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Nov 14, 2019
A bear signal flashing for Macy's stock points to more downside ahead of Black Friday
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Nov 14, 2019
The resignation of top student loan official A. Wayne Johnson has caused a stir on Capitol Hill.
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Nov 14, 2019
Today we'll take a closer look at Fastenal Company (NASDAQ:FAST) from a dividend investor's perspective. Owning a...
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Nov 14, 2019
Disappointing earnings from Canopy Growth, Tilray and Cronos have investors hesitant to invest in the cannabis industry. Yahoo Finance's Heidi Chung, Brian Cheung and Sibile Marcellus discuss with Entourage Effect Capital CEO Matt Hawkins on YFi AM
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Nov 14, 2019
(Bloomberg Opinion) -- Here's a company that really wants to get bought:As you can see, that wasn't the case with Carrizo Oil & Gas Inc. up until quite recently. Back in early 2018, when it was trading at about $17 a share, the exploration and production company rejected activist Kimmeridge Energy Management Co.'s calls to either sell the whole company or a big slug of assets. It then capitalized on the summer's upswing in oil prices — how long ago that seems — to sell a slug of new stock instead, at $23 apiece. By this summer, its confidence had waned and it agreed to an all-stock takeover by Callon Petroleum Co. valuing it at $13 and change — a deal so well-received that the one-day drop in Callon's stock all but wiped out the 25% premium.Callon picked up an activist of its own a few months ago when Paulson & Co. said it was overpaying for Carrizo. So on Thursday, amended terms were announced. Carrizo has now agreed to an offer that gives it 42% of the combined company — versus 45% before — at a value of just $7.81 per share. That is barely a third of what investors paid for new stock in August 2018. It is, in fact, much lower than the price of every one of the 10 secondary stock sales Carrizo has carried out in the past 12 years, according to figures compiled by Bloomberg. Remarkably, the implied market value for Carrizo of $723 million is below the $850 million value the companies estimated back in July for the cost savings and efficiencies arising from the deal.This puts the "pit" in capitulation. Along with the revi
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Nov 14, 2019
Buy recommendations seem unwarranted Continue reading...
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Nov 14, 2019
Does the November share price for Smith Micro Software, Inc. (NASDAQ:SMSI) reflect what it's really worth? Today, we...
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Nov 14, 2019
(Bloomberg) -- Canopy Growth Corp. shares fell to the lowest in nearly two years after the pot company reported revenue that missed the lowest analyst estimate and a loss that one analyst called "astounding."The world's largest cannabis company by market value also said it's unlikely to meet its previous guidance of C$250 million in revenue by the fiscal fourth quarter, which ends March 31.Shares fell as much as 16% Thursday to C$20.55, the lowest since December 2017. The stock has lost more than 40% since the beginning of the year.Canopy took a restructuring charge of C$32.7 million ($24.6 million) for returns, return provisions and pricing allowances. These are primarily related to its portfolio of softgel and oil products, which haven't been selling as well as expected. It also took an inventory charge of C$15.9 million to align its portfolio with a new retailing strategy."We do not consider this type of adjustment to be one-time, as it reflects returns and new pricing architecture and package assortment going forward," Bill Kirk, analyst at MKM Partners, said in a note. He said the magnitude of the Ebitda loss was "astounding," and Canopy's "excessive equity comp policy" was responsible for much of it.Overall, Canopy reported fiscal second-quarter net revenue of C$76.6 million, well below the consensus estimate of C$102.3 million, and a loss before interest, taxes, depreciation and amortization of C$155.7 million. Analysts had expected an Ebitda loss of C$96.1 million."We took the necessary
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Nov 14, 2019
Derek Dewan has been the CEO of GEE Group, Inc. (NYSEMKT:JOB) since 2015. This analysis aims first to contrast CEO...
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Nov 14, 2019
If you want to know who really controls The J. M. Smucker Company (NYSE:SJM), then you'll have to look at the makeup...
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Nov 14, 2019
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
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Nov 14, 2019
Technology company IBM said on Thursday it will launch a new weather forecasting system which will be able to predict conditions up to 12 hours in advance and cover parts of the world which have not had access to such detailed data. Demand for very precise and quicker weather forecasts has grown as more extreme conditions increase due to climate change and as more variable renewable energy goes to the grid. The system, known as IBM GRAF - the Global High-Resolution Atmospheric Forecasting System - will run on a supercomputer and provide more detailed and higher quality forecasts.
