Activist investor targeting Suncor has long track record Paul Singer, founder and president of Elliott Management Corp., during the Bloomberg Invest Summit in New York, U.S., on June 7, 2017. Photo by Misha Friedman/Bloomberg files Before targeting Calgary-based oil producer and refiner Suncor this week, billionaire Paul Singer tangled with world leaders to extract debt… Continue reading Who is Paul Singer, the man once dubbed ‘the world’s most feared investor’?
Stocks tank as Amazon endures worst day since 2007
Amazon’s stock sank 14% Author of the article: Bloomberg News Vildana Hajric and Isabelle Lee Traders work on the floor of the New York Stock Exchange. Photo by Brendan McDermid/Reuters Amazon.com Inc. shares collapsed on Friday, with a loss in market value that ranks as one of the worst in Wall Street history after it… Continue reading Stocks tank as Amazon endures worst day since 2007
Jeff Bezos loses $13 billion in hours as Amazon shares slump
If the loss persists, Bezos’s net worth will drop to around US$155 billion Author of the article: Bloomberg News Cecile Vannucci Jeff Bezos has lost US$23 billion this year through Thursday. Photo by Mandel Ngan/AFP via Getty Images Jeff Bezos saw US$13-billion of his fortune melt away after Amazon.com Inc.’s results left investors disappointed. Advertisement… Continue reading Jeff Bezos loses $13 billion in hours as Amazon shares slump
David Rosenberg: The Fed is tightening and that usually means recession, no matter what they say
The Federal Reserve has a very poor track record of raising interest rates without pushing the economy into a recession The Federal Reserve Board building on Constitution Avenue in Washington, U.S. Photo by REUTERS/Brendan McDermid/File Photo/File Photo With the Federal Reserve embarking on the fastest pace of tightening in nearly three decades there has been… Continue reading David Rosenberg: The Fed is tightening and that usually means recession, no matter what they say
Why stock market forecasters are in need of a reality check
Tom Bradley: You are doing your clients a disservice when you forecast what the stock market is going to do Publishing date: Apr 29, 2022 • 17 hours ago • 4 minute read • 5 Comments Traders work on the floor of the New York Stock Exchange. Photo by REUTERS/Brendan McDermid files This is an intervention.… Continue reading Why stock market forecasters are in need of a reality check
Stock Market Today: Stocks Close Out Worst April in Years With Another Slide | Kiplinger
Stock Market Today Negative earnings reactions for mega-caps Amazon.com and Apple weighed on broader markets today.U.S. stocks finished both the day and the month on a down note as a fresh round of earnings forecasts from companies only added to investors’ laundry list of concerns. Last night, Amazon.com (AMZN, -14.1%) said first-quarter revenue rose 7%… Continue reading Stock Market Today: Stocks Close Out Worst April in Years With Another Slide | Kiplinger
BlackRock Event Driven Equity Profits from Corporate Change | Kiplinger
mutual funds BALPX capitalizes on mergers, executive turnover and other events.Coloring outside the lines isn’t just for kids in school—adding some color to the edges of your core portfolio can brighten returns. Investors adopted that strategy in 2021, pouring a record of nearly $4 billion in new money into so-called event-driven funds, or funds that… Continue reading BlackRock Event Driven Equity Profits from Corporate Change | Kiplinger
An Urgent Need for Cybersecurity Stocks | Kiplinger
stocks Many cybersecurity stocks are still unprofitable, but what they’re selling is an absolute necessity going forward.In June 2017, Russian hackers launched a malware attack on Ukraine called NotPetya. The attack, which locked users out of their own files unless they paid a ransom in bitcoin, was just one more tactic in the conflict between… Continue reading An Urgent Need for Cybersecurity Stocks | Kiplinger
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