Australian lender Westpac Banking Corp said on Thursday it would let investors withdraw their share purchase applications filed prior to the money laundering allegations made by financial crime watchdog AUSTRAC on Nov. 20.
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […] …read more […]
Nufarm Limited (ASX:NUF), which is in the chemicals business, and is based in Australia, saw a double-digit share… …read more […]
Elon Musk posted that the new order number for the Cybertruck is 250,000. However, what Musk is calling ‘orders’ are actually fully-refundable pre-order deposits of $100. …read more […]
PacWest Bancorp (Nasdaq: PACW) is a small California bank with 76 branches.
The stock pays a $0.60 per share quarterly dividend, which comes out to a whopping 6.4% yield. That’s strong for a bank that isn’t considered particularly speculative.
This is an interesting situation because at face value, the dividend looks perilous.
The company cut the dividend in 2009 and 2010. SafetyNet Pro penalizes stocks with dividend cuts in the past 10 years.
Net interest income (NII), the measure that we use to analyze a bank’s ability to pay a dividend, rose for the past few years, but this year and next year NII …read more […]
Wall Street’s main indexes closed at record levels for a third straight day in a muted volume session on Wednesday ahead of the Thanksgiving holiday, as fresh data pointed to an economy on solid footing, while investors remained cautiously optimistic about a resolution to U.S.-China trade tensions.
A former LVMH executive is weighing in on the automotive industry — and singled out Tesla for its ‘disastrous’ cybertruck. …read more […]
(Bloomberg) — Private equity funds are picking through the rubble of India’s crisis-stricken shadow banking sector, even as other investors balk.The funds have invested about $2 billion this year in the country’s non-bank financing sector, which is worth some $40 billion. While that’s not enough to staunch the 16-month long cash crunch following the collapse of IL&FS Group, it is 50% higher than the average over the last four years and comes after a strong 2018, according to data from research firm Venture Intelligence.Investing in India’s shadow banks involves some serious risks. Slowing economic growth could drag more financiers into …read more […]
Rosneft has begun delivering crude oil shipments from its massive Russkoye oil field in the Arctic just a few short days before the OPEC meeting …read more […]
Tiffany & Co. (TIF) said yes. The luxury jeweler is gearing up to be bought by LVMH (MC.PA) after the luxury retailer proposed with a $16.2 billion deal. …read more […]
Oil eased on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week, while gasoline stocks surged and production hit another record.
The U.S. dollar rose and a gauge of global equities pushed closer to an all-time high on Wednesday after a batch of U.S. economic data brightened the economic outlook and investors remained bullish on the prospect of a U.S.-China trade accord.
(Bloomberg) — The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record.Around noon in New York, 5,000 lots for a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in June 2021 changed hands. The bets were sold at $3.50 an ounce.“It’s like 18-month term life insurance; what will the world look like if gold is at $4,000,” Tai Wong, the head of metals derivatives trading at BMO Capital Markets, said in an email. “They are hoping for …read more […]
Boeing faces a new hurdle after the FAA announced it will independently review hundreds of the new 737 Max planes. Yahoo Finance’s Jared Blikre joins Akiko Fujita to discuss on The Ticker. …read more […]
Shares of Dell are sinking after the tech company slashed its full year revenue guidance, citing a shortage of chips from Intel have hurt its growth prospects. Yahoo Finance’s Dan Howley joins Akiko Fujita to discuss on The Ticker. …read more […]
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