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Nov 14, 2019
(Bloomberg) -- The Dragon, a massive oil tanker flying the Liberian flag, is supposed to be floating somewhere off the coast of France, according to its last GPS signal.Instead, it's currently thousands of miles away in Venezuela where, under contract for the Russian state-oil giant Rosneft Oil Co PJSC, it loaded 2 million barrels of oil, according to data compiled by Bloomberg and shipping reports. How's that possible? Because the ship's transponders were turned off before it slipped into Venezuelan waters, the data shows.The practice of oil tankers turning off their location signals has increased in the past month, according to shipping data, after the U.S. went after a Chinese-owned shipping company it said was moving crude for sanctioned Iran. The U.S. is seeking to squeeze the Nicolas Maduro government in Venezuela by starving it of oil revenue. But more and more tankers appear to be using the technique to avoid penalties, helping give a boost to Venezuelan crude output that has plummeted since the U.S. imposed sanctions.Venezuela loaded 10.86 million barrels of crude oil in the first 11 days of November, more than double the volume in the same period last month. About half of those barrels were loaded onto ships that had turned off their transponders, which later delivered cargoes to China and India, data compiled by Bloomberg show.Dynacom Tankers Management Ltd., the manager for the Dragon, said in an emailed statement that "since January 2019 none of the vessels under our management ever e
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Nov 14, 2019
(Bloomberg) -- Travis Kalanick sold 6.1 million shares of Uber Technologies Inc. just days after disposing of a fifth of his stake, bringing the total offloaded to $711 million this month.The 43-year-old entrepreneur sold $164 million of his holdings in the ride-hailing company this week, according to a regulatory filing Wednesday. Last week he disposed of stock worth about $547 million.The sale underlines Kalanick's focus on other investments, including CloudKitchens, which he funded with $300 million. A $400 million injection from Saudi Arabia's Public Investment Fund valued the food startup at $5 billion, the Wall Street Journal reported last week.His remaining 4.2% stake in Uber is valued at $1.9 billion, or less than two-thirds of his $3.4 billion fortune, according to the Bloomberg Billionaires Index. When he was Uber's chief executive officer, Kalanick said he retained all his shares in the company. That changed after his ousting in 2017. He sold stock in private transactions and had a 6% stake at the time of its May initial public offering.Kalanick has moved quickly to offload Uber shares since the IPO. This month's trades came after a 180-day lockup period restricting insider and early investor sales expired last week.Uber shares fell 3.9% on Nov. 6 when its lockup expired. Beyond Meat Inc. has done even worse, falling 22% since its lockup ended. Shares in Avantor Inc., Fastly Inc. and Luckin Coffee Inc. all rose Wednesday when their restrictions were lifted.To contact the reporter on this
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Nov 14, 2019
According to a new report from CreditCards.com, red states are far better at managing their money than blue ones.
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Nov 14, 2019
Today we are going to look at The Sherwin-Williams Company (NYSE:SHW) to see whether it might be an attractive...
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Nov 14, 2019
Q1 2020 Cardinal Health Inc Earnings Call
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Nov 14, 2019
Q3 2019 AerCap Holdings NV Earnings Call
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Nov 14, 2019
If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see...
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Nov 14, 2019
American Outdoor Brands to Split With Smith & Wesson American Outdoor Brands (NASDAQ:AOBC) will be separating its gun business, run by Smith & Wesson, from its other outdoor products and accessories business, citing a change in the political climate. The split will be completed by the second half of 2020, just before any Democratic challenger […]The post Market Morning: Smith & Wesson To Split Off, Impeachment, Trade Chatter, Facebook Lowers Grades appeared first on Market Exclusive.
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Nov 14, 2019
Bitcoin may soon face selling pressure, courtesy of an impending bear cross. Longer term, though, the picture may be less gloomy for the bulls.
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Nov 14, 2019
The Kraft Heinz Company (NASDAQ:KHC) shareholders will doubtless be very grateful to see the share price up 31% in the...
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Nov 14, 2019
Alibaba's Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war. The share sale, set to be Hong Kong's largest in more than nine years, comes as Beijing seeks support from businesses and entrepreneurs in the face of anti-government protests there. "Beijing has long wanted China's tech champions to list closer to home," Mark Natkin, managing director at Beijing-based Marbridge Consulting, said of Alibaba's plans.
