The government’s target to rapidly increase the number of apprentices risks being “poor value for money”, says the Institute for Fiscal Studies. The think tank warns that it could devalue the “brand” of apprenticeships by turning it into “just another term for training”.
Month: January 2017
Ex-MSD Capital Analyst Convicted of Insider-Trading Charges
A New York federal jury took less than three hours to convict a former MSD Capital LP analyst who made $1.5 million by trading on confidential information about Apollo Global Management LLC’s takeover last year of ADT Security Services. John Afriyie, 29, was found guilty of securities fraud and wire fraud and faces having to give up $2.6 million from his brokerage and bank accounts.
Deutsche Bank Ends N.Y. Mirror-Trade Probe for $425 Million
Deutsche Bank AG has taken the first step to resolve allegations that it helped wealthy Russians launder billions of dollars, reaching a deal with New York’s Department of Financial Services that requires it to pay a $425 million penalty, the regulator said. The New York settlement, approved by the bank on Monday, resolves allegations that Deutsche Bank employees used a “mirror-trading scheme” to help wealthy Russians move $10 billion out of that country from 2011 through 2014.
Trump Pledges – Big Number’ on Dodd-Frank in Anti-Rule Push
President Donald Trump stepped up his criticism of financial regulations, pledging to go after the 2010 Dodd-Frank banking overhaul because he said the law has made it difficult for businesses to get loans. “We’re going to be doing a big number on Dodd-Frank,” Trump said Monday at an event with small business leaders at the White House.
Cramer: Watch These Sector Trends Amid the Political Turmoil
Here we are, in the middle of earnings season, and we can now make some judgments about what’s working and what’s not away from the hubbub of Washington. Oh, and let’s make something clear, the shouting from the Capitol isn’t the sole driver of stocks at this point.
Rates on US Treasury bills rise at weekly auction
Interest rates on short-term Treasury bills rose in Monday’s auction, with rates on six-month bills climbing to their highest level in four weeks. The Treasury Department auctioned $34 billion in three-month bills at a discount rate of 0.515 percent, up from 0.505 percent last week.
U.S. Airlines Tumble Amid Fear Trump Travel Ban Will Spread
U.S. airlines tumbled the most in three months as concerns mounted that President Donald Trump’s ban on travel from seven predominantly Muslim nations will lead to more restrictions on flights. Investors are fearful that the U.S. curbs will expand or be answered with retaliation by other nations, said Joe DeNardi, an analyst at Stifel Financial Corp. Trump already has signed an order to pull the U.S. out of the Trans-Pacific Partnership trade accord and said he wants to restructure a 23-year-old pact between the U.S., Mexico and Canada.
Canada CEOs Urge Trudeau to Take Rejected U.S. Tech Workers
Canada’s technology community is urging Prime Minister Justin Trudeau to snap up industry workers caught in U.S. President Donald Trump’s border crackdown, saying embracing diversity drives innovation and the economy. Amid chaos in U.S. airports after Trump signed an executive order barring citizens from seven mainly Muslim nations, dozens of Canada’s tech chief executive officers signed a letter asking Canada to offer immediate entry visas to those hit by the order.
Oil Falls a Second Day as U.S. Drilling Expands While OPEC Cuts
Oil fell a second day after drilling in the U.S. rose to the highest in more than a year, countering OPEC’s efforts to clear a supply glut. Futures decreased 1 percent in New York.
Wall Street Retreats as Immigration Ban Upends Trump Rally
The Trump rally takes a blow on Monday as chaos and confusion surrounding the White House immigration ban sends global equities spiraling. The Trump rally took a blow on Monday as chaos and confusion surrounding the White House immigration ban sent global equities spiraling.
Apple’s iPhone Sales Will Dominate Earnings But You Should Pay Attention to Other Key Areas
The December quarter is always a big one for the iPhone. But this time, it’s also very important for the Mac, the Apple Watch and other businesses.
