Trading Ideas
Meet The Biggest Losers Of The U.S. Shale Bust
After a decade of U.S. shale oil & gas, it seems like almost every American has profited, except for the investors that have lost their shirt in the shale bust …read more […]
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Business News
State AGs fight bonus pay for CEO of OxyContin-maker Purdue
The chief executive officer of OxyContin-maker Purdue Pharma LP should not collect a potential $1.3 million bonus when he has been accused of contributing to the opioid epidemic, a group of state attorneys general said in a court filing on Monday.
Business News
Exclusive: Brazil’s Odebrecht in talks to stave off Braskem sale, keep payout – sources
Creditors of Brazil’s Odebrecht SA are in advanced talks to let the corruption-ensnared conglomerate keep its crown jewel asset, listed petrochemical company Braskem SA , for another two years, retreating from their prior demand for a quick sale, two sources with knowledge of the matter said.
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Exclusive: Brazil's Odebrecht in talks to stave off Braskem sale, keep payout – sources
Creditors of Brazil’s Odebrecht SA are in advanced talks to let the corruption-ensnared conglomerate keep its crown jewel asset, listed petrochemical company Braskem SA , for another two years, retreating from their prior demand for a quick sale, two sources with knowledge of the matter said. In a further victory for Odebrecht, which is trying to restructure 51 billion reais ($12.2 billion) in debt, its bank creditors will let it keep receiving most of Braskem’s dividends – now virtually Odebrecht’s sole revenue source – during that period. The engineering and construction company, implicated in a series of graft …read more […]
Business News
Wells Fargo adds more external bankers to top ranks
Wells Fargo & Co said on Monday Scott Powell will become chief operating officer, the second external recruit to join the top ranks since Chief Executive Charles Scharf took over six weeks ago.
Business News
U.S. vows 100% tariffs on $2.4 billion of French products over digital services tax
The U.S. government on Monday said it could slap additional duties of up to 100% on $2.4 billion in French imports of Champagne, handbags, cheese and other products, after concluding that a new French digital services tax would harm U.S. tech companies.
Trading Ideas
Should You Buy TechnipFMC plc (FTI)?
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was TechnipFMC plc (NYSE:FTI). TechnipFMC plc (NYSE:FTI) investors should be aware […] …read more […]
Business News
UnitedHealth forecasts 2020 earnings, midpoint below estimates
Health insurer UnitedHealth Group on Monday issued its adjusted earnings forecast for 2020, the midpoint of which was below analysts’ estimates.
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Edited Transcript of HUN earnings conference call or presentation 25-Oct-19 2:00pm GMT
Q3 2019 Huntsman Corp Earnings Call …read more […]
Trading Ideas
5 Manufacturing Companies Gurus Broadly Own
Stocks to consider as manufacturing sector continues contracting Continue reading… …read more […]
Business News
U.S. Cyber Monday sales poised to top $9.4 billion
Cyber Monday sales were on course to bring in a record $9.4 billion, according to early estimates, building on a bumper Black Friday weekend for U.S. retailers driven by earlier-than-usual promotions and free shipping.
Trading Ideas
Hedge Funds Have Never Been Less Bullish On LyondellBasell Industries NV (LYB)
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]
Trading Ideas
Were Hedge Funds Right About Warming Up To Teradyne, Inc. (TER)?
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […] …read more […]
Business News
Trump’s tariff ambush risks pushing Brazil closer to China
U.S. President Donald Trump’s surprise decision to slap metals tariffs on Brazil is a blow to President Jair Bolsonaro’s aim of forging closer ties with Washington and could push Latin America’s No. 1 economy closer to Trump’s top trade foe – China.
Trading Ideas
Amazon (AMZN) Set to Soar Higher This Holiday Season, Says Analyst
With Black Friday just behind us, and Cyber Monday about to explode, holiday shopping season madness is in full swing.As the early stats come in, the numbers point to Friday’s online sales party being the largest ever, raking in $7.4 billion in transactions. Monday’s online sales are expected to come at $9.4 billion, beating last year’s $7.9 billion. Naturally, one popular name hoping to reap rewards is online shopping giant, Amazon (AMZN). The tech behemoth’s stock hasn’t had the most stellar year. Despite its share price recording gains of 19%, the number falls short of the S&P 500’s 25% year-to-date …read more […]