Business News
Asia stocks set to fall on Fed’s dour outlook
Asian stocks were set to fall on Thursday after gloomy economic projections from the U.S. Federal Reserve sent the greenback and most Wall Street shares lower.
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Trading Ideas
Trading Ideas
This 8% Yielder Just Slashed Its Dividend
It’s not that common that I review a stock immediately after it has cut its dividend. But I’ve had a number of requests for this one, and it’s an interesting situation.
Preferred Apartment Communities (NYSE: APTS) owns 123 multifamily housing, student housing, office and retail spaces in 15 states.
Its properties include…
The Overlook at Crosstown Walk, a 180-apartment community in Tampa, Florida
Independence Square, a 140,000-square-foot retail plaza in Dallas, Texas
Stadium Village, a 792-bed student housing apartment building in Kennesaw, Georgia.
In its first quarter earnings announcement, Preferred Apartment Communities said it is reducing its quarterly dividend to $0.175 per share from $0.2625.
This is …read more […]
Business News
White House works to move stalled airline contact tracing plan: sources
The White House wants a plan in place by Sept. 1 for airlines to collect contact tracing information from U.S.-bound international passengers, but will not immediately implement a Centers for Disease Control and Prevention (CDC) proposal, three people briefed on the matter said on Wednesday.
Trading Ideas
Did You Double YOUR Money on Monday?
Last week on June 4 in Trade of the Day, I shared my thoughts on Party City (NYSE: PRTY) and how it was a great speculation at current levels (at the time) of around $1.40.
Here’s a refresher on what I wrote…
Party City shares currently trading around $1.40 is a speculation, pure and simple. It might be time to add some zing to your portfolio with a stock that can party like it’s 1999 again!
On Monday, June 8, the shares traded as high as $2.55. So no matter the price traders paid on June 5, they woke up Monday morning …read more […]
Business News
Amazon pauses police use of facial recognition tech for a year
Amazon.com Inc on Wednesday said it was implementing a one-year moratorium on police use of its facial recognition software, reversing its long-time support of selling the technology to law enforcement.
Business News
Europe’s Just Eat Takeaway to buy Grubhub for $7.3 billion
European food ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company outside China.
Business News
Tailored Brands may seek Chapter 11 protection if COVID effect continues
Men’s Wearhouse owner Tailored Brands Inc said on Wednesday it may have to seek bankruptcy protection or discontinue operations, if the COVID-19 crisis continues to pummel sales.
Trading Ideas
Has COVID-19 Been Good or Bad for Natural Gas Demand?
Prior to 2020, there was a strong global demand for liquefied natural gas (LNG).
2019 saw a 13% year-over-year increase in global LNG trade. Total sales hit 354.7 million metric tons.
It was the sixth year in a row of LNG growth. Last year alone, the U.S. increased production by 13.1 million tons.
But black swan events can happen at any time… and they sure are disruptive.
Here’s what’s been transpiring in the natural gas space since the COVID-19 pandemic came on the scene…
Massive Demand Disruption
This past winter was mild and kept what would normally have been strong seasonal demand in check. Then the …read more […]
Trading Ideas
Second U.S. Virus Wave Emerges With Texas Hitting Record
(Bloomberg) — Texas on Wednesday reported 2,504 new coronavirus cases, the highest one-day total since the pandemic emerged.A month into its reopening, Florida this week reported 8,553 new cases — the most of any seven-day period.California’s hospitalizations are at their highest since May 13 and have risen in nine of the past 10 days.A fresh onslaught of the novel coronavirus is bringing challenges for residents and the economy in pockets across the U.S. The localized surges have raised alarms among experts even as they’re masked by the nation’s overall case count, which early this week rose just under 1%, the …read more […]
Trading Ideas
Just Eat Takeaway to Buy Grubhub for $7.3 Billion to Enter U.S.
(Bloomberg) — Europe’s Just Eat Takeaway.com NV agreed to acquire U.S.-based Grubhub Inc. for $7.3 billion, in a deal that creates one of the world’s largest meal-delivery companies as the coronavirus pandemic drives a surge in orders.Amsterdam-based Just Eat Takeaway said it will pay $75.15 per share for Grubhub in an all-stock deal with an equity value of $7.3 billion. Grubhub’s stock price rose about 6% in extended trading to more than $62, while the European company fell about 13%.The deal sidelines Uber Technologies Inc., which had been in acquisition talks with Grubhub for at least a month. Political pressure …read more […]
Trading Ideas
Business News
Europe’s Just Eat Takeaway to buy U.S. delivery firm Grubhub for $7.3 billion
European food ordering firm Just Eat Takeaway.com NV on Wednesday announced a $7.3 billion deal to buy U.S. food delivery firm Grubhub Inc and create the world’s biggest food delivery company outside of China.
Business News
Amazon implements one-year moratorium on police use of facial recognition software
Amazon.com Inc said on Wednesday it was implementing a one-year moratorium on the use of its facial recognition software by the police following backlash over the use of racially biased surveillance technology amid ongoing protests in the United States.
Business News
Boeing supplier Spirit announces layoffs due to virus, 737 MAX impacts
Aircraft parts maker Spirit AeroSystems Holdings Inc announced on Wednesday a 21-day layoff for staff doing production and support work for Boeing Co’s 737 program.