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.The engines of China’s economy are spluttering, with exports falling, factory output slowing, investment growth at a record low and consumption coming off the boil.Industrial output rose 4.7% from a year earlier, versus a median estimate of 5.4%, data showed Thursday.Retail sales expanded 7.2%, compared to a projected 7.8% increase.Fixed-asset investment slowed to 5.2% in the first ten months. That was the lowest reading in comparable data back to 1998.The soft data underscored the need for a …read more […]

To unclog bottlenecks last year at his Tesla Inc plant in California, Elon Musk flew in six planeloads of new robots and equipment from Germany to speed up battery production for its Model 3. Now the Tesla CEO is trying to tap that German automation ecosystem directly with Tuesday’s announcement that the electric carmaker will build a European car and battery factory near Berlin. The new German factory is designed to help change all that. …read more […]

Hong Kong’s Cathay Pacific Airways Ltd said on Thursday it would defer the delivery of four Airbus SE narrowbodies in 2020 as it cuts capacity to deal with falling demand due to anti-government protests in its home city. In addition to delaying the arrival of three A321neos at regional arm Cathay Dragon and one A320neo at budget carrier HK Express, it said it would retire one Boeing Co 777-300ER and one Cathay Dragon A320 earlier than expected. …read more […]

Retailers have 6 fewer days this holiday season, so Walmart is getting an early start. …read more […]

(Bloomberg Opinion) — When times are good, focus on the top line and the bottom line will look after itself. When times are bad, you should do the reverse.That looks a lot like the strategy the world’s biggest miner, BHP Group, has followed over the years in appointing its chief executive officers. The question the resources sector should ask in looking at Thursday’s appointment of Mike Henry to succeed Andrew Mackenzie is whether his focus is the top line, or the bottom.Henry has spent the last three years as the operations chief for BHP’s Australian assets, where he’s focused on …read more […]

(Bloomberg) — Motorola is rebooting the iconic Razr flip phone as a 6.2-inch smartphone with a foldable display that gives the Lenovo-owned brand a unique selling point against Apple Inc. and Samsung Electronics Co.’s finest.The new device reprises the Motorola Razr name and looks like a modernized version of the original. It costs $1,499 and will be available for pre-order in December in Europe and as a Verizon exclusive in the U.S., ahead of its retail arrival in January. For Lenovo Group Ltd., which has a tiny fraction of the global smartphone market, it’s an effort to build brand awareness …read more […]

The head of the Southwest Airlines Co pilot union Wednesday sharply criticized Boeing Co and questioned whether the manufacturer was trying to speed up the timeline for the 737 MAX’s return to service. Boeing’s best-selling 737 MAX has been grounded since March, after two deadly crashes in five months killed 346 people, and it has come under harsh criticism from U.S. lawmakers. …read more […]

TOKYO/SINGAPORE, Nov 14 (Reuters) – Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan , which had drifted in to positive territory in morning trade, turned negative to trade 0.4% lower. Japan’s Nikkei stock index dropped 0.6%, while Shanghai blue chips turned from positive to flat and Australia’s S&P/ASX200 index wiped some of its gains to trade less than 0.5% higher by mid afternoon in Sydney. …read more […]

Nov.13 — Tesla Inc. won permission to start mass production at its China factory as Chief Executive Officer Elon Musk announced that Tesla will expand its global manufacturing network with a factory near Berlin. Bloomberg’s Dana Hull has the latest on “Bloomberg Technology.” …read more […]

Federal prosecutors on Wednesday unveiled a new fraud charge against lawyer Michael Avenatti, accusing him of lying to a client as part of his alleged effort to extort Nike Inc. The prosecutors also dropped two counts of conspiracy against Avenatti from the case, which was first made public in March, according to a superseding indictment filed in federal court in Manhattan. “I am extremely pleased that the two counts alleging I engaged in a conspiracy against Nike have just been dismissed by Trump’s DOJ,” Avenatti wrote on Twitter, referring to the U.S. Department of Justice under President Donald …read more […]

Uber launched a set of new safety features in Britain on Thursday as it battles to retain its taxi operating license in the face of concerns about passenger safety. The measures include a discrimination button enabling drivers and riders to report abuse, enhanced safety training for drivers and a direct connection to the emergency services. In September, Uber received only a two-month operating license in London, its most important European market, failing to secure a maximum five-year term in a battle with the regulator Transport for London (TfL) which has previously stripped the app of its right to …read more […]

The US oil industry is bracing for a major change in federal energy policy if a democrat wins the 2020 elections …read more […]

Lawmakers pressed top U.S. antitrust enforcers on their probes of tech giants Alphabet’s Google, Facebook, Amazon and Apple on Wednesday, with the chair of a House subcommittee expressing frustration over the companies’ continued acquisitions. In a hearing of the House Judiciary Committee’s antitrust subcommittee, Makan Delrahim, the head of the Justice Department’s antitrust division, said his investigative staff was focused on understanding how personalized advertising transactions work. …read more […]

Retail behemoth Walmart and chip giant Nvidia’s earnings reports will be closely monitored by investors Thursday. …read more […]

(Bloomberg) — For California Governor Gavin Newsom, sitting back and watching PG&E Corp.’s bankruptcy run its course is no longer an option.The mayors of 22 cities are pressing him to turn the embattled power giant into a customer-owned cooperative. San Francisco, the city he once served as mayor, wants to take over the company’s local poles and wires. And on Wednesday, a board member of a statewide consumer group sent Newsom a proposal that would have the state run PG&E like a massive municipal utility.The proposals reflect a groundswell of anger against PG&E following years of deadly wildfires sparked by …read more […]