Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth.
Japan’s government is considering putting together a large-scale economic stimulus package with fiscal spending exceeding $92 billion, the Nikkei newspaper said, as soft global demand and the U.S.-China trade war dampen the country’s fragile recovery. Adding strain to Japan’s tattered finances, the government will issue more bonds to fund public works spending of up to 4 trillion yen ($36.82 billion) and make up for tax revenue shortfalls as firms feel the pinch from the trade tensions, the newspaper said on Saturday. Prime Minister Shinzo Abe’s administration will finalise the package early next week after consultations with the ruling …read more […]
(Bloomberg) — An unprecedented frenzy of debt sales around the world is threatening to cool this year’s hot returns on corporate bonds.Companies have sold a record $2.43 trillion so far this year across currencies, surpassing previous full-year records. Investors rushed to snap up all this debt because they were desperate for yield as central banks cut rates. That has pushed up valuations.Now, some troubling signs for the direction of those valuations are converging. Recent data suggest that the worst may be over for the global economy, which means many central banks could have less reason next year to guide down …read more […]
Apple Inc is “taking a deeper look at how we handle disputed borders” after it referred to the Russian-annexed Crimean peninsula as part of Russia in its Maps and Weather apps for Russian users, a company spokeswoman told Reuters on Friday.
Company’s shares are up more than 6% after earnings and could net an annual profit for the first time since 2015 Continue reading… …read more […]
The investment bank has served a big helping of seasonal cheer Continue reading… …read more […]
New buys include Buffett’s conglomerate Continue reading… …read more […]
(Bloomberg) — Carl Icahn‘s advanced his effort to replace Occidental Petroleum Corp.’s entire board by submitting nominations for as many as 14 directors, according to people familiar with the matter.Icahn, who owns a stake in the company valued at about $1 billion, filed his slate of directors on Tuesday, said the people, who asked not to be identified because the matter is private. The candidate slate is designed to replace all 10 members of the current board as well as fill new seats that might be created under Occidental’s bylaws, the people said.A representative for Icahn declined to comment. A …read more […]
Billionaire investor Warren Buffett was thwarted in trying to spend some of the $128.2 billion of cash at his Berkshire Hathaway Inc, after a private equity firm outbid him to buy technology equipment distributor Tech Data Corp for $5.14 billion, CNBC said on Friday.
A near-monopoly pioneer in a fast-growing space Continue reading… …read more […]
A close below 109.511 will form a closing price reversal top. This won’t change the main trend to down, but it will indicate the selling is greater than the buying at current price levels. …read more […]
Q3 2019 Kornit Digital Ltd Earnings Call …read more […]
We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining… …read more […]
As you might know, Mesoblast Limited (ASX:MSB) recently reported its first-quarter numbers. Revenues of US$17m crushed… …read more […]
The cost of cars equipped with ultra-fast 5G wireless technology is likely to go up if microchip supplier Qualcomm Inc’s patent licensing practices fail to change, a trade group representing major automakers and two leading automotive suppliers said in court filings on Friday.
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