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Trading Ideas

SoftBank’s Masa-Misra Partnership Strained by Losses, Infighting

(Bloomberg) — In early March, before the coronavirus pandemic triggered a global economic lockdown, SoftBank Group Corp. founder Masayoshi Son paid tribute to Rajeev Misra, the man who runs his $100 billion technology investment fund. Wearing a $70 Uniqlo down jacket, the Japanese billionaire put his arm around Misra’s shoulders at a town hall meeting in San Carlos, California. He said he would never forget the help Misra provided when he was at Deutsche Bank AG more than a decade earlier and spoke of the trust and respect they had developed since, according to a summary shared internally. “We are …read more […]

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Business News

Japan ‘closely communicating’ with U.S. after arrest of two men over Ghosn escape: source

Japan is closely communicating with relevant U.S. authorities following the U.S. arrest of two men on charges they enabled former Nissan Motor Co chairman Carlos Ghosn to escape from Japan last year, a Japanese government source said on Thursday.

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Trading Ideas

Oil prices climb as U.S. stock drawdown eases supply glut fears

Oil prices edged higher on Thursday after data showed U.S. crude inventories fell again, easing concern about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains. Brent crude futures for July delivery were trading up 17 cents, or 0.5%, at $35.92 per barrel at 0024 GMT. U.S. West Texas Intermediate (WTI) crude futures for July were up 4 cents, or 0.1%, at $33.53 a barrel. …read more […]

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Trading Ideas

Neil deGrasse Tyson Loved Alphabet, Jetblue, Snubbed Tesla

American astrophysicist, Neil deGrasse Tyson, also known as the coolest smartest guy in Manhattan, has a cult following. Neil deGrasse Tyson doesn’t fit the image of one might have of a genius scientist. Not in the way he looks, the way he sounds, the way he walks. And then there’s the coolness factor. The guy’s […] …read more […]

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Trading Ideas

Neil deGrasse Tyson Is Crazy About Amazon: Here is why

American astrophysicist, Neil deGrasse Tyson, also known as the coolest smartest guy in Manhattan, has a cult following. Neil deGrasse Tyson doesn’t fit the image of one might have of a genius scientist. Not in the way he looks, the way he sounds, the way he walks. And then there’s the coolness factor. The guy’s […] …read more […]

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Trading Ideas

As China Lifts Physical Oil, Traders Ask: Can Rally Last?

(Bloomberg) — From the Middle East to Siberia, the North Sea down to Latin America, the prices of physical cargoes of crude oil are rallying hard almost everywhere, underpinning a surge in headline futures markets. Now, though, attention is turning toward just how sustainable the recovery will really be.Brent crude traded on the ICE Futures Europe exchange has nearly doubled to about $35 a barrel in the past month, while America’s West Texas Intermediate — which dipped into negative territory at one stage — has also soared. All that’s happened because global producers have slashed millions of barrels of output …read more […]