Business News
U.S. private payrolls fall less than expected in May
U.S. private payrolls fell less than expected in May, with employers laying off another 2.76 million workers.
Articles by admin
Business News
Saudi, Russia reach deal on oil cuts, raising pressure for compliance
OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on countries with poor compliance to deepen their cuts, OPEC+ sources told Reuters.
Trading Ideas
Stock market news live updates: Stock futures rise as markets shake off unrest, lousy ADP data
Stock futures extended gains Wednesday morning as investors set their sights on more major cities’ plans to reopen businesses in the near-term as the coronavirus pandemic eased. …read more […]
Business News
Lufthansa expects significantly larger loss in second quarter
Lufthansa expects a significantly larger loss in the second quarter of this year, the airline group’s finance chief said on Wednesday.
Business News
TUI strikes compensation deal with Boeing, delays 737 MAX deliveries
Europe’s biggest travel company, TUI Group , said it has struck a deal with Boeing for compensation and deferred deliveries of the grounded 737 MAX jet, boosting its finances as it seeks to survive the coronavirus pandemic.
Business News
SoftBank launches $100 million fund investing in ‘people of color’
SoftBank Group Corp is launching a $100 million fund to invest in “companies led by founders and entrepreneurs of color”, in the latest corporate action as protests roil the United States.
Trading Ideas
Student loan expert on mass debt cancellation: ‘We don’t need these blunt solutions’
The coronavirus pandemic and accompanying financial crisis is putting particular pressure on the finances of student loan borrowers and on Congress to do something about a “broken” system. …read more […]
Trading Ideas
Ericsson shares boosted after 5G contract win in Canada, beating Huawei
Bell Canada, part of BCE Corp, had relied on Huawei for deploying 4G infrastructure but went with Ericsson as Canada was deliberating whether to allow Huawei to sell 5G equipment in the country. The United States has raised security concerns about Huawei and has warned that allies that use its equipment in their networks risked being cut off from valuable intelligence sharing. …read more […]
Trading Ideas
Business News
Coty in talks to collaborate with Kim Kardashian for cosmetics line
Coty Inc is in talks with reality TV star Kim Kardashian West over a potential collaboration for a beauty line, the cosmetics maker disclosed in a regulatory filing on Wednesday.
Business News
Saudi, Russia reach deal on oil cuts, raising pressure on laggards
OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil production cuts by one month while raising pressure on countries with poor compliance to deepen their output cuts, OPEC+ sources told Reuters.
Trading Ideas
Saudi, Russia reach deal on oil cuts, raising pressure on laggards
OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil production cuts by one month while raising pressure on countries with poor compliance to deepen their output cuts, OPEC+ sources told Reuters. “Any agreement on extending the cuts is conditional on countries who have not fully complied in May deepening their cuts in upcoming months to offset their overproduction,” one OPEC source said. OPEC+ agreed last month to cut output by a record 9.7 million barrels per day, or about 10% of global output, in May and June to lift prices …read more […]
Trading Ideas
Campbell Soup raises 2020 forecasts after beating estimates as people stockpile
Shares of the company, which have risen 5% this year, were up 3% in pre-market trading. The Prego pasta sauce maker now expects fiscal 2020 adjusted earnings per share to be between $2.87 and $2.92, compared with its prior range of $2.55 to $2.60. Net sales rose about 15% to $2.24 billion in the third quarter, ended April 26, beating estimates of $2.22 billion, driven by higher demand for Prego pasta sauces, V8 beverages and Pepperidge Farm cookies. …read more […]
Business News
Oil falls from $40 on doubts over early OPEC meeting
Oil fell after touching its highest since March at more than $40 a barrel on Wednesday, pressured by doubts that an early meeting of OPEC and its allies to extend existing output cuts will take place.
Trading Ideas
Dow 100,000? This Chart Says So
This is an absolutely tremendous time to be an investor.
At the threat of being hyperbolic, it may be the best time ever.
Across all three of the model portfolios we run, there are currently 22 open positions. All but two are worth more than we paid for them… many are worth significantly more.
We’ve got multiple stocks up by 20%, 30% and 40% just in the past few weeks. And we’ve got options surging by 100%, 200% and even 300%.
One of the companies we recently detailed in a special report to subscribers surged as much as 1,000% since January.
Times aren’t just good… …read more […]