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Shortage of Chinese parts caused $50 billion fall in February's global exports: U.N.

March 4, 2020 admin Comments Off on Shortage of Chinese parts caused $50 billion fall in February's global exports: U.N.

China’s exports of vital parts and components for products ranging from automobiles to cellphones are estimated to have shrunk by an annualized 2% in February, costing other countries and their industries $50 billion, a United Nations agency said on Wednesday. The world’s second-largest economy – and epicenter of the coronavirus outbreak that has spread to 75 nations – accounts for a fifth of global trade in intermediate products. “There is a ripple effect throughout the global economy to the tune of a $50 billion fall in exports across the world,” Pamela Coke-Hamilton, director of UNCTAD’s division of international …read more […]

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Hedge Funds Have Never Been This Bullish On Berkshire Hathaway (BRK.B)

March 4, 2020 admin Comments Off on Hedge Funds Have Never Been This Bullish On Berkshire Hathaway (BRK.B)

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (read the details). If Warren Buffett catches the virus, his probability of death is 5.6%. […] …read more […]

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Business News

GE says coronavirus will hit first-quarter cash flow, sticks to full-year forecast

March 4, 2020 admin Comments Off on GE says coronavirus will hit first-quarter cash flow, sticks to full-year forecast

General Electric Co predicted on Wednesday that the coronavirus would wipe out a substantial chunk of industrial free cash flow in the first quarter, but stuck to full-year financial targets the company set in January.GE predicted that the outbreak would erase $300 million to $500 million from industrial free cash flow and cause a hit of $200 million to $300 million to its first-quarter operating profit. GE set a forecast for first-quarter earnings of about 10 cents a sh

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Trading Ideas

Hedge Funds Have Never Been This Bullish On The Walt Disney Company (DIS)

March 4, 2020 admin Comments Off on Hedge Funds Have Never Been This Bullish On The Walt Disney Company (DIS)

Is The Walt Disney Company (NYSE:DIS) a good equity to bet on right now? We know coronavirus is probably the 1 concern in your mind right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is actually a 3.3% probability that president Donald Trump will die from the new […] …read more […]

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Israel “Izzy” Englander Bets on These 3 High-Yield Dividend Stocks

March 4, 2020 admin Comments Off on Israel “Izzy” Englander Bets on These 3 High-Yield Dividend Stocks

Hedge fund giant Izzy Englander managed a rare feat in life, when he turned his youthful interest in financial markets into a billion-dollar career. He started trading stocks as high school student, and opened his first brokerage in 1977 when he was 30. Eleven years later, in 1988, he raised $35 million in seed money and hung out the shingle of Millennium Management. He continues to serve as CEO of Millennium, which now holds more than $224 billion in assets under management.Through his years of stock trading, Englander has held fast to a set of simple, basic rules in in …read more […]