPOs can take a little more homework than investors may be used to. The established companies have a history and a track record that can guide investors. The newer IPOs have yet to …read more […]