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Amazon did not want to face Ocasio-Cortez: NY state lawmaker

New York State Assemblyman Ron Kim (D) discusses how the Arlington County Board approved a $23 million incentives package for Amazon. Kim also weighed in on a new poll, which stated that Rep. Alexandria Ocasio-Cortez (D-N.Y.) is now seen as New York’s “biggest villain” when it comes to Amazon’s decision to pull part of its second headquarters out of NYC.

  • Exclusive: Italy's UniCredit puts possible Commerzbank bid on ice for now - sources
    Business
    Reuters

    Exclusive: Italy's UniCredit puts possible Commerzbank bid on ice for now - sources

    LONDON/MILAN (Reuters) - Italy's UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said. UniCredit had stepped up preparations for a potential takeover of Commerzbank by engaging Lazard and its banker Joerg Asmussen, a former German deputy finance minister, along with JP Morgan, people familiar with the matter said in May. Mustier has been forced to put his ambitions on the backburner as Commerzbank has asked for some "breathing space" and is not ready to negotiate another deal just yet, the sources said.

  • Stock Market Weakens On Fed Chief Powell Remarks; Drug Stocks, Defense Shares Gain
    Business
    Investor's Business Daily

    Stock Market Weakens On Fed Chief Powell Remarks; Drug Stocks, Defense Shares Gain

    Stocks fell back in afternoon trading Tuesday as traders digested remarks by Fed chief Jerome Powell to the Council on Foreign Relations. Drug stocks Allergan and Incyte were among the few bright spots. Markets began weakening following remarks from St. Louis Federal Reserve Bank President James Bullard that a quarter-point interest rate cut would be appropriate.

  • Chinese buyers are pulling out of New York real estate in droves
    Business
    Quartz

    Chinese buyers are pulling out of New York real estate in droves

    China's capital controls are making their mark on New York's luxury real estate market. In an effort to shore up its currency, the world's second biggest economy has been cracking down on money leaving the country, and there are significant concerns (paywall) about its real estate developers' levels of US dollar debt. Having briefly been the main movers and shakers in New York real estate, Chinese developers have fallen behind the Canadians, the Germans and the Dutch.

  • Here’s What Hedge Funds Think About Greenhill & Co., Inc. (GHL)
    Business
    Insider Monkey

    Here’s What Hedge Funds Think About Greenhill & Co., Inc. (GHL)

    Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. In the following paragraphs, we find out what the billionaire investors and hedge funds think of Greenhill & Co., Inc. (NYSE:GHL). Greenhill & Co., Inc. (NYSE:GHL) was in 15 hedge funds' portfolios at the end of March.

  • Natural Gas Price Prediction – Prices Remain Flat Despite Rise in LNG Exports
    Business
    FX Empire

    Natural Gas Price Prediction – Prices Remain Flat Despite Rise in LNG Exports

    Natural gas prices were unchanged on Tuesday and continue to face short covering. There are no current tropical events in the Atlantic according to the National Oceanic Atmospheric Administration. Natural gas prices were steady on Tuesday and are poised to test the former breakdown level near 2.31, which coincides with the 10-day moving average.

  • Abbvie confirms deal to buy Allergan for $63B
    Business
    Yahoo Finance Video

    Abbvie confirms deal to buy Allergan for $63B

    Abbvie has confirmed their purchase of Allergan for $63 billion. Yahoo Finance's Adam Shapiro, Julie Hyman, and Rick Newman join Interactive Brokers Chief Strategist Steve Sosnick and Bloomberg Intelligence Analyst Sam Fazeli to discuss.

  • 3 Energy Dividends You Shouldn't Overlook
    Business
    Motley Fool

    3 Energy Dividends You Shouldn't Overlook

    But the last few years have shown more volatility in energy dividends than investors might want. Oil price volatility has affected everyone from oil drillers to marketers. Even utilities have fallen as far as going bankrupt.

  • How Much Money Should You Keep In Your Checking Account At One Time?
    Business
    Fatherly

    How Much Money Should You Keep In Your Checking Account At One Time?

    There are no silly questions when it comes to money management, only lost savings. As far as the amount of money you should have in each account, there really is a balancing act here. It's so important to have funds readily available when you need them, which is the great thing about deposit accounts.

  • Business
    Thomson Reuters StreetEvents

    Edited Transcript of HEXO.TO earnings conference call or presentation 13-Jun-19 12:30pm GMT

    Q3 2019 Hexo Corp Earnings Call

  • Introducing Rafael Holdings (NYSEMKT:RFL), The Stock That Zoomed 155% In The Last Year
    Business
    Simply Wall St.

