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Intel's worst day in 50 years: Stock trading at levels not seen in a decade - CNBC Television Aug 2nd
Intel's worst day in 50 years: Stock trading at levels not seen in a decade CNBC TelevisionInte stock plummets most in 40 years, as company suspends dividend, cuts jobs amid restructuring Yahoo FinanceIntel's stock plunges as company cuts 15% of workforce, struggling to fund ch.... More »
Toro agrees to buyout by ARC Financial-owned oil firm + MORE Dec 14th
Toro shares jump 60% after oil-patch junior agrees to $44-milllion buyout from Steelhead Petroleum
.... More »
Apple looks to tests boundaries with $1000 iPhone - CTV News Sep 11th
CTV NewsApple looks to tests boundaries with $1000 iPhoneCTV NewsSAN FRANCISCO - Apple is expected to sell its fanciest iPhone yet for $1,000, crossing into a new financial frontier that will test how much consumers are willing to pay for a device that's become an indispensable part of modern l.... More »
Once-eased US economic sanctions against Iran back in effect - The London Free Press + MORE Aug 7th
AL.comOnce-eased US economic sanctions against Iran back in effectThe London Free PressWASHINGTON — The first set of U.S. sanctions against Iran that had been eased under the landmark nuclear accord went back into effect early Tuesday under an executive order signed by President Donald Trump, targ.... More »
Buying pre-construction: What if your home is worth less than you paid? + MORE Jan 26th
Many Canadians bought pre-construction homes and condos at the height of the real estate market, as ultra-low interest rates fuelled a steady climb in Canadian real estate prices. Now some of those buyers are walking away from their purchases, unable to close on properties worth less than they paid .... More »
Why some university students are doomed to below-average earnings
– theglobeandmail.com
Analysis of Statscan data shows the value of a degree depends on the field of study – computer science, you’re golden; humanities, you’re broke
4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
In Washington, Every Problem Is a Bank
– online.wsj.com
A Missouri regulator tries to educate the financial wise men.
Penney’s biggest investor sells all shares for $12.60 each, losing about half his investment
– canadianbusiness.com
NEW YORK, N.Y. – J.C. Penney’s biggest investor and former board member Bill Ackman has sold his nearly 18 per cent stake to Citigroup for $12.60 per share, a discount to the stock’s recent closing price.
The regulatory form filed late Wednesday confirms that Ackman, who owns Pershing Square Capital Management, lost about half of his investment since buying Penney’s shares in 2010. Ackman paid on average about $25 per share.
Both Pershing Square and Penney said Monday that Ackman planned to sell all 39.1 million shares of the retailer that he owned. The move comes nearly two weeks after Ackman resigned from Penney’s board as part of a deal to resolve an unusually public battle between the activist investor and the struggling department store operator.
Shares fell more than 3 per cent, or 41 cents, to close at $12.76 per share on Wednesday.
The post Penney’s biggest investor sells all shares for $12.60 each, losing about half his investment appeared first on Canadian Business.
The regulatory form filed late Wednesday confirms that Ackman, who owns Pershing Square Capital Management, lost about half of his investment since buying Penney’s shares in 2010. Ackman paid on average about $25 per share.
Both Pershing Square and Penney said Monday that Ackman planned to sell all 39.1 million shares of the retailer that he owned. The move comes nearly two weeks after Ackman resigned from Penney’s board as part of a deal to resolve an unusually public battle between the activist investor and the struggling department store operator.
Shares fell more than 3 per cent, or 41 cents, to close at $12.76 per share on Wednesday.
The post Penney’s biggest investor sells all shares for $12.60 each, losing about half his investment appeared first on Canadian Business.
How your portfolio can weather the Syrian conflict
– canadianbusiness.com
Wednesday’s headlines were filled with warnings that a U.S. attack on Syria may be imminent, and the markets have responded accordingly—pushing oil, for example, to its highest heights in over two years.
An American intervention in the Syria civil war is disconcerting, but financial advisors across Canada are reminding their clients to keep calm and, well, carry on really, even though it may seem like now is the time to start shuffling your portfolio.
As Stevan Dostanic, an investment consultant with Astrolabe Financial put it in an email: “We try to preach patience and have [investors] ignore the noise around them; the current escalation of the Syrian conflict being but one example.”
The flurry of market activity spurred by the headlines can make investors feel as though the situation requires action on their part, perhaps in the form of leaving certain investments behind in order to buy into “safe” assets such as gold. But this may end up doing more harm than good. Dostanic noted that a crisis may be a trigger to remove yourself from risky assets, but how will you determine when the time will be to get back in?
And when the dust settles, you might find that the safe assets you flew to in a knee-jerk reaction have fallen back to pre-crisis prices…
An American intervention in the Syria civil war is disconcerting, but financial advisors across Canada are reminding their clients to keep calm and, well, carry on really, even though it may seem like now is the time to start shuffling your portfolio.
As Stevan Dostanic, an investment consultant with Astrolabe Financial put it in an email: “We try to preach patience and have [investors] ignore the noise around them; the current escalation of the Syrian conflict being but one example.”
The flurry of market activity spurred by the headlines can make investors feel as though the situation requires action on their part, perhaps in the form of leaving certain investments behind in order to buy into “safe” assets such as gold. But this may end up doing more harm than good. Dostanic noted that a crisis may be a trigger to remove yourself from risky assets, but how will you determine when the time will be to get back in?
And when the dust settles, you might find that the safe assets you flew to in a knee-jerk reaction have fallen back to pre-crisis prices…
