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Trading Ideas

How To Modernize the SEC

The Securities and Exchange Commission (SEC) is in serious need of reform. The agency isn’t fit to regulate the modern era of securities.
You want proof? Consider exchange-traded funds (ETFs).
The first ETF came on the market in 1993. There were more than 100 ETFs on the market nine years later and around 1,000 by 2009. Now there are more than 5,000 ETFs. ETF assets reached $2.1 trillion in 2015, according to Vanguard. And last week, the SEC finally issued a set of regulations just for ETFs.
It took 26 years for the SEC to get around to regulating ETFs as a unique …read more […]

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Business News

Huawei CFO’s phone passcodes were shared to Canada police in ‘error’: document

Canada’s border security agency admitted making an “error” while sharing passcodes of phones belonging to Huawei chief financial officer Meng Wanzhou with Canadian federal police, according to document filed as part of a hearing in a British Columbia court.

…read more […]

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Trading Ideas

The Market Tells Opioid Drugmakers to Settle Up

(Bloomberg Opinion) — The markets are sending a message to drugmakers facing opioid litigation: Settle up.Johnson & Johnson late Tuesday announced its first legal settlement over the pharmaceutical giant’s alleged role in spurring the opioid crisis, a modest $20 million deal with two Ohio counties. The agreement will see it avoid a risky trial later this month and the company’s stock rose as much as 3.6% in early trading. J&J’s deal came a day after a report that drugmakers may use Purdue Pharma’s bankruptcy as a model for a broader settlement, news that briefly boosted smaller companies including Mallinckrodt PLC, …read more […]

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Trading Ideas

Race Tightens Between EVs and ICE-Powered Cars

It was bound to happen eventually. I just didn’t think it would happen this quickly.
The electric vehicle industry has finally reached its tipping point.
The EV revolution cannot be stopped.
And I’m not the only one who thinks so.
Auto analyst Felipe Muñoz said 2018 was probably the peak of internal combustion engine (ICE) car sales. He predicts EVs will outsell ICE-powered vehicles by 2030.
Within the next decade, we can expect to see the beginning of the end for fossil fuel-powered vehicles. And in the same time frame, it may become comparable or cheaper to buy the average EV.
A Global Trend
After a slow …read more […]