    Introducing Rafael Holdings (NYSEMKT:RFL), The Stock That Zoomed 155% In The Last Year

    We'll need to follow Rafael Holdings for a while to get a better sense of its share price trend, since it hasn't been listed for particularly long. Rafael Holdings isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option.

  • Hedge Funds Have Never Been This Bullish On TELUS Corporation (TU)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On TELUS Corporation (TU)

    Hedge fund activity in TELUS Corporation (NYSE:TU) Heading into the second quarter of 2019, a total of 13 of the hedge funds tracked by Insider Monkey were long this stock, a change of 18% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards TU over the last 15 quarters. So, let's find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

  • Business
    Fox Business

    Ford, GM don’t make the most 'American-made’ car. Here's who does.

    The majority of U.S. customers are eager to purchase an “American made” vehicle, but the bulk of the top 15 cars that contribute the most to the economy are actually produced by foreign automakers, according to a new ranking released on Tuesday. The most American-made vehicle in 2019, which includes criteria such as the number of factory jobs and where parts are sourced, was the Jeep Cherokee, according to Cars.com annual ranking. While it is built in Belvidere, Illinois, Jeep is owned by Italian-American carmaker Fiat Chrysler.

  • Why Teva Pharmaceutical Industries, Mesoblast, and New Gold Jumped Today
    Finance
    Motley Fool

    Why Teva Pharmaceutical Industries, Mesoblast, and New Gold Jumped Today

    Fed Chair Jerome Powell gave a speech that included comments about the likely course of monetary policy, and he noted that a "backdrop of heightened uncertainties" could be a wild card even with generally favorable conditions at present. Teva Pharmaceutical Industries (NYSE: TEVA), Mesoblast (NASDAQ: MESO), and New Gold (NYSEMKT: NGD) were among the top performers. Shares of Teva Pharmaceutical Industries picked up 7% after the generic-drug specialist received court approval to move forward with a settlement proposal.

  • Here’s What Hedge Funds Think About BeiGene, Ltd. (BGNE)
    Business
    Insider Monkey

    Here’s What Hedge Funds Think About BeiGene, Ltd. (BGNE)

    World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients' money after undertaking a rigorous examination of any potential stock. Hedge fund interest in BeiGene, Ltd. (NASDAQ:BGNE) shares was flat at the end of last quarter. At the end of this article we will also compare BGNE to other stocks including Steel Dynamics, Inc. (NASDAQ:STLD), Tyler Technologies, Inc. (NYSE:TYL), and Kimco Realty Corp (NYSE:KIM) to get a better sense of its popularity.

  • FedEx Q4 Results
    Business
    Yahoo Finance Video

    FedEx Q4 Results

    Yahoo Finance's Seana Smith shares FedEx releases their 4th quarter earnings results with revenue coming in line with expectations. Jen Rogers, Myles Udland, and Yahoo Finance's Melody Hahm discuss on The Final Round.

  • Why Rite Aid Stock Popped Today
    Business
    Motley Fool

    Why Rite Aid Stock Popped Today

    What happened Shares of Rite Aid (NYSE: RAD) were moving higher on Friday as investor enthusiasm for the stock surged after news of yet another acquisition deal in the healthcare industry, and as the market is anticipating the struggling pharmacy chain's first-quarter earnings report out tomorrow afternoon. The stock closed up 8.7% after gaining as much as 10.5% earlier in the session. So what This morning, AbbVie, the drugmaker best known for Humira, said it would acquire Botox maker Allergan for $63 billion, a move that sent shares of the target company up 25%.

  • Why Shopify, Brighthouse Financial, and Zillow Group Slumped Today
    Business
    Motley Fool

    Why Shopify, Brighthouse Financial, and Zillow Group Slumped Today

    Tuesday was a tough day on Wall Street, with market participants moderating their enthusiasm toward the strength of the U.S. economy. Investors have been optimistic, but comments from Fed Chair Jerome Powell about the possibility of an economic downturn threw some cold water on the positive mood. Shopify (NYSE: SHOP), Brighthouse Financial (NASDAQ: BHF), and Zillow Group (NASDAQ: Z) (NASDAQ: ZG) were among the worst performers.

