Trading Ideas

No Picture
Trading Ideas

American Airlines warns flights may be more crowded in July

June 26, 2020 admin Comments Off on American Airlines warns flights may be more crowded in July

The announcement comes before a meeting between the chief executives of major U.S. airlines, including American, and senior U.S. officials, including Vice President Mike Pence, at the White House to discuss several virus-related travel issues. U.S. airlines are bleeding cash as travel suffers in the pandemic and have warned that capping the seats they sell on each flight to allow for more space between passengers is not something they can do forever. American was previously limiting its seating capacity at 85% on each flight, or roughly 50% of the main cabin middle seats. …read more […]

No Picture
Trading Ideas

Deutsche Bank’s Accounting Head Is Target of Wirecard Complaint

June 26, 2020 admin Comments Off on Deutsche Bank’s Accounting Head Is Target of Wirecard Complaint

(Bloomberg) — Deutsche Bank AG’s top accounting executive, Andreas Loetscher, and two ex-colleagues at his former firm Ernst & Young were targeted in a criminal complaint by a German retail investor association for their alleged role in the accounting scandal at Wirecard AG.The SdK association filed the claim against two unnnamed current partners of EY — which also audits Deutsche Bank’s accounts — and one former partner because of “the events around Wirecard,” according to a statement on Friday. That ex-partner is Loetscher, a person familiar with the matter said.Loetscher, a two-decade veteran at the accounting firm, oversaw the Wirecard …read more […]

No Picture
Trading Ideas

Hyliion IPO Announced via Tortoise Acquisition Merger

June 26, 2020 admin Comments Off on Hyliion IPO Announced via Tortoise Acquisition Merger

A Hyliion IPO is coming to the markets. The company announced a reverse-merger. This comes after the successful merger and public debut of rival Nikola. Now, investors want to know if Hyliion stock is the next big hit.
But is Hyliion a good investment? Here’s what we know…
Hyliion IPO: The Business

CEO Thomas Healy founded Hyliion (Hi-LEE-on) in 2015. Healy is a mechanical engineer and motorsports racer. His mission is to bring hybrid technology to tractor trailers. Hyliion is the industry leader in Class 8 electrification. This includes cement trucks, dump trucks and freightliners. Hyliion designs, develops and sells electrified powertrain …read more […]

No Picture
Trading Ideas

Wirecard’s Creditors Prepare for Battle Over Missing Billions

June 26, 2020 admin Comments Off on Wirecard’s Creditors Prepare for Battle Over Missing Billions

(Bloomberg) — The implosion of Wirecard AG in one of the biggest financial scandals in German corporate history leaves creditors who lent it as much as 3.2 billion euros ($3.6 billion) wondering if they’ll ever see their money again.The company filed for court protection from creditors on Thursday and there’s 1.9 billion euros missing from its balance sheet. Administrators face a long and complex task picking through the rubble of the first insolvency by a member of Germany’s main stock index.What comes next?The insolvency court in Munich needs to formalize the process and appoint an administrator. While the exact time …read more […]

No Picture
Trading Ideas

How to Get Richer Every Day

June 26, 2020 admin Comments Off on How to Get Richer Every Day

Of the hundreds of wealth-building strategies I’ve tried over the years, the best one was also the simplest: Make sure you get a little bit richer every day.
This thought occurred to me more than 30 years ago. I’d recently decided to become rich, and that decision had me reading and thinking about wealth building day and night.
I had daily fantasies of getting rich in all sorts of fancy ways. But deep down inside, I knew complicated strategies were not for me.
When it came to making money, I was extremely risk-averse. In the race to a multimillion-dollar retirement, I was a …read more […]