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Nov 14, 2019
Ford Motor Co will start taking reservations for its electric sport utility vehicle, Mustang Mach-E, starting Nov. 17, when the U.S. automaker unveils the vehicle at an event in Los Angeles, the company said on Thursday. In April, the No.2 U.S. carmaker invested $500 million in electric car maker Rivian and said it planned to use the Michigan startup's platform to build a new Ford-branded electric vehicle. A reservation for the Mustang Mach-E can be made on Ford's website in the United States, Canada and Europe by paying a refundable deposit of $500, the company said.
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Nov 14, 2019
Ford Motor Co will use the Mustang name, previously reserved for a muscle car, for an electric sport utility vehicle (SUV) that customers in the United States, Canada and Europe can start ordering on Nov. 17, the company said on Thursday. Ford confirmed its new electric SUV will be called the Mustang Mach-E ahead of a debut event scheduled for Los Angeles on Sunday. Until now, the Mustang name has been used only on a line of sporty coupes associated with Detroit's 1960s muscle car era.
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Nov 14, 2019
Long term investing works well, but it doesn't always work for each individual stock. It hits us in the gut when we...
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Nov 14, 2019
Every investor in Future FinTech Group Inc. (NASDAQ:FTFT) should be aware of the most powerful shareholder groups...
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Nov 14, 2019
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
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Nov 14, 2019
Edgewell Personal Care Company (NYSE:EPC), which is in the personal products business, and is based in United States...
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Nov 14, 2019
In April, the No.2 U.S. carmaker invested $500 million in electric car maker Rivian and said it planned to use the Michigan startup's platform to build a new Ford-branded electric vehicle. A reservation for the Mustang Mach-E can be made on Ford's website in the United States, Canada and Europe by paying a refundable deposit of $500, the company said. Ford said it would announce reservation dates for China later.
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Nov 14, 2019
Anyone researching EDAP TMS S.A. (NASDAQ:EDAP) might want to consider the historical volatility of the share price...
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Nov 14, 2019
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
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Nov 14, 2019
Today we'll evaluate DGSE Companies, Inc. (NYSEMKT:DGSE) to determine whether it could have potential as an investment...
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Nov 14, 2019
Wix.com, which helps small businesses build and operate websites, reported higher profit and revenue in the third quarter, but lowered the upper end of its full year revenue forecast range to adjust for recent foreign exchange moves. It posted on Thursday quarterly net profit of 41 cents a share excluding one-time items, compared with 39 cents a year earlier and in line with analysts' estimates. Israel-based Wix offers free basic features for setting up websites but users must pay for extra services such as shopping carts, individual web addresses and site traffic analysis.
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Nov 14, 2019
(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 Philippines central bank kept its key interest rate unchanged to give previous cuts time to take effect, but said it could lower rates next year if inflation remains muted. The decision to keep rates steady at 4% -- predicted by all 19 economists surveyed by Bloomberg -- comes after economic growth rebounded to 6.2% in the third quarter from a four-year low of 5.5% in the three months through June. The bank will now take a "prudent pause" to see how previous easing steps are filtering through the economy, Deputy Governor Francis Dakila told reporters after the decision."If inflation is still quite low next year and is coming from the demand side, then that may warrant a monetary policy response," he said.Bangko Sentral's hold Thursday contrasts with Bank of Thailand's decision last week to cut its benchmark rate to a record low. Bank Indonesia, which has cut rates by a full percentage point since June, is set to meet next week."With growth set to disappoint and inflation likely to remain weak, we expect more easing next year," Capital Economics economist Alex Holmes wrote in a research note. "We think today's hold marks a pause rather than an end to the easing cycle and we are sticking with our forecast for a further 50 basis points of cuts in 2020."Governor Benjamin Diokno had signaled earlier this month that monetary easing is over for the year
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Nov 14, 2019
Qatar Airways has placed a $4 billion jet engine order with CFM International to power its 50 Airbus A321neos. CFM, owned by General Electric and France's Safran , will supply LEAP-1A engines for the A321neos ordered by the state-owned carrier. "We chose the LEAP engine based on its proven efficiency in commercial operations," Qatar Airways Chief Executive Akbar al-Baker said in a statement on Wednesday.
