Year: 2020

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Franklin Escapes Fund Purgatory With Legg Mason Purchase

February 18, 2020 admin Comments Off on Franklin Escapes Fund Purgatory With Legg Mason Purchase

(Bloomberg Opinion) — In the asset-management industry, reputation is everything. A mutual-fund manager might have a fantastic strategy, but without a steady stream of cash flowing in to set up the position, returns may come in weaker than expected. That, in turn, could lead some investors to lose confidence that the concept was ever great in the first place.That, in a nutshell, is what happened to Franklin Resources Inc. over the last several years. The company has been stuck near $700 billion in assets under management for the past 18 months, down from a peak of $921 billion in mid-2014, …read more […]

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Virgin Galactic's stock soars, fueled by retail investors

February 18, 2020 admin Comments Off on Virgin Galactic's stock soars, fueled by retail investors

Virgin Galactic Holdings Inc shares surged 24% on Tuesday, extending a rally since early December to over 400% and evoking a warning from an analyst who likes the space tourism company but warns it has become overbought. Shares of the company backed by billionaire Richard Branson have taken off in popularity among individual investors in recent sessions, nearly displacing Tesla Inc , another favorite among non-professional investors. Virgin Galactic was the third most traded stock on Fidelity’s online brokerage in recent sessions, with two thirds of clients buying shares, rather than selling. …read more […]

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Looking Back on The World in 2020

February 18, 2020 admin Comments Off on Looking Back on The World in 2020

In 1994, journalist Hamish McRae published a book predicting what the world would be like in 2020.
In today’s piece, Nicholas Vardy analyzes what McRae predicted correctly and incorrectly, such as global wealth, the internet and more.

English journalist Hamish McRae published his book The World in 2020: Power, Culture and Prosperity in the mid-1990s.
When I read it many years ago, I wondered how it would stand the test of time.
Well, 2020 has arrived – if not in the blink of an eye, still a lot quicker than I expected.
I recently went back to my bookshelf and pulled down my yellowing paperback …read more […]

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Intel Is in Talks to Sell Connectivity Unit to MaxLinear

February 18, 2020 admin Comments Off on Intel Is in Talks to Sell Connectivity Unit to MaxLinear

(Bloomberg) — Intel Corp. is in talks to sell a unit that makes chips for home internet access gear to MaxLinear Inc., according to people familiar with the matter.No final decision has been made and Intel could keep the connected home division, the people said, asking not to be named because the matter is private. It’s not clear how much the potential deal is worth.A representative for Santa Clara, California-based Intel declined to comment. MaxLinear didn’t respond to requests for comment.Intel, the world’s largest chipmaker, is looking at reducing its footprint in areas where it isn’t competitive, Chief Executive Officer …read more […]

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Berkshire Wades Into ETF Market With Two Newly Disclosed Bets

February 18, 2020 admin Comments Off on Berkshire Wades Into ETF Market With Two Newly Disclosed Bets

(Bloomberg) — Legendary investor Warren Buffett’s Berkshire Hathaway Inc. just gave its blessing to the $4.6 trillion exchange-traded fund market — at least in one of its pension plans.Berkshire added to the Vanguard S&P 500 ETF, ticker VOO, and SPDR S&P 500 ETF Trust, known as SPY, in the final quarter of 2019, according to a regulatory filing. The relatively small investments, which totaled $25 million across both funds, are Berkshire’s only publicly disclosed ETF holdings in its most recent quarterly 13F filing. The investments are in a pension plan, according to Buffett’s assistant, Debbie Bosanek.Buffett, whose Berkshire holds a …read more […]