Trading Ideas
The stock market is off the rails
A soaring stock market amid economic devastation makes no sense–until you factor in the Federal Reserve. …read more […]
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Business News
Tesla’s Elon Musk calls for breakup of Amazon in tweet
Telsa Inc Chief Executive Elon Musk on Thursday called for Amazon.com Inc to be broken up.
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Trading Ideas
Elon Musk: It’s time to break up Amazon
Tesla CEO Elon Musk took to Twitter on Thursday calling for the break up of Amazon. Yahoo Finance’s Kristin Myers and Emily McCormick discuss.
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'Stay at home stock' Slack Technologies dips ahead of report
“The biggest risk to Slack in our view is that the good news is ‘already out there’,” warned Canaccord Genuity analyst David Hynes in a recent client note, maintaining his “buy” rating on the stock. In Slack’s report after the bell, analysts on average expect a 39.5% jump in quarterly revenue to $188 million and a non-GAAP loss of 6 cents per share, according to Refinitiv. Slack is trading at the equivalent of 23 times its expected 12-month sales, according to Refinitiv, an unusually high level, even among other fast-growing software companies. …read more […]
Business News
Trump to give agencies power to fast-track big infrastructure projects, sources say
U.S. President Donald Trump on Thursday is expected to sign an executive order that would give federal agencies emergency powers to fast-track major energy and other infrastructure projects by overriding environmental permitting requirements, two sources familiar with the proposal said.
Business News
Oil prices steady as market awaits clarity on OPEC+ output cuts
Oil prices were little changed on Thursday as investors awaited a decision from top crude producers on whether to extend record output cuts.
Business News
U.S. senators move to tighten sanctions on delayed Russia-to-Germany gas pipeline
U.S. senators announced a bill on Thursday expanding sanctions on Russia’s Nord Stream 2 natural gas pipeline and targeting the project Washington says will boost Moscow’s economic and political influence in Germany and other European countries.
Business News
Explainer: No one really knows how many Americans need unemployment benefits
Another 1.9 million people filed for unemployment benefits for the first time last week, according to data released by the Labor Department on Thursday, marking 11 straight weeks in which millions of Americans have filed claims for jobless benefits.
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Royal Caribbean Makes Quick Return to Bond Market for More Cash
(Bloomberg) — Royal Caribbean Cruises Ltd. is seeking an additional $2 billion from investors to boost liquidity as the cruise liner’s ships remain at port to stop the spread of the coronavirus.The company is raising $1 billion in the bond market and another $1 billion through convertible notes, according to a news release. Pricing on the three-year bonds, which may be sold as soon as Thursday, is being discussed in the range of 9.125%, lower than earlier levels of 9.25% to 9.5% and initial talks around high-9% to 10%, according to people familiar with the matter.The unsecured notes are structured …read more […]
Business News
U.S. court blocks sales of Bayer weed killer
Bayer AG has been blocked from selling an agricultural weed killer in the United States, the latest setback for a business already fighting an expensive legal battle over another product.
Business News
Volkswagen resumes deliveries of Golf 8 after software fix
Volkswagen is resuming deliveries of its Golf 8 model after fixing a software glitch, a spokesman said on Thursday.
Business News
Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve
Expectations that the global economy has dodged the worst-case scenarios for the coronavirus pandemic have led to a dramatic selloff in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March.
Business News
U.S. to revise Chinese passenger airline ban: sources
The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said.
Business News
Exclusive: Pompeo to urge stock exchanges globally to tighten rules for Chinese companies
U.S. Secretary of State Mike Pompeo is set warn American investors on Thursday against ‘fraudulent’ accounting practices of China-based companies, and suggest the Nasdaq’s recent decision to tighten listing rules for such players should be a model for all other exchanges around the world.