Peter Russell

Helping China cut carbon emissions isn’t a financial game every business can play

6 years ago

China is the world’s largest consumer of coal, and accounts for nearly half of global investment in renewable energy.
For privately run companies in China wanting to be part of the projected growth in renewables, just being in the right industry isn’t a guarantee.
The sharp decline in the valuation of companies such as Shenwu highlights the large risks such energy technology companies must take on, and the fallout if cash flow, construction contracts, production and orders fail to align.

Tech

Zoom revenue grew 169% during the quarter, and the company doubled its revenue guidance for the year

6 years ago

Zoom’s revenue growth picked up significantly during the quarter.
The company more than doubled its revenue guidance for the fiscal year as well.
Many people have flocked to Zoom in recent months to virtually meet with colleagues, classmates, friends and family members as the coronavirus has continued to spread.

The charts show global stocks could retest their March lows later this year

6 years ago

Global stock averages have been captured by an extremely volatile environment for both shorter-term traders and long-term investors since 2019, with the focus last year very much on the trade dispute between the United States and China.

Stocks jump as Wall Street focuses on the economy reopening, S&P 500 now up 40% from March low

6 years ago

The S&P 500 gained 0.8% to close at 3,080.82, reaching its session high with less than 30 minutes left in the session. Tuesday’s gains put the S&P 500 up more than 40% from its late-March intraday low.

Tech

SpaceX launches two NASA astronauts to space for the first time in historic US mission

6 years ago

SpaceX on Saturday launched NASA astronauts Bob Behnken and Doug Hurley into orbit, successfully beginning the company’s first crewed mission.
The launch also represents the first time NASA has launched its own astronauts since the end of the space shuttle program nearly a decade ago.

Editor's Pick

Expect more shocking economic data in the week ahead with the unemployment rate set to near 20%

6 years ago

The stock market’s internal rotation into beaten down names, like airlines and small caps, is expected to continue to be a theme in the week ahead as the economy continues to reopen.
Rising tensions between Washington and Beijing could become an increasing headwind for stocks, particularly the technology sector, which is most exposed on a revenue basis and through its supply chain.

Morgan Stanley is planning to bring traders back to New York headquarters next month

6 years ago

Managers have been plotting for weeks on how to bring employees back to its Times Square headquarters, helped in part by what they’ve learned by reopening their Asia offices and an informal consortium of banks including JPMorgan Chase and Wells Fargo, according to the people.

Breaking News

Trump says the U.S. will cut ties with World Health Organization

6 years ago

President Donald Trump announced Friday that the United States will cut ties with the World Health Organization.
Earlier this month, Trump threatened to permanently cut off U.S. funding of the WHO.
He has claimed the WHO is “China-centric” and blames the agency for advising against China travel bans early in the outbreak.

Editor's Pick

United cuts 13 high-level executives as travel demand ‘still a very long way from where it was’

6 years ago

United is cutting 13 of its 67 officers to try to save money because of coronavirus.
The departures will be effective Oct. 1, after the terms of billions in federal aid expire.
United and other airlines have been urging employees to take buyouts and other voluntary separation packages.

Editor's Pick

Dow futures fall 100 points ahead of Trump’s U.S.-China news conference on Friday

6 years ago

Trump said Thursday afternoon he would hold the news conference, knocking stocks down from solid gains. That announcement came after China approved a national security bill for Hong Kong that experts warn could endanger the city’s “one party, two systems” principle. That principle allows for additional freedoms that mainland China residents don’t have.

Peter Russell

Helping China cut carbon emissions isn’t a financial game every business can play

Zoom revenue grew 169% during the quarter, and the company doubled its revenue guidance for the year

The charts show global stocks could retest their March lows later this year

Stocks jump as Wall Street focuses on the economy reopening, S&P 500 now up 40% from March low

SpaceX launches two NASA astronauts to space for the first time in historic US mission

Expect more shocking economic data in the week ahead with the unemployment rate set to near 20%

Morgan Stanley is planning to bring traders back to New York headquarters next month

Trump says the U.S. will cut ties with World Health Organization

United cuts 13 high-level executives as travel demand ‘still a very long way from where it was’

Dow futures fall 100 points ahead of Trump’s U.S.-China news conference on Friday

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