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Nov 14, 2019
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
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Nov 14, 2019
The simplest way to invest in stocks is to buy exchange traded funds. But investors can boost returns by picking...
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Nov 14, 2019
It's really great to see that even after a strong run, Electromed (NYSEMKT:ELMD) shares have been powering on, with a...
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Nov 14, 2019
Avadel Pharmaceuticals plc (NASDAQ:AVDL) shareholders might be concerned after seeing the share price drop 12% in the...
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Nov 14, 2019
Today we'll evaluate ARC Document Solutions, Inc. (NYSE:ARC) to determine whether it could have potential as an...
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Nov 14, 2019
A look at the shareholders of Uniti Group Inc. (NASDAQ:UNIT) can tell us which group is most powerful. Institutions...
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Nov 14, 2019
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Expedia...
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Nov 14, 2019
Citigroup has warned employees to keep out of harm's way after a widely circulated video showed one of its bankers being arrested in Hong Kong following a scuffle with police.The American bank hosted a conference call on Wednesday after the video emerged, advising its employees in Hong Kong that their safety was the bank's No 1 priority and to avoid "dangerous situations", according to a person with knowledge of the call, who was not authorised to discuss it publicly.The arrested employee is a director in the company's capital markets business, the person said.Citi, like many of its financial rivals in the city, has been allowing employees to work remotely and providing regular security updates as months of protests and civil unrest have gripped Hong Kong.According to a source, the arrested man is a director in Citigroup's capital markets business. Photo: Bloomberg alt=According to a source, the arrested man is a director in Citigroup's capital markets business. Photo: BloombergThe incident comes just over a month after a JPMorgan employee was punched outside the company's offices at Chater House in Central after responding to protesters with "We are all Chinese" in Mandarin. The employee did not appear to have been targeted because he worked for a global bank.Escalating clashes between more radical protesters and police have severely disrupted transport in the city this week, with the government sus
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Nov 14, 2019
The company began to build 777 fuselages in 2015 in an upright orientation, with robots drilling holes and installing fasteners, an initiative known as fuselage automated upright build (FAUB). Boeing had faced delays last year when the FAUB machine was tried out on existing versions of the 777. Instead, the company will switch to "flex tracks" - an automated method to drill the holes along the circumference of the airplane that are then fastened manually.
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Nov 14, 2019
EUR/USD continues to see buyers around the 1.10 area but is mostly trading in a range. Meanwhile, GDP growth in Germany rose slightly to save the country from going into a technical recession.
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Nov 14, 2019
Q3 2019 Workhorse Group Inc Earnings Call
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Nov 14, 2019
Alibaba Group will carry out Hong Kong's first paper-less stock market listing with its $13.4 billion share sale, according to a source with knowledge of the matter, ending the long-held tradition of Hong Kong investors queuing in bank branches to place stock orders. The decision to fully automate the retail subscription component of the deal comes as Hong Kong is gripped by increasingly violent civil unrest. Alibaba does not plan to print a paper copy of its 661-page prospectus, lodged with the Hong Kong Stock Exchange on Wednesday night.
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Nov 14, 2019
The Australian dollar has lost ground after disappointing employment numbers. The New Zealand dollar and Chinese yuan are showing limited movement.
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Nov 14, 2019
Last week was plenty unsuccessful for Gold. It was the worst week over the previous two years, as the precious metal depreciated by 3.6%.
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Nov 14, 2019
National Grid said on Thursday it was confident it would be able to address concerns over gas supplies raised this week by governor of New York who warned he could revoke the British firm's licence to operate in southern parts of the state. The utility, which runs Britain's energy system and operates a gas franchise in New York City and Long Island, also said it expected to avoid being fined by Britain's energy regulator over widespread outages in August. Earlier this week, New York Governor Andrew Cuomo threatened to strip National Grid of its licence to supply gas in the city and Long Island, saying that it had failed to provide "adequate and reliable service".
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Nov 14, 2019
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see...
