Trading Ideas

(Bloomberg) — Oil refineries owned by Citgo Petroleum Corp. and Phillips 66 in Louisiana may be facing many more weeks of downtime as they wrestle with the loss of power and damage related to Hurricane Laura’s assault on the area last week.Citgo has assessed the damage to its Lake Charles refinery, which has a capacity of 418,000 barrels a day, as moderate to severe, according to the Louisiana Department of Environmental Quality. Phillips 66 told the department the damage to its 260,000 barrels-per-day refinery is mild to moderate.Extended downtime for the two refineries, which represent about 4% of U.S. crude …read more […]

Bill Gates is using his recent popularity to advocate for electric vehicles, climate change and other things beyond just coronavirus treatments and vaccines. In his latest blog post, he rather snubbed Tesla by naming four of its competitors but avoiding Tesla (TSLA). Bill Gates on electric vehicles… He reminded readers of one of his other recent blog […] …read more […]

Caleres, Inc. (NYSE:CAL) stock is about to trade ex-dividend in 4 days. You will need to purchase shares before the… …read more […]

(Bloomberg Opinion) — A refrain I’ve heard a lot these past six months is how great it’s been not to have to travel. People who were frequent fliers before the pandemic usually add that they now realize that, thanks to Zoom and its rivals, a lot of travel isn’t truly necessary anymore. Maybe some of it never was.Yes, lawyers need to conduct trials in person — but it’s a waste of time and money to fly across the country for, say, a one-hour scheduling conference. Sales representatives might need to fly to a client’s location to close a deal, but …read more […]

Is a Bumble IPO coming to the market? Rumors say it is. According to sources, the company is talking to banks about going public. And it’s hoping to raise its value beforehand.
But is Bumble stock a good investment opportunity? Here’s what we know…
Bumble IPO: The Business

Tinder co-founder Whitney Wolfe Herd founded Bumble in 2014. Bumble is a location-based dating app. Users are able to swipe on potential matches and match if both people swipe right. However, the woman must message first. The idea is to challenge social norms of heterosexual relationships and empower women. For same sex relationships, either party …read more […]

Readers hoping to buy Automatic Data Processing, Inc. (NASDAQ:ADP) for its dividend will need to make their move… …read more […]

For all we study and talk about the market, in many ways it remains a mystery. …read more […]

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ByteDance founder Zhang Yiming has long positioned himself as a global internet entrepreneur, largely eschewing Chinese government involvement, but U.S. demands to sell his crown jewel TikTok are testing the boundaries with Beijing. A year ago, ByteDance was approached by the Chinese government with offers of help when TikTok, a short-video app with a huge following among young people globally, faced political heat in India, a source familiar with the situation told Reuters. …read more […]

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The trades were revealed just as Wall Street’s runaway technology-led rally was faltering. In August, SoftBank Chief Executive Masayoshi Son had announced a new investment management subsidiary that would park excess cash from a massive asset sale program in liquid stocks. In total, SoftBank injected roughly $4 billion building up stakes in Amazon.com Inc , Netflix Inc , Tesla Inc , Microsoft Corp and Alphabet Inc , according to regulatory filings. …read more […]

Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group’s mammoth initial public offering of up to $30 billion, two people with direct knowledge of the matter said. Ant, backed by Chinese e-commerce giant Alibaba Group , plans to list simultaneously in Hong Kong and Shanghai, in what sources have said could be the world’s largest IPO and come as soon as October. Wall Street major Goldman Sachs has been hired as a joint lead manager on the Hong Kong leg of the IPO, said the people, who …read more […]

The decision by S&P Dow Jones Indices is a blow to Tesla investors who widely expected the company to join the benchmark stock index after a blockbuster quarterly report in July cleared a major hurdle for its potential inclusion. S&P Dow Jones Indices said in a statement it was adding online craft seller Etsy , semiconductor equipment maker Teradyne and pharmaceutical technology company Catalent to the S&P 500, effective Sept. 21, and removing H&R Block , Coty and Kohls . …read more […]

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