Trading Ideas

The billionaire investor has been adding to his holding of the warehouse retailer Continue reading… …read more […]

Charles Schwab and TD Ameritrade stocks are surging after CNBC and Fox Business reported that Charles Schwab could buy TD Ameritrade. The blockbuster deal would see further consolidation in the retail brokerage industry. Yahoo Finance’s Dan Roberts, Sibile Marcellus and Brian Cheung break it down on YFi AM. …read more […]

Private equity firm Catalyst Capital Group Inc is seeking financing for a bid for Saks Fifth Avenue owner Hudson’s Bay Co that would top a C$1.9 billion ($1.4 billion) deal the retailer reached last month to sell itself to a consortium led by the department store operator’s executive chairman, Richard Baker, according to people familiar with the matter. Baker’s consortium already owns 57% of Hudson’s Bay, and it has informed the company it would block a sale to another party. Catalyst has reached out to banks such as Wells Fargo & Co , as well as hedge funds, …read more […]

Reports say Charles Schwab is buying TD Ameritrade, joining two of the biggest discount brokers. If the groups combine, the new company would be managing about five trillion dollars in assets. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss on The First Trade. …read more […]

(Bloomberg) — A year before Elon Musk was ready to unveil Tesla’s first pickup model, the chief executive officer was setting a low bar for the amount of demand it will draw. Dig into the dynamics of the fiercely competitive and tough-to-crack U.S. truck market, and it’s easy to see why.Japanese automakers have spent two decades and billions of dollars trying to get in on the big pickup gravy train. But 20 years after Toyota first started making the Tundra, Detroit brands continue to crush the competition, controlling almost 92% of the half-ton truck segment, according to IHS Markit. Customers …read more […]

Xerox Corp on Thursday threatened to go hostile with its $33.5 billion buyout bid for HP Inc , if the personal computer maker did not agree to a “friendly” discussion before Nov. 25. HP on Sunday rejected Xerox’s offer of $22 per share, saying it undervalued the company and that it was open to exploring a bid for the U.S. printer maker. “Xerox will take its compelling case to create superior value for our respective shareholders directly to your shareholders,” the company said in a letter to HP’s board. …read more […]

Exxon Mobil is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad. The vast program follows growing pressure from investors on the U.S. giant to free up cash as it plans to expand its spending for new developments in Guyana, Mozambique, Papua New Guinea and the United States. Exxon, the world’s top listed energy company, has struck a number of deals in recent months including the …read more […]

MONTREAL/WINNIPEG, Nov 21 (Reuters) – A strike at Canada’s biggest railroad, Canadian National Railway Co, entered its third day on Thursday, as the company said talks were continuing with workers, assisted by federally appointed mediators. Some 3,200 unionized employees, including conductors and yard workers, hit picket lines on Tuesday amid softening demand for freight service. The railway has proposed binding arbitration, an option that the Teamsters Canadian Rail Conference union has rejected. …read more […]

The U.S. Federal Energy Regulatory Commission (FERC) is scheduled on Thursday to vote on four proposed liquefied natural gas (LNG) export facilities in Texas totaling about 6.2 billion cubic feet per day (bcfd) of capacity. The projects are NextDecade Corp’s 3.6-bcfd Rio Grande, Cheniere Energy Inc’s 1.5-bcfd Corpus Christi Midscale, Exelon Corp’s 0.8-bcfd Annova LNG Brownsville and Texas LNG’s 0.3-bcfd Brownsville. …read more […]

A House committee approved a proposal to decriminalize and tax marijuana at the federal level. …read more […]

Verizon and its U.S. rivals have embarked on an aggressive marketing push to get more customers to use their 5G networks, a technology that can offer 20-times faster data speeds than 4G long-term evolution (LTE) networks. …read more […]

U.S. President Donald Trump said on Thursday he had asked Apple Inc Chief Executive Officer Tim Cook to look into helping develop telecommunications infrastructure for 5G wireless networks in the United States. “They have it all – Money, Technology, Vision & Cook!” Trump tweeted. …read more […]

U.S. oil services company McDermott International said on Thursday that its participation in a huge petrochemical project in Russia, announced this week, was in full compliance with the law and did not breach international sanctions against Moscow. Royal Dutch Shell pulled out of the same Baltic Coast project in April, saying Russian gas giant Gazprom had changed its final concept for the project which initially had been designed to produce only liquefied natural gas. …read more […]

Aurora Cannabis (NYSE: ACB) (TSX: ACB) has named Dr. Shane Morris as chief product officer and André Jérôme as chief integration officer. Morris previously worked as senior vice president of product development and regulatory affairs, while Jérôme was senior vice president of business integrations. The appointments are effective immediately. Morris joined Aurora in January 2018 to […]The post Aurora Cannabis Names Chief Product and Chief Integration Officers appeared first on Market Exclusive. …read more […]

SAN FRANCISCO (AP) _ Anaplan Inc. (PLAN) on Thursday reported a loss of $34.7 million in its fiscal third quarter. On a per-share basis, the San Francisco-based company said it had a loss of 26 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share. …read more […]