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Do you have real estate FOMO? What you need to know before it affects your finances + MORE May 3rd
The fear of missing out on owning a home, a.k.a. real estate FOMO, can be a powerful feeling—especially if you’re watching from the sidelines as home values soar. “I think of all the ‘high-priced’ $600,000 homes I could have purchased,” says Candice Best, a public relations executive bas.... More »
Minecraft "RTX On" Looks Like an Entirely New Game - Gamescom 2019 - IGN Aug 20th
Minecraft "RTX On" Looks Like an Entirely New Game - Gamescom 2019 IGNMicrosoft, Nvidia team up for more realistic visuals on Minecraft game The TelegramWant real-time ray tracing on your AMD GPU? Use Nvidia’s GeForce Now PCGamesNMinecraft: Nvidia RTX Ray-Tracing a.... More »
Investment firms are snapping up U.S. homes. In Canada, the trend is 'in its infancy,' says Remax boss - CBC News + MORE Aug 3rd
Investment firms are snapping up U.S. homes. In Canada, the trend is 'in its infancy,' says Remax boss CBC News.... More »
Can I set up RESPs for my kids without telling my ex? + MORE Feb 27th
Q: I am divorced and my wife has custody of our kids. I want to set up an RESP for them but I don’t want my ex-wife to know about it. I’m worried she’ll find out if I use their actual address when I open it. Can I use my mine instead?
—Kris
A: I don’t like secrets in prin.... More »
Carlos Ghosn speaks after fleeing financial misconduct charges in Japan | LIVE - Jan 8th
Carlos Ghosn speaks after fleeing financial misconduct charges in Japan | LIVE WATCH LIVE: Fmr. Nissan CEO Carlos Ghosn holds a news conference after escape to Lebanon – 1/8/2020 CNBC TelevisionIran, Boeing 737, Carlos Ghosn: Your Wednesday Briefing The New York Ti.... More »
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.
Weekend Readings
– IntelligentSpeculator.net
Wow, misses by Google (GOOG) and Microsoft (MSFT) in last night’s earnings will continue to put pressure on Apple which is reporting earnings next week. It’ll be very interesting. I wouldn’t want to be asked for a prediction here, anyone have thoughts?General Readings
-Investing mistakes made by beginners @ InvestorJunkie
-CFA more relevant than ever @ SmartFinancialAnalyst
-Don’t invest in hedge funds @ TheAtlantic
Dividend/Passive Income Readings
-Change your investor perception @ TheDividendGuyBlog
-Wells Fargo (WFC) dividend analysis @ DividendMonk
Tech Stock Readings
-Big Microsoft Reorg @ TechCrunch
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The post Weekend Readings appeared first on Intelligent Speculator.
TSX heads higher as commodities rise, General Electric beats expectations
– canadianbusiness.com
TORONTO – The Toronto stock market closed higher as energy stocks advanced while oil prices hit a 16-month high and traders took in a mixed batch of U.S. earnings.
The S&P/TSX composite index gained 56.28 points to 12,685.13.
The Canadian dollar was up 0.08 of a cent to 96.46 cents US as inflation came in at an annualized rate of 1.2 per cent, which was in line with expectations.
U.S. indexes were generally lower as the Dow Jones industrials lost 4.8 points to 15,543.74 but found some support from an earnings report from General Electric that beat expectations.
The Nasdaq fell 23.66 points to 3,587.61 as Google and Microsoft missed on earnings and revenue. The S&P 500 index edged 2.72 points higher to 1,692.09.
Oil edged up one cent to US$108.05 a barrel after rising as high as $109.32, the highest price since March 1, 2012.
© The Canadian Press, 2013
The post TSX heads higher as commodities rise, General Electric beats expectations appeared first on Canadian Business.
The S&P/TSX composite index gained 56.28 points to 12,685.13.
The Canadian dollar was up 0.08 of a cent to 96.46 cents US as inflation came in at an annualized rate of 1.2 per cent, which was in line with expectations.
