Noah Solomon: Unfortunately that means more pain until utter despondency prevails There are three stages to a bear market, and we are probably in the middle one. Photo by Getty Images Howard Marks, the founder of Oaktree Capital Management LP, the world’s largest investor in distressed securities, has generated long-term annualized returns of 19 per… Continue reading Why the bear market is only getting started
BlackBerry shareholders reject executive-pay plan after stock slide
Shareholders registered a protest vote after a period of poor returns at the Canadian software company Author of the article: Bloomberg News Ana Pereira A Blackberry office tower in Irvine, California. Photo by REUTERS/Mike Blake/File Photo Shareholders of BlackBerry Ltd. voted against the board’s approach to paying executives, registering a protest vote after a period… Continue reading BlackBerry shareholders reject executive-pay plan after stock slide
‘Caught in the Sahara Desert’: Biotechs face funding drought as easy money runs dry
Early-stage drugmakers face difficult decisions as public markets turn hostile Author of the article: Financial Times Nicholas Megaw and Jamie Smyth in New York Almost 200 listed biotechs globally are trading below the value of their cash reserves. Photo by PATRICK HERTZOG/AFP via Getty Images files As Genocea Biosciences Inc. ran low on cash in… Continue reading ‘Caught in the Sahara Desert’: Biotechs face funding drought as easy money runs dry
Nearly all of Wall Street – and the U.S. Federal Reserve – botched calls for 2022
The market has quickly turned from ‘buy everything’ to ‘sell everything’ Author of the article: Bloomberg News Thyagaraju Adinarayan and Sagarika Jaisinghani The sign for Wall Street outside the New York Stock Exchange. Photo by YUKI IWAMURA/AFP via Getty Images files So far, 2022 has been a year where just about everyone on Wall Street… Continue reading Nearly all of Wall Street – and the U.S. Federal Reserve – botched calls for 2022
Stocks are roaring back this morning after $2 trillion wipeout
History suggests bear markets usually take time to find a floor Author of the article: Reuters Devik Jain and Anisha Sircar Traders work on the new floor of The Chicago Board Of Options Exchange. North American equities rebounded at the opening of trade Tuesday. Photo by Jim Vondruska/Getty Images Wall Street’s major indexes climbed on… Continue reading Stocks are roaring back this morning after $2 trillion wipeout
Bankers predict lack of IPOs, share sales to persist until inflation, market volatility cools
The S&P/TSX Composite Index down 11% so far this year Author of the article: Bloomberg News Kevin Orland The broadcast centre of the Toronto Stock Exchange. Photo by Norm Betts/Bloomberg files Two top Canadian investment bankers predict that this year’s dearth of initial public offerings and other share sales will persist until central banks show… Continue reading Bankers predict lack of IPOs, share sales to persist until inflation, market volatility cools
Rate hikes are needed to cool inflation so investors need to adjust to the times
Martin Pelletier: Now is a great time to chart your own course that filters out the rhetoric and invests as a realist The Bank of Canada in Ottawa. Photo by Justin Tang/Bloomberg files Rising interest rates have dominated headlines lately and rightly so since they can have a significant impact on our financial wellbeing, especially… Continue reading Rate hikes are needed to cool inflation so investors need to adjust to the times
Five daily affirmations to get investors through this latest bear market
Peter Hodson: A positive attitude leads to a positive outcome The market is not going to zero. It just feels like it. Photo by Timothy A. Clary/AFP via Getty Images Take a deep breath … relax … exhale … repeat. Yes, there is a bear market. It’s now official, with the S&P 500 Index down… Continue reading Five daily affirmations to get investors through this latest bear market