The rupee ended mildly higher yesterday amid ranged movement. The currency may sustain gains as a sharp decline in crude prices may provide some cushion to increased risks of spiralling deficit The USD was sharply higher as US a
As a group, Americans have shockingly little saved for retirement.
Northwestern Mutual’s 2018 Planning & Progress Study, which surveyed 2,003 adults, found that 21% of Americans have nothing saved at all for their golden years, and a third of Americans have less than $5,000. To put that into perspective, it means that 31% of U.S. adults could last only a few months on their savings....More>>>
Value investors get a bad rap. Sometimes, value investing is referred to as “cigar butt” investing, in that picking up cheap, undervalued stocks is equivalent to picking up mostly smoked cigars off of the sidewalk. A good friend and colleague of mine used to call me a “dumpster diver”. Guilty.
Why value? Personally, I hate overpaying. The old Wall Street maxim “buy....More>>>
Every night in 1995, I would deposit money overnight in a different currency… Sounds strange, I realize. But back then, as the vice president of a global mutual fund, one of my jobs was to execute our fund's trades. Once our U.S. trading day was done, we wanted our money to work for us overnight as well. We might put our money into French francs, German marks, or somewhere....More>>>
Watching the fireworks yesterday, a houseguest commented on why the techno display is bad for the environment (there’s always one in every crowd, isn’t there…!) It’s hard to ignore the majesty of a well produced fireworks display, and I don’t really see too many people hopping on the “let’s clean up the environment by eliminating standard 4th....More>>>
Peyto (OTCPK:PEYUF) is a Canadian E&P company whose production profile is dominated by dry gas (92%). With the low price of natural gas, it has been a tough couple of years for Peyto’s shareholders. That said, the company has maintained its dividend payout through the commodity price downturn. Recently natural gas prices have recovered from their lows, but Peyto’s stock has not kept....More>>>
Both initial public offerings (IPOs) on last week’s calendar successfully reached the public market and combined to raise a total of about $180 million in new capital. But the IPO market has apparently hit the pause button for the final week of the first quarter, and no offerings are on tap until the first week of April.
Data analytics software maker Alteryx Inc. (NYSE: AYX) raised....More>>>
Check out the companies making headlines before the bell:
Bank of America The bank reported quarterly profit of 62 cents per share, 3 cents a share above estimates, with revenue also above forecasts. The bank’s results were helped by improved loan growth and deposits, among other factors.
WPP Group WPP founder and Chief Executive Officer Martin Sorrell has stepped down. Two....More>>>
Friday brought 2016 to a close for the stock market, and major market benchmarks limped into the long weekend with losses. The Dow fell 57 points, finishing the year almost 240 points shy of the much-anticipated 20,000 mark, and the S&P 500 and Nasdaq were down between half a percent and nearly a full percent on the day. Yet despite the disappointment among some that the Dow didn’t manage....More>>>
On May 9, wireless technology giantQualcomm(NASDAQ:QCOM) announced a new stock repurchase program for $10 billion of the company's shares. This program, the company said, replaces a previous buyback authorization that had $1.2 billion remaining (so the net increase in Qualcomm's buyback firepower
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by a whopping 12.6 million barrels last week, maintaining a total U.S. commercial crude inventory of 405.2 million barrels. That
While annuities can make sense in certain circumstances, it's important to be aware of the drawbacks before purchasing any type of investment. And with annuities, the main drawback is the cost. Annuities tend to have higher fees than many other investments, and in some cases, the difference can b
Akcea Therapeutics Inc. (NASDAQ: AKCA) shares saw a nice bump on Wednesday after the company announced in conjunction with Ionis Pharmaceuticals, Inc. (NASDAQ: IONS) that they had received a marketing authorization approval from the European Commission (EC).