Articles by admin

The German government plans to terminate its contract with the country’s accounting watchdog after payments company Wirecard filed for insolvency last week in one of Germany’s biggest fraud scandals, a government official said on Sunday. Bild am Sonntag newspaper reported earlier on Sunday that the Justice and Finance Ministries would on Monday cut ties with the Financial Reporting Enforcement Panel (FREP), a quasi-private entity that supervises the financial statements of listed firms. “We have reached an agreement with the Finance Ministry to terminate the contract,” said the Justice Ministry official, who declined to be named or give further …read more […]

A federal court ordered the discharge of student loans under an Obama-era borrower defense rule for the time on the same day that a vote to override President Trump’s veto on the same rule failed in the House. …read more […]

US regulators may start tests this week as Boeing bids to clear a milestone for the crisis-hit aircraft. …read more […]

The Trump administration’s visa restrictions on high-skilled workers employed predominantly in the tech sector could hold back recovery from the coronavirus-induced recession, experts say. …read more […]

The analysts covering Inovio Pharmaceuticals, Inc. (NASDAQ:INO) delivered a dose of negativity to shareholders today… …read more […]

(Bloomberg) — Perhaps the most challenging riddle for investors in the pandemic is whether another centuries-old scourge is going to return.Inflation can wreck even the safest portfolio by eroding the value of investments for decades. But you would be hard pressed to find anyone among the younger generation of investors, within developed markets at least, who has faced it in any meaningful way. The last major episode was back in the 1970s and ’80s, and inflation has all but disappeared since the 2008 financial crisis.But the pandemic has changed the world so dramatically that Wall Street’s heavyweights from Pacific Investment …read more […]

“Staggeringly dumb.” That’s the latest insult Elon Musk threw at Nikola Motors (NKLA), which has rocketed a crazy 500%+ since April. Love him or hate him, no one denies Musk is a genius. He built Tesla (TSLA)—easily the world’s most innovative car company—from scratch. When he’s not running Tesla, he works a “side job” as a rocket scientist for […] …read more […]

(Bloomberg) — Iraq is reassessing contracts to pump crude at fields where production costs are high as it tries to contain expenses while curbing output, the oil minister said, according to a report on Sunday in Al-Sabah newspaper.OPEC’s second-biggest producer has an interest in cooperating with other global suppliers in reducing output to prop up crude prices, Oil Minister Ihsan Abdul Jabbar said in an interview with state-run Al-Sabah. The ministry is reviewing some of its contracts and may try to amend those with high costs, he said, without giving additional details.Iraq, a long-time laggard in meeting output cuts that …read more […]

(Bloomberg) — European stocks are entering the second half of the year on a strong footing.Even after three straight months of gains, a growing number of strategists and investors are turning bullish on the region’s equities. Helping sentiment are reports pointing to an economic bounce, unprecedented stimulus measures and optimism that easing lockdown measures won’t lead to a second wave of coronavirus infections.That’s building a case for European equities to continue a rare outperformance over peers in the U.S., where infections are on the rise in several states. Both the Stoxx Europe 600 Index and the Euro Stoxx 50 Index …read more […]

The rise in infections is driving up the chances of additional fiscal and monetary policy stimulus, and this is bullish for gold. …read more […]

In this article we will check out the progression of hedge fund sentiment towards Plug Power, Inc. (NASDAQ:PLUG) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […] …read more […]

Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out […] …read more […]

(Bloomberg Opinion) — It’s the mother of all payouts.The $75 billion that Saudi Aramco doles out in dividends every year dwarfs what any other listed company gives to shareholders. It’s roughly equivalent to the payouts from Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., BP Plc, Total SA, PetroChina Co., Eni SpA, Petroleo Brasiliero SA and China Petroleum & Chemical Corp. or Sinopec — put together.That makes Chief Executive Officer Amin Nasser’s promise to continue that level of returns for the next five years an extraordinary vote of confidence in an oil market awash with uncertainties. Saudi Aramco will …read more […]

The coronavirus pandemic compressed five years of digital transformation in the U.S. into five months, “Shark Tank” star Kevin O’Leary said Saturday.What O’Leary calls “the great digital pivot” away from retail presents an opportunity for investors, he said. Retail sales have 50% gross margins, but direct-to-consumer sales have gross margins nearing 100%, O’Leary said at Benzinga’s Stocks & Options 101 Boot Camp, held virtually June 26-27.”I’ve been working hard on indexing this change and investing in it myself,” said O’Leary, the chairman of O’Shares ETF Investments.O’Leary On The Digital Pivot: Before the pandemic, a typical American business made 50% of …read more […]

* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This week’s bullish calls again included the iPhone maker and the king of e-commerce. * The electric vehicle leader and a social media colossus were among the bearish calls.The main U.S. indexes lost ground this past week, led by the 3.3% retreat in the Dow Jones industrials. It was a week in which the iPhone maker held its annual developers conference, the e-commerce leader made a big acquisition and America’s bestselling vehicle got a makeover.Business leaders were unhappy with recent immigration …read more […]