Trading Ideas
Edited Transcript of AMG earnings conference call or presentation 28-Oct-19 12:30pm GMT
Q3 2019 Affiliated Managers Group Inc Earnings Call …read more […]
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Trading Ideas
U.S. SEC considers relaxing post-crisis structured mortgage product rules
The U.S. Securities and Exchange Commission (SEC) on Wednesday said it was seeking feedback on whether disclosure rules were discouraging firms from issuing SEC-registered residential mortgage-backed securities (RMBS) as the Trump administration seeks to overhaul the U.S. housing finance market. The move, which follows five years of limited activity in the SEC-registered RMBS market, could result in the SEC loosening disclosure requirements introduced in the wake of the 2007-2009 subprime mortgage crisis. SEC Chairman Jay Clayton said that he had asked agency officials to review SEC disclosure requirements for RMBS introduced in 2014 in a bid to revitalize …read more […]
Trading Ideas
Ford shutters oldest Brazil plant as revival bid faces doubts
Ford Motor Co on Wednesday said it was shutting down its oldest plant in Brazil later in the day as planned, with prospects for saving any of the jobs in doubt as talks with a potential buyer have fallen behind schedule. The plant, located in the industrial suburb of Sao Bernardo do Campo, produced buses and the Fiesta compact car, which sold poorly. Ford first announced it would shut down the plant in February, and said it had failed to find a buyer. …read more […]
Business News
Peugeot board gives a green light to FCA talks: source
The supervisory board of Peugeot maker PSA on Wednesday gave Chief Executive Carlos Tavares the go-ahead to pursue a $50 billion merger with Italy’s Fiat Chrysler Automobiles NV , a source familiar with the matter said, moving the companies closer to a deal that could transform the global auto industry.
Business News
PSA could help Fiat Chrysler modernize its vehicle platforms
A proposed merger between France’s Groupe PSA and Fiat Chrysler Automobiles would give FCA access to Peugeot’s more modern and flexible vehicle architectures, potentially enabling the combined companies to achieve lower costs through higher production volumes, a global auto analyst said on Wednesday.
Trading Ideas
Equinix: 3Q Earnings Snapshot
REDWOOD CITY, Calif. (AP) _ Equinix Inc. (EQIX) on Wednesday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations. The real estate investment trust, based in Redwood City, California, said it had funds from operations of $472.7 million, or $5.52 per share, in the period. …read more […]
Business News
Uber takes aim at ‘patchwork’ of ride share taxes in Illinois
Uber Technologies Inc on Wednesday sued a Chicago suburb over a new ride share tax, while calling on Illinois lawmakers to address the state’s “emerging patchwork” of taxation.
Trading Ideas
Hedge Funds Are Dumping Whitestone REIT (WSR)
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients’ money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […] …read more […]
Business News
Facebook beats on profit as cost growth slows; shares rise
Facebook Inc reported better-than-expected quarterly revenue on Wednesday and a rise in profit as growth in expenses slowed from a year earlier and the number of users ticked higher, assuaging investor fears of fallout from fierce scrutiny by regulators and lawmakers.
Trading Ideas
Lyft higher after house due to Q3 earnings
Lyft out with its Q3 results. Yahoo Finance’s Julia La Roche reports to Jen Rodgers, Myles Udland, and Dan Roberts. …read more […]
Business News
U.S. handling of tariffs raises appearance of ‘improper influence’: watchdog
Lack of transparency in the Commerce Department’s handling of steel and aluminum tariffs raised the appearance that certain companies may have had “improper influence” in the process, its internal watchdog said in a document made public on Wednesday.
Trading Ideas
The Fed cuts interest rates for third time this year, but indicates a pause ahead
Yahoo Finance’s Brian Cheung joins The Final Round live from Washington, D.C. to discuss the Federal Reserve’s latest rate cut, and what it means for the markets. …read more […]
Trading Ideas
Brazil president says he wants country to join OPEC
Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add the most significant new producer to the oil cartel for years but met with skepticism in Brazil’s energy industry. The comments come ahead of a massive auction of oil rights in Brazil, which is boosting output rapidly. OPEC membership would likely require Brazil to limit oil production, potentially throwing future expansion plans into doubt. …read more […]
Trading Ideas
Facebook Q3 Earnings, Revenue Beat Estimates
Yahoo Finance’s Jared Blikre joins ‘The Final Round’ to break down Facebook’s third quarter earnings report. …read more […]
Business News
U.S. Fed cuts interest rates, signals it is on hold
The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled there would be no further reductions unless the economy takes a turn for the worse.