Trading Ideas

China’s top electric vehicle battery maker CATL said on Monday it has signed a battery supply agreement with Tesla . Tesla will determine the battery purchase volume between July 2020 and June 2022, according to its own needs, CATL said in a stock exchange filing, adding the agreement does not impose restrictions on Tesla’s purchase volume. …read more […]

Feb.02 — China has pledged support for its financial markets that are scheduled to reopen Monday following the extended Lunar New Year break as the coronavirus outbreak shows no signs of slowing. Selina Wang reports on “Bloomberg Markets.” …read more […]

Troubled retail chain Forever 21 has reached an agreement to be sold to a group that includes mall owners Simon Property Group and Brookfield Property Partners and brand management company Authentic Brands Group. …read more […]

(Bloomberg) — Chinese oil demand has dropped by about three million barrels a day, or 20% of total consumption, as the coronavirus squeezes the economy, according to people with inside knowledge of the country’s energy industry.The drop is probably the largest demand shock the oil market has suffered since the global financial crisis of 2008 to 2009, and the most sudden since the Sept. 11 attacks. It could force the hand of the OPEC cartel, which is considering an emergency meeting to cut production and staunch the decline in prices, which are headed for the lowest close in a year.China …read more […]

(Bloomberg) — U.S. stock futures rebounded as investors took solace in emergency stimulus by China’s government, speculating it would calm two weeks of volatility in global markets spurred by the coronavirus outbreak.March contacts on the S&P 500 rose 0.3%, while futures on the Nasdaq 100 added 0.2% as of 6:01 p.m. in New York. The moves come as Chinese markets prepare to reopen after a holiday break that saw losses spiral in equities and commodities, and Treasury yields fall to five-month lows.Over the weekend, China’s central bank said it will supply a net $21.7 billion to money markets while advising …read more […]

The week’s best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Image: David Cliff/Zuma Press …read more […]

Energy stocks are getting hammered following a slew of poor earnings reports of the oil majors, with upstream, refining and petrochemicals segments suffering the most …read more […]

They lost on substance and the politics. Image: Stefani Reynolds/Zuma Press …read more […]

Democrats start separating the wheat from the chaff. Image: Al Drago/Bloomberg …read more […]

(Bloomberg) — Traders braced for the reopen of mainland Chinese markets on Monday, with stocks across the Asia Pacific region set for further declines as the deadly virus outbreak showed no signs of slowing.Futures indicated declines in Tokyo, Hong Kong and Australia after the S&P 500 Index on Friday slumped 1.8%. Investors are also assessing intervention from China’s central bank, which is providing more than $21 billion of liquidity in a bid to support markets and its economy. Among the weekend’s coronavirus developments, a man died in the Philippines in the first fatality outside China.The offshore yuan was steady early …read more […]

The Americas: The Maduro regime is reportedly pressuring stores in Venezuela to accept the government’s new digital currency, the petro, despite its dubious value. Image: Cristian Hernandez/Shutterstock …read more […]

(Bloomberg) — Fresh from their worst month since August, emerging-market stocks and currencies are headed for more tumult as investors weigh the economic shocks from the coronavirus outbreak.Investors are bracing for a selloff in Chinese stocks and bonds when the mainland’s financial markets reopen on Monday for the first time since Jan. 23 after the extended Lunar New Year holidays. Even a slew of measures from the nation’s regulators to shore up the financial system — including a money-market injection that will probably total 150 billion yuan ($21.7 billion) on a net basis on Monday — won’t be enough to …read more […]

China has taken steps to limit short-selling activities as the country’s financial markets prepare to reopen on Monday amid an outbreak of a new coronavirus, three sources with direct knowledge of the matter told Reuters. The sources said China Securities Regulatory Commission (CSRC) had issued a verbal directive to brokerages including Citic Securities Co. and China International Capital Corp. to bar their clients from selling borrowed stocks on Feb. 3. It was not clear if the suspension — which was first reported on Sunday by Chinese media outlet 21st Century Business Herald — would be extended beyond …read more […]

While the urban world is talking about the power and promise of 5G, much of rural America is still having trouble getting online. …read more […]

The retail industry has had to adapt to a new paradigm since the turn of the century. The rise of e-commerce has changed the way consumers shop, with brick-and-mortar stores finding it difficult to compete with the ease of online shopping. For these names, it comes down to the reigning mantra of adapt or die.Investment firm Needham recently surveyed its shopping basket of retail stocks under coverage in order to reassess how they look going into the year ahead. “We favor companies with strong secular tailwinds, those with discounted valuations that can benefit from self-help, and premium brands with pricing …read more […]