No Picture
Trading Ideas

UPDATE 1-Lyft follows Uber in suing NYC over cruising time caps

Lyft Inc, following its rival Uber’s move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, the company said on Saturday. “This rule is not a serious attempt to address congestion, and would hurt riders and drivers in New York,” Lyft spokesman Campbell Matthews said in a statement to Reuters. The “cruising cap” rule, implemented by the city’s Taxi and Limousine Commission (TLC), sets a 31% limit on how much time drivers of app-based vehicles may drive without passengers in Manhattan south …read more […]

No Picture
Trading Ideas

Is the World Economy Sliding Into First Recession Since 2009

(Bloomberg) — The global economy is wobbling and whether it topples over is the big question in financial markets, executive suites and the corridors of power.Investors cheered Friday as the U.S. struck a partial trade agreement with China and there were even signs the U.K. may strike a divorce deal with the European Union. But the debate over how close the world is to its first recession since 2009 may soon start swirling again.There will certainly be discussions this week at the International Monetary Fund’s annual meeting in Washington. Bloomberg Economics’ global GDP tracker shows the pace of expansion has …read more […]

No Picture
Trading Ideas

UAW boosts strike pay as GM walkout continues

The United Auto Workers union said Saturday it will boost strike pay for 48,000 hourly workers at General Motors Co by $25 a week to $275 as a strike against the largest U.S. automaker nears the end of its fourth week. Talks were continuing late Saturday afternoon to try to resolve the longest nationwide strike at GM since 1970, both sides said. The UAW also said it would allow members striking to take on part-time jobs without reducing their strike pay – as long as they perform picket-line duties. …read more […]

No Picture
Trading Ideas

Warren campaign challenges Facebook ad policy with 'false' Zuckerberg ad

U.S. Senator Elizabeth Warren’s Democratic presidential campaign this week challenged Facebook’s policy that exempts politician’s ads from fact-checking, by running ads on the social media platform containing the false claim that Facebook CEO Mark Zuckerberg endorsed President Donald Trump’s re-election bid. “Facebook changed their ads policy to allow politicians to run ads with known lies – explicitly turning the platform into a disinformation-for-profit machine. Facebook Inc’s policy has come under fire from another Democratic front-runner in the 2020 race. …read more […]

No Picture
Trading Ideas

Notable Insider Buys In The Past Week: Assured Guaranty, Red Rock Resorts, TerraForm Power

Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. TerraForm Power Inc (NASDAQ: TERP) 10% owner Brookfield Asset Management stepped up to the buy window this past week. Barclays said last week that it prefers other energy yieldcos to TerraForm Power. …read more […]

No Picture
Trading Ideas

Hedge Funds Have Never Been This Bullish On Pinterest, Inc. (PINS)

Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […] …read more […]

No Picture
Trading Ideas

Hedge Funds Are Selling Conagra Brands, Inc. (CAG)

Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […] …read more […]

No Picture
Trading Ideas

Is Okta, Inc. (OKTA) Going To Burn These Hedge Funds ?

Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […] …read more […]

No Picture
Trading Ideas

Did Hedge Funds Drop The Ball On Apollo Global Management, Inc. (APO) ?

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 Apollo Global Management, Inc. (NYSE:APO). Apollo Global Management, Inc. (NYSE:APO) […] …read more […]