Market News
Why Diageo Is Paying $500 a Bottle for George Clooney's Tequila
Wall Street Journal - 22 Jun 2017 19:04
Unfortunately for big liquor groups, craft distilling is following the trail blazed by craft brewing
Goodbye for Now to China's Biggest Deal Makers
Wall Street Journal - 22 Jun 2017 18:14
China's crackdown on lending to its biggest deal makers means the "China bid," which has kept global deal making humming, will take an even longer breather than previously thought.
A Sweetheart Deal to Bailout Italy's Banks
Wall Street Journal - 22 Jun 2017 14:51
Intesa Sanpaolo has proposed a takeover of two small banks' good assets, but the deal is almost too good to be true
A New Risk for Goldman, Morgan Stanley in Stress Tests
Wall Street Journal - 23 Jun 2017 01:30
This year's bank stress tests turned up an unpleasant surprise for Goldman Sachs and Morgan Stanley. The banks scored low on a metric introduced for the first time this year, the supplementary leverage ratio, meant to me...
Biotech Resurgence Has Bite But No FAANGs
Forbes - 23 Jun 2017 00:50
Move over FAANGs, when comparing the performance of the 10 Select Sector SPDR ETFs, healthcare is currently leading in the last 1-week, 6-week and 12-week performance periods. However, it appears the leadership within th...
Oracle Riding The Cloud Wave As Future Revenues And Margins Look Strong
Forbes - 23 Jun 2017 00:36
Oracle released its Q4 and fiscal 2017 earnings on June 21, and managed to beat its own earnings guidance and analyst estimates by a comfortable margin. The revenues also exceeded the analyst estimates by over $300 milli...
BlackRock Looks To Europe Robo-Advising Market With Minority Stake In Scalable Capital
Forbes - 23 Jun 2017 00:28
BlackRock recently took its first step into Europe's growing digital investment manager industry - commonly referred to as the robo-advisory industry - by acquiring a minority stake in Scalable Capital.
'Immaterial' Revision or Not, Hain Still has Problems
Wall Street Journal - 23 Jun 2017 00:23
An internal investigation at Hain Celestial Group found past errors in its accounting were immaterial. Investors care more about the company's future, which still looks troubled
Sebi move to ease AIF norms seen boosting IPO market
livemint.com - 22 Jun 2017 23:22
Sebi's decision to relax AIF rules will give private equity investors more flexibility in timing an exit, making IPOs a more attractive option, say experts
Intelsat New High Yield Bonds Pave The Way For M&A After Failed Softbank Deal
Forbes - 22 Jun 2017 22:34
Intelsat's proposed merger with Softbank-owned OneWeb may have publicly unraveled, but a provision in a new bond deal that it priced this week leaves the door open for a renewed effort at the merger.
The Bitcoin Bubble Will Turn Into Mania Before It Bursts
Forbes - 22 Jun 2017 21:31
The ongoing run up in Bitcoin and other digital currencies has most of the elements of a bubble, but it has yet to reach a cascade and turn into mania--the stage when a critical mass of investors rush to buy "hot" Bitcoi...
GTPL Hathway IPO subscribed 41% on Day 2
livemint.com - 22 Jun 2017 19:33
GTPL Hathway IPO, which received 41% subscription on Day 2, plans to garner up to Rs485 crore at a price band of Rs167-170 per share
3 FTSE 100 Stocks I Reckon Could Fly In July
Forbes - 22 Jun 2017 19:27
Royston Wild discusses three Footsie shares that could sprint ahead next month.
How Will Costco Compete With Amazon-Whole Foods?
Forbes - 22 Jun 2017 18:49
Amazon's acquisition of Whole Foods is likely to disrupt the grocery industry, and Amazon looks set to emerge as a strong competitor to players such as Wal-Mart, Target and Costco. While most players have invested signif...
New Trading Service Declares War On 'Disgraceful' Commissions
Forbes - 22 Jun 2017 18:42
Trading 212 has slammed the commissions charged by the big brokers, describing them as a 'disgrace'
Uber: Too Big to Flail
Wall Street Journal - 22 Jun 2017 18:41
The investors who have sunk many billions into Uber can take at least some comfort in the reality that scale still matters--by a lot.
Adobe Stock Hits Record Highs Driven By Creative Cloud, Marketing Cloud
Forbes - 22 Jun 2017 18:21
Adobe posted its fiscal Q2 results on Tuesday after market close, and its revenues increased by 27% to $1.77, above its guidance range. As a result, the stock price rose by close to 5% in after-market hours trading.
The Future Is Waiting: Private Enterprise Is Making Sci-Fi Technology A Reality
Forbes - 22 Jun 2017 18:19
Private enterprises are working to convert sci-fi concepts, such as affordable fusion power and commercial space travel, into 21st century realities. And they're bringing in the funding to make it happen.
Muslim Capitalism: Saudi Arabia Under Review For Inclusion In Trillion Dollar Stock Index
Forbes - 22 Jun 2017 18:07
MSCI says the Kingdom is on its way to becoming a full-fledged market for investors.
How This Grandma Is Living Off $387,000 Forever
Forbes - 22 Jun 2017 17:44
A conservative yet savvy grandma in the Midwest raking in more monthly income than my boy, on a modest $387,000 in savings.
June: Baku F1 Grand Prix
CNN - 22 Jun 2017 17:39
In June's edition of The Circuit, Amanda Davies takes a look at the Baku Grand Prix with former F1 driver David Coulthard.
SAPVoice: The Role Of AI In Financial Trading -- It's Not What You Think
Forbes - 22 Jun 2017 17:32
The financial industry has been all over Artificial intelligence (AI) supporting front end trading processes, leaving much of the rest of the business in the last century. That won't be true for much longer if Bikram Sin...