Berkshire Hathaway, the conglomerate controlled by Warren Buffett, agreed Wednesday to buy a stake in the troubled Canadian mortgage lenderHome Capital Group in a $1.8 billionrescue plan.
Berkshire will pay $300.7million for a 38.4% stake of the Toronto-based company and extend a $1.5 billion line of credit.
“This investment from Berkshire not only addresses Home Capitals....More>>>
Bitcoin has had a banner 2016.
After two years of lackluster returns, the price of a single coin soared more than 100% this year putting bitcoin on track for its best annual performance since 2013. A wave of exuberance carried bitcoin from around $90 in January of that year to an all-time high of $1,242.
Bitcoins market capitalization sailed past $14.5 billion as the price of a single....More>>>
Fidel Castro, Cuba's longtime president, died late Friday night at age 90. It would have been so much better if he had lived just a few more days. You see… on Friday, the Herzfeld Caribbean Basin Fund (CUBA) – an exchange-traded fund of companies that do business in Cuba and other Caribbean countries – closed at a 14% discount to its net asset value (NAV). The holdings....More>>>
On Friday, our Under the Radar Moversnewsletter suggested going long on small cap consumer financestock Santander Consumer USA Holdings (NYSE: SC):
What’s a little more difficult to quantify – or even see – is the way bullish volume has been building during the reversal effort that started in late January.
That pattern isn’t the only thing going on with the....More>>>
Morgan Stanley’s David Risinger and team give their thoughts on one of the most pressing questions for investors in shares of Valeant Pharmaceuticals International (VRX)–when will it be safe to invest? The answer is unclear:
When will it be safe to go back into the water? Over the last few months, it seems every time investors thought that there....More>>>
My goal in this segment is to unlock both short-term and long-term growth in stocks that have just reported earnings. These stocks are specifically subject to enormous volatility as earnings reports are seen (and rightfully so) as a significant display of a company’s progression in the market. What I offer you is an analysis of the economic well-being of the company,....More>>>
Wall Street traders may be scared about what life will be like for Starbucks (SBUX) without Howard Schultz as CEO, but they should chill out a bit.
Schultz, 63, will step down effective April 3, 2017, the global coffee powerhouse said Thursday, just days ahead of its annual meeting with investors.
The visionary leader of Starbucks, who was CEO from 1987 to 2000 and then again....More>>>