China’s Evergrande Real Estate Group. Brent Lewin | Bloomberg | Getty Images SINGAPORE — Shares of China Evergrande plunged on Wednesday, after the indebted Chinese property developer said it had placed new shares at a discount. On Wednesday morning, its Hong Kong-listed shares dived more than 16%. The cash-strapped developer, China’s second-largest by sales, announced
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(Source: Unsplash) Introduction I recently published an article encouraging investors to avoid long-term bonds because they currently offer extremely low incremental yield pickups per unit of duration (interest rate) risk – lower than ever before in history. I have encouraged selling not only long-term bond funds, but even core bond funds because they have so
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French president Emmanuel Macron has announced a 9pm-6am curfew for Paris and eight other big cities from Saturday in an attempt to curb the rise of coronavirus infections that threaten to overwhelm the country’s hospitals.  “Our intensive care wards are under unsustainable pressure,” Mr Macron said in an interview with French television stations on Wednesday
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Over the years, technicians have found two problems with the simple moving average. The first problem lies in the time frame of the moving average (MA). Most technical analysts believe that price action, the opening or closing stock price, is not enough on which to depend for properly predicting buy or sell signals of the
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David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $5.57 per share, 16% higher than a year earlier, according to Refinitiv. Revenue: $9.46 billion,
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The Disney+ (Plus) logo is seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. Disney — Shares of the media giant advanced more than 4% after the company announced a major reorganization that will make streaming a “primary focus.” To accelerate its direct-to-consumer
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With stunning views of the city, The Emerald is Seattle’s newest waterfront residential tower. Cory Holland, Clarity NW Just completed, The Emerald is Seattle’s newest luxury condominium tower, located above downtown Seattle’s iconic Pike Place Market and the city’s newly reimagined waterfront. The 40-story faceted-glass building located at the corner of 2nd Avenue and Stewart Street
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Investor sentiment has clearly shifted over the past two weeks as a broad-based equity rally for U.S. markets has taken hold. While anxiety remains high, especially around the elections, big money has been moving into value stocks, small-caps tied to the recovery, and industries that may do well if Biden wins the presidency in November.
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iShares Short Treasury Bond ETF (SHV) holds over $21.2 billion in assets when we last looked at it. It is one of the larger ETFs around and assets have actually gone up over the last few years. We examine this one today as its numbers gave us a mild case of indigestion. Returns Are Nothing
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46.1 The latest reading of the New York City Recovery Index out of a possible score of 100. Editor’s note: Below you’ll find the week 10 release of the NYC Recovery Index, originally published Oct 5, 2020. Visit the NYC Recovery index homepage for the latest data. As New York City braces itself for a potential second
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Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings:  93 cents a share, a 55% decline from a year earlier, according to Refinitiv. Revenue: $17.2 billion,
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Puerto Rico Oversight Board member Arthur Gonzalez became the fourth original board member to step down on Friday. On Wednesday President Donald Trump appointed Justin Peterson to sit on the board. Effectively, this ended González’s tenure on the board unless a member of the Congressional leadership recommended him to the president. González’s announcement Friday seals
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Some insurance companies have combined with brokerage companies, banks and other financial institutions to offer their customers a wider range of services. That is certainly the case for the Canadian insurance industry, which has experienced a number of acquisitions and mergers. Below we explore the five largest Canadian insurance companies defined by their annual revenue in 2019.
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Vulnerability is basically uncertainty, risk, and emotional exposure. – Brene Brown The ProShares UltraPro QQQ ETF (NASDAQ:TQQQ) has set an ambitious goal – generating a daily return that is three times that of the NASDAQ 100 (NDX), before fees and expenses. It achieves its goals by leveraging its net assets and trading derivative contracts which
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Federal direct loans have become one of the most popular types of student loans in the U.S. for several reasons. They offer flexible repayment options, a convenient application method, and generous terms for both eligibility and allowable expenses. Understand the Limitations of Federal Direct Loans Despite these benefits, these loans have some limitations borrowers should
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An animation shows Dream Chaser and its Shooting Star cargo module in orbit around the Earth. Sierra Nevada Corporation Sierra Nevada Corporation is best known as a private aerospace and national security contractor – but the company is investing heavily in its space systems division, especially as it sees NASA and other companies building infrastructure
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People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 5, 2020 in New York City. Angela Weiss | AFP | Getty Images Stock market bulls, rejoice.  Third quarter earnings season begins Tuesday with JPMorgan Chase.  The good news: in the second quarter, companies delivered surprisingly large earnings beats as analysts underestimated
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