Trading Ideas

Charles Schwab is reportedly looking to buy TD Ameritrade for $26 billion dollars. Yahoo Finance’s Adam Shapiro, Julie Hyman and Dan Roberts discuss with Caleb Silver, Investopedia Editor-in-Chief and Paul Schatz, Heritage Capital President on On The Move. …read more […]

Analysts expect the Tesla pickup, which Musk has said would combine the performance of a Porsche 911 sports car with the functionality of Ford Motor Co’s industry-leading F-150 full-size truck, to debut in late 2021 or early 2022 with a starting price of under $50,000. “Making an electric pickup truck that sells in the same price range as an F-150 and making it profitable will be tough,” said Sam Fiorani, vice president of global vehicle forecasting at Auto Forecast Solutions. As Musk pushes to take a bite of Detroit’s profits, Ford and larger rival General Motors Co are …read more […]

Rio Tinto faces renegotiating the terms of an agreement underpinning its Mongolian copper mine project, after lawmakers on Thursday approved plans to revise the deal to make it more beneficial for Mongolia. The Oyu Tolgoi mine, Mongolia’s biggest foreign investment project, has already been subject to delays and ballooning costs, leaving Mongolian lawmakers impatient for income, while Rio Tinto says it has invested billions. …read more […]

Apple… Amazon… Google… Hewlett-Packard… Mattel… The Walt Disney Company…
These are all giant, globe-spanning companies that today are household names.
But they also share the same humble beginnings… They all started in someone’s garage.
That’s an origin story that cannabis edibles producer Plus Products (OTC: PLPRF) can relate to.
For the first six months of the company’s existence, the only space it could afford was co-founder and CEO Jake Heimark’s parents’ garage.
It was Plus Products’ clean room, manufacturing facility, office, packaging, and research and development facility.
But as we’ve seen time and time again, talent eventually wins out. And great companies find their way to …read more […]

(Bloomberg) — Count billionaire Jeffrey Gundlach among the finance-industry titans taking note of presidential candidate Pete Buttigieg.“Mayor Pete killed it tonight,” tweeted Gundlach, whose DoubleLine Capital oversees more than $140 billion, after Wednesday night’s Democratic debate.He joins fellow billionaire investors Paul Tudor Jones, Michael Novogratz and Blackstone Group Inc. Vice Chairman Tony James in showing support for — or at least being impressed by — the 37-year-old mayor of South Bend, Indiana. Novogratz, a former Goldman Sachs Group Inc. partner, has said he likes Buttigieg even if he’s skeptical he can win, and Jones, founder of Tudor Investment Corp., has …read more […]

U.S. discount broker Charles Schwab Corp. is in talks to buy rival TD Ameritrade in a $26 billion deal that would create an online brokerage behemoth, according to media reports. The discount brokerage business model is facing increasing pressure, as financial technology disruptors like Robinhood pushed legacy firms to cut commissions to zero, and the increased use of technology has required huge spending on platforms. The solution to managing costs is getting bigger and acquiring more clients, which is exactly what Schwab could achieve by acquiring its smaller rival. …read more […]

The stock has risen over 30% in the past quarter, but the company’s transition toward a service-based model and its history of delivering mixed results might hamper this dream run Continue reading… …read more […]

WINNIPEG/MONTREAL, Nov 21 (Reuters) – Shippers scrambled to shift freight onto trucks on Thursday as a strike at Canada’s biggest railroad, Canadian National Railway Co, entered its third day and left many goods stranded. Some 3,200 unionized employees, including conductors and yard workers, hit picket lines on Tuesday in the biggest such action in a decade. Some major retailers and pulp and paper companies have started hiring trucks from Montreal-based Fuel Transport, even though they cost more than rail, said President Robert Piccioni. …read more […]

Charles Schwab is in talks to buy TD Ameritrade at a time when the brokerage business is succumbing to the trend of zero-commissions. Yahoo Finance’s Julie Hyman, Adam Shapiro, Dan Roberts and David Kotok, Cumberland Advisors’ Chairman and Chief Investment Officer discuss. …read more […]

Yahoo Finance’s Julie Hyman, Adam Shapiro and Dan Roberts talk retail and retail earnings with David Kotok, Cumberland Advisors Chairman & Chief Investment Officer and Stacey Widlitz, SW RETAIL ADVISORS’s Chief International Store Hunter. …read more […]

(Bloomberg) — Long-anticipated layoffs at WeWork have begun, part of the struggling office-sharing company’s plan to cut costs after staggering losses.WeWork said Thursday that the reductions will affect 2,400 employees globally. They will receive severance and continued benefits and other forms of assistance, according to an emailed statement.The job cuts represent almost 20% of the company’s global workforce, which totaled 12,500 as of June 30.“We are grateful for the important roles they have played in building WeWork over the last decade,” a company spokesperson said. Staff reductions began weeks ago in regions around the world and continued this week in …read more […]

The winner of the next-generation hepatitis B vaccine market could largely be determined by upcoming safety data between Sci-B-Vac and Heplisav-B Continue reading… …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Sanofi is holding discussions over options for its consumer-health business that could be worth $30 billion as new Chief Executive Officer Paul Hudson seeks to rejuvenate the French drugmaker, people familiar with the matter said.While the pharma giant has made no decisions, it has been talking to financial advisers to gauge shareholder feedback, according to the people, who asked not to be identified because the deliberations are private. Hudson, who has said he will take a critical look at all of Sanofi’s …read more […]

WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks. “As part of our renewed focus on the core WeWork business, and as we have previously shared with employees, the company is making necessary layoffs to create a more efficient organization,” a company spokeswoman said in a statement. “This workforce reduction affects approximately 2,400 employees globally, who will receive severance, continued benefits, and other forms of assistance …read more […]

Twitter Inc is globally launching a feature for users to hide certain replies on their tweets, in order to give people more control over their conversations on the site, the company said on Thursday. The feature, which has previously been tested in the United States, Canada and Japan, is part of Twitter’s efforts to clean up abusive content and make the social media platform more user-friendly. During testing, the company found that people mostly hid replies they found “irrelevant, off-topic or annoying,” Suzanne Xie, director of product management at Twitter, said in a blog post on Thursday. …read more […]