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Nov 14, 2019
(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 Phase-one trade deal with the U.S. to put a floor under business confidence. Even as the economy has lost steam, the government and central bank have refrained from dumping stimulus into the economy, preferring to make smaller adjustments to try and boost growth without a massive expansion in debt."Momentum for slowdown is not yet over," said Julia Wang, an economist at HSBC Holdings Plc. in Hong Kong. "Given the slowdown is so sharp, it is going to impact maybe the labor market at some point next year, and you are going to see further weakness in domestic demand."Many Asian stock markets fell to session lows after the readings. Yet, the yuan remains slightly stronger for the day and government bonds have shed some of this week's gain.China's Ministry of Commerce spokesman Gao Feng on Thursday said removing existing tariffs is an important condition for any deal and that China is willin
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Nov 14, 2019
Q3 2019 Obalon Therapeutics Inc Earnings Call
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Nov 14, 2019
Q4 2019 Spectrum Brands Holdings Inc Earnings Call
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Nov 14, 2019
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
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Nov 14, 2019
Q2 2020 Toshiba Corp Earnings Presentation
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Nov 14, 2019
Half Year 2020 DCC PLC Earnings Call
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Nov 14, 2019
Q3 2019 Selecta Biosciences Inc Earnings Call
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Nov 14, 2019
(Bloomberg) -- European stocks are near a four-year high and technical indicators suggest that the rally may have gone too far. But some signals still favor a market ignored by investors for much of this year.Fueled by the optimism over U.S.-China trade talks, the Stoxx Europe 600 has outperformed the S&P 500 this fall and is now heading for its best year in a decade. However, even the latest gains look modest in relation to a $100 billion investment exodus from the region's equity funds in 2019."Positioning was weak in Europe this year, investors maintained a very prudent stance as a result of perceived high political risks," said Stefano Zoffoli, Zurich-based chief strategist at Swisscanto Invest, which oversees about 160 billion Swiss francs ($161 billion). "This is something that could underpin the markets in the next three to six months."So while the market is up 20% this year, investors have been pulling money out of European-focused stock funds almost non-stop since March 2018. This mood started to shift in mid-October when the optimism of a Brexit deal and a global rotation into value stocks fueled three weeks of inflows of about $3.3 billion.After Bank of America Corp.'s fund manager survey showed for months that European equities were one of the world's biggest underweight positions, in November the allocation jumped to the highest since August 2018.Valuations also continue to speak in Europe's favor, according to BofA's Manish Kabra. The strategist said the equity-bond yield gap in Europe rema
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Nov 14, 2019
MorphoSys AG (ETR:MOR) shareholders might be concerned after seeing the share price drop 10% in the last quarter. But...
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Nov 14, 2019
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.
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Nov 14, 2019
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.
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Nov 14, 2019
Anyone researching Geo Energy Resources Limited (SGX:RE4) might want to consider the historical volatility of the...
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Nov 14, 2019
Walmart's Black Friday 2019 ad includes a 40-inch TV for $98, Apple iPad for $249, Xbox One, Playstation 4, deals on toys, Instant Pot and more.
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Nov 14, 2019
Retailers have 6 fewer days this holiday season, so Walmart is getting an early start.
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Nov 14, 2019
(Bloomberg) -- Hey, baby boomers: lay off the stocks.That's the message from Fidelity Investments in its third-quarter retirement report. Boomers, or the generation born between 1944 and 1964, have been riding a 10-year bull market into retirement, steadily upping bets on stocks to boost 401(k) returns and exposing them to unnecessary risk.More than a third of the generation had crossed over Fidelity's recommended allocation to stocks, which is 70% for those 10 years from retirement. Almost one-tenth of boomers were entirely in equities during the quarter, running the risk of serious losses in a market meltdown.By comparison, almost a quarter of all savers had too much devoted to stocks.Other highlights from the report:Average 401(k) account balance dropped to $105,200, less than a 1% dip from the prior quarter, due to market conditionsFor long-term savers who have been invested in their 401(k)s for 10 straight years, the average balance reached a record $306,500More than 1 million workers contributed to a Roth account, almost a 10-fold increase from a decade agoTo contact the reporter on this story: Michael McDonald in Boston at mmcdonald10@bloomberg.netTo contact the editors responsible for this story: Sam Mamudi at smamudi@bloomberg.net, Vincent Bielski, Josh FriedmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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Nov 13, 2019
We think that it's fair to say that the possibility of finding fantastic multi-year winners is what motivates many...
