Netflix shares tumbled 35% yesterday, making it the worst performer in the S&P 500 this year Author of the article: Bloomberg News Scott Deveau and Christopher Palmeri Bill Ackman became one of Netflix’s 20 largest holders this year, buying after the stock had already begun to dip over concerns about its subscriber base. Photo by… Continue reading Bill Ackman dumps Netflix after losing more than $430 million
U.S. pension giant to vote to replace Warren Buffett as Berkshire chair
Fund has over US$450 billion in assets under management and about US$2.3 billion in Berkshire shares Author of the article: Bloomberg News Patrick Winters Warren Buffett, CEO of Berkshire Hathaway Inc. Photo by REUTERS/Rick Wilking/File Photo California Public Employees’ Retirement System, the largest public pension fund in the U.S., said it plans to vote for… Continue reading U.S. pension giant to vote to replace Warren Buffett as Berkshire chair
David Rosenberg: Declining equity risk premium turning TINA argument around
Upward pressure on government bond yields has drastically reduced the validity of the ‘there is no alternative’ argument A trader works on the floor of the New York Stock Exchange. Photo by Michael Nagle/Bloomberg files By David Rosenberg and Brendan Livingstone Advertisement 2 This advertisement has not loaded yet, but your article continues below. A… Continue reading David Rosenberg: Declining equity risk premium turning TINA argument around
Global investors flee China fearing that risks eclipse rewards
But, divesting from China may not be a straightforward choice Author of the article: Bloomberg News Sofia Horta e Costa and Tania Chen A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes at the Lujiazui financial district in Shanghai, China. Photo by REUTERS/Aly Song//File Photo A growing list… Continue reading Global investors flee China fearing that risks eclipse rewards
Netflix loses 200,000 customers in its first decline in a decade
Netflix shares, already down more than 40% this year, tumbled as much as 24% to US$265.11 in after-hours trading Author of the article: Bloomberg News Lucas Shaw Netflix projects it will lose another two million customers in the current second quarter, setting up its worst year ever as a public company. Photo by REUTERS/Dado Ruvic/File… Continue reading Netflix loses 200,000 customers in its first decline in a decade
How Molson Coors is finding its way back as a ‘beverage’ company
A funny thing happened on the way down the drain Beer sales fell worldwide during the early days of the pandemic, replaced by wine, spirits and trendy coolers, seltzers and cannabidiol (CBD) concoctions. Photo by Molson It’s said that people turn to chocolate and wine in uncertain times. A guilty, often inexpensive pleasure to take… Continue reading How Molson Coors is finding its way back as a ‘beverage’ company
‘Good news for the TSX’: Commodity stocks oust financials as Canadian market heavyweights
Energy and materials companies now constitute about 31.07 per cent of the S&P/TSX Composite Index, surpassing Canada’s banks, insurers and asset managers Author of the article: Bloomberg News Stefanie Marotta Pedestrians pass in front of the Toronto Stock Exchange in the financial district of Toronto. Photo by Cole Burston/Bloomberg Canada’s resources sectors have overtaken financials… Continue reading ‘Good news for the TSX’: Commodity stocks oust financials as Canadian market heavyweights
When a beer company is no longer just a beer company
Call it diversification within a single category Molson beer, left, and Coors Light beer. Photo by Steven Senne/The Associated Press files It’s said that people turn to chocolate and wine in uncertain times. A guilty, often inexpensive pleasure to take the edge off. Of course, it doesn’t have to be wine. It could be beer… Continue reading When a beer company is no longer just a beer company
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