Social Media Goes Nuts As They Stumble Over Dunkin’ Donuts First Ever Bottled Coffees
At long last you can now find Dunkin’ Donuts in a bottle while walking down a supermarket aisle. And that has some on social media pretty jazzed up.
Voce’s Plants Eyes Stockholder Value, Director Battle At Air Methods
Activist investor Dan Plants of Voce Capital Management LLC on Monday issued a letter to the board of Air Methods Corp. taking issue with the company’s share price and suggesting that he is “prepared” to nominate dissident director candidates soon at the emergency medical air transportation company, in what is the activist’s latest escalation in a multi-year insurgency. Specifically, Plants argued in a letter to Air Methods board that the company continues to destroy stockholder value, is deeply undervalued, has an over-tenured board and has some “serious operational issues.”
Voce’s Plants Eyes Stockholder Value, Director Battle At Air Methods
Activist investor Dan Plants of Voce Capital Management LLC on Monday issued a letter to the board of Air Methods Corp. taking issue with the company’s share price and suggesting that he is “prepared” to nominate dissident director candidates soon at the emergency medical air transportation company, in what is the activist’s latest escalation in a multi-year insurgency. Specifically, Plants argued in a letter to Air Methods board that the company continues to destroy stockholder value, is deeply undervalued, has an over-tenured board and has some “serious operational issues.”
Related Article: Jim Cramer: Angst Out of Washington Produces Selling
Jim Cramer says Monday’s triple-digit decline in the market is due to investors taking a step back and reassessing. TheStreet’s Jim Cramer says Monday’s triple-digit decline in the market is due to investors taking a step back and reassessing President Trump’s latest comments.
Paychex Payroll Services Are a Likely Constant Even in Chaotic Times
This steady performer has a strong business in the small- to medium-sized company segment, which accounts for over half the jobs in the U.S. One of the most common words being used to describe the new administration in Washington is “chaos.” When there’s chaos in public policy, including border walls and immigration bans, chaos in the financial markets will often follow.
Paychex Payroll Services Are a Likely Constant Even in Chaotic Times
This steady performer has a strong business in the small- to medium-sized company segment, which accounts for over half the jobs in the U.S. One of the most common words being used to describe the new administration in Washington is “chaos.” When there’s chaos in public policy, including border walls and immigration bans, chaos in the financial markets will often follow.
This Down Day Is on Trump
It was inevitable that Donald Trump would eventually provide a convenient excuse for a market selloff. The firestorm over travel restrictions from seven countries would have political ramifications no matter what, but it impacted the market mainly because of the poor manner in which it was handled.
This Down Day Is on Trump
It was inevitable that Donald Trump would eventually provide a convenient excuse for a market selloff. The firestorm over travel restrictions from seven countries would have political ramifications no matter what, but it impacted the market mainly because of the poor manner in which it was handled.
Can American Airlines Stop Losing Altitude?
There is also a small downside gap left from today’s price action. Prices made their low early in the day and are quietly creeping higher.
Why Rite Aid Corporation Stock Plunged Today
Walgreens Boots Alliance will also be required to divest up to 1,200 Rite Aid stores, as well as other certain additional related assets if required to obtain regulatory approval for the transaction. The final acquisition price will depend on the number of required store divestitures — $7.00 per share if 1,000 or fewer are required, $6.50 per share if 1,200 are required, and a pro-rata adjustment if the number falls between 1,000 and 1,200.
TD Ameritrade Surveys Show Advisorsa Love for ETFs
A large number of registered investment advisors, or RIAs, have adopted exchange traded funds in their clients’ portfolios, citing numerous benefits that the investment vehicle have over traditional open-end mutual funds.
Shares of Shipping Stocks Move Big Today on Industry Consolidation, Analyst Downgrades
Shares of Frontline are up less than a percent on the news. Also, shares of container-ship vessel owner Costamare are down 9.8% after last week’s earnings resulted in an analyst downgrade.
Shares of Shipping Stocks Move Big Today on Industry Consolidation, Analyst Downgrades
Shares of Frontline are up less than a percent on the news. Also, shares of container-ship vessel owner Costamare are down 9.8% after last week’s earnings resulted in an analyst downgrade.