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Nov 13, 2019
(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 improving efficiency and bringing down costs — resolutely bottom-line work. The bulk of his experience, however, is in the top-line marketing side of the business — finding ways to get the best possible prices for the minerals BHP digs and pumps. That resume harks back to Mackenzie's predecessor.With an upswing in prices for its key commodities of iron ore, coal and oil under way in 2007, BHP appointed Marius Kloppers, a South African veteran of its manganese business, to the chief executive role. Kloppers pushed hard to shift the pricing of first manganese, and then iron ore and coal, toward spot markets that more closely track supply and demand.That helped BHP and its competitors extract additional revenues from their customers as spot prices surged in the years before and after the 2008 financial crisis — but when the market started to turn six years later, the emphasis started to look misplaced. After the demand growth that had supported the capital spending boom of the Kloppers era started to ebb, BHP's operations looked bloated and wasteful.Mackenzie, with a background running petrochemicals for BP Plc and mines for Rio Tinto Group
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Nov 13, 2019
Q3 2019 Tencent Music Entertainment Group Earnings Call
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Nov 13, 2019
(Bloomberg) -- Hangzhou Hikvision Digital Technology Co. Ltd.'s shares fell by the most in more than a month after China's securities regulator opened a probe into alleged misconduct by its billionaire vice chairman.The investigation, announced in a filing Wednesday, deals another blow to the surveillance giant that's blacklisted by Washington. The Chinese seller of video cameras said the China Securities Regulatory Commission is probing two of its board members -- Gong Hongjia and Hu Yangzhong -- adding that the pair are cooperating with authorities.Hikvision is fighting for its survival after the U.S. banned the company in October, accusing it of helping Beijing crack down on Muslim minorities in the far-western region of Xinjiang. The sanction cut Hikvision off from American chipsets needed for its surveillance cameras. The company denies any wrongdoing. Hikvision's shares fell as much as 4.5% on Thursday morning, the biggest decline since Oct. 10.Vice-chairman Gong's fortune peaked in November 2017 at $13 billion but escalating trade tensions between Washington and Beijing have since taken a toll. It's now worth $6.9 billion as of Wednesday's market close in China, excluding about 41% of his stake in Hikvision that's been pledged as collateral, according to the Bloomberg Billionaires Index. That's still up 21.6% since the beginning of this year, mainly tracking the movement of Hikvision shares.Gong was born in eastern China's Zhejiang province in 1965 and holds a computer science degree from Huazhong University of Science and Technology. He later moved to Hong Kong, where he founded his first company, electronics maker Tecsun Radio, according to a report by HSBC on Chinese tyco
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Nov 13, 2019
(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 in the U.S. via a halo device.Launched in late 2004, the first Razr became a cultural icon in the U.S., sold 130 million units and was the face of the phone industry before Apple launched the iPhone in 2007. Motorola's new model has a shot at some fame as well, as it's set to become the first true foldable phone on the market — every other device so far could more properly be described as a foldable tablet — and company executives have told Bloomberg they are confident that their design won't succumb to the durability issues that pushed back Samsung's Galaxy Fold launch.The 2019 Razr is no bargain, but compared to the $1,980 Galaxy Fold or Huawei Technologies Co.'s $2,600 Mate X, it's the most affordable member of the most expensive modern phone category. The compromise that users will have to accept with the Razr is in some of its specifications: it has a small battery at 2,510mAh and runs the older Android 9 Pie opera
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Nov 13, 2019
Q3 2019 Centrais Eletricas Brasileiras SA Earnings Call
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Nov 13, 2019
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.
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Nov 13, 2019
TOKYO/SINGAPORE (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.
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Nov 13, 2019
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.
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Nov 13, 2019
(Bloomberg) -- Explore what's moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Japan's economy slowed sharply in the third quarter as overall exports continued to fall amid trade tensions and a shopping splurge before a sales tax increase ran down stockpiles of goods.The deceleration comes as Prime Minister Shinzo Abe mulls the size of an economic stimulus package aimed at shielding Japan's economy from the global slowdown and the impact of the tax hike. Abe may also need to consider the implications of Tokyo's trade spat with Seoul, as a steep decline in Korean tourist numbers dragged on the economy.Gross domestic product grew at an annualized pace of 0.2% in the three months through September from the previous quarter, the Cabinet Office said Thursday, stuttering from revised growth of 1.8% in the April-June period. Economists had forecast a 0.9% expansion.Stronger business investment combined with robust consumer spending before last month's tax hike helped prop up growth, though rush demand was weaker than expected. The softer jump in consumer spending before the tax increase suggests an expected contraction in the economy in the current quarter will be smaller than feared."Given today's data, I think fiscal spending of 3 trillion yen ($28 billion) would be sufficient for an economic package to keep the economy going," said Takashi Shiono, economist at Credit Suisse Group AG. If the package turns out to be 4 trillion yen or more,
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Nov 13, 2019
Q3 2019 Altice Europe NV Earnings Call
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Nov 13, 2019
Q3 2019 Vivus Inc Earnings Call
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Nov 13, 2019
Q3 2019 EOG Resources Inc Earnings Call
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Nov 13, 2019
Q2 2020 Asahi Kasei Corp Earnings Presentation
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Nov 13, 2019
Investing.com - Gold prices gained on Thursday in Asia following the release of weak economic data coming out from China, Japan and Australia. Sino-U.S. trade uncertainties also attracted some safe-haven demand.
