Support For Donald Trump’s Impeachment Is Now Higher Than His Approval Rating More Virtually every single poll tracking President Donald Trump’s approval rating showed the figure plummeting Monday morning, well below the margin of error compared to the rising level of support for impeachment. The results follow Trump’s controversial decision to withdraw the United States from the Paris […]
Category: Newsroom
25-year-old contractor accused of leaking top-secret NSA document is facing espionage charges
(Reality Leigh Winner Screenshot via Twitter) The 25-year-old federal contractor who was arrested on suspicion of leaking top-secret intelligence to a news outlet has reportedly confessed to an agent, The New York Times reported on […]
Canadian fintech Wave raises $24 million from RBC and other investors
Toronto-based Wave, a Canadian financial technology (fintech) firm that offers financial management software to small businesses, has received $32 million CAD ($23.8 million) in capital from investors including the Royal Bank of Canada (RBC), Exhibition Capital and National Australia Bank (NAB). Related: Is This The End Of Banking As We Know It? Other investors in […]
Citadel Has a Big Short Against a Company Buffett Invested In
People stand in front of the LANXESS headquarter in Cologne, western Germany, on October 2, 2014. Lanxess is one of the leading chemical companies worldwide. AFP PHOTO / PATRIK STOLLARZ (Photo credit should read PATRIK STOLLARZ/AFP/Getty Images) Warren Buffett and Ken Griffin’s firms have taken opposing bets on a German chemical company. Berkshire Hathaway Inc.’s […]
Red-hot tech stocks are getting a boost from an unexpected source
That’s been the logic employed by tech stock bears who have thrown in the towel on short positions over the last year. And the buying volume that results from what’s commonly referred to as a “short squeeze” has been a crucial driver of tech gains during the period. What’s more, active managers have actually slightly […]
Oil Strategist Says OPEC Won’t Hold U.S. Hostage
In today’s “Futures in Focus,” Todd Horwitz, chief strategist at Bubba Trading, and Bloomberg’s Vonnie Quinn examine the impact of OPEC and the U.S. dollar on the oil market. They speak on “Bloomberg Markets.” Don’t Miss: Bullfrog Gold Raises $816,000 Of Equity To Advance Its Nevada Gold Project Is This Tiny Gold Mining Company […]
Stocks take a breather after a run of records as traders digest economic data
The bulls are trying to catch their breath after the stock market’s string of records. Stocks started the week mixed as investors weigh a fresh batch of economic data after the Memorial Day weekend. Meanwhile, oil prices are lower on concerns that production cuts will not be enough to reduce the global supply glut. Yahoo […]
United Facing $435,000 Fine Over Operating Flights With Unfit Plane
The U.S. Federal Aviation Administration on Tuesday proposed fining United Airlines (UAL) $435,000 for operating 23 flights in 2014 using a Boeing (BA) 787 that the government claims was not in a condition to fly, according to Reuters. The FAA alleged that in June 2014, United mechanics replaced a fuel pump pressure switch on the […]
World’s Most Painful Short Just Gets Worse for Evergrande Bears
Evergrande’s stock price has more than tripled this year Almost all shares available for lending ‘spoken for’: Markit Xia Haijun, president and chief executive officer of China Evergrande Group. Photographer: Anthony Kwan/Bloomberg China Evergrande Group’s astonishing share rally has resulted in the world’s most painful short trade this year. To add insult to injury, bearish […]
Thailand to Take on Singapore With $5.7 Billion Airport Overhaul
Junta wants to create second Asian aircraft maintenance hub Thailand investment board says FDI recovering from 2014 fall Thailand is seeking to take on Singapore’s dominance in aircraft maintenance, repair and overhaul with a $5.7 billion upgrade of a Vietnam War-era airport. Lockheed Martin Corp.’s Sikorsky Aircraft is the latest company to study a possible […]
Reliance Communications Battered Again as Debt Troubles Mount
Fitch Ratings, Lucror flag potential liquidity crunch Size of company debt has become unmanageable: K M Visaria Brutal competition and 457 billion rupees ($7 billion) of borrowings have finally caught up with billionaire Anil Ambani’s Reliance Communications Ltd. The Indian wireless operator rattled investors with its first full-year net loss amid signs it’s struggling to […]
MSCI Boost May Give Pakistan Market $500 Million ‘Headache’
Brokers have limited capital for high-value trades: EFG-Hermes Pakistan to be added to MSCI’s emerging market index on June 1 EFG-Hermes Holdings SAE expects Pakistani equities to be so popular with overseas funds this week that the country’s stock market could attract more money than it can handle the day before MSCI Inc. restores the […]