Business News
China virus sends chill through markets as risks rise
Global stock markets took a hit on Tuesday as mounting concern about a new strain of coronavirus in China sent a ripple of risk aversion through markets.
Articles by admin
Trading Ideas
Stock market news live: Stock futures edge down slightly, World Economic Forum continues in Davos
Headlines moving the stock market in real time. …read more […]
Business News
Futures lower as China virus outbreak, growth fears sour mood
U.S. stock index futures followed Asian and European markets lower on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF looked set to stall a record rally on Wall Street.
Trading Ideas
McDermott Will Seek Bankruptcy, Enters Pact to Sell Lummus Unit
(Bloomberg) — McDermott International Inc. will file for bankruptcy after the engineering and construction company reached an agreement with creditors to tackle debt acquired through a botched acquisition.The Houston-based company said that it has the support of two-thirds of the holders of its funded debt in a pact that will eliminate more than $4.6 billion of debt by swapping it for equity, according to a statement. McDermott also agreed to sell its Lummus Technology unit for at least $2.725 billion to a joint partnership between the Chatterjee Group and Rhône Group, it said. The company plans to file for Chapter …read more […]
Trading Ideas
US STOCKS-Futures lower as China virus outbreak, growth fears sour mood
U.S. stock index futures followed Asian and European markets lower on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF looked set to stall a record rally on Wall Street. Travel stocks including Delta Air Lines Inc, United Airlines Holdings Inc and American Airlines Group Inc fell over 2% in premarket trading. Hotel and casino operators Las Vegas Sands Corp and Wynn Resorts Ltd, both of which have large operations in China, dropped about 5%. …read more […]
Trading Ideas
Some Tailored Brands (NYSE:TLRD) Shareholders Have Taken A Painful 91% Share Price Drop
Long term investing is the way to go, but that doesn’t mean you should hold every stock forever. We don’t wish… …read more […]
Business News
Air France-KLM says not involved in Malaysia Airlines sale talks
Air France-KLM said on Tuesday it had previously held talks with the owners of Malaysia Airlines but was not engaged in current efforts to find new investors for the carrier.
Trading Ideas
Trump tells Davos: 'The time for skepticism is over' as impeachment begins
President Donald J. Trump is addressing the World Economic Forum in Davos, Switzerland on Tuesday, as the U.S. Senate begins its historic impeachment trial of the 45th president. …read more […]
Business News
Uber cuts losses from Eats business in India with sale to Zomato
Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant Financial.
Business News
Halliburton beats estimate on international demand; takes $2.2 billion charge
Halliburton Co beat analysts’ estimates for quarterly profit on Tuesday, as higher drilling activity in international markets helped the oilfield services provider blunt a hit from slowing North America that led to a charge of $2.2 billion.
Business News
Boeing plans to stage first flight of 777X plane this week: sources
Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday.
Trading Ideas
Boeing plans to stage first flight of 777X plane this week: sources
Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday. A source close to one of the wide-body jet’s nine firm customers said the flight would take place on Thursday or Friday at Boeing’s commercial base outside Seattle, depending on weather. Boeing could not immediately be reached for comment. …read more […]
Trading Ideas
Trump Lauds His Achievements as Greta Urges Action: Davos Update
(Bloomberg) — Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The world’s rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering will be closely watched to see how the global elite aims to tackle issues they helped create, above all climate change.President Donald Trump’s appearance, which comes on the same day his impeachment trial starts in Washington, began with him calling the trial a “hoax” and “disgraceful.” In his speech, he lauded his economic achievements and said the U.S. is “thriving” and …read more […]
Business News
Halliburton takes $2.2 billion charge on fracking, swings to loss
Halliburton Co swung to a loss in the fourth-quarter as it took a charge of $2.2 billion on its fracking business due to falling demand from oil and gas producers in North America, its largest market.
Business News
Exclusive: Apple dropped plan for encrypting backups after FBI complained – sources
Apple Inc dropped plans to let iPhone users fully encrypt backups of their devices in the company’s iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters.