Month: August 2020

Feeling crowded in the pandemic, more Americans are purchasing pop-up home offices. …read more […]

Lockheed Martin Corporation (NYSE:LMT) is about to trade ex-dividend in the next 4 days. Investors can purchase shares… …read more […]

(Bloomberg) — China says it has made concessions in proposing to let U.S. regulators to audit some of its most sensitive companies and is calling for direct talks to solve a years-long dispute that threatens global markets.In an interview in Beijing on Wednesday, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said China is “sincere” in wanting to solve the standoff over the accounting issues.U.S. officials have recently stepped up a push to gain access to audit working papers for Chinese companies that trade in the U.S., threatening rules that would trigger delisting shares such as those of …read more […]

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The race is on.
I made a big announcement yesterday. We’re hosting the Super Trader Rally on September 2.
It’s the culmination of our mission to lead folks to wealth through simple, common-sense research.
We’ve got the system we think can do it. We plan to tell you all about it – and how we discovered it – at the big event.
The system performed beautifully during our three phases of testing.
In all, we issued 15 long recommendations and 14 of them were winners – an amazing 93% win rate. Better yet, we saw average peak gains of 138%… in just 26 days.
Now you …read more […]

We have a moral issue with gambling. After all, one of our core beliefs is that wealth leads to Liberty. Therefore gambling leads to slavery.
It’s a dangerous game.
We don’t partake.
Even so, we’re fascinated by the numbers behind it all. They’ve certainly guided our investment philosophy and made us a winning trader.
In fact, we’ve learned a lot from Edward Thorp – the math genius and professional gambler who turned the odds on Vegas and then revolutionized Wall Street.
He’s our kind of man – a thinker.
Even though he spent years in the blackjack game, Thorp would argue he’s not a gambler. He’s …read more […]

Top news and what to watch in the markets on Wednesday, August 26, 2020. …read more […]

TORONTO, Aug. 26, 2020 /CNW/ – Royal Bank of Canada (TSX: RY) (NYSE: RY) announced today that its board of directors has declared a quarterly common share dividend of $1. …read more […]

All amounts are in Canadian dollars and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our Q3 2020 Report to Shareholders and Supplementary Financial Information are available at: http://www. …read more […]

U.S. asset manager Vanguard Group said on Wednesday it will close its operations in Hong Kong and Japan and exit Hong Kong exchange-traded funds, citing unsupportive “industry dynamics”. The fund giant, with about $5 trillion in assets, said in a statement that its Hong Kong business primarily served institutional clients and not retail investors, which are its primary focus. Vanguard, which launched a wholly foreign-owned enterprise (WFOE) in China in May 2017, said it will “gradually cease (its) onshore presence in Hong Kong and make an orderly exit” from its Hong Kong ETF, Mandatory Provident Fund and Index-Tracking Investment Schemes …read more […]

What exactly does Ant do, and why is it so valuable? …read more […]

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Chinese electric vehicle maker Xpeng could raise as much as $1.275 billion from its U.S. initial public offering (IPO) after flagging that its shares would be priced at $15, two sources with direct knowledge of the matter said. The price will be formally set on Wednesday in the United States but the indicative $15 is higher than the guidance of $11 to $13 the company gave when the transaction launched last week. Xpeng declined to comment on the pricing of its deal. …read more […]

(Bloomberg) — Teva Pharmaceutical Industries Ltd. was charged by the U.S. with conspiring with competitors to raise prices for generic drugs, the most significant case to come out of a yearslong investigation of price-fixing by pharmaceutical companies.Teva’s U.S. unit was indicted on charges of participating in three conspiracies to fix prices and allocate customers from May 2013 to December 2015, the Justice Department said Tuesday.Teva, the world’s largest generic-drug maker by market value, is the most high-profile company to be charged in the Justice Department’s probe into allegations that companies conspired with one another to prop up the prices of …read more […]

(Bloomberg) — Oil held at a five-month high as Hurricane Laura bore down on key refining facilities on the U.S. Gulf Coast and an industry report added to optimism that American energy demand is recovering.Futures in New York were steady after jumping 1.7% on Tuesday. The storm is expected to make landfall late Wednesday or early Thursday along the Texas-Louisiana coast as a Category 3 hurricane, according to the National Hurricane Center. More than 84% of oil output in the Gulf of Mexico has now shut, while almost 3 million barrels a day of refining capacity has been closed.See also: …read more […]