New York-based satellite radio broadcaster Sirius XM Holdings’ (Nasdaq: SIRI) US$3.5bn purchase of streaming music firm Pandora Media (NYSE: P) has dented the perception of the company’s merger-related earnings prospects. SIRI said the deal, conducted as an all-stock transaction, is expected
September 26, 2018
The Federal Reserve did what it was widely to do. The fed funds target range was lifted 25 bp to 2.00-2.25%. Three-quarters of Fed officials anticipate a hike in December. The market had discounted around an 80% chance. The Fed
Stocks sell-off after the Fed rate hike and change in language in their statement. The Fed dropped the phrase that its policy remains “accommodative.” Video Length: 00:10:30
The CEO of Ford says Trump’s tariffs on metals cost the company $1 billion. Who won? According to Ford’s CEO, Trump’s Tariffs on Metals Costs Ford $1 Billion. “From Ford’s perspective the metals tariffs took about $1 billion in profit from
ETFs with solid momentum are currently focused on tech, health care and small-cap. Only 18 of 2051 ETFs passed our momentum screening filter rules. We further subjectively evaluated quantitative and qualitative data for the 18 and selected medical equipment ETF
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through August. “Travel on all roads and streets changed by +0.3% (+0.8 billion vehicle miles) for July 2018 as compared with July 2017. Travel
My biggest concern with this market over the past three months has been the lack of breadth in this market. And today it is hitting new lows. While the S&P 500 and Dow Jones Industrial Average continues to hit new
Sometimes you look at a double-digit yield and get excited. Other times, you’re full of dread. Today’s column is about the latter. MFA Financial (NYSE: MFA) pays a $0.20 per share quarterly dividend, giving the stock a robust 10.5% yield. That’s not
While most global stocks topped at the beginning of 2018, some markets recovered… and some did not. For instance, the major U.S. stock market indexes have fought back to make new highs, while Emerging Markets and Developed markets outside the U.S.
On December 8, 1940, Winston Churchill wrote to Franklin Roosevelt. The situation was indeed grim, France having fallen to the Germans and the United Kingdom pushed right off Continental Europe. Defeats in the Pacific were some of the worst in
