Wendy’s Co. is known for its spicy Twitter feed, and the fast-food chain is turning up the heat on its competitors ahead of the launch of its breakfast menu. In the lead up, the company has taken aim at McDonald’s Corp. MCD, -2.79% and Burger King, a Restaurant Brands InternationalRead More →
Facebook (FB) may have looked down and out over the last year and a half, but there’s more opportunity now in Facebook’s future than just a few short quarters ago. Expenses have peaked as headcount growth has been meaningfully reined in throughout 2019. Operating margins did not suffer outside ofRead More →
By Simon Jessop LONDON (Reuters) – German fund manager Allianz Global Investors is pushing every company it invests in to improve their climate-related disclosures ahead of the season for annual shareholder meetings. Allianz GI, which manages 557 billion euros ($605.18 billion) as part of insurer Allianz (DE:), said it hadRead More →
The economic calendar is modest, but important, with an emphasis on inflation and confidence – both business and consumer. We will see reports from over 60 S&P 500 companies, and the results of the New Hampshire primary. That includes plenty of real news, but I expect a somewhat different focus.Read More →
Tonix Pharmaceuticals (NASDAQ:TNXP) reported favorable results for the tests on its lead drug candidate TNX 102 SL. The pharma company had conducted fed-fasting and dose proportionality tests of the drug candidate in healthy volunteers. The data will be used to support a New Drug Application for treating post-traumatic stress disorderRead More →
Investment Thesis Adaptive Biotechnologies Corporation (ADPT) has declined ~36% since its IPO in late July last year, at a time Nasdaq Biotechnology Index has risen ~9%. Despite its foray into therapeutics and early diagnostics, the company’s tissue-based cancer detection is still confined to a few less common cancers. Meanwhile, itsRead More →
Japanese stocks edged higher Monday as investors looked for trading clues ahead the Bank of Japan’s start to its two-day policy meeting. The earnings season in Japan is also set to start later this week. The Nikkei was up 56 points in early trading, with the U.S. dollar trading atRead More →
Despite the volatility in the oil trade, the United States Brent Oil Fund (BNO) has delivered a strong 19% return over the last year. This trade has seen its ups and downs, but over the last few months, we have witnessed a consistent and strong rally in the commodity. ItRead More →
© Reuters. A man is reflected on a board showing stock prices outside a brokerage in Tokyo By Tomo Uetake TOKYO (Reuters) – Stocks were steady in early Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments fromRead More →
Asian markets were mixed in subdued early trading Monday, ahead of the signing of a “phase one” trade deal between the U.S. and China later this week. The world’s two largest economic powers are scheduled to sign the phase-one deal Wednesday in Washington, with China reportedly agreeing to buy moreRead More →
© Reuters. Investing.com – Asian markets traded mostly higher on Monday morning ahead of the potential signing of the U.S.-China partial trade deal due this week. China’s Shanghai Composite was little changed by 10:30 PM ET (02:30 GMT), while the gained 0.3%. The U.S. is due to ink the longRead More →
Five IPOs plan to raise $444 million in the week ahead. Chinese apartment rental platform Phoenix Tree Holdings (DNK) plans to raise $164 million at a $3.1 billion market cap. Operating under the name Danke Apartment, the company operates 391,911 units in China. Close peer Q&K International (NASDAQ:QK) is downRead More →
The economic calendar features the employment situation report at week’s end with a preview from the ADP on Wednesday. In my early WTWA preparation I expected some reallocation action by those returning from vacation, and a focus on employment as a key economic read. I still believe that both willRead More →
My title today derives from a quotation attributed to rear admiral David Farragut during the 1864 Battle of Mobile Bay. The actual sequence went more like this: Damn those torpedoes! “From his high perch, where he was lashed to the rigging of his flagship, USS Hartford, Farragut could see theRead More →
“If we are forcing these drivers to go like bats out of hell to get this stuff all over town, that’s OK, because we are making it great for our customers. The human cost of this is too much.” That’s what a former Amazon.com Inc. manager, who quit in frustrationRead More →
By Julie Zhu and Kane Wu HONG KONG (Reuters) – China National Chemical Corp, or ChemChina, has approached Chinese state-backed investors for up to $10 billion in funding as part of a reorganisation of its agrichemicals business ahead of a public float, according to five people familiar with the situation.Read More →
Just two micro-cap companies are expected to IPO as we enter the last week before the holidays. Micro-cap onshore E&P Indonesia Energy (INDO) is expected to raise $15 million at a $75 million market cap. The company operates one production block and one exploration block, and production peaked at 400Read More →
© Reuters. Investing.com – Stocks moved lower on Monday ahead of a Federal Reserve meeting this week and worries about U.S.-China trade talks. The dropped 0.32%. The slid 0.38%, and the index fell 0.45%. The pullback was probably to be expected after Friday’s big rally triggered by the bullish NovemberRead More →
Investment thesis Euronav is one of the best tanker companies in the world yet it does not trade at a premium to peers, in fact it currently trades at a discount to many of the other top names. Euronav has a very strong balance sheet and in a strong marketRead More →
European stocks rose slightly on Friday, as cautious optimism about U.S. employment numbers to be released later in the day prevailed over news that the fall of German industrial production in October proved worse than expected. The Stoxx Europe 600 (TICKER:XX:SXXP) was up 0.4% to 404.26 The U.K. FTSE 100Read More →
Asian markets gained in early trading Friday after a senior Chinese official said negotiations for a phase-one trade deal with the U.S. are progressing. Gao Feng, China’s minister of commerce, said Thursday that negotiators are in “close communication” and offered reassurances despite recent tensions. However, he also emphasized that ChinaRead More →
Yields on U.S. government debt rose Wednesday as Treasury prices gave back some of the previous session’s large gains following a news report that said the U.S. and China remained on track to complete a phase-one trade deal before a Dec. 15 deadline despite President Trump’s comments about a delayRead More →
It may seem as if Britain has been mired in political turmoil forever, but the stalemate over Brexit and the U.K.’s future may come to an end next week when the public goes to the polls. Political uncertainty over the past 3½ years has caused unprecedented volatility in the poundRead More →
The private equity buyers of Inmarsat refused to bow to shareholder pressure and increase their $3.4bn bid for the U.K. satellite company on Monday, just one day before a scheduled court hearing to approve the deal. The buyout consortium, which includes Apax Partners, Warburg Pincus, Canada Pension Plan Investment BoardRead More →
© Reuters. Investing.com – On Thanksgiving Day, bulls will surely be thankful for a decent economy and low interest rates that have combined to push stocks to new highs. The , , and hit all-time highs and closing highs on a quiet day of trading. U.S. markets will be closedRead More →