U.S. indexes were generally lower as the Dow Jones industrials lost 4.8 points to 15,543.74 but found some support from an earnings report from General Electric that beat expectations.
The Nasdaq fell 23.66 points to 3,587.61 as Google and Microsoft missed on earnings and revenue. The S&P 500 index edged 2.72 points higher to 1,692.09.
Oil edged up one cent to US$108.05 a barrel after rising as high as $109.32, the highest price since March 1, 2012.
© The Canadian Press, 2013
The post TSX heads higher as commodities rise, General Electric beats expectations appeared first on Canadian Business.
Tech slump pulls stocks mostly lower after weak results from Google, Microsoft; S&P inches up
– canadianbusiness.com
NEW YORK, N.Y. – Technology stocks are slumping on Wall Street after weak results from Microsoft of Google, but the rest of the market is closing out a decent week.
The Standard & Poor’s 500 managed a small gain, enough for the index to set another record high.
The S&P edged up two points, or 0.2 per cent, to 1,692. It rose 0.7 per cent for the week.
The Dow Jones industrial average slipped five points, 0.03 per cent, to 15,543, held back by losses in Microsoft and IBM.
The Nasdaq fell 23 points, 0.7 per cent, to 3,587. The Nasdaq was the only major index to lose ground for the week.
Microsoft plunged 11 per cent after writing off $900 million on its tablet computer.
Slightly more stocks rose than fell on the New York Stock Exchange.
The post Tech slump pulls stocks mostly lower after weak results from Google, Microsoft; S&P inches up appeared first on Canadian Business.
The Standard & Poor’s 500 managed a small gain, enough for the index to set another record high.
The S&P edged up two points, or 0.2 per cent, to 1,692. It rose 0.7 per cent for the week.
The Dow Jones industrial average slipped five points, 0.03 per cent, to 15,543, held back by losses in Microsoft and IBM.
The Nasdaq fell 23 points, 0.7 per cent, to 3,587. The Nasdaq was the only major index to lose ground for the week.
Microsoft plunged 11 per cent after writing off $900 million on its tablet computer.
Slightly more stocks rose than fell on the New York Stock Exchange.
The post Tech slump pulls stocks mostly lower after weak results from Google, Microsoft; S&P inches up appeared first on Canadian Business.
SEC files charges against hedge fund founder Cohen for failing to prevent insider trading
– canadianbusiness.com
WASHINGTON – The Securities and Exchange Commission on Friday filed civil charges against Steven A. Cohen that accused the billionaire hedge-fund manager of failing to prevent insider trading.
Cohen, 57, founded and runs SAC Capital Advisors, among the largest hedge funds that at one point managed assets of more than $15 billion. The government has called the SAC Capital case one of the biggest insider-trading fraud cases in history.
The SEC said Cohen failed to supervise two portfolio managers at the fund and prevent them from illegal insider trading. As a result of the trades, the fund reaped profits and avoided losses of more than $275 million, the SEC said.
Both managers provided information to Cohen that suggested they had access to inside information, the SEC said. Rather than report them, he praised one of the managers for the trades and rewarded the other with a $9 million bonus, according to the SEC.
The SEC is seeking unspecified fines against Cohen. The case will be heard by an administrative law judge at the SEC…
Cohen, 57, founded and runs SAC Capital Advisors, among the largest hedge funds that at one point managed assets of more than $15 billion. The government has called the SAC Capital case one of the biggest insider-trading fraud cases in history.
The SEC said Cohen failed to supervise two portfolio managers at the fund and prevent them from illegal insider trading. As a result of the trades, the fund reaped profits and avoided losses of more than $275 million, the SEC said.
Both managers provided information to Cohen that suggested they had access to inside information, the SEC said. Rather than report them, he praised one of the managers for the trades and rewarded the other with a $9 million bonus, according to the SEC.
The SEC is seeking unspecified fines against Cohen. The case will be heard by an administrative law judge at the SEC…
