Year: 2020

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Trading Ideas

Mexico’s Anti-Graft President Hit Where It Hurts Him Most

August 24, 2020 admin Comments Off on Mexico’s Anti-Graft President Hit Where It Hurts Him Most

(Bloomberg) — A week ago, Mexican President Andres Manuel Lopez Obrador was on a roll with his anti-corruption campaign, boosted by a video of rivals counting piles of cash and leaked testimony that could bring down more opponents.Now, Lopez Obrador finds himself in a fight to regain his own integrity as a crusader against graft.Two videos surfaced Thursday showing his brother taking packets of cash from a state political operator in 2015 — three years before the president was elected. Over the weekend, two recordings that were leaked earlier made their rounds in social media, implicating the leader’s allies in …read more […]

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Trading Ideas

Oil Rallies as Twin Hurricane Threat Disrupts U.S. Production

August 24, 2020 admin Comments Off on Oil Rallies as Twin Hurricane Threat Disrupts U.S. Production

(Bloomberg) — Oil rose on Monday as a twin storm front threatened major disruption to oil operations in the Gulf of Mexico, while ongoing concerns over the economic impact from the pandemic kept gains in check.Futures for October in New York rallied as much as 0.8%, after falling 1.1% on Friday. More than half of U.S. Gulf of Mexico production was shut down as of midday Sunday as the region prepared for two approaching hurricanes. The systems, Marco and Laura, are coming from different directions and have the potential to cause billions of dollars in damage.The U.S. recorded less than …read more […]

Industrials

Caterpillar Inc. (NYSE:CAT) Q2 2020 Earnings Summary

August 23, 2020 admin Comments Off on Caterpillar Inc. (NYSE:CAT) Q2 2020 Earnings Summary

      Caterpillar Inc. (NYSE:CAT) Q2 2020 Earnings Summary Jim Umpleby, Chairman & CEO “…The second quarter brought unprecedented challenges for our customers, dealers, employees and suppliers. We thank those in healthcare as well […]