The Long Winter

Posted on
long2Bwinter

G7 officials used to say that foreign exchange markets should be driven by fundamentals.  It struck some as vacuous.  What else could drive the largest part of the capital markets, a $6.6 trillion a day turnover prior to the crisis but macro?  The challenge is really which macro factors should determine exchange rates. There seems… Read More

Equine Lecture, The New Seat by Jean Luc Cornille

Posted on

The Jean Luc Cornille lecture, “The New Seat” has been a favorite around the world and now is available online or on DVD. Eatonton, GA, April 04, 2020 –(PR.com)– Pertinent, factual, beautifully illustrated, the new seat raises the conversation with the horse to a new level. The rider position is not a posture. It is… Read More

LUCKIN COFFEE INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Claims On Behalf of Investors of Luckin Coffee Inc. – LK

Posted on

NEW ORLEANS, April 03, 2020 (GLOBE NEWSWIRE) — Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), is investigating claims on behalf of investors of Luckin Coffee Inc. (NASDAQ:LK). Such investors are advised to contact KSF Managing Partner Lewis Kahn toll-free… Read More

Thyssenkrupp cuts steel output as coronavirus crisis hits demand

Posted on
Stainless Steel Sheet Plate Strip Coil Circle

Thyssenkrupp , Germany’s largest steelmaker, is cutting steel output and staff will work shortened hours as the coronavirus crisis is hitting the steel sector. “In light of the economic impact as a result of the corona crisis we are adjusting our production chain. This includes blast furnaces as well as processing,” a spokesman for Thyssenkrupp… Read More

Oil Firm, Greenback Extends Gains

Posted on
oil

Overview:  Global equities are finishing the week on a soggy tone despite the 2%+ gains seen in the US yesterday. The extension of shutdowns, rising contagion and fatality rate, and imploding economies weigh on prices.  In Asia, Korea and Indonesia bucked the trend to most minor gains.  Europe is giving back yesterday’s gains, and the… Read More

Coronavirus batters steel sector, Europe hardest hit

Posted on
Steel Mill interior

The coronavirus pandemic is battering the global steel sector as huge swathes of industry that use steel shut down, with Europe hardest hit since steel demand and company margins were already anaemic before the crisis hit. While many factories in China are gradually cranking back up as the virus outbreak there eases, widespread closures are… Read More

Zentalis Pharmaceuticals Announces Pricing of Initial Public Offering

Posted on

NEW YORK and SAN DIEGO, April 02, 2020 (GLOBE NEWSWIRE) — Zentalis Pharmaceuticals, Inc. (NASDAQ:ZNTL), a clinical-stage biopharmaceutical company focused on discovering and developing small molecule therapeutics targeting fundamental biological pathways of cancers, today announced the pricing of its initial public offering of 9,180,000 shares of common stock at a public offering price of $18.00… Read More

SA miners ready for a post-Covid future

Posted on
mining 01

As SA jumps into action to contain Covid-19, huge economic fallout is inevitable. But SA’s hardy mining sector looks likely to emerge from the crisis in better shape than most. As the nationwide lockdown took effect on Friday, most mining operations, with the exception of some in essential coal, iron ore and other production, were… Read More

ANSYS ISSUES LETTER TO INVESTORS

Posted on

PITTSBURGH, April 02, 2020 (GLOBE NEWSWIRE) — Ansys (NASDAQ:ANSS) announced today that it issued an open letter to its investors amid the coronavirus disease 2019 (“COVID-19”) pandemic. The full text of the letter follows: April 2, 2020 To Our Valued Investors: It goes without saying that these are extraordinary times. Just as our hearts go… Read More

Optimism on Oil Deal Steadies Risk Appetites…for the Moment

Posted on
homogenous

Overview: After US stocks dropped more than 4% yesterday, investor sentiment has improved, apparently sparked by ideas that the pain will force oil producers to find a way to reduce supply. Oil prices have surged, with the May WTI contract rallying around 7%. Asia Pacific equities were mostly higher, with Japan and Australia the notable… Read More

Self-Driving Car Engineer Demands $180M Compensation From Uber For Google Trade-Secret Theft Case

Posted on
taxi 2

Self-driving technology star Anthony Levandowski has filed a motion to get Uber Technologies Inc. (NYSE: UBER) into an arbitration, Bloomberg reported Wednesday. What Happened The arbitration is related to the trade secret-theft dispute with Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) and the engineer is demanding $180 million in compensation for a lost bonus and legal… Read More

OGE Energy Corp. supports Enable's actions to strengthen balance sheet and improve liquidity

Posted on

OKLAHOMA CITY, April 1, 2020 /PRNewswire/ — OGE Energy Corp. (NYSE:OGE) announced today its support of the recent decision by Enable Midstream Partners, LP (NYSE:ENBL) to increase its annualized retained cash flow by approximately $450 million. OGE also reconfirmed the strength of its own balance sheet, credit metrics and liquidity position. OGE expects distributions of approximately… Read More

April Monthly

Posted on

In March,  the G10 and many emerging market countries, governments, and central banks unveiled large emergency measures.  The motivation is to blunt the economic impact of the novel coronavirus that has seen more than two billion people around the world have their movement restricted. Large swathes of the world’s economy have shut down.  The nature of… Read More