Harley-Davidson downgraded to sell from neutral at Goldman Sachs

Harley-Davidson downgraded to sell from neutral at Goldman Sachs

Harley-Davidson, a well-known manufacturer of extremely heavy motorcycles, announced that declining demand, higher US tariffs for raw materials and European motorcycle taxes have hit his revenue. How did Harley-Davidson compare to what Wall Street expected: Adjusted earnings: 98 cents per...
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Lockheed Martin, United Technologies Beat Analysts’ Expectations

Lockheed Martin, United Technologies Beat Analysts’ Expectations

The aerospace giant Lockheed Martin shares have improved by 6% after quarterly results have been released, surpassing analysts’ expectations. Lockheed Martin posted first quarter earnings of $5.99 per share, up 49% y/y. Lockheed Martin also updates the 2...
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Chevron Buys Anadarko Petroleum for $33 Billion in Cash and Shares

Chevron Buys Anadarko Petroleum for $33 Billion in Cash and Shares

Oil giant Chevron buys a major company in the oil and gas exploration and drilling sector Anadarko Petroleum for $33 billion. Chevron pays a combination of cash and shares. The acquisition valued Anadarko Petroleum at $65 for one share. Chevron’s...
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Maersk Drilling Was Priced at $3.6 Billion in the Stock Debut

Maersk Drilling Was Priced at $3.6 Billion in the Stock Debut

Maersk Drilling was priced at $3.6 billion in the Copenhagen Exchange stock debut. An hour after the opening of the Copenhagen Stock Exchange, the shares were traded at about DKK 570, i.e. company’s market capitalization is now DKK 23.7 billion. Managem...
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IPO valued Lyft at $ 24.3 billion

IPO valued Lyft at $ 24.3 billion

The initial public offering (IPO) valued Lyft at $24.3 billion. The pseudo-taxi operator’s shares will start trading on the stock exchange today, and the price of one stock was set at $72 for a large interest at a higher level...
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Levi Strauss goes public, the IPO valuation is $ 6.6 billion

Levi Strauss goes public, the IPO valuation is $ 6.6 billion

Levi Strauss returns to the stock market after 34 years of absence. The clothing seller valued its initial public offering on Wednesday at $17 a share and valued the company at approximately $6.6 billion. This is a higher valuation than...
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‘Father Of Reaganomics’ Warns: “Get Out Of The Market”

‘Father Of Reaganomics’ Warns: “Get Out Of The Market”

David Stockman, the so-called “Father of Reaganomics,” told Fox Business’s Neil Cavuto that investors ought to get out of the market and retreat to the safety of Treasury bills and hard cash. “We’re in year 10 of the longest business...
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Spark Therapeutics +122% after the acquisition news by Roche

Spark Therapeutics +122% after the acquisition news by Roche

Swiss pharmaceutical company Roche Holding AG announced that it has reached a final agreement for acquisition of Spark Therapeutics from Philadelphia. Roche offered $114.50 for each share of Spark Therapeutics, which is 122% more than Friday’s closing pr...
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Warren Buffett wants to make an ‘elephant-sized’ purchase, but says ‘prices are sky-high’

Warren Buffett wants to make an ‘elephant-sized’ purchase, but says ‘prices are sky-high’

“In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects,&#822...
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Ford sales rise about 7% in January, GM down 7%

Ford sales rise about 7% in January, GM down 7%

Ford and GM are no longer announcing monthly sales but Bloomberg sources say Ford was up about 7% and GM down about 7%. Earlier Volkswagen was reported down 6.7% so the consumer is looking a tad soft to start the...
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Collapse Of Global M1 Supply Signals A Big Headache

Collapse Of Global M1 Supply Signals A Big Headache

  Every time M1 growth has dipped negative – as central bank liquidity injection either slowed or went into reverse – there has been a financial crisis. Milton Friedman was well aware of the consequences of the decline of M1,...
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Bubble of Everything Correction Continues

Bubble of Everything Correction Continues

Starting in 2008, central banks created a bubble in sovereign bonds, the bedrock of the current financial system. These bonds represent the “risk free” (if they are not Argentine, Greek, Venezuela or Zimbabwe bonds) rate of return, or the rate...
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