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Trading Ideas

Sonder Puts Hilton and Marriott in Its Sights as It Moves Into Hotel Business

Hospitality company Sonder has ambitions to become the next-generation Hilton or Marriott as part of its plan to radically redefine the industry. The San Francisco-headquartered firm has raised a total of $360 million in funding and has been putting the money to use growing in cities across the world. Speaking at Skift Short-Term Rental Summit, […] …read more […]

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Business News

Saudi Aramco prices shares at top of range in world’s biggest IPO: sources

DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, three sources told Reuters, raising $25.6 billion and overtaking China’s Alibaba to achieve the world’s biggest stock market flotation.

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Trading Ideas

TD, CIBC Earnings Misses Cap Hard Quarter for Canadian Banks

(Bloomberg) — Earnings disappointments at Toronto-Dominion Bank and Canadian Imperial Bank of Commerce capped a tough quarter for Canada’s six largest lenders, with the industry sideswiped by rising provisions for soured loans and slumping capital markets.Both Toronto-Dominion and CIBC reported fiscal fourth quarter results that missed analysts’ estimates Thursday, after setting aside more money for loan losses and posting declining profits in capital markets and Canadian banking. Toronto-Dominion also was affected by a C$154 million ($117 million) restructuring charge, with the majority covering severance packages, echoing measures taken by Bank of Montreal earlier in the week that marked the industry’s …read more […]

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Trading Ideas

3 Under-The-Radar Dividend Stocks with over 9% Dividend Yield

Reading the news about the stock markets, it pays to remember that the giant corporations – the Apples and the Microsofts, the Walmarts and the Home Depots – have a habit of taking up all the available oxygen in the room. That is, they hog the headlines, and can obscure a view of the larger picture.That larger picture, examined with an eye for the unusual, can reveal some excellent stock deals. There are plenty of bargain deals in the equity markets, and they offer plenty of reasons for investors to look twice. We’ve used the TipRanks Stock Screener tool to …read more […]