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  • China Suffers Biggest Dollar Bond Default By State-Owned Company in Two Decades
    Business
    Bloomberg

    China Suffers Biggest Dollar Bond Default By State-Owned Company in Two Decades

    This is one form of default based on our definition,” said Ivan Chung, a Hong Kong-based analyst at Moody's Investors Service, noting that the debt revamp has resulted in losses for investors. The debt restructuring plan, first of its kind for a Chinese state-run enterprise in the dollar bond market, came ahead of $300 million dollar bond maturity on Dec. 16, one of the four notes covered by Tewoo's debt restructuring plan. Tianjin State-owned Capital Investment and Management, its offshore debt manager, said on an investor call last month that Tewoo is very likely to default on this paper.

  • Business
    Thomson Reuters StreetEvents

    Edited Transcript of FEYE earnings conference call or presentation 29-Oct-19 9:00pm GMT

    Q3 2019 FireEye Inc Earnings Call

  • Al Gore Buys 2 Stocks, Cuts Nvidia in 3rd Quarter
    Business
    GuruFocus.com

    Al Gore Buys 2 Stocks, Cuts Nvidia in 3rd Quarter

    Twilio Generation Investment Management established a new position of 932,356 shares in Twilio, impacting the equity portfolio by 0.7%. Shares traded at an average price of $129.82 during the quarter. Twilio is a provider of cloud-based communications platforms that allows companies to communicate more easily and efficiently with their clients.

  • Lululemon down after hours following Q3 results
    Business
    Yahoo Finance Video

    Lululemon down after hours following Q3 results

    Despite beating revenue and earnings expectations for Q3, Lululemon stock is down in after hours trading.

  • China’s Curing Cancer Faster and Cheaper Than Anywhere Else
    Business
    Bloomberg

    China’s Curing Cancer Faster and Cheaper Than Anywhere Else

    The discovery set Zhang and his family, from a village deep in the mountains of southwestern China's Sichuan province, on a journey familiar to most cancer patients — a revolving door of hospital visits, blood tests and three rounds of chemotherapy. It was then that Zhang's doctor suggested a last-ditch option: an experimental gene therapy being trialed by a Chinese startup called Gracell Biotechnology Ltd. After spending three weeks in the hospital in May — during which white blood cells were removed from his body, genetically engineered, and then infused back in — an analysis of Zhang's bone marrow in June showed his body was clear of cancer.

  • US, China working to delay Dec 15 tariffs: report
    Business
    AFP

    US, China working to delay Dec 15 tariffs: report

    US and Chinese officials are working on a deal to postpone tariffs set to hit Chinese imports in five days, according to a media report on Tuesday. Delaying the new duties, which cover about $160 billion in imports from China, including consumer favorites like mobile phones, could help reassure markets the two sides are making progress towards ending their trade war. Officials in Washington and Beijing say they now expect to continue talking beyond December 15, when the tariffs are due to kick in, according to The Wall Street Journal.

  • Lenovo denies ripping off Nokia's technology
    Business
    American City Business Journals

    Lenovo denies ripping off Nokia's technology

    A court battle between two giant electronics companies – Lenovo and Nokia – continues this week. Nokia filed a federal lawsuit in North Carolina in September, accusing Lenovo of ripping off a technology it describes as being “essential to decoding video” for devices like laptops and tablets. Lenovo has benefited greatly from Nokia's innovations, which have enabled Lenovo products to more efficiently and effectively stream high quality video,” Nokia claimed in its initial suit, filed Sept.

  • Did Intellia Therapeutics, Inc. (NASDAQ:NTLA) Insiders Buy Up More Shares?
    Business
    Simply Wall St.

    Did Intellia Therapeutics, Inc. (NASDAQ:NTLA) Insiders Buy Up More Shares?

    Do Insider Transactions Matter? It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. Insider transactions are not the most important thing when it comes to long-term investing.

  • China retaliatory tariffs cost billions in lost consumption: study
    Politics
    Reuters

    China retaliatory tariffs cost billions in lost consumption: study

    Tariffs slapped by China on U.S. products cost the most affected communities billions of dollars in lost auto sales in 2018 as the hit to local incomes undercut household spending, according to an analysis released on Wednesday by the National Bureau of Economic Research. "Changes in trade policy had large effects on consumption," wrote Waugh, who analyzed county-level auto sales data before and after China retaliated against U.S. tariffs by imposing levies of its own, most notably on U.S. grown soybeans and pork. The counties most exposed to tariffs, notably those in the agricultural Midwest, had auto sales roughly 2.5 percentage points lower than in counties whose local economies were less exposed to Chinese retaliation.

