Cart

0

Business

“Pfizer Sells $31 Billion of Bonds in Fourth-Largest Deal Ever”

“Pfizer Inc. sold $31 billion of debt in the fourth-largest US bond sale ever, according to a person with knowledge of the matter. The pharmaceutical giant raked in over $85 billion in orders for the eight part investment-grade deal, which… Continue Reading…

Stocks

“Ford’s stock rallies after Benchmark analyst turns bullish, sets new target implying 38% gain”

“Shares of Ford Motor Co. rose 1.1% in premarket trading Monday, after the auto maker was upgraded by Benchmark analyst Michael Ward, citing expectations that third-quarter earnings and a new management team will provide a near-term catalyst for the stock.… Continue Reading…

Business

“Ford shares fall on first-quarter revenue warning”

“Ford Motor shares dropped about 5% after the automaker warned that the coronavirus has significantly impacted its first-quarter performance, including a 15.7% drop in revenue…” https://www.cnbc.com/2020/04/13/ford-shares-fall-on-first-quarter-revenue-warning.html

Banking

“Repo Market BREAKS As Dealers Run Out Of Securities To Use For Fed Funds”

“Two weeks ago, just after the Fed first announced its massive overnight and term repo operation expansion which now amounts to some $1 trillion in daily repo capacity (and before Powell expanded this bazooka to included ZIRP and unlimited QE),… Continue Reading…

Business, Stocks

“Tesla Tops $100 Billion as Record Run Lifts Market Value Past Volkswagen”

“After topping the combined value of Ford and GM earlier this month, Tesla is set to overtake Volkswagen as the second most-valuable carmaker in the world as a record run in shares lifts Elon Musk’s company past the $100 billion… Continue Reading…