Trading Ideas
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Trading Ideas
ZoomInfo CEO breaks down future plans as company soars in public debut
ZoomInfo shares soar in its public debut. ZoomInfo CEO Henry Schuck joins Yahoo Finance’s On the Move to weigh in on the company’s future plans. …read more […]
Business News
America’s billionaire wealth jumps by over half a trillion during COVID-19 pandemic: report
The combined wealth of America’s billionaires, including Amazon.com Inc founder Jeff Bezos and Facebook Inc CEO Mark Zuckerberg, jumped over 19% or by half a trillion since the onset of the COVID-19 pandemic in the United States, according to a report published by the Institute for Policy Studies (IPS).
Business News
Germany rebuffs gasoline auto lobby with radical electric plan
Germany has become the second major European economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen and Tesla , while polluting SUVs face higher taxes.
Business News
FCA to face checks, sanctions on state-backed loan
Fiat Chrysler will file regular reports on its use of a multi-billion euro state-backed loan which Italy is set to approve soon and will face sanctions if it does not respect commitments attached to the package, the economy minister said.
Trading Ideas
Trading Ideas
Oil Traders Ask Why U.S. Inventory Math Isn’t Adding Up
(Bloomberg) — Oil traders and analysts scrutinizing U.S. inventory data for signs of a market recovery are being confronted by an odd situation: the math just doesn’t add up.Various government data sets including stockpiles, production, imports and exports are signaling that current official figures on at least some supplies are excessive. While it’s unclear where exactly the discrepancy lies, the difference could potentially signal a more bullish outlook for crude prices as they claw their way back after diving below zero in April.The excess is showing up in the U.S. Energy Information Administration’s so-called crude supply adjustment factor — the …read more […]
Trading Ideas
American Airlines soars on news it will boost U.S. flights in July
American Airlines Group Inc shares jumped by 25% after it said Thursday it will significantly boost its U.S. flight schedule next month after dramatic reductions caused by the coronavirus pandemic, flying more than 55% of its July 2019 domestic capacity. American shares, up 24.6% to $14.77 on the bullish announcement, are still down more than 50% since mid-February. The airline, the largest U.S. carrier, will also boost its international flights schedule next month, flying nearly 20% of its July 2019 schedule. …read more […]
Business News
ECB gives another shot of stimulus as economy reels
The European Central Bank approved a bigger-than-expected expansion of its stimulus package on Thursday to prop up an economy plunged by the coronavirus pandemic into its worst recession since World War Two.
Business News
ECB expands pandemic support to over $1.5 trillion
The European Central Bank beefed up its bond-buying programme on Thursday in its latest effort to support a euro zone economy pummelled by more than two months of shutdowns due to the coronavirus pandemic.
Business News
ECB policymakers debated 500-750 billion euros package before compromise, sources say
European Central Bank policymakers debated expanding their pandemic-fighting programme by between 500 billion euros ($566 billion) and 750 billion euros on Thursday before settling for a compromise figure, three sources told Reuters.
Business News
ECB sees big 2020 recession, partial rebound next year
The European Central Bank expects the euro zone to suffer a deep recession this year, with losses only partly made up in 2021 as pandemic-related restrictions weigh on output for an extended period.
Business News
Statement from the ECB following policy meeting
Following is the statement from the European Central Bank following its policy meeting.
Trading Ideas
Microsoft (MSFT) Is a Bargain Stock You Can Buy Today
Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital’s top 5 […] …read more […]
Business News
Oil drops on doubts over output cuts, swelling U.S. fuel inventories
Oil prices fell on Thursday on doubts over the ability of top crude producers to agree to extend record output cuts, heightened by worries over a build in U.S. fuel inventories.