Trading Ideas

(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Helicopter money could be both the best and worst options for the European Central Bank if the euro-area slowdown morphed into a recession, according to a Peterson Institute paper.With monetary and fiscal policy limited — the former by a depleted toolbox, the latter by budget rules — handing out cash to the public could be an appealing alternative measure to combat a downturn, former IMF chief economist Olivier Blanchard wrote in the paper with Jean Pisani-Ferry.However, such …read more […]

Power supply to about 150,000 California homes and businesses is expected to be shut off on Wednesday, in the latest precautionary outage planned by utility giant PG&E against wildfire risks posed by extremely dry, windy weather. A precautionary outage initiated on Oct. 23 hit an estimated 179,000 customers, while another run in phases from Oct. 26 through Nov. 1 affected a record 941,000 homes and workplaces, according to PG&E. The latest mass shutoff is likely to run through midday Thursday and could ultimately affect 181,000 customers across portions of 16 counties in northern and central California, PG&E spokeswoman …read more […]

Emirates and Boeing were poised on Wednesday to seal a compromise deal that would see the Dubai carrier order around 30 787 Dreamliners, paving the way for a reduced order for delayed 777X jets, people familiar with the matter said. Emirates tentatively ordered 40 Dreamliners in 2017 but “tough” last-minute talks to finalise the order this week have hinged on negotiations over the fate of a massive separate order for 150 777X after the latter ran into delays, they said. A restructuring of the 777X order may, however, not be highlighted officially at the Dubai Airshow, where Emirates …read more […]

OxyContin is a dying business in the United States. Purdue Pharma, owned by the billionaire Sackler family, is collapsing under an avalanche of lawsuits that accuse the company of using false claims to push its blockbuster painkiller in the U.S., profiting as an unsuspecting nation slipped into a devastating drug crisis. Meanwhile, another company owned by the family in China has been promoting OxyContin with the same tactics Purdue was forced to abandon in the U.S. as opioid overdose deaths soared, according to interviews with four current and former employees and more than 3,300 pages of training and …read more […]

Emirates and Boeing are fine-tuning a deal that could see the Dubai carrier order around 30 787 Dreamliners as part of wider discussions about amending a separate order for 150 Boeing 777X jets, people familiar with the matter said on Wednesday. Emirates tentatively ordered 40 Dreamliners in 2017 but “tough” last-minute talks to finalize the order this week have hinged on negotiations over the scale of its commitment to the upcoming 777X after it ran into delivery delays, they said. It remained unclear how far a restructuring of the 777X order would be discussed officially at the …read more […]

(Bloomberg) — Artificial intelligence is coming for America’s high-paid professions as it creates winners and losers across the labor market like never before.White-collar jobs and better-educated occupations along with production workers are among the most susceptible to AI’s spread into the economy, according to a Brookings Institution report Wednesday that draws on a new analysis of patent data by a Stanford University economist.“Just as the impacts of robotics and software tend to be sizable and negative on exposed middle- and low-skill occupations, so AI’s inroads are projected to negatively impact higher-skill occupations,” researchers Mark Muro, Jacob Whiton and Robert Maxim …read more […]

Emirates and Boeing are fine-tuning a deal that could see the Dubai carrier order around 30 787 Dreamliners as part of wider discussions about amending a separate order for 150 Boeing 777X jets, people familiar with the matter said on Wednesday. Emirates tentatively ordered 40 Dreamliners in 2017 but “tough” last-minute talks to finalise the order this week have hinged on negotiations over the scale of its commitment to the upcoming 777X after it ran into delivery delays, they said. It remained unclear how far a restructuring of the 777X order would be discussed officially at the Dubai …read more […]

The NSE Nifty 50 index rose 0.6% to 12,014, while the S&P BSE Sensex gained 0.4% to 40,638.7. Telecom stocks advanced further after Reliance Jio, owned by billionaire Mukesh Ambani’s Reliance Industries, said it planned to hike tariffs in the next few weeks. Rivals Bharti Airtel Ltd and Vodafone Idea Ltd have already announced their plans to raise rates from next month. …read more […]

(Bloomberg Opinion) — Interest rates could surge, exchange rates may collapse, the sun might stop shining brightly.Every conceivable danger an investor needs to be aware of in an initial public offering is discussed in the August prospectus of Sterling and Wilson Solar Ltd., among the world’s biggest engineering contractors to solar farms. And yet, the risk that struck hapless shareholders was buried under related-party transactions on Page 37: that the Indian company’s storied founders won’t keep their promise.The 42% carnage in Sterling and Wilson shares over three trading sessions in Mumbai is the story of this broken pledge. Controlling shareholders …read more […]

Carl Icahn placing big bets against mall owners. …read more […]

Freeport McMoRan Inc expects treatment and refining charges for copper concentrates in 2020 to be “well below” last year’s levels as Chinese smelting capacity is expected to rise, a senior company executive said on Tuesday. For 2020, treatment charges (TC) of around $60 per tonne and refining charges (RC) of 6 cents per lb would be a “reasonable level to settle at”, Javier Targhetta, president of Atlantic Copper and senior vice president for marketing and sales at Freeport told Reuters in an interview during Asia Copper Week in Shanghai on Tuesday. Top global miners like Freeport and Chinese …read more […]

Buoyed by optimism over the label expansion of Amarin’s (AMRN) flagship drug, Vascepa, the fish oil drug maker’s stock has run off to the races — up over 60% year-to-date. But how long can that last? This afternoon, US investment giant Oppenheimer predicted an imminent crash in Amarin shares.Oppenheimer analyst Leland Gershell and his team joined a small, but vocal camp of bearish folks waving investors away from Amarin stock. Gershell initiated coverage on AMRN with an “underperform” rating and a $7.00 price target, predicting the stock will drop about 70% in the next 12 months. (To watch Gershell’s track …read more […]

Update on the guru’s new buys for the quarter Continue reading… …read more […]

The Chinese e-commerce giant has given guidance to prospective institutional investors that its shares will price at $HK176 each, which is a 2.8 per cent discount to the shares’ closing price in New York on Tuesday. Alibaba did not immediately respond to a Reuters request for comment. …read more […]

Qualcomm Inc expects global smartphone makers to ship 450 million 5G handsets in 2021 and another 750 million in 2022, the world’s largest supplier of mobile phone chips said on Tuesday. Qualcomm said 5G adoption will be faster than 4G due to the timing of commercialization of the technology in China and availability of chipsets across different price tiers. Going by Qualcomm’s previous forecast of a range between 175 million and 225 million 5G devices for next year, the 2021 forecast suggests 125% growth from the midpoint of the 2020 outlook. …read more […]