Business News
Boeing suspends load test for new 777X aircraft
Boeing Co on Saturday announced it had suspended load testing of its new widebody 777X aircraft as media reports said a cargo door failed in a ground stress test.
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Business News
Albertsons Companies joins supermarkets in changing guns policy
Supermarket operator Albertsons Companies said on Saturday it would ask customers not to openly carry firearms at its stores, joining an array of retailers and store chains this week who changed their gun policy in light of several mass shootings in the United States.
Business News
Boeing suspends testing of 777X aircraft
Boeing Co on Saturday announced it had suspended testing of its new widebody 777X aircraft as media reports said a cargo door failed in a ground stress test.
Trading Ideas
News Fix: Binance Gets Dollar-Backed Stablecoin Approved
Welcome to a special back to school edition of the News Fix! We’ve been on the road looking for new investment opportunities, so we’re changing up the look and feel of this week’s Fix. In honor of school starting up again (not to mention traffic getting worse and temperatures dropping), we’re presenting this week’s headlines (and weekend reading) syllabus style.
For each topic we cover, the news has been divided into must reads, quick reads and fun reads.
Enjoy!
Cannabis
Must Read
Marijuana industry cranking up the lobbying efforts: You know an industry is achieving legitimacy when Washington politicians and lobbyists are willing to take …read more […]
Trading Ideas
The Top 3 Airline ETFs to Watch
There are plenty of reasons to invest in airline ETFs. The airline industry is relatively undervalued, and with more people flying than ever before, the potential for growth is huge.
Roughly 44,000 flights take off every day in the U.S. And last year, U.S. airports serviced around 1 billion passengers. Internationally, that number is closer to 4 billion. With fares becoming more affordable, airlines are serving more passengers and posting bigger profits
The International Air Transport Association estimates the airline industry will net $35.5 billion in profit this year. They also project the number of passengers will increase to 8.2 billion by …read more […]
Business News
Roku targets UK as smart TV platform duel with Amazon hots up
Streaming company Roku, whose software runs one in three smart TVs in the United States, is turning to the British market as competition with Silicon Valley giant Amazon goes international.
Business News
U.S.-China trade conflict could take years to resolve: Kudlow
White House economic adviser Larry Kudlow said on Friday the United States wants “near term” results from U.S.-China trade talks in September and October but cautioned that the trade conflict could take years to resolve.
Business News
Exclusive: WeWork to press on with IPO launch despite valuation concerns – sources
WeWork owner The We Company plans to proceed with an investor roadshow for its initial public offering (IPO) as early as next week, braving concerns over the valuation it can achieve in a listing, people familiar with the matter said on Friday.
Business News
Spirit Airlines sales to take $25 million hit from Hurricane Dorian
Spirit Airlines on Friday cut its third-quarter outlook for a key revenue measure as it estimates an about $25 million hit on its sales, hurt by hundreds of flights cancellations due to Hurricane Dorian.
Trading Ideas
How Using Options Predicts Profits – Part 2
In yesterday’s Trade of the Day, we focused on how to calculate the move expected in a stock after its company releases earnings.
Here’s a refresher:
Take a look at the stock price and choose the options that have the closest expiration and the closest strike price to where the stock is trading. Do that for both put and call options.
Then add up the price of the put and the call, and divide that number by the current share price. That gives you a percentage approximating the move expected by the market.
As an example, take stock “X”…
Assume the shares for stock …read more […]
Business News
Wall St. barely gains after mixed U.S. jobs data
The S&P 500 and Dow industrials closed slightly higher on Friday as investors digested a mixed U.S. jobs report and bet on a Federal Reserve interest rate cut this month, while China’s stimulus plan helped ease some concerns around global growth.
Trading Ideas
Become the Shark… or Be Its Prey
Transcript
It’s time for a quarterly update on how badly people are doing saving for retirement. But I am shifting gears this quarter…
Rather than pointing out the shortcomings that we all know are part of our retirement situation, I’m going on the offensive and trying a different tactic… and having some fun while I’m at it.
Maybe you have seen the news stories about the increase in the number of great white sharks off Cape Cod. It seems an explosion in the seal population – the great white’s favorite meal – has been driving the number of big feeders and causing havoc …read more […]
Business News
The S&P 500 inches higher; Treasury yields dip after Powell remarks, jobs report
The S&P 500 posted a nominal gain and Treasury yields edged lower on Friday, as remarks from Federal Reserve chief Jerome Powell firmed interest rate cut expectations and China announced an economic stimulus package, both of which helped offset weaker-than-expected U.S. jobs data.
Business News
S&P, Dow eke out gains after U.S. jobs report
The S&P 500 and the Dow industrials closed slightly higher on Friday as investors digested a mixed U.S. jobs report and bet on a Federal Reserve interest rate cut this month while China’s stimulus plan helped ease some concerns around global growth.
Business News
Wall Street ekes out gains after mixed U.S. jobs data
Wall Street’s major indexes edged higher on Friday as investors digested mixed signals from the U.S. jobs report and bet on a Federal Reserve interest rate cut this month while China’s stimulus plan helped ease some concerns around global growth.