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The 2:59 PM Trade
It's Friday afternoon, 2:59 pm. Most traders are clocking out. But legendary Millionaire trader Tim Sykes is about to cash in on a strange weekend "loophole."
He's used this exact method to make $8,780... $9,518... and even $16,159 over the weekend. But today, he wants to show YOU how to do it too.
SHANGHAI (Reuters) – Schroders has obtained Chinese regulatory approval to set up a wholly-owned mutual fund unit in China, as Beijing accelerates opening up its giant financial sector to foreigners. China abruptly dismantled its strict, three-year zero-COVID policy in early December, and the government has apparently stepped up efforts to woo foreign companies and investors…
(Reuters) – Twitter Inc has secured a ruling allowing the social media company to force several laid-off workers suing over their termination to pursue their claims via individual arbitration than a class-action lawsuit. U.S. District Judge James Donato on Friday ruled that five former Twitter employees pursuing a proposed class action accusing the company of…
MUMBAI (Reuters) – HDFC Bank, India’s largest private lender, on Saturday reported a 18.5% jump in net profit for the October-December quarter, aided by higher top-line and healthy loan growth. Net profit for the quarter was 122.59 billion rupees ($1.51 billion), up from 103.42 billion rupees in the same quarter a year earlier. That was…
ABU DHABI (Reuters) – The world will need natural gas for a long time and more investment is required to ensure supply security and affordable prices during the global energy transition, energy ministers of Qatar and the United Arab Emirates said on Saturday. Saad al-Kaabi, Qatari state minister for energy, told the Global Energy Summit…
ZURICH (Reuters) – UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said in a interview published on Saturday. The former Morgan Stanley president said he was focused on organic growth rather than acquisitions and expanding its business in the United States as he ruled out any move…
By Rodrigo Viga Gaier and Tatiana Bautzer RIO DE JANEIRO/SAO PAULO (Reuters) -A Brazilian court said on Friday Americanas SA could be liable to repay up to 40 billion reais ($7.9 billion) in debt earlier than planned, if the retailer is found in breach of covenant after reporting “accounting inconsistencies.” A group representing minority shareholders…
By Kanishka Singh and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday the United States will likely hit the $31.4 trillion statutory debt limit on Jan. 19, forcing the Treasury to launch extraordinary cash management measures that can likely prevent default until early June. “Once the limit is reached, Treasury will…
By David Shepardson WASHINGTON (Reuters) -A group of more than 120 U.S. lawmakers told the Federal Aviation Administration’s (FAA) its computer outage on Wednesday that disrupted 11,000 flights was “completely unacceptable” and demanded the agency explain how it will avoid future incidents. House Transportation Committee Chair Sam Graves and the top Democrat on the panel…
WASHINGTON (Reuters) – A group of more than 120 U.S. lawmakers told the Federal Aviation Administration’s (FAA) its computer outage Wednesday that disrupted 11,000 flights is “completely unacceptable” and demanded the agency explain how it will avoid future incidents. House Transportation Committee Chair Sam Graves and the top Democrat on the panel Rick Larsen said…
By Matt Tracy (Reuters) – U.S. fintech companies that lend to consumers with impaired credit scores face a tough year as rising defaults and interest rates limit the companies’ access to cost-effective debt financing. “We expect profitability to be depressed for many firms and funding conditions to remain challenging, as increased funding costs brought on…
