1193 days ago
Trump boosts European stocks
Germany's DAX climbed 1.3 per cent, leaving it peaking above its previous record. Stoxx 600 and CAC 40 up 0.5 and 0.6 %. Source: FT
1193 days ago
Will China tech wreck sink the stock market?
More heavy losses led by Alibaba $BABA on Monday despite plans for share buybacks
1197 days ago
Winners and losers at hedge funds
Directional bets as investors dumped risky assets in favour of havens in February and March were some of the most lucrative trades. Mr Law’s Caxton made a record 40 per cent gain, boosted by bets on government bonds, according to an investor, while Brevan Howard gained 24 per cent.
1197 days ago
Nikola faces rough headwind
Nikola, the emission-free freight company competing against Tesla is down around 10% after plans to supply a new fleet of garbage trucks to Republic Services fell off the table. The reason: Nikola would have had to re-design trucks instead of using their blueprints. This could be just a mutual excuse for the price wasn't high enough for the 2,500 orders and neither wanted to admit it publicly. Source: WSJ
1197 days ago
A FinTech for the long run?
''BlackLine hasn't done too badly this year either, gaining more than 170% at Tuesday's prices, after three years of slower growth. It was one of the beneficiaries of an accelerated shift toward digital and automation brought about by COVID-19. The company offers automated accounting services for large and small businesses that simplify accounting processes such as reconciliations. It has a very specific focus, but at the same time it integrates all of a client's financial applications to make accounting go smoothly. It's also cloud-based, eliminating the need for heavy and expensive hardware. Some 56% of Fortune 50 companies use BlackLine's services, but it's still a fairly small company, taking in $90 million in the third quarter. That's a 21% increase over the prior year, which is healthy, even if not outstanding as far as many (SaaS) companies go.''-- Jennifer Saibil at The Motley Fool
