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Making sense of the markets this week: May 14, 2023 May 12th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
U.S. Inflation continues to move in the right direction
Despite the strong April jobs report in the United States, overall inflatio.... More »
90 days - 2.00% + MORE Dec 9th
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online..... More »
40 days - 2.75% + MORE Oct 21st
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online..... More »
Stop trading your ETFs, an oversold bank stock, and strategies to deal with volatility + MORE Feb 13th
A roundup of investment ideas for active investors
.... More »
Investors flock to TD preferred-share offering despite lower yield + MORE Aug 30th
With financial institutions likely to follow in TD’s steps of lower yields, we now must ask: Have we seen peak yield?
.... More »
As Alibaba files for potential record-breaking IPO, a look at the biggest offerings
– canadianbusiness.com
NEW YORK, N.Y. – Chinese e-commerce company Alibaba Group is seeking to raise up to $24.3 billion in a initial public offering on the New York Stock Exchange, which would value the company at $163 billion. Those are both IPO records. Here’s a look at some of the largest global IPOs ever, based on records from data provider Dealogic.
The largest IPOs by amount raised:
1. Agricultural Bank of China Ltd. raised $22.12 billion in its June 2010 debut in Hong Kong and Shanghai. It had a market capitalization of $133.4 billion.
2. Industrial & Commercial Bank of China raised $21.93 billion in its October 2006 debut in Hong Kong and Shanghai. It had a market capitalization of $131.83 billion.
3. AIA Group Ltd. raised $20.49 billion in its October 2010 debut in Hong Kong. It had a market capitalization of $30.54 billion.
4. Visa Inc. raised $19.65 billion in its March 2008 debut in New York. It had a market capitalization of $44.32 billion.
5. NTT Mobile Communications Network Inc…
The largest IPOs by amount raised:
1. Agricultural Bank of China Ltd. raised $22.12 billion in its June 2010 debut in Hong Kong and Shanghai. It had a market capitalization of $133.4 billion.
2. Industrial & Commercial Bank of China raised $21.93 billion in its October 2006 debut in Hong Kong and Shanghai. It had a market capitalization of $131.83 billion.
3. AIA Group Ltd. raised $20.49 billion in its October 2010 debut in Hong Kong. It had a market capitalization of $30.54 billion.
4. Visa Inc. raised $19.65 billion in its March 2008 debut in New York. It had a market capitalization of $44.32 billion.
5. NTT Mobile Communications Network Inc…
30 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Sydney Morning HeraldHypoxia believed to be cause of fatal plane crashSydney Morning HeraldA small plane that flew for hours in radio silence before crashing near Jamaica ran into trouble and sought to drop to a lower altitude before contact was lost with the New York real estate developer at the controls. "We need to descend" to 18,000 feet (5500 …Unresponsive, private US plane crashes off coast of JamaicaeuronewsSearch underway for wreckage of plane that crashed near JamaicaLos Angeles TimesSmall Plane Leaves Rochester and Crashes Off Jamaica; Two Are DeadNew York TimesCNN -Daily Mail -New Zealand Heraldall 957 news articles »
How the Dow Jones industrial average and other major indexes fared Friday
– canadianbusiness.com
A surge in dividend-rich utility stocks helped push the Standard & Poor’s 500 index to a record Friday.
The stock market also got a lift from a cease-fire agreement between Ukraine and Russian-backed separatists, aimed at bringing an end to nearly five months of fighting.
The Dow Jones industrial average rose 67.78 points, or 0.4 per cent, to 17,137.36.
The Standard & Poor’s 500 index climbed 10.06 points, or 0.5 per cent, to end at 2,007.71.
The Nasdaq composite gained 20.61 points, or 0.5 per cent, to 4,582.90.
For the week:
The Dow is up 38.91 points, or 0.2 per cent.
The S&P 500 is up 4.34 points, or 0.2 per cent.
The Nasdaq is up 2.63 points, or 0.1 per cent.
For the year:
The Dow is up 560.70 points, or 3.4 per cent.
The S&P 500 index is up 159.35 points, or 8.6 per cent.
The Nasdaq is up 406.31 points, or 9.7 per cent.
The post How the Dow Jones industrial average and other major indexes fared Friday appeared first on Canadian Business.
The stock market also got a lift from a cease-fire agreement between Ukraine and Russian-backed separatists, aimed at bringing an end to nearly five months of fighting.
The Dow Jones industrial average rose 67.78 points, or 0.4 per cent, to 17,137.36.
The Standard & Poor’s 500 index climbed 10.06 points, or 0.5 per cent, to end at 2,007.71.
The Nasdaq composite gained 20.61 points, or 0.5 per cent, to 4,582.90.
For the week:
The Dow is up 38.91 points, or 0.2 per cent.
The S&P 500 is up 4.34 points, or 0.2 per cent.
The Nasdaq is up 2.63 points, or 0.1 per cent.
For the year:
The Dow is up 560.70 points, or 3.4 per cent.
The S&P 500 index is up 159.35 points, or 8.6 per cent.
The Nasdaq is up 406.31 points, or 9.7 per cent.
The post How the Dow Jones industrial average and other major indexes fared Friday appeared first on Canadian Business.
Former Livent executive Gottlieb reaches tentative deal with OSC
– theglobeandmail.com
Commission has accused Mr. Gottlieb of manipulating Livent’s financial statements along with Livent co-founder Garth Drabinsky and former vice-president of finance Gordon Eckstein
