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GLOBAL MARKETS-Stocks climb on hopes for progress in trade; sterling edges up

Shares on world stock indexes mostly rose on Monday, as hopes for resolving the U.S.-China trade war pushed investors toward riskier assets, while the pound was near a 5-1/2-month high. The British parliament’s speaker refused to allow a vote on Prime Minister Boris Johnson’s Brexit divorce deal, suggesting Johnson faces further problems in the Brexit ratification. Investors in Asia earlier were boosted by comments on Friday by Chinese Vice Premier Liu He that Beijing will collaborate with the United States to address mutual concerns on the trade war. …read more […]

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Apple starts selling locally assembled iPhone XR in India

Apple Inc has started selling its popular iPhone XR phones assembled in India, as it looks to expand its share in the world’s second-largest smartphone market where it has struggled against cheaper products from rivals. The phones are being assembled at Chinese contract manufacturer Foxconn’s India factory, helping the Cupertino, California-based company avoid high levies on the import of fully-built devices as well as meet local sourcing norms for opening its own retail stores in India. IPhone XR boxes with an “Assembled in India” tag were seen on Monday in many of the country’s electronic product retailers, including …read more […]

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Here’s What Hedge Funds Think About Prospect Capital Corporation (PSEC)

Hedge funds are known to underperform the bull markets but that’s not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […] …read more […]

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Did Hedge Funds Drop The Ball On Pan American Silver Corp. (PAAS) ?

We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds’ top 3 stock picks returned 34.4% this year and beat the S&P […] …read more […]