Trading Ideas

(Bloomberg) — Asian stocks retreated after their biggest daily jump since June, and U.S. futures slipped after Wall Street notched a fresh record high, as the global rally in risk assets paused Friday.Treasury yields dipped and equity gauges dropped from Tokyo and Seoul to Sydney after news of further coronavirus infections on a cruise ship off Japan offered a reminder that cases remain on the rise. Shares were lower in Shanghai and Hong Kong. Confidence that the epidemic won’t derail the 2020 global expansion has helped put global shares on course for the best week since June. The dollar was …read more […]

(Bloomberg) — Japan found an additional 41 coronavirus cases on a quarantined cruise ship, while the number of infections on China’s mainland climbed to more than 31,000.Beijing ramped up efforts to contain the coronavirus that has claimed 636 lives in the country, while at the same time voicing strong objections as other countries place more restrictions on travelers.A Chinese doctor who was initially sanctioned for warning about the deadly Wuhan outbreak in early January has died, stoking fresh anger online at the Communist Party-led government. Read the full story here.Key DevelopmentsChina death toll at 636, an increase of 73, with …read more […]

With much of the cheap oil produced and U.S. shale nearing a peak, the world risks a major oil price spike which could end up triggering a financial crisis …read more […]

The deadly coronavirus is causing some multinational companies to feel the pain more than others, according to an analyst. …read more […]

(Bloomberg) — Legendary activist investor Paul Singer is taking on one of his most high-profile targets yet: Masayoshi Son.Singer’s Elliott Management Corp. has built a stake of close to $3 billion in SoftBank Group Corp., according to people familiar with the matter. The New York-based hedge fund believes SoftBank is one of the world’s most undervalued companies and could easily finance a share buyback of as much as $20 billion by trimming investments in companies like Alibaba Group Holding Ltd., Sprint Corp. and others.Elliott has held discussions with SoftBank’s leadership team including founder Son, the people said. The firm thinks …read more […]

(Bloomberg) — Royal Dutch Shell Plc will build its first large-scale solar farm as part of its plan to expand into power generation.Shell, which has set itself a goal to become the world’s top electricity producer by 2030, expects to complete the plant in Queensland, Australia, early next year. The facility will indirectly supply the company’s QGC liquefied natural gas export facility, reducing that project’s carbon footprint.“Solar is one of the building blocks of Shell’s power strategy,” said Greg Joiner, Vice-President for Shell Energy in Australia. “We are increasingly incorporating renewable energy into customer offers, as we have done here …read more […]

Casper became the latest startup to tap the public market with big dreams, but no profits. …read more […]

(Bloomberg) — Aurora Cannabis Inc., struggling with a cash crunch and a slumping stock price, announced the departure of its CEO, the termination of about 500 employees and a significant reduction in its credit facility.Chief Executive Officer Terry Booth, who founded the Canadian pot company in 2013, will retire but will remain a director on the board, the company said Thursday in a statement. He’ll be replaced on an interim basis by Executive Chairman Michael Singer.“I look forward to serving as interim CEO and executing on our short-term plans, which include a rationalization of our cost structure, reduced capital spending …read more […]

(Bloomberg) — Intercontinental Exchange Inc. Chief Executive Officer Jeff Sprecher spent almost 40 minutes explaining why the firm was interested in a tie-up with EBay Inc. Investors weren’t persuaded. Late Thursday, the owner of the New York Stock Exchange said it’s giving up the pursuit.“Based on investor conversations following today’s ICE earnings call, ICE has decided to cease exploring strategic opportunities with EBay,” the exchange operator said in a statement.EBay “was not interested” in a deal, Sprecher had told analysts on ICE’s earnings call earlier in the day. “Curiosity, and the fact that we know people there, led us to …read more […]

2019 marked a pivotal turning point for the pharmaceutical giant Continue reading… …read more […]

(Bloomberg) — The list of warning signs for the rally that pushed U.S. stocks to another record is growing longer.As the S&P 500 Index embarked on a torrid four-day advance, corporate executives and officers have stepped up selling shares in their own companies — so much so that there were five insider sales for every one buy, according to data compiled by Washington Service. That’s poised to be the highest since early 2017.Insiders have been stepping up the pace of sales all year, taking advantage of the S&P 500’s 12% rally since the end of September that pushed valuations toward …read more […]

Activision has been pushing for user engagement on its big-budget titles by offering free content, seeking to drive in-game monetization. “Call of Duty: Modern Warfare”, the best-selling game of 2019, according to data from research firm NPD, in December offered free content, including new multi-player maps. The mobile version of “Call of Duty”, launched in October, was installed over 150 million times, the company said. …read more […]

The coronavirus has infected roughly 28,000 people and killed more than 560 in mainland China. Yahoo Finance’s Seana Smith and Anjalee Khemlani and author of “China Learning Curve, Daniel Joseph discuss. …read more […]

Johnson & Johnson was ordered on Thursday by a jury in a New Jersey court to pay punitive damages of $750 million to four plaintiffs who allege that the company’s Baby Powder caused their cancer, according to a lawyer for the plaintiffs. J&J said the judge was planning on reducing the damages to $185 million. During an earlier phase of the trial, the jury held J&J liable for the plaintiffs’ cancers and awarded them $37.2 million in compensation. …read more […]

Bernie Sanders is now the Democratic front-runner. Markets need to notice. …read more […]