Year: 2020

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Trading Ideas

Senate Passes Bill to Delist Chinese Companies From Exchanges

May 20, 2020 admin Comments Off on Senate Passes Bill to Delist Chinese Companies From Exchanges

(Bloomberg) — The Senate overwhelmingly approved legislation Wednesday that could lead to Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. being barred from listing on U.S. stock exchanges amid increasingly tense relations between the world’s two largest economies.The bill, introduced by Senator John Kennedy, a Republican from Louisiana, and Chris Van Hollen, a Democrat from Maryland, was approved by unanimous consent and would require companies to certify that they are not under the control of a foreign government.If a company can’t show that it is not under such control or the Public Company Accounting Oversight Board isn’t …read more […]

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Business News

Stocks rally on reopening, stimulus hopes

May 20, 2020 admin Comments Off on Stocks rally on reopening, stimulus hopes

The three major averages on Wall St were poised for their fourth gain in five session on Wednesday as investors again bet on a swift economic recovery from coronavirus-driven lockdowns and the potential for more stimulus measures from the Federal Reserve.

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Trading Ideas

The World’s Most Successful Investor Is a Swing Trader

May 20, 2020 admin Comments Off on The World’s Most Successful Investor Is a Swing Trader

Swing trading has made many a hedge fund manager a fortune – including the world’s most successful investor.
Today, Nicholas Vardy shares how this man built his fortune and how swing trading can work for small investors too.

Editor’s Note: Yesterday, Nicholas Vardy explained what swing trading is and how it works. Today, he’s going one step further and sharing concrete examples of how the world’s most successful investor used swing trading to build his fortune.
And – finally – Nicholas is going to break his silence as a former hedge fund manager and reveal the secrets behind his new Oxford Swing Trader …read more […]

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Trading Ideas

Merkel Says Lufthansa Deal in View as Airline Warns on Urgency

May 20, 2020 admin Comments Off on Merkel Says Lufthansa Deal in View as Airline Warns on Urgency

(Bloomberg) — Chancellor Angela Merkel said Germany’s talks to bail out Deutsche Lufthansa AG are nearing completion, providing hope for positive resolution just as the embattled airline’s management warned that a multibillion-euro rescue was becoming urgent.“A decision can be expected shortly,” Merkel said late Wednesday in Berlin, adding that “intensive talks” were ongoing with the company and the European Commission, which would need to approve a deal. She declined to go into details, saying: “I would give the advice: wait for the talks to end.”In a letter to employees, the airline warned cash reserves continued to shrink while it negotiates …read more […]