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Nov 13, 2019
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."
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Nov 13, 2019
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 Trump.
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Nov 13, 2019
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 take rides.
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Nov 13, 2019
The US oil industry is bracing for a major change in federal energy policy if a democrat wins the 2020 elections
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Nov 13, 2019
Fortescue Metals Group lost out in its bid to develop two blocks at the Simandou iron ore deposit in Guinea, the Australian miner said on Thursday. A China-backed consortium of French, Singaporean and Guinean interests won the tender through its $14 billion bid, sources told Reuters on Wednesday. Fortescue said the Guinean government told them it would go ahead with "detailed negotiations" with the preferred bidder in the coming months.
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Nov 13, 2019
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.
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Nov 13, 2019
A closer look at the growth potential of stocks that seem to be on the rebound Continue reading...
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Nov 13, 2019
SoftBank's Yahoo Japan, one of Japan's top internet firms, confirmed it is in talks to merge with Line Corp , a $27 billion union that would bring the messaging app operator under the SoftBank umbrella in a major tech shake-up. Yahoo Japan, which last month changed its name to Z Holdings , said on Thursday discussions were underway with Line but nothing had been decided. SoftBank Corp , which owns almost half of Z Holdings, also acknowledged the talks.
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Nov 13, 2019
(Bloomberg Opinion) -- Jack Ma is riding high this week. Alibaba Group Holding Ltd., the company he founded, has won approval to forge ahead with a Hong Kong share sale that could raise at least $10 billion. On Monday, China's largest e-commerce company logged more than $38.3 billion of purchases during its annual Singles' Day shopping event, a new record. The rest of China's retail sector hasn't been so lucky. Just as shoppers were placing gadgets in their carts, investors were selling their consumer stocks. In two days, Gree Electric Appliances Inc. of Zhuhai and peer Midea Group Co. tumbled 7.4% and 6.2%. That's despite electronics companies notching a 30% rise in sales this Singles' Day.What explains the selloff?Blame Jack the Ripper. He's killing the most beloved trade in China's $12 trillion stock market: a bet on consumers. The retail sector, excluding cars, has been remarkably resilient this year.Now Alibaba's Singles' Day has kicked off a price war. Over the weekend, Gree announced it would forgo 3 billion yuan ($427.5 million) in profit just to please China's lonesome hearts. Its air conditioners sold for as little as 1,399 yuan, a 42% discount, both online and at the company's thousands of retail outlets. China's biggest electronics makers have been caught in a three-way race, so it's little surprise that rivals from Midea to Haier Electronics Group Co. quickly followed suit.Investors were already looking at Monday's stellar statistics with suspicion, after an alarming report over the weekend that producer prices fell ag
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Nov 13, 2019
The U.S. Senate Commerce Committee will hold a Nov. 20 hearing on the testing and deployment of self-driving vehicles that will include top U.S. safety officials, as Congress has struggled to pass legislation on autonomous vehicles. The hearing will come one day after the National Transportation Safety Board (NTSB) meets to determine the probable cause of a March 2018 Uber Technologies Inc self-driving vehicle crash that killed a pedestrian in Arizona. Documents made public by the NTSB last week show Uber's system had significant flaws and was not programmed to detect a jaywalking pedestrian.
