Trading Ideas

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These are some of the best deals for Amazon Prime Day 2020. …read more […]

(Bloomberg) — Citigroup Inc. posted its biggest quarterly profit of the pandemic after reaping another windfall from trading bonds and expressing newfound confidence in the resilience of its loan book.Traders focusing on fixed income, currencies and commodities posted their best third quarter in eight years, while the firm set aside about $1.5 billion less for bad loans than what analysts had estimated. That helped the bank blunt the impact of regulatory costs and low interest rates.While the trading boon came from a surge in client activity that’s helped Wall Street banks throughout the pandemic, Citigroup’s provisions for loan losses marked …read more […]

Short seller, Hindenburg Research, published a report on its website Tuesday calling out plastics recycling company, Loop Industries, Inc. (LOOP), with claims that the company’s stated technology breakthroughs are “fiction.” …read more […]

Delta Air LInes reports 3Q earnings in which the company was able to cut its average daily cash burn to $24 million. …read more […]

(Bloomberg) — JPMorgan Chase & Co., in its third quarter under the shadow of the pandemic, showed that the surge in trading is holding up — and so are borrowers.The biggest U.S. bank posted a surprise increase in earnings, fueled by a 30% jump in markets revenue as elevated volume kept its stock and bond traders busy. The lender also defied expectations by cutting its reserve for credit losses by $569 million, after adding $20 billion to the allowance in the first half, as charge-offs of bad loans declined from a year earlier.Those improvements and a 9% gain in investment-banking …read more […]

JPMorgan kicks of third-quarter earnings season for the big banks. …read more […]

This article will reflect on the compensation paid to Patrick Mahaffy who has served as CEO of Clovis Oncology, Inc… …read more […]

Most folks aren’t aware of the collapse in timber prices, especially in the Deep South.
Most of us don’t get excited about economic collapses unless they involve things we own… and most trees are owned by farmers and ranchers who seldom make the news.
But if you’re a farm boy in Louisiana who grew up planting trees and hearing stories about a $5,000-per-acre cash-in when you grow up, you’d be pretty devastated at this turn of events.
The collapse has many reasons. The biggest by far is a glut of lumber. One million fewer homes per year have been built since 2007.
Single-family homes …read more […]

The company, which is expected to report third-quarter results on Oct. 21, cut the price to $71,990 from $74,990 in the United States. Tesla said it delivered 139,300 vehicles in the third quarter, an all-time record, yet shares fell as some analysts doubted if Tesla could hit its ambitious year-end target. …read more […]

Top news and what to watch in the markets on Tuesday, October 13, 2020. …read more […]

This article will reflect on the compensation paid to D. Warren East who has served as CEO of Rolls-Royce Holdings plc… …read more […]

(Bloomberg) — Oil edged higher as data showed Chinese crude imports rose last month.Futures in New York rose around 1.3% toward $40 a barrel. Chinese crude imports climbed 2.1% in September from August, the General Administration of Customs said Tuesday, in a positive sign for global demand. Buying was resilient against expectations for a slowdown and volumes are likely to stay high through to the end of the year, Australia & New Zealand Banking Group Ltd. said in a note.The data underscore China’s role in the oil market’s recovery as a renewed coronavirus spread impinges on the rebound in consumption …read more […]

The European Union is set to win the right to impose tariffs on about $4 billion in U.S. goods in retaliation for subsidies granted to planemaker Boeing under a World Trade Organization (WTO) ruling due on Tuesday. The decision threatens to stoke transatlantic trade tensions with just three weeks until the U.S. presidential election on Nov. 3, although it could also help at last to settle a 16-year legal battle. Both the United States and the EU have signalled interest in settling the dispute over subsidies each provided to their respective planemakers, Boeing and Airbus, while accusing the …read more […]

(Bloomberg) — HSBC Holdings Plc was left off the list of banks arranging China’s sovereign dollar debt sale for the first time since the nation returned with big annual deals in 2017.Planned for this week, the $6 billion sale will be arranged by 13 banks, including four Chinese lenders and foreign banks such as Bank of America Corp., Citigroup Inc. and Standard Chartered Plc, according to people familiar with the matter who asked not to be named discussing a private information. The Ministry of Finance didn’t immediately respond to a fax seeking comment.The reason for HSBC’s omission was unclear, but …read more […]