Trading Ideas

(Bloomberg) — The growing movement to boycott Facebook Inc. by high-profile advertisers continued on Monday, though it doesn’t represent a major long-term risk to the social-media company’s stock, analysts said.A number of companies, including blue-chip firms Starbucks, Unilever and Coca-Cola, have said they would cut or cease spending on Facebook, while General Motors is reviewing how its brands are marketed on the social-media platform. The moves are aimed at pushing Facebook, which also owns Instagram and WhatsApp, to limit hate speech or posts with disinformation.Despite the lost revenue, “we do not expect significant risk to numbers” wrote Doug Anmuth, an …read more […]

Matthew Orton, Carillon Tower Advisers Portfolio Strategist, joins The First Trade to discuss how the markets are faring as cases of coronavirus prevent some states from the next stages of reopening. …read more […]

Yahoo Finance catches up with Beyond Meat founder and CEO Ethan Brown. …read more […]

Mike Ryan, UBS Wealth Management Americas Chief Investment Officer, Yahoo Finance’s Brian Sozzi and Jared Blikre to discuss the latest market action. …read more […]

(Bloomberg) — Even in the innovative world of electric vehicles, it’s an unusual proposition: Plunk down as much as $5,000 now to reserve the right in a few years to buy a battery-powered truck, before seeing a prototype or manufacturing plan to assure it’ll ever be built.That’s what Nikola Corp., the Phoenix-based company whose sudden stock surge has captured the attention of investors, is asking customers to do starting Monday. The reservations, which are refundable, take a page from Tesla Inc.’s playbook, but they require would-be vehicle buyers to take an even bigger leap of faith than Elon Musk ever …read more […]

(Bloomberg) — Leave it to power couple “Kimye” to revive a pair of tired U.S. companies.Kim Kardashian West and Kanye West, whose 2014 wedding created a celebrity powerhouse of influence, have each inked major deals in the past several days to grow their mass-market presence and snag a share of the average American shopper’s wallet.Coty Inc., owner of Max Factor and Covergirl, agreed on Monday to buy a 20% stake in Kardashian West’s beauty business for $200 million to develop skin, hair and nail products under the reality TV star’s brand. The news comes just days after her husband announced …read more […]

HP CEO Enrique Lores chats with Yahoo Finance about diversity and the future of the PC and printer maker. …read more […]

Gunmen opened fire outside the Pakistan Stock Exchange in Karachi on Monday. Though the high-profile attack ended without their getting into the building, WSJ’s Saeed Shah explains how it could set back Pakistan’s progress in showing the country is safe for foreign investors. Image: Fareed Khan/AP …read more […]

BP has agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe’s Ineos for $5 billion, pulling out of a sector widely seen as a key driver of oil demand growth in the coming decades. The surprise move means BP has hit its $15 billion asset sales target a year ahead of schedule as CEO Bernard Looney prepares the company for a shift to low-carbon energy. Looney acknowledged that the sale of the business, which employs 1,700 people and produced 9.7 million tonnes of petrochemicals last year, “will come as a surprise”. …read more […]

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(Bloomberg) — BP Plc agreed to sell its chemicals business to Ineos Group Holdings SA, taking a big step toward strengthening its finances while also furthering its transitioning away from being a traditional oil company.The transaction means BP hits its target of selling $15 billion of assets ahead of schedule, as the oil industry faces immense financial pressure from the coronavirus crisis. The company recently made its biggest write-off in a decade and said it would lay off 10,000 staff by the end of this year.The announcement comes just months after new Chief Executive Officer Bernard Looney set the London-based …read more […]

(Bloomberg) — Boeing Co. climbed after U.S. aviation regulators said they’d approved a critical set of test flights on the 737 Max to begin as soon as Monday, having reviewed the company’s safety assessment of fixes for the plane.The Federal Aviation Administration confirmed the start of the multiday program in an email to Congressional staffers on Sunday.“Over the past several weeks the FAA has been reviewing the system safety assessment submitted by Boeing,” the agency said in the email. “The FAA’s Type Inspection Authorization Board has completed its review, clearing the way for flight certification testing to begin.”Boeing jumped 8.3% …read more […]

Traveling on trains and buses means potential exposure to the coronavirus, so cities are racing to make their public transit systems safe. WSJ explores how things like sanitizing robots, working from home and expanded bike lanes are changing our commutes. Video/Illustration: Jaden Urbi and Zoë Soriano …read more […]

A lot of folks – hopefully, not you – won’t like the message below.
That’s a problem. We could even say it’s a “monumental” problem.
They won’t see the richness it could bring… the problems that it could solve… and how much simpler life would be if they just followed this simple advice.
You see, we were recently asked to take part in a documentary.
The topic is one we know quite well… money.
How do we make more of it? What’s it mean to us? What are we doing that other folks aren’t?
We joined more than three dozen other successful investors in the series. …read more […]

Jun.29 — Amy Pope of think tank Chatham House comments on President Donald Trump’s handling of the fresh spike in U.S. coronavirus cases and how it plays into the November election. She speaks on “Bloomberg Surveillance.” …read more […]