In late 2016 and early 2017, profitability deteriorated rapidly at Mexican budget airline Volaris (NYSE:VLRS)due to market disruptions caused by the U.S. presidential election. Fears about a crackdown on trade or immigration under President Trump led to a sharp drop in the Mexican peso and a down
Global interest rates jumped Friday to their highest level since the U.K.s vote to leave the European Union, in a sharp global government-bond selloff sparked by hawkish comments from Federal Reserve officials and policy inaction by the European Central Bank.
&l;p&g;&l;img class=&q;size-full wp-image-18407&q; src=&q;http://blogs-images.forbes.com/nathanvardi/files/2018/03/Brian-Sheth-vista2.jpg?width=960&q; alt=&q;brian sheth vista&q; data-height=&q;508&q; data-width=&q;690&q;&g; Brian N. Sheth, the co-founder and President of Vista Equity Partners.
One deal was for $4.3 billion to purchase Tibco Software. Another was a $6.5 billion acquisition....More>>>
U.S. banks reduced their holdings of state and local government bonds for the first time since 2009 after the federal government slashed corporate tax rates, making the securities less valuable to one of the market’s key buyers.
Figures released by the Federal Reserve Thursday show that the lenders’ holdings of municipal debt dropped by $15.8 billion during the first three months....More>>>
Canadian home sales fell to the lowest in more than five years in April, as tougher mortgage qualification rules deterred buyers.
The number of homes sold last month declined 2.9 percent from March, the Canadian Real Estate Association said Tuesday from Ottawa. Declines were recorded in about 60 percent of cities tracked including Vancouver, Calgary, Toronto and Montreal.
Commerce Bank grew its stake in Pfizer Inc. (NYSE:PFE) by 17.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,177,243 shares of the biopharmaceutical company’s stock after acquiring an additional 463,796 shares during the period. Pfizer comprises 1.5% of Commerce Bank’s investment portfolio, making the stock its 8th biggest holding.....More>>>
Norinchukin Bank The lifted its holdings in Roper Technologies Inc (NYSE:ROP) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,423 shares of the industrial products company’s stock after purchasing an additional 1,238 shares during the period. Norinchukin Bank The’s holdings in Roper Technologies....More>>>
Retirees interested in the security of guaranteed income often turn to immediate annuities, which provide regular payments that begin right away in exchange for a lump-sum investment. In recent years, that guarantee has come at a price: Low interest rates have depressed monthly payments. But rates have begun to move up and are expected to climb higher. Annuity payouts are rising, too.
Energen (NYSE:EGN) has been given a $79.00 price objective by research analysts at Williams Capital in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the oil and gas producer’s stock. Williams Capital’s target price points to a potential upside of 24.06% from the stock’s current price.
EGN has been the subject of several other....More>>>
Saudi Arabian Oil Co. and Total SA are weighing jointly buying businesses such as Tas’helat Marketing Co. to gain access to networks of retail fuel stations in the Gulf kingdom, according to people with knowledge of the matter.
The state-owned company, known as Aramco, and the French oil giant are also looking at a range of options from consolidating some service stations to potentially....More>>>
Russia’s Central Bank wary of crypto-currency. But authorities moving ahead with developing this part of the fintech market in Russia. (Shutterstock)
Although the National Settlement Depository (NSD) of the Moscow Stock Exchange is working on building the infrastructure to allow for bitcoin and other digital currency trading on the exchange someday, Russia’s central bankers still....More>>>
Oil has been on a rollercoaster ride, making and stealing fortunes for and from speculators. Since mid-June, oil has plunged approximately 60%, which has been due to oversupply and slowing global economic growth, the latter of which leads to reduced demand. Earlier this year Feb. 11 to be exact oil hit a low of $26.05/barrel. Some economists and analysts feel as though the $30/barrel level can....More>>>
Chemung Financial Corp. (NASDAQ:CHMG) announced a quarterly dividend on Friday, May 18th, Wall Street Journal reports. Investors of record on Monday, June 18th will be given a dividend of 0.26 per share by the bank on Monday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, June 15th.
Dropbox, Inc. (NASDAQ:DBX)’s share price reached a new 52-week high and low during trading on Thursday . The stock traded as low as $36.75 and last traded at $37.09, with a volume of 341374 shares trading hands. The stock had previously closed at $32.31.
A number of brokerages recently issued reports on DBX. Goldman Sachs Group began coverage on Dropbox in a report on Tuesday, April....More>>>
Simon Property Group (NYSE:SPG) and General Growth Properties (NYSE:GGP), the country’s two biggest mall owners, are getting understandably tired of stores in their properties closing and of the subsequent vacancies. So they couldn’t have been thrilled when Aeropostale (NYSE:ARO), a large teen-apparel retailer based primarily in malls, filed for bankruptcy in May.
Tower Semiconductor (NASDAQ:TSEM) – Zacks Investment Research lowered their Q2 2018 EPS estimates for Tower Semiconductor in a report issued on Tuesday, May 8th. Zacks Investment Research analyst L. Thompson now expects that the semiconductor company will post earnings per share
PNC (NYSE:PNC) is, as are many other regional or supra regional commercial banks in the US, the fruit of the dog-eat-dog M&A frenzy over the last 20 years, accelerated by the enactment of the Reagle-Neal Interstate Banking Act by Bill Clinton in 1996.
Zacks Investment Research upgraded shares of United Overseas Bank (OTCMKTS:UOVEY) from a hold rating to a buy rating in a research report released on Tuesday morning. Zacks Investment Research currently has $49.00 target price on the stock.
My instincts take me away from battlegrounds. While there may be entertainment value in following Valeant (NYSE:VRX) or Herbalife (HLF) or Tesla (TSLA), and there is usually a lesson or two to be learned as things shake out, but I'm not smart enough or patient enough to weed t
Shares of Chipotle Mexican Grill (NYSE:CMG) dropped 21.4% in 2016, according to data provided byS&P Global Market Intelligence. The aftermath of Chipotle's food safety crisis in 2015, when cases of E. coli and norovirus popped up at Chipotle resta