Thursday, August 6

Day: 5 July 2020

The Wall Street Journal: Duke Energy, Dominion scrap plans for Atlantic Coast Pipeline after years of delays
Stock News

The Wall Street Journal: Duke Energy, Dominion scrap plans for Atlantic Coast Pipeline after years of delays

The builders of the Atlantic Coast Pipeline are pulling the plug on the project as companies continue to meet mounting environmental opposition to new fossil fuel conduits in the U.S. Duke Energy Corp. DUK, -0.11% and Dominion Energy Inc. D, +0.41% said Sunday that they were abandoning the proposed $8 billion pipeline — which aimed to carry natural gas 600 miles through West Virginia, Virginia and North Carolina and underneath the Appalachian Trail — citing continued regulatory delays and uncertainty, even after a favorable Supreme Court ruling last month. Dominion meanwhile said it was selling the rest of its natural gas transmission and storage network to Warren Buffett’s Berkshire Hathaway Inc. BRK.B, +0.47% for $9.7 billion including debt. The deal includes a 25% stake in the Cove ...
Mark Hulbert: This is the simple reason you can’t believe the P/E ratio for the Russell 2000 right now
Stock News

Mark Hulbert: This is the simple reason you can’t believe the P/E ratio for the Russell 2000 right now

CHAPEL HILL, N.C. — Ready for today’s investment pop quiz? Which of the following is the Russell 2000’s RUT, price/earnings ratio when calculated based on trailing 12-month earnings? a. 17.5 b. 14.1 c. meaningless I bet that hardly any of you answered “c.” After all, the benchmark is down 15% for year-to-date performance. You’d be excused for thinking that the small- and mid-cap sectors this index represents are closer to being undervalued. In fact, “c” is the right answer. If you answered wrong you’re in good company. The two incorrect P/E ratios in my quiz come from very reputable sources: The 17.5 ratio comes from Morningstar’s reporting for the iShares Russell 2000 ETF IWM, +0.40%. The 14.1 is what iShares reports for that same ETF. Both numbers are significantly below the ind...
Warren Buffett’s Berkshire buys Dominion Energy natural gas assets in $10 billion deal – CNBC
Stock News

Warren Buffett’s Berkshire buys Dominion Energy natural gas assets in $10 billion deal – CNBC

Warren Buffett's Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It's the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March. At his annual shareholder meeting in May, Buffett revealed that Berkshire had built up a record $137 billion cash hoard as the financial market tanked, and that he hadn't seen many favorable deals, despite the stock market's deep swoon. "We have not done anything because we don't see anything that attractive to do," Buffett said at the time, suggesting that the quick actions taken by the Federal Reserve this year meant c...
Your Money: Day trading vs swing trading – pros and cons – The Financial Express
Commodities

Your Money: Day trading vs swing trading – pros and cons – The Financial Express

Both the trading techniques require concentration and perseverance. Investing style depends on the preference, goals and funds available with the investor. Some traders love hurried single-day trades whereas some keep their positions open for days. However, it is important to understand that both day and swing trading have specific benefits. Both the trading techniques require concentration and perseverance. Success depends upon an optimal number of trades, adaptability to fluid market conditions and consistent course of action. Swing trading Identifying swings in stocks, currencies and commodities that take place over a period of days is the basis of swing trading. It may take a few days to a few weeks to work out. Swing trading is less time-intensive and is usually practised on higher...
Brock Pierce Jumps Into 2020 US Presidential Last Minute
Crypto News

Brock Pierce Jumps Into 2020 US Presidential Last Minute

Brock Pierce, entrepreneur, crypto venture capitalist and child star, has announced his USA Presidential run on Twitter July 5. His tweet stated that: “I, Brock Pierce, am running for President of the United States of America.” Pierce’s campaign site states that he is a pioneer digital currency and has raised more than $5 billion for the companies he has founded. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin (first ICO). His website, sparse on details, does not say if he is seeking a nomination in a political party or if he is running as an Independent. Source: Cointelegraph
Forex Trading The Basics – Explained in Simple Terms (free download ebook)
Ebook, Forex

