Hawaii’s Outrigger Hotels being sold to investment firm + MORE Nov 9th

The Globe and MailGoodbye calm. How Trump will affect your personal financesThe Globe and MailFor better or for worse, a victory by Hillary Clinton in the U.S. presidential election would have meant more of the same in economy and financial markets. Mr. Trump's surprise win leads us into four years of uncertainty. We know what he said he'd do …Stock markets benefit from a bounce amid Donald Trump presidency victoryCalgary HeraldUSD/CAD – Canadian Dollar Quiet Ahead of US VoteMarketPulse (blog)all 52 news articles »

HONOLULU, Hawaii – The Hawaii family-owned hotel chain Outrigger Hotels and Resorts is being sold to a Denver-based investment firm.
Outrigger and KSL Capital Partners jointly announced the deal on Tuesday. They didn’t disclose terms of the agreement.
The sale includes hotels in Hawaii as well as properties in Guam, Fiji, Thailand, Mauritius and the Maldives.
KSL Capital invests in hospitality, recreation and travel businesses as well as clubs and real estate. Its affiliates own luxury spa and wellness company Miraval Group and the Monarch Beach Resort in Dana Point, California.
Roy and Estelle Kelley founded Outrigger in 1947. The Kelley family has operated the company since, expanding it to include 37 properties.
The companies say the current management team will stay in place. Outrigger headquarters will remain in Honolulu.
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(Gage Skidmore/Flickr)
It’s been eight years since the U.S.-spawned financial crisis unleashed misery around the world. Now angry U.S. voters have thrown another giant wrench into the sputtering machinery of the global economy: president-elect Donald J. Trump.
With the S&P 500 Index posting its biggest two-day rally since June in the run-up to Tuesday’s vote, investors were clearly betting on Hillary Clinton to win the White House based on the Democratic candidate’s recovering poll numbers in the campaign’s final days. Instead, Trump’s surprise, come-from-behind victory has set the stage for dramatic sell-off when North American markets resume trading Wednesday morning, and likely in the days and weeks to come—not unlike the big swoon that followed the U.K.’s unexpected Brexit referendum results last spring.
The signs are all there for extreme short-term volatility. Futures for the Dow Jones Industrial Average plunged more than 700 points, or around 4.1 per cent as Trump’s victory emerged, while S&P 500 futures fell by five per cent…

(Gage Skidmore/Flickr)
President Trump. Few anticipated it could actually happen. Global equity markets certainly didn’t; they were surging earlier in the week when polls suggested Hillary Clinton would cruise to the White House.
So what now?
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}What President Trump could mean for Canada’s economy, and the world’s
No matter what U.S. president-elect Donald Trump and his team say today, or in the coming weeks and months, investors can expect to stomach a fair amount of volatility. CIBC World Markets chief economist Avery Shenfeld sums up the near-term outlook succinctly in an early morning note: “Given the surprising nature of Trump’s victory and the lack of clarity surrounding whether many of his proposals can become reality, the roller coaster ride has already begun for financial markets.” (Although the initial shock that pointed to a significantly lower open has been tempered somewhat…

(Gage Skidmore/Flickr)
Your stocks, interest rates and certain sectors of the U.S. economy in general will be affected now that president-elect Trump is on track to take office after his stunning victory in the U.S. election. Here’s what to expect.

Average returns of the Dow Jones Industrial Index will be lower. “The average annual return of the Dow Jones Industrial Average Index from 1901 through September 2016 has been 4.5%,” notes Stephanie T. Withers, a senior vice president of Bel Air Investment Advisors in a recent Forbes magazine article. Under Democrat presidents, the index has returned 7.0% per year on average, while under Republican administrations the blue-chip benchmark returned 3% per year. So get used to lower returns.

AT&T and Time Warner will take an immediate hit given how much U.S. election winner Trump has objected to their recently-announced merger plan during the campaign. (AT&T, by the way, also happens to have a huge business in Mexico).

Large pharmaceutical firms and biotech companies will stay the course…