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Nov 13, 2019
The modern geopolitical landscape is especially complicated, but no country is more vulnerable than those with high reserves of oil and gas
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Nov 13, 2019
(Bloomberg) -- Fannie Mae and Freddie Mac's regulator said the mortgage giants will likely be ready for public offerings by 2021 or 2022, a key step toward their exits from government control.Federal Housing Finance Agency Director Mark Calabria, speaking Wednesday at a housing finance policy conference in Washington, said he expects that his agency will have a rule dictating capital requirements in place before Fannie and Freddie go to market. He said they may face a period where they operate under a consent decree in which they technically exit conservatorship but aren't free of the government's grip."If all goes well, 2021, 2022 we will see very large public offerings from these companies," Calabria said at an event sponsored by the American Association of Residential Mortgage Regulators and the Conference of State Bank Supervisors. "The consent decree will be able to give that window where they can go to market, do an offering and still operate under a way where we've got some prudential safeguards."Calabria said that under his timeline, the companies could exit U.S. control by 2022 or 2023.While Calabria has stressed his work is not "calendar-driven, but process-driven" the timeline he laid out may disappoint investors who were hoping that the companies would be freed sooner. It also means that prospects for housing-finance reform as envisioned by Trump administration appointees probably hinges on the president's re-election next year. The Treasury Department is required to sign off on a number of changes to allow for Fannie and Freddie to exit conservatorship.Fannie fell 5% to $3.05 in New York trading Wednesday, while Freddie slipped 1.7% to $2.90. The shares were up before
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Nov 13, 2019
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
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Nov 13, 2019
(Bloomberg) -- For years the agriculture industry has been expecting a wave of consolidation that just hasn't come. To battle razor-thin margins, the world's top crop traders have come up with a new strategy: working together.Rivals Archer-Daniels-Midland Co. and Cargill Inc. now have a soybean joint venture in Egypt and recently swapped grain elevators in the U.S. Midwest. The two firms, along with Bunge Ltd., Louis Dreyfus Co., Glencore Plc and China's Cofco International Ltd. are also teaming up in a blockchain technology project that will streamline shipping transactions and reduce costs."The name of the game in traditional ag services and oilseeds is consolidation," Ismael Roig, ADM's president for Europe, Middle East and Africa, said Wednesday at the Global Grain conference in Geneva. "Consolidation is easier said than done, and there aren't many large companies with which you can do a large consolidation, so what we've been working on is a lot of joint ventures and alliances."The buzz about consolidation has waned since President Donald Trump's trade wars hurt companies' ability to forecast trends and therefore properly value assets. At the same time, Glencore's agriculture unit, which had previously approached Bunge, has gone quiet amid a Department of Justice investigation into the parent company. Chris Mahoney, the chief executive officer that laid out Glencore's agriculture ambitions, also retired.Agricultural commodity merchants have struggled to make money as years of bumper crops curbed the volatility traders need to thrive. At the same time, competition has increased as more companies have entered the market. That spurred speculation the industry would con
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Nov 13, 2019
A bipartisan group of U.S. Representatives asked officials at the Energy Department on Wednesday how Centrus Energy Corp, a company whose chief recently served as deputy at the department, won a federal contract to demonstrate a production method for a new nuclear power plant fuel. The Department of Energy (DOE) issued a notice of intent in January to award a no-bid $115 million contract to Centrus to demonstrate by June 2022 production of a new fuel called high-assay low-enriched uranium, known as HALEU, which one day could be used in advanced nuclear reactors.
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Nov 13, 2019
JetBlue Airways Corporation (NASDAQ: JBLU) is moving to match competitors by offering a new basic economy fare for passengers who are willing to give up early seat selection and the ability to change a flight. JetBlue said Tuesday it would begin rolling out "Blue Basic" fares on a couple of routes. Most JetBlue flight searches Tuesday didn't yet turn up the Blue Basic fares, so it's hard to compare the new prices.
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Nov 13, 2019
U.S. legislators are making slow progress negotiating the bill that will set spending policy for the Department of Defense in 2020, the head of the U.S. House of Representatives Armed Services Committee said on Wednesday. The Democratic-majority House and the Republican-controlled Senate have each passed their own versions of the National Defense Authorization Act (NDAA), which sets spending policy. Negotiations to reach a compromise between the House and Senate versions of the bill have been under way since September https://www.reuters.com/article/us-usa-defense-spending/border-wall-iran-space-force-among-hurdles-for-700-billion-u-s-defense-bill-idUSKBN1W42XL, but have progressed slowly, Smith said, citing several canceled meetings with Republicans.
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Nov 13, 2019
Q3 2019 Kingsoft Corp Ltd Earnings Call
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