The consortium that won the bid to acquire Thyssenkrupp’s elevators division wants to spend billions of euros on expanding the business, a manager at one of three partners said in remarks published on Sunday.
The head of the Bank of International Settlements’ economics team said Sunday that a rapid V-shaped recovery from the Coronavirus now appears “grossly unrealistic.” …read more […]
Coronavirus developments, February jobs report, Super Tuesday and Target earnings will keep investors busy in the week ahead. …read more […]
Nouriel Roubini explains why even in the best goldilocks scenario a v-shaped recovery in China is unlikely. …read more […]
U.S. refiner Citgo has reached an agreement with Aruba to transfer control of the San Nicolas refinery to the island’s government, Citgo said late on Saturday, after the two parties last year suspended a contract to overhaul the facility.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of… …read more […]
It’s been a sad week for Nektar Therapeutics (NASDAQ:NKTR), who’ve watched their investment drop 12% to US$20.81 in… …read more […]
(Bloomberg) — The Federal Reserve is now prepared to reduce interest rates this month even though it recognizes monetary policy cannot completely shelter a U.S. economy increasingly threatened by the coronavirus.Fed Chairman Jerome Powell opened the door to a rate-cut at the Fed’s March 17-18 meeting by issuing a rare statement Friday pledging to “act as appropriate” to support the economy.He was pushed into making that assurance by spectacular losses in U.S. stocks as investors turned fearful that the spreading virus would significantly damage the American and global economies. Traders and a string of Wall Street banks now expect the …read more […]
Kinder Morgan, Inc. (NYSE:KMI) shareholders (or potential shareholders) will be happy to see that the Executive… …read more […]
The last three months have been tough on Amarin Corporation plc (NASDAQ:AMRN) shareholders, who have seen the share… …read more […]
Innovative Industrial Properties, Inc. (NYSE:IIPR) just released its latest full-year results and things are looking… …read more […]
Novavax, Inc. (NASDAQ:NVAX) shareholders will doubtless be very grateful to see the share price up 205% in the last… …read more […]
Markets are plunging, taking a serious hit as the coronavirus spreads rapidly throughout the world. So far, the worst of the outbreak is in China, but large-scale viral cases are on the rise in Italy, Iran, and South Korea. Medical restrictions and quarantines are disrupting global trade and travel patterns, with shutdowns in Chinese factories impacting global supply chains in everything from electronics to the containerized shipping industry. The S&P 500 is down 12.8% from its peak on February 19, completely erasing earlier gains and putting the index at an 8.6% loss for the year to date.But as per usual …read more […]
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