Business News
Saudi airline flyadeal won’t continue with Boeing 737 MAX order
Saudi Arabian budget airline flyadeal will not proceed with a commitment to order 30 Boeing 737 MAX jets, the planemaker said on Sunday.
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Business News
Exclusive: Greensill issued false statement on bonds sold by metals tycoon Gupta
Financing group Greensill Capital, which is backed by Japan’s SoftBank Group and General Atlantic of the U.S., last year provided a false statement to market participants relating to bonds it had issued in 2017 on behalf of commodities tycoon Sanjeev Gupta.
Business News
India’s PNB says detects 38 billion rupee fraud
India’s state-run Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd’s account to the country’s central bank.
Trading Ideas
Take a Look “Inside”
Editor’s Note: Chief Investment Strategist Alexander Green believes following insider buying is one of the best ways to invest.
Who would disagree? Company executives do all the heavy lifting for you!
Today, Research Analyst Matthew Makowski talks about the ins and outs of insider buying, what’s legal… and what isn’t. Alex makes following insider buying even easier for you in his VIP Trading Service The Insider Alert. The service tracks thousands of insiders… in particular, the “Wall Street Underground” who have never lost money trading their own companies.
And you can follow in their footsteps. See you on the inside!
– Donna DiVenuto-Ball, Associate …read more […]
Business News
Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise
Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp.
Business News
Exclusive: U.S. panel clears SoftBank’s $2.25 billion investment in GM’s Cruise
Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp.
Business News
Take Five: World markets themes – Losing interest
How low can you go? The coming week may tell whether the incessant plunge in global bond yields shows any signs of relenting.
Business News
Amazon founder Bezos’ divorce final with $38 billion settlement: report
Amazon.com Inc founder Jeff Bezos’ divorce from his wife of 25 years, MacKenzie Bezos, was finalized by a Seattle-area judge on Friday, paving the way for her to receive $38.3 billion worth of Amazon stock, Bloomberg reported.
Business News
Exclusive: U.S. panel okays SoftBank’s $2.25 billion investment in GM-linked self-driving firm
A U.S. national security panel on Friday approved a $2.25 billion investment by Japan’s Softbank in Cruise, a self-driving vehicle firm majority owned by GM, the unit told Reuters, signaling some leeway for investors with deep ties to China.
Business News
Buoyant U.S. stocks at odds with downbeat market signals
Even as record highs this week in the major U.S. stock indexes telegraph confidence on Wall Street, caution abounds in other U.S. markets, where falling bond yields and flailing small-cap stocks indicate investors are torn about where to place bets.
Business News
Warning light flashing for Slovakia’s auto industry
When David landed an assembly line job at Volkswagen’s Bratislava factory, his colleagues congratulated him on securing a well-paid position he could ride to retirement.
Business News
Wall Street dips as rate cut expectations relax
U.S. stocks dipped on Friday, as the S&P 500 snapped a three-day streak of record closes, following an unexpectedly strong U.S. payrolls report that led investors to reassess how dovish a stance the Federal Reserve may take at its next meeting.
Business News
Fugitive U.S. tech guru: Cryptocurrency is next Cuban revolution
On the run from U.S. tax authorities, tech guru John McAfee puffs a cigar aboard his towering white yacht in a Havana harbor and says he can help Cuba evade the U.S. government too – by launching a cryptocurrency that defeats a U.S. trade embargo.
Business News
U.S. job growth surges, July rate cut expectations intact
U.S. job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
Business News
Oil prices rise on Iran tensions, OPEC output cuts
Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies boosted prices, but mixed economic data limited the rally.