Year: 2020

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(Bloomberg) — Pine Labs, the Indian payments company backed by Sequoia Capital and Mastercard Inc., is considering a bid for fallen fintech star Wirecard AG’s businesses in Southeast Asia and India, according to people familiar with the matter.A potential bid is still at an exploratory stage, as there’s no information available yet on the valuation and finances of Wirecard’s Asian operations, said the people, who asked not to be identified as the information is confidential. There’s no certainty that Pine Labs will proceed with a formal bid, the people added.The sale of Wirecard’s businesses will be clouded by ongoing probes …read more […]

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(Bloomberg Opinion) — U.S. President Donald Trump is furious at Germany for many reasons, not all of them fathomable. In phone conversations with Angela Merkel, he’s allegedly called the German chancellor “stupid” and denigrated her in “near-sadistic” tones. Though this be madness, as the Bard might say, there is — on rare occasions — method in it. One such case is Nord Stream 2.It is an almost-finished gas pipeline under the Baltic Sea between Russia and Germany, running right next to the original Nord Stream, which has been in operation since 2011. “We’re supposed to protect Germany from Russia, but …read more […]

(Bloomberg) — The chaos that engulfed the gold market in March as the global pandemic choked off physical trading routes is rippling through other precious metals, resulting in price dislocations and a surge in exchange inventories for silver and platinum.The gold market was thrown into turmoil in March as lockdowns grounded planes and closed refineries, leading traders to worry they wouldn’t be able to get gold to New York in time to deliver against futures contracts. That caused futures, which typically trade close to the London spot price, to soar to a premium, inflicting losses on banks that struggled to …read more […]

(Bloomberg) — Google and Temasek Holdings Pte are in negotiations to join a funding round of between $500 million and $1 billion for Indonesian e-commerce giant PT Tokopedia, according to people familiar with the matter.Tokopedia, the online marketplace backed by SoftBank Group Corp.’s Vision Fund, has held talks with U.S. internet giants including Facebook Inc., Microsoft Corp. and Amazon.com Inc., the people said. But Google and Temasek have been more active in their negotiations and those talks may conclude in coming weeks, they said, asking not to be identified because the discussions are private.America’s largest internet corporations have looked increasingly …read more […]

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In the meantime, the firm’s chief executive is pocketing millions of dollars every month by selling shares that have tripled in price on news of Moderna’s development progress, a Reuters analysis of corporate filings shows. The sales – by CEO Stéphane Bancel, his childrens’ trust and companies he owns – amount to about $21 million (£17 million) between January 1 and June 26, including $6 million in May. The lucrative liquidations highlight the unusually powerful incentives for biotech executives to highlight development milestones for drugs that often never get approved or sold, according to interviews with seven executive-compensation …read more […]

Previous trial results had shown that the drug did not help patients with less severe COVID-19, the disease caused by the novel coronavirus, and shares of Regeneron fell about 3% in after hours trading. Other drugs in the same class, including Roche Holding AG’s Actemra, are also being studied as treatments for COVID-19. Patients who required mechanical ventilation or high-flow oxygen therapy or treatment in an intensive care unit were considered critically ill. …read more […]

Early signs of the shift came Wednesday, when positive data for one of Pfizer Inc’s COVID-19 vaccine candidates sent shares of the large U.S. drugmaker up more than 3%. Although the news had little effect on shares of Pfizer’s large rivals in the vaccine race, smaller peers Moderna Inc and Inovio Pharmaceuticals Inc, both of which have previously shown promising COVID-19 data of their own, ended down more than 4% and 25%, respectively. For the week so far, shares of bigger players in the vaccine race, such as Johnson & Johnson and Merck , have also outperformed …read more […]

AtriCure, a recent Oxford Swing Trader recommendation, generated huge double-digit gains for investors in just four short trading days.
In today’s video, Nicholas Vardy explains how this was a textbook example of a swing trade.

The post A Textbook Example of a Swing Trade appeared first on Investment U. …read more […]

Boeing Co’s communications chief Niel Golightly abruptly resigned on Thursday, following an employee’s complaint over an article the former U.S. military pilot wrote 33 years ago arguing women should not serve in combat. The job has become the industry’s biggest hot seat as Boeing fends off criticism for its handling of the 737 MAX crisis. “My article was a 29-year-old Cold War navy pilot’s misguided contribution to a debate that was live at the time,” Golightly said in a statement included in Boeing’s announcement. …read more […]

(Bloomberg) — Colin Huang’s ascent is one for the history books: In just six months, his fortune swelled by $25 billion — one of the biggest gains among the world’s richest people.His Pinduoduo Inc., a Groupon-like shopping app he founded in 2015, has become China’s third-largest e-commerce platform, with a market value of more than $100 billion. In the first quarter, as the coronavirus pandemic caused most of the nation’s economy to grind to a halt, PDD’s active users surged 68% and revenue jumped 44%, the company said in May.Now Huang, who has overseen the firm as its American depositary …read more […]

After a 30-year run, Chesapeake Energy has declared bankruptcy. Common shareholders are going to get nothing… or next to nothing.
It is a sad demise for what was once one of the most exciting companies in the market.
From the very start (and until the very end), Chesapeake had been the poster boy for the natural-gas-from-shale revolution… roaring out of the gate and whimpering to the finish.

Shale gas started with so much promise for growth, but it has turned into one of the worst stories of shareholder wealth destruction in history.
I’ve watched Chesapeake and the shale boom closely from the very beginning, …read more […]

In case you didn’t already know…
I make bold promises.
And do I deliver?
Hell yes – 100%.
That’s why I’m circling back with you today…
You see, in Monday’s Trade of the Day – I made my boldest promise – ever.
Make 300 winners – guaranteed.
And if I don’t deliver?
You get The War Room – for LIFE.
Don’t believe me?
See for yourself…
Make 300 Winning Trades This Year – No Matter What the Market Does – or Get The War Room Free – FOR LIFE.
Oh, and while we’re talking about winners…
The thrill of hitting winner after winner never gets old.
Roll out of bed… pour yourself some coffee… …read more […]