A December interest rate hike is on the table and investors have been frantically reallocating their portfolios in anticipation of the announcement. The probability of an interest rate hike at the December 14th FOMC meeting, according to action in the futures market, is currently implied at 95.4%. The image below shows the latest probabilities from CME Group’s Fed Watch Tool
Sometimes the market gets fairly excited about a perceived significant event causing a lot of would-be investors to jump into an investment without properly weighing all the potential risks and outcomes. Cobas Asset Management invested in Teekay Corporation (TK) to the tune of about 4 million shares. This is probably a very welcome development. It tends to confirm the bull long-term goal of multibagger....More>>>
SAN FRANCISCO Yahoo CEO Marissa Mayer on Wednesday agreed to forgo any annual equity award she might get for 2017because of the massive breach her company suffered in 2014. The Yahoo board also voted to withhold her 2016 annual bonus usually around $2 millionfor the same reason.
Under her contract, her equity award is not to be less than $12 million per year.
I like finding companies that are doing much better than other business whose stocks trade at a heftier premium, and I think I’ve found such a company in Magna (NYSE:MGA).
The shares are trading at a ridiculously cheap valuation relative to the inherent value here. In the fully relativistic game of investing, faced with limited capital, we’re much better buying a company like....More>>>
Singapore's largest property developer, CapitaLand (OTCPK:CLLDY) (CATL.SI) had a pretty good 2017. Helped by improving conditions in Singapore and China, not to mention significant project openings, CapitaLand's local shares climbed 20% and the ADRs did even better.
A power outage hit the CES consumer electronics show in Las Vegas, dimming the lights in one of the main convention halls hosting demonstrations from the likes of LG Electronics Inc. and Samsung Electronics Co.
“There is an isolated power outage at the Las Vegas Convention Center. W
In Lahore and Karachi, American flags were burned in front of TV cameras after President Trump’s decision on Jan. 4 to withhold $2 billion of security aid from Pakistan to punish it for allegedly harboring terrorists. The country’s government issued angry statements claiming no ins