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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@nlepanU.S. business inventories recorded their biggest increase in nearly 1-1/2 years in November, boosted by a strong rise among retailers, which suggested inventory investment would contribute to economic growth in the fourth quarter. The US Commerce Department on Friday said business inventories increased 0.7 percent. That was the biggest increase since June 2015 and followed an upwardly revised 0.1 percent dip in October. http://www.reuters.com/article/us-usa-economy-inventories-idUSKBN14X1RK?il=0
@nlepanU.S. retail sales rose in December amid strong demand for automobiles and furniture, providing further evidence that the economy ended the fourth quarter with momentum and is poised for stronger growth this year. The strengthening economy also is starting to generate higher inflation. Other data on Friday showed a second straight monthly increase in producer prices in December, which led to the biggest year-on-year gain in just over two years. http://www.reuters.com/article/us-usa-economy-retail-idUSKBN14X1J7
@nlepanA major Chinese investor in Indonesia smelter industry said it is considering legal action and would put a on hold its expansion plans after the company reversed its ban on the export of nickel ore and bauxite. Government officials have defended the new rules, which require nickel miners to dedicate at least 30 percent of their smelter capacity to process low-grade ore, defined as having a nickel content of less than 1.7 percent. http://www.reuters.com/article/us-indonesia-mining-idUSKBN14X12A
@nlepanThe heir to South Korea’s biggest business empire, Samsung, emerged from a marathon grilling by prosecutors Friday morning after 22 hours of questioning, a $5 lunchbox and a bowl of noodles. Prosecutors are weighing whether to seek an arrest warrant on bribery and perjury charges for the 48-year-old Mr. Lee. The investigation centers on allegations the company paid bribes in exchange for government backing for the contentious merger of two Samsung affiliates in 2015 that helped him to consolidate his control over Samsung Electronics. http://www.wsj.com/articles/samsung-heir-meets-prosecutors-22-hours-of-questioning-and-a-5-lunch-1484305005
@nlepanTesla $TSLA details Supercharging fees for new buyers. New Tesla Model S and Model X cars will receive 400 kWh of free charging annually, good enough for around 1,000 miles of driving. Most regions will pay by the kWh while others will pay by the minute because of local regulations, and Tesla says the Supercharging network will not be a profit center for the firm. Instead, any income from the network will be reinvested into new Superchargers. For example, drivers in California will pay $0.20/kWh, while New York charging will cost $0.19/kWh, and Illinois charging for $0.15/kWh. http://www.cnbc.com/2017/01/13/tesla-details-supercharging-fees-for-new-buyers.html
@nlepan$EMP.A Empire Company owner and operator of Safeway and Sobey's grocery stores has finally some good news with the appointment of former Canadian Tire president Michael Medline. At time of the news the stock was at $15.53, today the stock is up $1.05 to $16.58.
@nlepanPolitics is all PR and perception management, so looking at things through that lens, they do not want to spend it all in one go because they probably have limited resources and are trying not to fit the mould of tax and spend liberals.
@nlepan$NXO Nexoptic Technology Corp. is having a hell of a day up 28 cents (27.5%) on 907,000 shares. Most recent news on Jan 10 was the announcement of Stephen Petranek to the board of directors. Mr. Petranek is the former editor-in-chief of the world's largest scientific magazine, Discover, and was the senior editor for sciences at Life Magazine. Earlier in his career, Mr. Petranek was the editor of The Washington Post's magazine and editor-in-chief of the Miami Herald's Sunday magazine. Mr. Petranek is also a recipient of the prestigious John Hancock Award for Business and Financial Writing, considered by many to be the Pulitzer of financial writing.
@nlepanThe Rogers International Commodity Index Total return has had an incredible year. This time last year the fund was sitting at $1,877 USD and it is currently at $2,337.62. Still a long cry from its high of $3971.91 on September 14, 2012.
@nlepanA former Jefferies Group Inc. bond trader being tried a second time for defrauding clients about prices of mortgage bonds should be convicted because he lied repeatedly to his own customers to boost profits, a U.S. prosecutor argued today. They said this caused customers to overpay for bonds they bought and be paid less for bonds they sold, leading to roughly $2.25 million of improper profit for Jefferies. The outcome could affect cases against six other former traders. http://www.reuters.com/article/us-jefferies-litvak-idUSKBN14X24N?il=0
@nlepanThe case for Exxon’s Rex Tillerson as Trump’s secretary of state. "The adage goes that “oil is not found in nice places” and as such, Tillerson has found himself dealing with leaders of some of the world’s most problematic regimes – men like Russian President Vladimir Putin and former Venezuelan President Hugo Chavez. The fact that he can successfully negotiate with them is an asset, not a liability." http://www.reuters.com/article/us-tillerson-hearing-commentary-idUSKBN14V1TR
@nlepanPotential delays looming over three major U.S. natural gas pipeline projects are threatening to sour a popular wager on the fuel. Gas for delivery in April 2018 is trading at a deep discount to the march contract, for traders this signals there will be lots of supply by the end of next winter. The spread between these two contracts is known as the widow maker because it is so volatile but it could become a premium if fuel from pipelines meant to come from shale basins in Pennsylvania, Ohio and West Virginia, arrive on time. However, there are regulatory setbacks are threatening the timeline of this trade. #trading#energyhttps://www.bloomberg.com/news/articles/2017-01-12/a-popular-u-s-gas-bet-s-at-risk-of-crumbling-on-pipeline-logjam?