  • Business
    TheStreet.com

    Dow Futures Rise, Dollar Lags After Fed Decision; Trade and Election Risk Cap Gains

    The Thursday Market Minute Global stocks grind higher after a dovish decision on interest rates from the Federal Reserve, with gains held back by headline risks from UK elections and U.S.-China trade. Fed Chair Powell says U.S. economy in "good shape" heading into 2020 as colleagues vote unanimously to hold rates steady at 1.5% to 1.75%. President Trump will meet his senior trade team in Washington today to discuss the fate of December 15 tariffs on $160 billion in China-made goods that could escalate tensions in the 18-month long trade dispute.

  • CEO Chuck Robbins: Silicon launch is biggest company news in years
    Business
    American City Business Journals

    CEO Chuck Robbins: Silicon launch is biggest company news in years

    Cisco Systems' announcement Wednesday that it had started selling its own silicon architecture is one of the most significant developments at the San Jose networking giant in recent years, the company's CEO told the Silicon Valley Business Journal. CEO Chuck Robbins told the Business Journal at a launch event in San Francisco that the new “Internet for the Future” initiative was the most important revelation from the company since Cisco launched its Digital Networking Architecture in 2017. Most significantly, the company announced Cisco Silicon One, a silicon architecture that has been in development for five years and is now on the market in its first iteration, Cisco Silicon One Q100.

  • Is Chesapeake Energy Corporation (CHK) Going To Burn These Hedge Funds ?
    Business
    Insider Monkey

    Is Chesapeake Energy Corporation (CHK) Going To Burn These Hedge Funds ?

    Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren't very good. This year hedge funds' top 20 stock picks easily bested the broader market, at 37.4% compared to 27.5%, despite there being a few duds in there like Berkshire Hathaway (even their collective wisdom isn't perfect). Chesapeake Energy Corporation (NYSE:CHK) shareholders have witnessed a decrease in hedge fund sentiment recently.

  • This is how dangerous ‘dollar-cost ravaging’ can be for your retirement
    Business
    MarketWatch

    This is how dangerous ‘dollar-cost ravaging’ can be for your retirement

    Dollar-cost averaging is a popular strategy in which an investor purchases an asset at regularly timed intervals to mitigate the risk of buying too high. If you are contributing to your 401(k) plan with every paycheck and building positions in various mutual funds, that's essentially what you're doing. Mark Peterson, a strategist at BlackRock (BLK) says recent retirees are at an “unprecedented” juncture in this environment, with missteps in financial planning — such as unrealistic income targets, lack of diversification and bad market timing — potentially leading to catastrophic consequences.

  • At US$59.95, Is U.S. Bancorp (NYSE:USB) Worth Looking At Closely?
    Business
    Simply Wall St.

    At US$59.95, Is U.S. Bancorp (NYSE:USB) Worth Looking At Closely?

    Today we're going to take a look at the well-established U.S. Bancorp (NYSE:USB). The company's stock saw a decent share price growth in the teens level on the NYSE over the last few months. Today I will analyse the most recent data on U.S. Bancorp's outlook and valuation to see if the opportunity still exists.

  • Business
    Thomson Reuters StreetEvents

    Edited Transcript of FRAN earnings conference call or presentation 10-Dec-19 1:30pm GMT

    Now I would like to turn the call over to Cindy Thomassee, the company's Chief Financial Officer. Please go ahead, ma'am. -------------------------------------------------------------------------------- Cynthia Thomassee, Francesca's Holdings Corporation - Executive VP, CAO & CFO [2] -------------------------------------------------------------------------------- Thanks, and good morning, everyone. Earlier this morning, we issued a press release outlining our financial and operating results for the third quarter ended November 2, 2019.

  • XP jumps in public debut
    Business
    Yahoo Finance Video

    XP jumps in public debut

    Yahoo Finance's Julie Hyman breaks down the latest news regarding XP Inc's IPO on On the Move.

  • American 2020 growth to be line with peers, analyst says
    Business
    American City Business Journals

    American 2020 growth to be line with peers, analyst says

    Capacity growth in 2020 for American Airlines will be more in line with competitors than this year, according to one industry analyst. American Airlines Group, Inc. (Nasdaq: AAL) had stunted capacity growth this year at 1.1 percent, according to Cowen analyst Helane Becker. Becker's projections were noted in a Forbes story.

