Trading Ideas
Impact of new social unrest on the US economy in two charts
There is rising social unrest across the country right now and Goldman Sachs analyzes the fallout. …read more […]
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Trading Ideas
Jim Cramer says this is how to profit from stocks in the pandemic
Here’s what the “Mad Money” host says about wise investing in the midst of COVID-19. …read more […]
Business News
S&P, Nasdaq set to open lower after four-day rally
U.S. stock indexes were set to open lower on Thursday as a rally fueled by optimism over an economic rebound from a coronavirus-led downturn ran out of steam even with weekly jobless claims dipping below 2 million for the first time since mid-March.
Business News
ECB’s super stimulus salvo sends stocks, euro higher
World markets got another shot of energy on Thursday as the European Central Bank (ECB) ramped up its Pandemic Emergency Purchase Programme (PEPP) to 1.35 trillion euros.
Business News
Oil drops on U.S. inventories and doubts over output cuts
Oil prices dropped on Thursday on doubts over the ability of crude producers to agree to extend record output cuts, heightened by worries over a build in U.S. fuel inventories.
Business News
Citigroup forms new strategic advisory group to merge insights, data
Citigroup Inc said on Thursday it is forming a new strategic advisory group within its investment bank.
Business News
U.S. banks attract bargain hunters though hurdles to growth remain
Investors eyeing a turnaround in the U.S. economy are piling into U.S. bank stocks even as some caution that positive stress test results and an abatement of loan losses will be needed to sustain a rally in the battered sector.
Trading Ideas
Sabre’s Major Restructuring Includes Cutting 800 More Jobs
Sabre announced a restructuring of its airline and agency-focused businesses on Thursday in a move that includes about 800 layoffs. The move follows the approximately 400 workers that the travel technology company laid off in April. Recent stay-at-home orders have gutted the travel industry, which drives revenue for the Southlake, Texas-based company. “While we had […] …read more […]
Business News
Germany forces all petrol stations to provide electric car charging
Germany said it will oblige all petrol stations to offer electric car charging as part of a sweeping 130 billion euro ($146.26 billion) economic recovery plan, boosting electric vehicle demand which has been hampered by consumer concerns over refuelling.
Business News
Virgin Atlantic says to restart some flights on July 20
Virgin Atlantic said on Thursday it would restart some flights that have been grounded by the COVID-19 pandemic on July 20 and aimed to restore further services in August.
Trading Ideas
Southwest Airlines Prices Two-Tranche $1.8 Billion Debt Offering
Southwest Airlines Co. (LUV) said it has priced its public offering of $1.8 billion of debt in two tranches.The U.S. carrier will offer to sell $500 million aggregate principal amount of 4.750% notes due 2023 and $1.3 billion aggregate principal amount of 5.125% notes due 2027. The 2027 notes will be issued at par value.Southwest Airlines said it expects to use the net proceeds from the offering to repay all of its outstanding debt under its 364-day credit agreement and for general corporate purposes. Upon repayment, it will terminate the credit agreement. The offering is expected to close by June …read more […]
Trading Ideas
Apple CEO Tim Cook Publishes Open Letter on Racism, Discrimination
(Bloomberg) — Apple Inc. Chief Executive Officer Tim Cook wrote an open letter on racism, highlighting that his company must do more.The full text of the letter was posted to the iPhone maker’s website.“To create change, we have to reexamine our own views and actions in light of a pain that is deeply felt but too often ignored,” Cook said. “Issues of human dignity will not abide standing on the sidelines. To the Black community — we see you. You matter and your lives matter.”Cook said Apple would “commit to continuing our work to bring critical resources and technology to …read more […]
Business News
Factbox: German stimulus to drive forward green vehicles
Germany’s coronavirus recovery stimulus package contains measures to boost low emission cars and electric vehicle charging infrastructure.
Trading Ideas
Trade Alert: The Independent Chairman of the Board Of Northern Oil and Gas, Inc. (NYSEMKT:NOG), Bahram Akradi, Has Just Spent US$51k Buying A Few More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Northern Oil and Gas, Inc. (NYSEMKT:NOG… …read more […]
Business News
Exclusive: Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel – sources
Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel , three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s digital economy.