Trading Ideas
Menlo Therapeutics Inc.'s (NASDAQ:MNLO) Profit Outlook
Menlo Therapeutics Inc.’s (NASDAQ:MNLO): Menlo Therapeutics Inc., a pharmaceutical company, focuses on developing and… …read more […]
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Stock market news live updates: Stock futures slide after Fed decision, Nasdaq pulls back from record high
Stock futures slid following the Federal Reserve’s monetary policy decision, in which policymakers highlighted the ongoing economic concerns spurred by the coronavirus pandemic and measures taken to contain it. Meanwhile, market participants also eyed a rise in new coronavirus cases in key states including Arizona, Florida, North Carolina and Texas. …read more […]
Business News
Unilever to end Anglo-Dutch era with British holding company
Unilever proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years after shareholders sank an earlier plan to move its headquarters to the Netherlands.
Business News
Futures fall after Fed’s sobering outlook, fears of second virus wave
U.S. stock futures extended declines on Thursday, a day after the Federal Reserve’s economic forecast confirmed that the pain from the coronavirus outbreak will be felt for years, with investors also nervous about a second wave of infections.
Business News
Volkswagen board apologises after publication of racist advert
Volkswagen’s management board on Thursday apologised for the company’s publication on its Instagram page of a racist advert and said the clip was published because of a lack of cultural sensitivity rather than because of racist intentions.
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Oil Traders Lose Asian Forum as Singapore Event Goes Virtual
(Bloomberg) — Fortunes have been made — and lost — in the oil market this year on an unprecedented scale, but it looks like the world’s traders will have to forgo their last chance to get together and celebrate or commiserate.That’s because S&P Global Platts, the organizer of Singapore’s Annual Asia Pacific Petroleum Conference, just announced that it’s going to hold the event virtually because of the coronavirus.The gathering, in its 36th year, is the biggest of its kind in Asia and one of the industry’s three most important global conclaves, all of which have now been disrupted by the …read more […]
Business News
Walmart to stop keeping ‘multicultural’ beauty products in locked display cases
Walmart Inc will stop keeping personal care products designed for people of color in locked display cases, the retailer said, after the practice drew flak online with many saying it suggested customers for these products cannot be trusted.
Business News
Bombardier to cut Belfast workforce by around 400
Canadian plane maker Bombardier Inc is to cut around 400 jobs in its Northern Ireland operations, it said on Thursday, part of plans announced last week to cut 2,500 jobs or about 11% of the workforce in its global aviation unit.
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Gold Futures Rally as Powell’s Fed Delivers for Bullion Bulls
(Bloomberg) — Gold futures rallied as the Federal Reserve vowed to hold interest rates lower for longer and investors tracked signs of a resurgence in infections in some U.S. states.The haven pushed higher after Chairman Jerome Powell said Wednesday the Fed is committed to “do whatever we can, for as long as it takes.” Almost all officials forecast keeping rates near zero through 2022, and the central bank also said it will at least maintain the current rate of bond purchases.“The conditions are here for gold still going to $1,800,” Dominic Schnider, head of commodities & Asia Pacific currencies at …read more […]
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A Scary Sign of Capitalism’s Future
We wait for what comes next.
The nation is like a family that’s been plagued with pain. The poor folks have suffered from one bad thing after the next. Divorce, job loss and disease… The community around it keeps its distance and wonders what more could go wrong. People whisper about its fate in church.
The United States has been through a pandemic and deadly riots, and, oh look, a decisive election is on the horizon. What else can there be?
An alien invasion?
If they’re intelligent beings, the aliens will drop in, grab all of our Hershey bars and head back to whence …read more […]
Business News
Outside panel to review Samsung heir Lee’s case: Seoul prosecutors
An outside panel will weigh the validity of an investigation into Samsung Group heir Jay Y. Lee over a 2015 merger and alleged accounting fraud, the Seoul Central District Prosecutors’ Office said on Thursday.
Business News
Renault nationalisation, state cash injection not on the table: chairman
A further investment by the French government in Renault’s capital would not be the most pertinent or useful use of state resources, the carmaker’s chairman said on Thursday, adding that nationalisation of the firm was not being contemplated.
Business News
Biting passenger delays flight? No compensation needed, says EU court
Airlines don’t need to compensate passengers if a flight is delayed by one person biting another as it is an “extraordinary circumstance”, the EU’s top court ruled on Thursday after a customer sued Portuguese airline TAP over such an incident.
Trading Ideas
The Fed suggests the worst of this crisis is over: Morning Brief
Top news and what to watch in the markets on Thursday, June 11, 2020. …read more […]