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Monthly Archives: September 2018

Trump starts 9/11 anniversary tweeting about Justice Department

Nicholas Kamm | AFP | Getty Images President Donald Trump gestures as he boards Air Force One at Andrews Air Force Base, Maryland with First Lady Melania Trump, on September 11, 2018, en route to Shanksville, Pennsylvania for the 9/11 Flight 93 National Memorial ceremony.  President Donald Trump began the …

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Alibaba ties with Russian partners for an e-commerce platform 

Alibaba’s Jack Ma speaks to Kirill Dmitriev, the head of the RDIF, at the Eastern Economic Forum (EEF) in Vladivostok, Russia. Chinese e-commerce giant Alibaba signed a new strategic partnership with a number of Russian firms Tuesday, which will form a new e-commerce platform and utilize Russia’s own payments system. The …

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Tesla ditching two paint options to simplify manufacturing

Yuriko Nakao | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla  Tesla will scrap some paint options for the firm’s luxury electric cars on Wednesday to ease the manufacturing process, CEO Elon Musk said. The carmaker is ditching two colors — “obsidian black” and “metallic …

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National team traders purchases of local equities

As the mainland Chinese stock market dropped in the second quarter, groups with government ties bought shares, according to a Goldman Sachs analysis. The “national team” of entities related to or influenced by the state was formed in 2015 to help support stocks during that summer’s market turmoil. The Shanghai …

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Tesla shares climb 8 percent after bullish analyst reports.

Beck Diefenbach | Reuters Elon Musk, CEO of Tesla.  Following a pair of bullish reports from Baird and Bernstein analysts, Tesla shares rose more than 8 percent on Monday afternoon. Tesla stock closed at $263.24 Friday, and reached $285.50 on Monday afternoon. “We think the [Tesla] setup in sentiment looks …

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Bill Gates thinks Zuckerberg ‘owes me’ for Washington D.C. warning

Saul Loeb | AFP | Getty Images Facebook CEO and founder Mark Zuckerberg testifies during a US House Committee on Energy and Commerce hearing about Facebook on Capitol Hill in Washington, DC, April 11, 2018. Mark Zuckerberg owes Bill Gates a big debt of gratitude: The Microsoft co-founder told him …

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Second Trump meeting with North Korean leader Kim Jong Un in the works

Chip Somodevilla | Getty Images WASHINGTON, DC – AUGUST 15: White House Press Secretary Sarah Huckabee Sanders calls on reporters during a news conference in the Brady Press Briefing Room at the White House August 15, 2018 in Washington, DC.  President Donald Trump has received what the White House said …

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Three options strategies for the week: Sept 10

The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw and Carter Worth like the Oil Services ETF Dan Nathan recommends a risk reversal in Box Mike Khouw recommends a put spread in Twitter Trader disclosure: Dan Nathan is long XLF Sept put spread. …

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Apple shares fall after Trump pressures iPhone-maker to make its products in U.S.

Alex Brandon | AP Tim Cook, Chief Executive Officer of Apple, speaks as President Donald Trump listens during an American Technology Council roundtable in the State Dinning Room of the White House, Monday, June 19, 2017, in Washington. The comment came a day after the company’s letter to U.S. Trade …

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Nike regains share losses sparked by controversial Kaepernick campaign

Justin Sullivan | Getty Images A billboard featuring former San Francisco 49ers quaterback Colin Kaepernick is displayed on the roof of the Nike Store on September 5, 2018 in San Francisco, California. Nike shares recouped their losses on Monday after last selling off in the wake of a controversial advertising …

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