Trading Ideas
Why Amarin Corporation Skyrocketed 23.9% in August
Market-moving data for its only commercial-stage drug is on deck. …read more […]
Articles by Editor
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One of China's richest men was arrested in the US on sexual misconduct allegations, then left the country (JD)
Liu Qiangdong, the founder and CEO of Chinese e-commerce giant JD.com was arrested in Minneapolis over the weekend. Liu has not been charged with anything, and went back to China afterward. China’s foreign ministry said it is looking into the matter. …read more […]
Business News
Danone CEO to sit on Carrefour’s healthy food advisory committee
Carrefour , Europe’s largest retailer, said on Monday that the head of yogurt maker Danone will sit on a food advisory committee the supermarket group is setting up as it seeks to boost sales of organic products.
Trading Ideas
Is China’s $26 Trillion New Silk Road A Debt Trap?
China’s huge $26 trillion Belt and Road project is facing headwinds as Asian and African governments are struggling with mounting debts …read more […]
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Weak pound, higher commodity stocks boost FTSE
The UK’s top share index rose on Monday, starting September on a stronger note as a weaker pound and a bounce across commodity stocks helped British equities outperform continental peers. The blue chip FTSE 100 (.FTSE) index was up 1 percent at 7,504.60 points at its close, while mid caps (.FTMC) were flat in percentage terms. A rise in oil stocks contributed more than 21 points to the FTSE 100, the biggest sectoral boost to the index. …read more […]
Trading Ideas
Why DexCom Soared 51.8% in August
Growing demand in the wake of next-generation diabetes devices sparked optimism. …read more […]
Business News
Retailer TFG’s London business may face hit from House of Fraser collapse
South African clothing and homeware retailer The Foschini Group (TFG) said on Monday its London business would be likely to incur some bad debt write-offs as a result of the collapse of House of Fraser.
Business News
Britain’s TSB hit by another IT glitch, angering some customers
Britain’s TSB was hit by another technology glitch on Monday, the latest since a botched IT upgrade in April resulted in one of the country’s worst banking outages.
Trading Ideas
3 Stocks the World's Best Investors Are Buying Right Now
Why these billionaire investors are betting on trucking, telecom, and airline stocks. …read more […]
Trading Ideas
Saudi Oil Income Could Reach $161B This Year
Saudi Arabia could earn some $30 billion more than budgeted from crude oil sales according to a local financial services provider …read more […]
Business News
On Labor Day, Trump hits back at largest union leader
U.S. President Donald Trump on Labor Day hit back at Richard Trumka, president of the United States’ largest federation of labor unions, after Trumka said on Sunday that the president’s policies had hurt American workers.
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Sherwin-Williams Hits New High: What's Driving the Stock?
Upbeat prospects of the Valspar buyout along with aggressive cost control initiatives, have contributed to the rally in Sherwin-Williams’ (SHW) shares. …read more […]
Business News
JD.com CEO returns to China after arrest in U.S. sexual misconduct case
The CEO of JD.com Inc , Richard Liu, has returned to China, the Chinese e-commerce giant said on Monday, days after he was arrested by police in the U.S. city of Minneapolis on suspicion of criminal sexual conduct and later released.
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Lawyer for JD.com CEO says does not expect charges to be brought
A lawyer for JD.com Inc CEO Richard Liu, who was arrested on suspicion of criminal sexual misconduct in the U.S. state of Minnesota and later released, said on Monday that Liu denies any wrongdoing, and also said he does not expect charges to be brought against his client. Earl Gray, a Minnesota-based lawyer, said Liu was released without charges or a bail requirement, and was able to return to China, where the e-commerce firm is based. “Under these circumstances based on our substantial experience in the criminal justice system in Minnesota charges are highly unlikely in the future …read more […]
Business News
Lawyer for JD.com CEO says does not expect charges to be brought
A lawyer for JD.com Inc CEO Richard Liu, who was arrested on suspicion of criminal sexual misconduct in the U.S. state of Minnesota and later released, said on Monday that Liu denies any wrongdoing, and also said he does not expect charges to be brought against his client.