  • GameStop Tumbles After Release of 3rd-Quarter Figures
    Business
    GuruFocus.com

    GameStop Tumbles After Release of 3rd-Quarter Figures

    GameStop Corp's (NYSE:GME) stock price tumbled 14.44% to $5.57 per share in extended trading on Tuesday after missing analysts' expectations on adjusted earnings and net sales for the third quarter of fiscal 2019, which ended on Nov. 2. The U.S. multichannel video game operator and consumer electronics retailer posted an adjusted loss of 49 cents per diluted share, disappointing analysts who were expecting a net profit of 11 cents per diluted share. The adjusted earnings per diluted share slumped 200% year over year, as GameStop posted a net profit per diluted share of 49 cents in the same quarter of fiscal 2018.

  • OpenWorld departure leaves San Francisco hotels scrambling
    Business
    American City Business Journals

    OpenWorld departure leaves San Francisco hotels scrambling

    Oracle's decision to pull its annual OpenWorld convention out of San Francisco was the shock heard round the city, forcing the tourism industry to scramble to measure the loss and explore ways to fill the void. With the 60,000-attendee event headed to new Ceasars Forum in Las Vegas for the next three years, San Francisco's hotel industry will face an uphill battle to book business that could replace or even come close to what OpenWorld has historically generated. "The writing has been on the wall for a long time," said Wes Tyler, the general manger of Union Square's Chancellor Hotel.

  • How Much You Should Have in Your Retirement Fund at Every Age
    News
    GOBankingRates

    How Much You Should Have in Your Retirement Fund at Every Age

    Once you figure out how much you have leftover to save — if any — have this amount automatically contributed to your retirement fund or emergency fund. It's best to automate [saving] through a monthly bank pull or a direct deposit from your paycheck,” said Michelle Young, CFP, a financial advisor at Ameriprise. What To Do If You're Behind With Savings in Your 20s “To catch up, reduce your monthly expenses as much as possible, and devote the surplus to your emergency fund,” said Bakke.

  • Business
    Benzinga

    10 Most Oversold Stocks In The S&P 500

    Technical traders are always looking for signals that a stock could be due for a change in direction. Given that stocks rarely move in one direction for too long without periodic retracements, a stock that has endured heavy selling pressure and has become “oversold” may be a potential buying opportunity. One of the most popular metrics for determining whether a stock is overbought is relative strength index, or RSI.

  • Seth Klarman Pares Paratek Pharmaceuticals Stake
    Business
    GuruFocus.com

    Seth Klarman Pares Paratek Pharmaceuticals Stake

    Baupost Group leader Seth Klarman (Trades, Portfolio) revealed on Monday he trimmed his stake in Paratek Pharmaceuticals Inc. NASDAQ:PRTK) by 35.17%. The guru's Boston-based hedge fund manages about $24.7 billion in assets.

  • If You Had Bought Bank of America (NYSE:BAC) Shares Five Years Ago You'd Have Made 101%
    Business
    Simply Wall St.

    If You Had Bought Bank of America (NYSE:BAC) Shares Five Years Ago You'd Have Made 101%

    For example, the Bank of America Corporation (NYSE:BAC) share price has soared 101% in the last half decade. On top of that, the share price is up 14% in about a quarter. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

  • BitPay now lets merchants accept three stablecoins, including Gemini dollar
    Business
    The Block

    BitPay now lets merchants accept three stablecoins, including Gemini dollar

    Blockchain payments processor BitPay has added support for three stablecoins - Circle's USD coin (USDC), the Gemini dollar (GUSD) and Paxos Standard token (PAX). The rollout allows BitPay's over 30,000 merchants, including Microsoft and Avnet, to accept payments in the three stablecoins from consumers. In other words, BitPay's wallet users, as well as its prepaid cardholders, will be able to spend USDC, GUSD and PAX via supported merchants.

  • Hedge Funds Are Selling SeaDrill Limited (SDRL)
    Business
    Insider Monkey

    Hedge Funds Are Selling SeaDrill Limited (SDRL)

    Is SeaDrill Limited (NYSE:SDRL) a good investment right now? Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. SeaDrill Limited (NYSE:SDRL) was in 17 hedge funds' portfolios at the end of September.