Trading Ideas

Shares of Yes Bank Ltd surged 19% on Thursday on a report that the Indian government has approved a plan for top lender State Bank of India to lead a consortium that will buy a stake in the troubled private-sector bank. Yes Bank and SBI did not immediately respond to Reuters’ request for comment. Yes Bank has struggled to raise capital it desperately needs to stay above regulatory requirements as it battles high levels of bad loans due to its exposure to troubled sectors. …read more […]

(Bloomberg) — Asian stocks extended a global equity rally after an emergency U.S. spending bill to combat the impact of the coronavirus added to signs of support from policy makers around the world. Treasuries edged higher and U.S. stock futures gave back some of Wednesday’s gains.Equities saw modest gains across the region with the Asian benchmark set for a fourth day of advance. S&P 500 futures slid as California called a state of emergency due to the virus. The underlying gauge Wednesday surged more than 4% in the wake of Congress authorizing nearly $8 billion for virus prevention. The Bank …read more […]

(Bloomberg) — One of Silicon Valley’s most highly prized engineers filed for bankruptcy after Google won a $179 million award against him over his defection to Uber Technologies Inc.Anthony Levandowski’s understanding of self-driving cars spawned multimillion-dollar bidding wars for his talent, but he got caught between the companies’ fierce competition in the race to own the technology.Financial and legal liabilities that had steadily mounted for years finally proved too much when a San Francisco state judge refused Wednesday to release Levandowski from an award that Google won in arbitration over his violation of an agreement to not poach employees.The ruling …read more […]

The U.S. death toll from coronavirus infections rose to 11 on Wednesday and California Governor Gavin Newsom declared a statewide emergency amid the nation’s largest outbreak. Facebook Inc had said earlier this week it would not participate in the festival. The South by Southwest music and tech festival, set to be held in Austin, Texas, had said last month the event will proceed as planned despite “a handful” of cancellations related to the virus. …read more […]

(Bloomberg) — India’s central bank kept amassing dollars all through 2019, ending the year with Asia’s biggest jump in foreign-exchange reserves. That may come in handy now.Authorities may deploy some of the stockpile to steady the rupee, which has tumbled more than 2% over the past week as more locals are diagnosed with the coronavirus. The currency is the worst performer in Asia this month after having escaped relatively unscathed in February when most regional peers were hit by the contagion.“The RBI has big firepower at its disposal in the form of FX reserves and can easily arrest the rupee’s …read more […]

Last week, US stocks dropped firmly and settled in the connection territory as threat from the coronavirus pandemic wreaked havoc among investors. The Dow Jones Industrial Average plunged by 9.13% between February 23 and February 28, recording the biggest two-day point decline in history on Tuesday and Wednesday. The S&P 500 lost 8.24% and the […] …read more […]

(Bloomberg) — Concerns over the coronavirus are putting an end to some of the biggest business conferences of the year. International Business Machines Corp. is the latest to cancel its main annual event, which was scheduled to draw some 30,000 people to San Francisco in May.IBM said Wednesday it will instead stream video and other online content in place of the in-person convention for IBM Think 2020. The company also said it’s adopting stricter travel requirements for employees. That includes the suspension of all domestic travel for internal meetings, a ban on attending external events with more than 1,000 attendees …read more […]

One of the things that has attracted me to Aurora Cannabis (ACB) for some time has been its decision to forego giving up control of the company as Canopy Growth (CGC) has done, which eventually resulted in Constellation Brands taking control of Canopy, while changing its business model.With Aurora under pressure because of the problems associated with the Canadian cannabis market, especially the snails pace of awarding licensing and opening retail outlets, resulting in too much supply because Aurora and others had based production capacity built-out, to a major degree, on hundreds more stores being opened by now.In this article …read more […]

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The former head of Uber Technologies Inc’s self-driving technology unit, Anthony Levandowski, filed for bankruptcy protection on Wednesday, shortly after a court confirmed that he must pay $179 million to Google to end a legal battle over his split from the Alphabet Inc unit. Levandowski, who had been a key engineer in Google’s self-driving project, and colleague Lior Ron engaged in unfair competition and breached their legal obligations by starting a rival company and bringing over Google employees, an arbitration panel ruled in December. …read more […]

Health care sector gets boost following ‘Super Tuesday’ and coronavirus funding Continue reading… …read more […]

Amazon has been fighting against price spikes from third-party sellers after the company’s own supplies ran out. The fluctuations have been wild. …read more […]

With interest rates careening lower, high yields become even more enticing.
So it’s understandable that investors would be excited about an 11.3% yield. But should SFL Corp. (NYSE: SFL) shareholders expect to continue to receive that juicy yield in the future?
SFL owns and operates 80 tankers, bulkers and other shipping vessels. Currently, its ships are in the waters off six continents.
The company’s cash flow finally turned in the right direction last year. After several years of free cash flow below $100 million, SFL burned through nearly $1 billion in 2018 thanks to the purchase of vessels.
In 2019, however, it righted the …read more […]

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