Portfolio Diversification in an Age of Heightened Uncertainty
Investors are smart: They believe markets don’t throw-up vagaries, but rather brutal concreteness. And they expect their investments to fall-in line.
Portfolio Diversification in an Age of Heightened Uncertainty
Investors are smart: They believe markets don’t throw-up vagaries, but rather brutal concreteness. And they expect their investments to fall-in line.
Oil Futures Extend Losses To a Second Straight Session
Oil futures fell on Monday for a second straight session. Traders continued to show concern that growth in U.S. crude production could potentially offset efforts by other major producers to rebalance global supply and demand.
Intel Corporation’s Capital Returns Strategy
Put simply, Intel has guided for significantly higher capital expenditures for the year, something that’s likely going to reduce the free cash flow that the chipmaker will generate during the year. During the company’s most recent earnings call, new Intel CFO Robert Swan described the chipmaker’s capital returns strategy in a reasonable amount of detail.
How Women Took Center Stage in the Rise of Sportswear
And as women play a greater role in this movement, major industry players have tweaked their marketing to appeal directly to this segment. 10 stocks we like better than Nike When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
General Electric Company Disappoints Again — What It Means to Investors
As you can see in the chart below, it’s not enough of a formula to convince investors, and the stock price has notably underperformed the S&P 500 and its peers. What’s going on, and is it reason to panic? It’s useful to look at a timeline showing how organic revenue growth guidance changed throughout the year.
8 Must-See Facts Highlight Alphabet Inc.’s 2016
CFO during the company’s fourth-quarter earnings call. And it would be tough to argue with him.
‘Can you hear me’ – scam or not?
Late this month, January 2017, news outlets across the United States have reported on a “can you hear me?” telephone scam. According to reports, the scam begins with an unsolicited phone call to potential victims.
Trump Signs Executive Order to Slash Regulations
President Donald Trump signed an order on Monday that will seek to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced. “This will be the biggest such act that our country has ever seen.
Will ConocoPhillips Raise Its Dividend in 2017?
Early last year, ConocoPhillips slashed its dividend, doing an about-face after having reassured investors that it remained committed to sustaining its payout. Now that crude oil has rebounded, some hope that ConocoPhillips will be able to return to its upward trajectory with its quarterly dividends.
This Could Be January’s Best Stock
Depending on how you measure it, the stock market has generated returns in the neighborhood of 8% to 10% per annum over the long term. So when a stock returns a whopping 25% in a mere few weeks, something truly noteworthy is going on.
Should You Buy Line Corp. (ADR) Below Its IPO Price?
Its revenue rose 15% annually to 37.5 billion yen , but that missed the consensus estimate of 38.7 billion yen. Line’s operating profit more than doubled to 1.6 billion yen On the bright side, Line posted a full-year net profit of 7.56 billion yen for fiscal 2016, which was a major improvement over its loss of 7.58 billion yen in 2015.
Pending Home Sales Rise More Than Expected
Contracts to buy previously owned U.S. homes rebounded in December following a drop a month earlier, the National Association of Realtors said on Monday. The NAR said it pending home sales index, based on contracts signed last month, rose 1.6 percent to 109.0. Analysts polled by Reuters had forecast a 1.0 percent increase in December.
Can Royal Caribbean Stock Keep Going After Last Week’s 11% Pop?
The stock would go on to hit a new 52-week high on Thursday. Royal Caribbean’s growth may not seem so great at first glance.
Better Buy: Inovio Pharmaceuticals vs. Incyte Corp.
Over the same period, shares of Incyte Corp. have risen a healthy 49.6% on the back of several intriguing developments. Both companies have catalysts to look forward to.
Altria: 5 Fascinating Facts You Ought to Know
In overcoming legal threats, regulatory hurdles, and a general trend away from smoking, Altria has nevertheless managed to keep its key figures on its income statement moving higher. The five facts discussed below are particularly interesting for those who haven’t followed the tobacco company closely.