Forex Trading The Basics – Explained in Simple Terms (free download ebook)

This book is geared towards providing information in regards to the topic and issue covered. The publication is sold with the idea that the publisher is not required to render accounting, officially permitted, or otherwise, qualified services. If advice is necessary, legal or professional, a practiced individual in the profession should be ordered.From a Declaration of Principles which was accepted and approved equally by a Committee of the American Bar Association and a Committee of Publishers and Associations. In no way is it legal to reproduce, duplicate, or transmit any part of this document in either electronic means or in printed format. Recording of this publication is strictly prohibited and any storage of this document is not allowed unless with written permission from the publis...
Edelweiss Group books Rs 2,245 cr net loss on upfront Covid provisioning
Stock News

Edelweiss Group books Rs 2,245 cr net loss on upfront Covid provisioning

MUMBAI: Edelweiss Group has reported Rs 2,245 crore loss in the quarter to March due to higher upfront provisioning for COVID-19 for possible credit losses across three lending and asset reconstruction verticals. The diversified financial services player had reported a net income of Rs 232 crore in the year-ago period. During the quarter, the group has made an additional provisioning of Rs 900 crore towards possible loan losses due to the pandemic taking the total provisions to Rs 2,549 crore. Of this pre-COVID impairment stood at Rs 1,200 crore, and an additional impairment for the planned sell down of its NBFC assets worth Rs 500 crore, the company said. The group's full year income plunged to Rs 9,603 crore from Rs 11,161 crore in FY19, while full year 2020 net income slipped to ne...
Trade setup: Nifty resilient; don’t chase the rally blindly, use it to protect profit
Stock News

Trade setup: Nifty resilient; don’t chase the rally blindly, use it to protect profit

The domestic equity market further narrowed its trading range on Friday, as the indices oscillated in a very limited range throughout the session to end with modest gains. Nifty opened on a mildly positive note and stayed in the positive territory for the entire session. However, without signalling any directional trend, the index kept on moving back and forth in a 60-point range. The high point of the session coincided with the level which was the confluence point of several major resistances. The market went on to end the session with a modest gain of 55.65 points, or 0.53 per cent. The coming week will be very crucial for the market. On Friday, Nifty halted near the confluence point of two important pattern resistances. These points exist in form of a minor trend line within the rising...
Iran’s currency touches new low, sends shockwaves – Anadolu Agency
Currencies

Iran’s currency touches new low, sends shockwaves – Anadolu Agency

TEHRAN There is a palpable buzz at Ferdowsi Square, one of the busiest intersections in the Iranian capital and the hub of foreign exchange market, these days. However, not many happy faces can be seen. The Iranian currency, rial, continues to lose its value against the US dollar, touching a record low every day. The impact of COVID-19 can be clearly seen on the financial market. The rial was trading at 217,000 (buy) and 218,000 (sell) on the unofficial market on Sunday, prompting many money exchange shops to down their shutters. In the past two weeks, the rial has continued to slide, dropping from 171,000 to 217,000. The sharp dip in its value comes as the country battles the new surge in the pandemic. Previously, the record low was 190,000 in September 2018, a few months after the ...
Apply Online SBI Zero Balance Account Open in English
Top Trading

Apply Online SBI Zero Balance Account Open in English

Apply Online SBI Zero Balance Account Open in English : Hello Fiends Today we learn How to Open SBI Zero Balance Account Online so read this article carefully don’t forget any steps. Hello Friends whenever you go to state bank of India, That means SBI  goes  To open your new savings account So you are asked to apply online. First That is, they want to say that you To open a first saving account    Apply from Yono application. So in this article we will know That how can we apply a new saving account from Yono application?  What do we have to do after applying  And we got to total, How to get from passbook to ATM.    Let’s know First of all, in your smartphone, Go to the play store And that search has to...