Trading Ideas

(Bloomberg) — With China’s economy in free fall and millions of small businesses running low on cash, the online lending platform backed by billionaire Jack Ma entered crisis mode.It was mid-February, near the peak of China’s coronavirus outbreak, and MYbank had to decide whether to reduce its exposure or keep doling out loans. After a two-day marathon of calls and emails from self-isolation, the firm’s executives agreed with 25 partner banks on a potentially risky strategy: cut interest rates and turn on the credit taps like never before.MYbank is now on track to issue a record 2 trillion yuan ($282 …read more […]

The San Francisco-based bank has received “formal and informal inquiries from federal and state governmental agencies regarding its offering of PPP loans,” it said in a regulatory filing without elaborating. Wells Fargo faced a string federal investigations for most of the last three years after a sales practices scandal erupted in 2016. It wrapped up the last major probe into the issue in February, in a $3 billion settlement with the Department of Justice and Securities and Exchange Commission.Small businesses have filed lawsuits against U.S. banks including Wells Fargo, JPMorgan Chase & Co and Bank of America …read more […]

Drugmaker AbbVie Inc has won U.S. antitrust approval to buy Botox maker Allergan , a blockbuster $63 billion deal when it was announced last year, the companies said on Tuesday. AbbVie, which has been under pressure to diversify its portfolio, said in June 2019 that it would acquire Allergan in a deal that gives AbbVie control over the lucrative wrinkle treatment Botox and buys time to seek new growth before its arthritis treatment Humira loses U.S. patent protection in 2023. The combined AbbVie and Allergan will be based in AbbVie’s home of North Chicago. …read more […]

test 123
The post test push to IU appeared first on Investment U. …read more […]

Oil prices fell on Wednesday, ending a multi-day streak of gains, as investors focused on oversupply risks after U.S. crude inventories rose more than expected amid a slump in demand caused by restrictions to halt the coronavirus spread. U.S. West Texas Intermediate (WTI) crude futures fell as much as 2.1% to $24.05 a barrel and were down 14 cents at $24.41 a barrel at 0201 GMT. Brent crude futures were flat at $30.97 a barrel. …read more […]

(Bloomberg) — Oil’s rally ran out of steam — after prices doubled over five days — as optimism that output cuts are easing the supply glut was balanced by trepidation over what promises to be a long and uncertain recovery.Futures in New York fell toward $24 a barrel in Asian trading after surging 20% on Tuesday to close at the highest level in almost a month. Diamondback Energy Inc. and Parsley Energy Inc. became the latest U.S. drillers to cut production in the country’s biggest shale fields, although they said they would consider restoring output if prices rose above $30 …read more […]

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]

…read more […]

Editor’s Note: Today, organizations around the world are celebrating #GivingTuesdayNow – a day of giving that hopes to rise to the needs of communities that are fighting COVID-19.
On this special day, Wealthy Retirement‘s publisher, The Oxford Club, would like to invite you to join us in protecting one of the world’s most vulnerable communities from the effects of the deadly virus.
You may have heard us mention The Roberto Clemente Health Clinic as an organization that’s near and dear to our hearts. This clinic supports Nicaragua’s southwestern coastal communities with medical care, education and outreach. And today, it needs our help …read more […]

It is no secret, US airplane giant Boeing (BA) has suffered badly at the hands of COVID-19, with one piece of bad news following the other. But with Boeing shares still down by 60% year-to-date, might now be the right time to pull the trigger on BA stock?Not quite, says Canaccord’s Kenneth Herbert. The 5-star analyst believes there are too many variables to consider and expects Boeing’s commercial services business to drop by more than 50% in 2Q20 and “likely at very depressed levels for the rest of 2020.”It should come as no surprise, then, that Herbert rates Boeing shares …read more […]

Monopoly was first published by Parker Brothers in 1935.
That was 85 years ago…
And yet it’s still accurately predicting the moves in today’s stock market.
As crazy as it sounds… it’s 100% true.
How on earth can this be possible?
I explain it all for you in this week’s installment of Trade Talk Tuesdays.
Be prepared to have your mind blown.
Check it out by clicking the play button below!

For instructions on how to play picks like this, join me in The War Room!
The post This 85-Year-Old Board Game Is Still Predicting Market Moves appeared first on Investment U. …read more […]

(Bloomberg) — Norwegian Cruise Line Holdings Ltd. sold a larger-than-expected $675 million of junk bonds that have a pledge on the company’s vessels and islands as it seeks to raise as much as $2 billion from a broader financing to survive the travel industry shutdown.The cruise line operator priced the four-year secured bonds, which were increased from $600 million, at a coupon of 12.25% and a discount of 99 cents on the dollar for an all-in yield of 12.575%, according to people with knowledge of the transaction. The bond was earlier offered with a coupon of 12.25% to 12.5% with …read more […]

After Elon Musk tweeted he was “selling almost all [my] physical possessions,” to his 33.6 million Twitter followers late last week, many chalked up the bold pledge as par-for-the-course blustering from the full-time Twitter troll and tech tycoon.But now it appears the Tesla and SpaceX chief was actually quite serious. He’s already listed two of his six homes in L.A.’s Bel Air neighborhood, asking $30 million for his longtime main residence and $9.5 million for a much smaller home across the street, which was previously utilized as a private schoolhouse for his children. Both homes are listed as “for sale …read more […]

On Tuesday, shares of rental car company Hertz fell more than 14% after it disclosed that it received approval from its lenders to continue negotiations through May 22 to “develop a financing strategy and structure that better reflects the economic impact” of COVID-19. …read more […]

Disney reported its 2020 Q2 earnings on Tuesday, and the closure of its parks was in focus. Shanghai Disneyland will reopen May 11, but the rest of the parks remain shuttered. …read more […]