  • The Surprising Pot Stock Forecast to Lead the Industry in 2020 Sales
    Business
    Motley Fool

    The Surprising Pot Stock Forecast to Lead the Industry in 2020 Sales

    These five well-known marijuana stocks should top $500 million in 2020 sales Five of the six names are companies you'd likely expect to find as top revenue producers. For example, the three largest marijuana growers by peak annual output -- Aurora Cannabis (NYSE: ACB), Canopy Growth (NYSE: CGC), and Aphria (NYSE: APHA) -- rank fourth, second, and third, respectively, in fiscal 2020 sales, based on Wall Street's consensus. Aurora Cannabis should be yielding 625,000 kilos on an annual run-rate basis by the end of fiscal 2020 (June 30, 2020), with Canopy Growth likely pushing north of 500,000 kilos yearly, and Aphria hitting its max annual output of 255,000 kilos by the midpoint of 2020.

  • ‘Rich Dad, Poor Dad’ Robert Kiyosaki on the looming market crash, ‘God’s money,’ and why he’s looking like a genius
    Business
    MarketWatch

    ‘Rich Dad, Poor Dad’ Robert Kiyosaki on the looming market crash, ‘God’s money,’ and why he’s looking like a genius

    'Gold is God's money... The Fed has destroyed the monetary system of the world along with its central banks. In my opinion they went criminal... So when I watch Wall Street, I watch the price of stocks and I watch what the Fed is doing — I just get nauseous.

  • Mercedes Isn't Looking Too Reliable These Days
    Business
    Bloomberg

    Mercedes Isn't Looking Too Reliable These Days

    “A defeat device, a function which illegitimately reduces emissions during testing, has never been and will never be used at Daimler. If Daimler shareholders concluded from that statement that the company wouldn't have to recall any diesel vehicles, or that it wouldn't face any financial or legal repercussions related to its diesel emissions, they've been sorely disappointed. On Sunday Daimler warned of a high three-digit million euro hit to profit because of provisions for “various ongoing governmental proceedings and measures relating to diesel vehicles,” without saying what these were.

  • Is The Hain Celestial Group, Inc. (HAIN) A Good Stock To Buy?
    Business
    Insider Monkey

    Is The Hain Celestial Group, Inc. (HAIN) A Good Stock To Buy?

    Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments. According to most investors, hedge funds are seen as unimportant, outdated financial tools of yesteryear.

  • Here’s What Hedge Funds Think About Natural Health Trends Corp. (NHTC)
    Business
    Insider Monkey

    Here’s What Hedge Funds Think About Natural Health Trends Corp. (NHTC)

    Natural Health Trends Corp. NASDAQ:NHTC) has experienced an increase in hedge fund interest of late. Our calculations also showed that NHTC isn't among the 30 most popular stocks among hedge funds.

  • Gold Breaches $1,400: What’s the Next Stop?
    Business
    Market Realist

    Gold Breaches $1,400: What’s the Next Stop?

    Gold is now trading close to a six-year high following the Fed's dovish pivot at its June policy meeting. After being range bound for the last five years, gold has finally broken out and its outlook is bullish.

  • U.S. consumer debt is now above levels hit during the 2008 financial crisis
    Business
    MarketWatch

    U.S. consumer debt is now above levels hit during the 2008 financial crisis

    Consumer debt is growing to worrisome levels. Ben Mohr, senior research analyst of fixed income at investment consultant Marquette Associates, calculated that total U.S. consumer debt hit $14 trillion in the first quarter of 2019, surpassing the roughly $13 trillion of leverage accumulated in credit cards, auto loans and mortgages and other debt back in 2008, when those souring loans and securities pegged to them helped to send global markets into a tailspin (see attached chart). Mohr told MarketWatch that the increase in student loans — often cited as a source of consternation for economists and strategists — saw a notable increase.

  • AeroVironment's 2020 Outlook Clips Its Wings
    Business
    Motley Fool

    AeroVironment's 2020 Outlook Clips Its Wings

    The potential for aircraft without human pilots to serve military and commercial purposes has never been greater, and investors have been adamant that AeroVironment (NASDAQ: AVAV) should be one of the biggest beneficiaries of this growing trend. Recently, the company has made big efforts to bounce back from some past setbacks, and many had gotten optimistic that this would finally be the time that AeroVironment made the most of its opportunities. Coming into Tuesday's fiscal fourth-quarter financial report, AeroVironment shareholders were ready to deal with declines in quarterly revenue and profit, but they still wanted to see hope for a stronger fiscal 2020.