Trading Ideas

Nassim Nicholas Taleb, author of the bestsellers “The Black Swan” and “Fooled By Randomness,” is optimistic about cryptocurrencies. “You cannot ignore the cryptocurrencies, particularly the bitcoin story and blockchain,” Taleb said at Times Networks’ India Economic Conclave on Tuesday.The post Bitcoin is ‘winning;’ currency without government is ‘great,’ says Nassim Taleb appeared first on The Block. …read more […]

The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But in contrast you can… …read more […]

It is a pleasure to report that the BerGenBio ASA (OB:BGBIO) is up 55% in the last quarter. But that is minimal… …read more […]

The mine boasts one of the world’s richest deposits of rare earths, crucial components of everything from iPhones to weapons systems. Hints this year by China that it could cut off rare earths exports to the United States as a trade war raged between the two countries sparked a U.S. scramble for new supplies – and sent Lynas shares soaring. As the only non-Chinese company thriving in the rare earths sector, Lynas shares have gained 53% this year. …read more […]

European indexes fell in early trading Tuesday following a rally on Wall Street spurred by strong Chinese economic data that sent the major indexes to record highs and carried into Asian markets. Markets got a big boost in confidence after the U.S. and China announced a long-awaited “Phase 1″ trade deal. In return, China promised to ramp up its purchases of U.S. agricultural, energy and other goods and to stop forcing U.S. companies to turn over technology as a condition of doing business in that country. …read more […]

Teachers, doctors, lawyers and workers at the Eiffel Tower — people from across the French workforce walked off the job Tuesday to resist a higher retirement age, and to preserve a welfare system they fear their business-friendly president wants to dismantle. Commuters and tourists faced a 13th straight day of traffic headaches as train drivers kept up their strike against President Emmanuel Macron’s overhaul of a pension system that allows them to retire as early as their 50s. Hospitals requisitioned workers to ensure key services Tuesday, as nurses, doctors and pharmacists went on strike to save a once-vaunted …read more […]

Dec.17 — In Paris, PSA Group directors are meeting to review the terms of the carmaker’s proposed merger with Fiat Chrysler Automobiles NV. Bloomberg’s Caroline Connan reports on “Bloomberg Markets: European Open.” (Adds full company names in headline and description.) …read more […]

Shares in European aerospace group Airbus rose on Tuesday, after archrival Boeing said it would suspend production of its best-selling 737 MAX jetliner in January. Airbus shares were up 1.6% in early trading while those in French aerospace company Safran, a supplier to Boeing, were down 2.1%. On Monday, Boeing said it would suspend production of its best-selling 737 MAX jetliner in January, as the fallout from two fatal crashes of the grounded aircraft drags on into 2020. …read more […]

Spain’s Telefonica plans to drastically reduce the amount of equipment it buys from Chinese technology giant Huawei [HWT.UL] for the core of its next-generation mobile networks in Europe, its Chief Technology and Information Officer (CTIO) said. Choosing manufacturers for network equipment has become a political hot potato since Washington imposed an export ban on Huawei, the global market leader, but Telefonica’s shift away was “a purely technical decision”, CTIO Enrique Blanco said. Until now, Telefonica has relied entirely on Huawei for its core 4G networks in key markets of Spain and Germany, but under the new strategy, this …read more […]

(Bloomberg) — Bankrupt utility giant PG&E Corp. has removed from its $13.5 billion settlement with wildfire victims the requirement that California Governor Gavin Newsom sign off on its restructuring plan.PG&E reached an agreement with representatives of the victims of fires ignited by its equipment to eliminate the provision after Newsom said last week that the power company’s proposed reorganization plan doesn’t comply with state law.San Francisco-based PG&E announced the decision Monday night, less than a day before it was required by the fire victims deal to respond to Newsom’s rejection and address his concerns. The governor had described the utility’s …read more […]

Boeing, which builds the 737 south of Seattle, said it would not lay off any of the roughly 12,000 employees there during the production freeze. “We estimate that Boeing is burning nearly $2 billion per month on the MAX but this will not drop to zero during the halt,” JPMorgan analysts said in a note to clients. Analysts at Jefferies estimated a cash burn of more than $730 million a month. …read more […]

The following are some of the key steps that U.S. Federal Aviation Administration (FAA) chief Steve Dickson said still need to take place before he approves the 737 MAX to return to the skies. ** A certification test flight with Boeing’s 737 MAX updates on flight-control software and other revisions meant to add layers of protection. ** An evaluation of pilot training needs by a Joint Operations Evaluation Board, made up of the FAA’s Flight Standardization Board and partners from Canada, Europe, and Brazil. …read more […]

Boeing has come under criticism from regulators, suppliers and airlines for providing what have turned out to be unrealistic estimates for the 737 MAX returning to service. It needs regulators led by the U.S. Federal Aviation Administration (FAA) to approve a software fix to an anti-stall system linked to both crashes as well as the approval of new pilot training materials. …read more […]

The message to Boeing Co. from the Federal Aviation Administration was clear: The grounded 737 Max won’t get approval to fly again anytime soon. Boeing announced Monday that it will suspend production of the Max starting sometime in January, with no specific date for when the Renton, Washington, plant will be restarted. The company said it won’t lay off any of the factory’s 12,000 workers “at this time,” and many could be diverted to plants elsewhere in the Seattle region. …read more […]

Australia’s banking regulator will use its increased investigative powers for the first time to examine whether Westpac Banking Corp directors and executives broke the law as part of the bank’s money laundering scandal. Westpac will be required to hold an extra A$500 million ($339 million) in capital after the Australian Prudential Regulatory Authority (APRA) announced an investigation into the bank’s alleged money laundering breaches. Westpac shares were down 1.2% in early afternoon trade on Tuesday, while the broader ASX200 was 0.1% higher. …read more […]