Newsletter
Morgan Stanley with optimistic outlook after profit increase
Morgan Stanley gave an bullish outlook on Thursday after third quarter earnings were well above market expectations, fueled by record returns in investment banking and M&A advisory.
Increase in IEA demand forecast causes oil prices to rise
Oil prices rose Thursday after major oil producer Saudi Arabia rejected calls for additional OPEC + supplies and the International Energy Agency said rising natural gas prices could boost demand for oil from power producers.
China wants to increase coal production and increase electricity prices
China has instructed its two most important coal regions to increase production, and will allow the coal-fired power plants to calculate customers higher prices as the country has been fighting for years with the worst energy crisis.
Ross Gerber: Cannabis "a great opportunity" for investors
Consolidation of the Cannabis shares Since its highest lands in February, in the opinion of an investment advisor, offers a lot of potential for long-term marijuana investors who hold. "For investors who think in the long term, this is a great opportunity …
US auto production shifts south
The focus of US auto production is shifting south, with manufacturers of electric vehicles and batteries planning to invest nearly $ 24 billion in new factories from Arizona to Georgia.
Australia is sticking to trade agreements with the EU
Australian Trade Minister Dan Tehan said Friday he expected a free trade agreement with the European Union to be concluded by the end of next year, despite EU anger over Canberra's cancellation of a submarine treaty with France.
Resilience and Sustainability Trust is taking shape
The International Monetary Fund (IMF) said on Friday that it was still soliciting support from its members for the proposed resilience and sustainability trust, which would allow richer countries to pass on their IMF reserves to countries in need, but it hopes …
Alcanna Inc. changes hands
Canadian cannabis producer Sundial Growers Inc. said it will buy liquor and hash retailer Alcanna Inc. for C $ 346 million ($ 276 million) in stock, building on a strategy of vertical integration through store acquisitions.
Roche: groundbreaking Alzheimer's therapy in the USA
Roche announced on Friday that the antibody gantenerumab had been granted breakthrough therapy status for the treatment of Alzheimer's disease by the US Food and Drug Administration.
Crude oil prices hit seven-year high
Crude oil prices hit the $ 80 a barrel mark in the US for the first time since 2014 on Friday, a day after the Department of Energy downplayed reports that it was considering selling barrels from the US strategic oil reserve.