Trading Ideas

(Bloomberg) — Andre Desmarais and Paul Desmarais Jr. are stepping down as co-chief executive officers of Power Corp. of Canada as part of a massive reorganization at one of the country’s largest financial services firms.The Desmarais brothers, sons of the founding family that runs the Montreal-based firm, will stay on as chairman and deputy chairman. Jeffrey Orr, current CEO of the Power Financial business, takes the top job at a new entity combining the two main units of the insurance and asset management company, according to a statement Friday.As part of the reorganization, Power Financial shareholders will receive 1.05 Power …read more […]

(Bloomberg Opinion) — Christmas as we know it today got its start in the pages of Salmagundi, a short-lived early-1800s precursor to Mad magazine and the Onion that was billed as “The Whim-whams and Opinions of Launcelot Langstaff, Esq. & Others” but was actually the work of precocious New York literary talent Washington Irving, one of his older brothers and a friend.At least, that’s one theory, and as a New Yorker I’m all for promoting it.The Jan. 25, 1808, issue of the magazine opens with an account of “this season of festivity when the gate of time swings open on …read more […]

(Bloomberg) — Want to receive this post in your inbox every day? Sign up for the Terms of Trade newsletter, and follow Bloomberg Economics on Twitter for more.After testing the patience of financial markets, the U.S. says it has hashed out with China the terms of that long-awaited “phase one” deal, with President Donald Trump said to have signed off on it and expected to lead an unveiling as soon as Friday.As advertised, the agreement hinges on China stepping up its purchases of American agricultural products to as much as $50 billion annually and committing to crack down on intellectual …read more […]

While not a mind-blowing move, it is good to see that the GameStop Corp. (NYSE:GME) share price has gained 27% in the… …read more […]

(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.The Bank of Russia delivered a fifth consecutive bout of monetary easing and said it would consider more cuts in the first half of next year as inflation continues to fall below target.The bank lowered its benchmark interest rate by 25 basis points to 6.25%, according to a statement published on Friday, taking the total reduction this year to 150 basis points. The move was forecast by 26 out of 33 economists in a Bloomberg survey. Four …read more […]

(Bloomberg) — Palladium set its sights on a record $2,000 an ounce, with the metal’s blistering rally showing no sign yet of cooling off.Prices climbed for an unprecedented 16th day after signs of a breakthrough in the U.S.-China trade talks, fueling hopes for a rebound in the auto industry, palladium’s biggest consumer. Prices surged this week as mining disruptions in major producer South Africa threatened to tighten a market already hobbled by a persistent deficit.“The physiological $2,000 level now acts as such a magnet to the market,” said Ole Hansen, head of commodity strategy at Saxo Bank A/S. “The strong …read more […]

Argan, Inc. (NYSE:AGX) defied analyst predictions to release its quarterly results, which were ahead of market… …read more […]

One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive… …read more […]

See how much a year of retirement will cost in your state. …read more […]

We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The… …read more […]

Australia’s Qantas Airways picked Airbus SE over Boeing Co as the preferred supplier for jets capable of the world’s longest commercial flights from Sydney to London, dealing the U.S. planemaker its latest setback this year. The choice of up to 12 A350-1000 planes fitted with an extra fuel tank for flights of up to 21 hours cements Airbus as the leader in ultra-long haul flying globally at a time when Boeing is battling delays on its rival 777X programme and a broader corporate crisis following two deadly 737 MAX crashes. The Qantas flights would begin in the first …read more […]

The new model called Xbox Series X, which Microsoft describes as its “fastest, most powerful console ever,” will launch in Holiday 2020. “We wanted to design a console where the form was driven by the function,” Phil Spencer, vice president of gaming at Microsoft, told GameSpot. …read more […]

Q4 2017 Agios Pharmaceuticals Inc Earnings Call …read more […]

One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will… …read more […]

SoftBank-backed Indian digital payments startup Paytm’s parent is set to allot about 2.6 million shares to investors, according to a latest filing by the company. A source familiar with the matter said the allotment by One 97 Communications Ltd was part of last month’s $1 billion fundraise, which valued Paytm at $16 billion. Alibaba’s Alipay, SoftBank’s SVF Panther (Cayman) and funds managed by T Rowe Price were among the investors, financial data accessed by business intelligence platform Tofler dated Dec. 12 showed. …read more […]