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PG&E Stock Slammed Following Reports Of Massive Wildfire Liability, Potential Bankruptcy
Monday, January 7, 2019 - 11:04am | 588Read More...PG&E Corporation (NYSE: PCG) opened down 25 percent Monday after CNBC reported the company could face a minimum of $30 billion in liabilities related to California wildfires in 2017 and 2018, citing unnamed sources. The report comes after a Reuters story over the...
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Height: Post Office's Strong Liquidity Makes Immediate Crisis, Changes Less Likely
Monday, December 31, 2018 - 4:44pm | 525Read More...Don’t look for major changes to the postal service in the coming year, analysts from Height Securities say. The United States Postal Service does have long-term financial challenges resulting from changes in how we all send packages — and expensive retiree benefits. But in a...
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Analyst: 2020 Campaign Could Shift Policy Toward Ethanol Industry Over Refiners
Thursday, December 27, 2018 - 4:19pm | 588Read More...In their long rivalry with oil refineries, farmers who produce corn for ethanol could get a boost from the 2020 election thanks to a populist incumbent president worried about the Heartland, according to Height Securities. President Donald Trump is likely to pursue policies that benefit...
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Market Unimpressed By China's Soybean Purchase
Thursday, December 13, 2018 - 2:54pm | 499Read More...President Donald Trump scored a trade war victory Wednesday after China made its first major soybean purchase from the U.S. since retaliating against Trump’s tariffs in July by blocking imports of U.S. agricultural products. While the purchase may be a small step in the right direction...
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Analysts Weigh In On The FDA's Position On E-Cigarettes, Menthols
Tuesday, November 13, 2018 - 3:56pm | 569Read More...The Food and Drug Administration is set on introducing restrictions on the sale of electronic cigarettes, including prohibiting most flavored products in convenience stores and gas stations, The Washington Post reported Nov. 8. The Wall Street Journal followed up with its own report Friday that...
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US, China Announce New Tariffs: Wall Street Reacts
Tuesday, September 18, 2018 - 3:06pm | 514Read More...The big story on Wall Street in 2018 has been an international trade war, which ramped up this week after President Donald Trump said Monday that he will slap 10-percent tariffs on an additional $200 billion in Chinese imports starting Sept. 24. China returned fire on Tuesday, announcing new...
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Trump: $267B More In Chinese Tariffs 'Ready To Go'
Friday, September 7, 2018 - 3:07pm | 476Read More...Thursday marked the conclusion of the public comment period for the proposed $200-billion first wave of China tariffs. Just one day later, President Donald Trump upped the United States' tax threat to Chinese imports by $267 billion in remarks to reporters on Air Force One. If all of the...
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Trump's Trade Strategy: Pros And Cons
Tuesday, June 19, 2018 - 11:47am | 551Read More...The market has reacted very negatively to President Donald Trump’s aggressive approach to trade relations with China. Trump and his supporters argue, however, that the long-term benefits of a favorable trade policy could far outweigh the short-term market impacts of a trade war with China....
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More Trade Threats Spook Investors
Tuesday, June 19, 2018 - 9:44am | 503Read More...U.S. stocks traded down steeply Tuesday morning, and the Dow was on track to register its sixth consecutive day in the read after President Donald Trump threatened to aggressively escalate his trade war with China. What Happened Trump has reportedly asked the U.S. Trade Representative to identify...
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A Decision Worth Billions: A Supreme Court Ruling On Legal Sports Betting Could Arrive Anytime
Thursday, April 26, 2018 - 12:47pm | 1124Read More...While legalized marijuana represents a burgeoning industry and tax boon for states, its finacial impact could be eclipsed by the potential of legalized sports betting. Estimates of the size of the illegal sports betting market in America range from the American Gaming Association's figure of $...
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'A Buying Opportunity In Facebook': Analysts React To Zuckerberg's Congressional Testimony
Thursday, April 12, 2018 - 3:29pm | 835Read More...Facebook, Inc. Common Stock (NASDAQ: FB) CEO Mark Zuckerberg’s 10 hours of testimony were not in vain. The two-day congressional hearing over Facebook’s consumer data and influencer security catalyzed an equally long run in the company’s stock, and some consider the rally the...
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Height: Amazon Likely To Land $10B Defense Contract
Tuesday, April 10, 2018 - 4:32pm | 369Read More...The federal government might soon eat its words on Jeff Bezos. Height Securities predicts the Department of Defense will award Amazon.com, Inc. (NASDAQ: AMZN) — the enduring target of Oval Office disdain — a cloud-computing procurement contract worth more than $10 billion. “Amazon...
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Trump: 'Trade Wars Are Good And Easy To Win'
Friday, March 2, 2018 - 10:41am | 929Read More...The markets slid sharply Thursday after President Donald Trump announced he would impose 25-percent steel tariffs and 10-percent aluminum tariffs as early as next week. Amid backlash from economists, national security experts and foreign leaders, Trump defended his position on Twitter. “When...
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Trump's Comments On Steel, Aluminum Tariffs Shake The Markets
Thursday, March 1, 2018 - 3:21pm | 697Read More...Steel and aluminum stocks are popping on Thursday while the rest of the market crashes after President Donald Trump said he will be announcing new steel and aluminum tariffs as early as next week. What You Need To Know Trump said Thursday the U.S. will implement a 25 percent tariff on steel...
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Height Securities: Concrete Proposal Unlikely To Emerge From Trump's Tariff Meeting With Steel, Aluminum Execs
Thursday, March 1, 2018 - 11:33am | 579Read More...President Donald Trump will meet with steel and aluminum executives Thursday, leading some to speculate an import tariff announcement is imminent, according to Reuters. But Height Securities considers a final proposal on rates or quotas unlikely to be released. “We expect that ongoing...
