Gold and the related exchange traded products are off to very impressive starts this year. For example, the SPDR Gold Shares , iShares Gold Trust and ETFS Physical Swiss Gold Shares are each up about 8.7%.
Category: Business News
An ETF Strategy That Targets Consistently Managed Companies
Global X Funds, a provider of targeted exchange traded fund themes, has rolled out a strategy that specifically focuses on companies led by the original founders of their firms in an attempt to enhance returns and outperform the broader market.
Microsoft Said to Cut Purchases of HPE Servers for Cloud Service
Hewlett Packard Enterprise Co. is losing business from Microsoft Corp., one of the world’s largest users of servers, the latest sign of trouble for the pioneering computer maker as it struggles with the rise of cloud services, people familiar with the matter said.
Japan Hedge Fund Sees Trump’s Policies Boosting Topix by 15%
Toshihiro Hirao, whose Japan hedge fund posted its biggest decline ever last year, sees relief ahead as he expects President Donald Trump’s policies to boost Japanese equities by the most in three years. Hirao, 52, who runs the Asuka Japanese Equity Long Short Strategy in Tokyo, is predicting that Trump’s pro-business agenda will help strengthen the dollar, stoking a 15 percent increase in the Topix index this year.
Australia cracks down on visas for fast food industry
Australia will largely end granting visas to foreign workers to fill jobs in the fast food industry, the nation’s immigration minister has said. Since 2012, more than 500 foreign staff have been granted a visa – known as 457 – to work at businesses including McDonald’s, KFC and Hungry Jack’s.
Schumer to feds: Let Upstate NY Jewish centers trace threatening calls
NEW YORK, March 1 The U.S. Federal Communications Commission said on Wednesday it was exploring what it could do to help law enforcement track down who has made telephone threats to almost 100 Jewish Community Centers across the United States in recent months. When asked for the FCC’s reaction to Schumer’s inquiry, agency spokesman Neil Grace on Wednesday issued a statement to Newsday saying the chairman “is very concerned about the bomb threats being made to Jewish Community Centers across our country”.
U.S. Stock ETFs Rally with Dow Breaking 21,000
U.S. equities and stock exchange traded funds climbed Wednesday, with the Dow Jones Industrial Average topping 21,000 for the first time ever, as investors grew more optimistic on the economic outlook, following announcements from President Donald Trump and Federal Reserve officials.
An Inspired ETF Strategy to Align Investments with Biblical Values
Christians who want to align their investments with biblical values can now look to two new Inspire Investing exchange traded funds to track global companies that provide a positive impact on the world through various environmental, social and governance principles.
Manitowoc CEO: Trumpa s Infrastructure Plan Will Help Rehire Our Workers
Manitowoc Company CEO & president Barry Pennypacker on Trump's $1 trillion infrastructure plan, and how a border tax would impact his company. “Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our very, very beautiful land,” Trump said in his first address to a joint session of Congress on Tuesday.
New Jersey Home Sales Surged in January
Home sales in New Jersey surged in January, continuing a trend of strengthening sales as the employment picture continues to improve. Sales of new and existing homes in January increased 14% compared with the same month in 2016, and rose 31% from 2015, according a market report by Jeffrey Otteau, president of the Otteau Group, an appraisal and consulting firm.
Dow 21K: Should investors buy in?
Mar. 01, 2017 – 3:44 – Tim Courtney from Exencial Wealth Advisors, CFRA chief investment strategist Sam Stovall and Art Hogan from Wunderlich Securities discuss when investors should get in on the market as the Dow surpasses 21K.
Bank deputy Charlotte Hogg ‘must avoid conflicts of interest’
Charlotte Hogg, a newly appointed Bank of England deputy governor, must take steps to avoid conflicts of interest, say MPs. On Tuesday MPs on the Treasury select committee questioned her about her brother, who works for Barclays as a director in group strategy.
Is Donald Trump Finally Dressing Like a President?
They say the suit makes the man. In President Donald Trump’s case, it may be the suit that makes the president.
Snap Raises $3.4 Billion, Pricing Shares in IPO Above Range
The company sold 200 million shares for $17 each, according to a statement Wednesday. The price gives the company a market value of about $20 billion, based on the 1.16 billion shares outstanding after the offering.
Wells Fargo Warns Review May Find More Bogus-Account Victims
Wells Fargo & Co., seeking to resolve a bogus-account scandal that shook the company last year, warned investors it may find more victims. Separately, it said U.S. authorities are examining whether other firms abused its technology to violate international sanctions.
How alleged ISIS videos are creating a headache for WordPress
A group that monitors extremist activity on Wednesday called for the parent company of WordPress.com to shut down Web sites the group says are used by ISIS and al-Qaeda affiliates to publicize “vile” and violent acts, including videos of beheadings and other atrocities. The Counter Extremism Project, a non-partisan research and advocacy group based in New York, said U.S.-based tech companies have been providing crucial infrastructure for the propaganda of anti-American militant groups, often unwittingly.
SEC Advisory Committee to Question Snap’s Transparency
An investor committee that advises the U.S. Securities and Exchange Commission will examine if the Snap Inc.’s decision to deny shareholders voting rights will reduce Snap’s public revelations regarding executive pay and governance affairs, the head of the committee told Reuters Wednesday evening. The review is expected sometime next week.
Overnight Tech: FCC votes in favor of stay on data security |…
FCC VOTES TO HALT INTERNET PRIVACY RULE: The Federal Communications Commission on Wednesday voted 2-1 along party lines to prevent a new internet privacy rule from taking effect. The provision was part of a larger set of broadband privacy rules passed by the FCC in October under the Obama administration and set to go into effect on Thursday.
FCC halts Internet privacy rule that imposes data security requirements on broadband providers
The Federal Communications Commission on Wednesday voted to halt an Internet privacy rule that would have imposed data security requirements on broadband providers. The move, by a 2-1 vote, came after the agency’s new Republican chairman, Ajit Pai, indicated last week that he opposed the provision and broader privacy rules because they imposed tougher restrictions on high-speed Internet providers than on websites and social networks.
An Eco-Chic Solution For Women Who Love Shoes, But Hate Conspicuous Consumption
It’s a common problem. Spring arrives and you decide to modestly spruce up your sandal collection.
FCC puts data security protections on hold – CNET
As expected the Federal Communications Commission on Wednesday voted 2-1 along party lines to stop a new data security rule from taking effect. It was part of a bigger set of privacy regulation, approved by the FCC in October , that’s supposed to protect consumers’ sensitive personal information online.
Dalio Jolts Bridgewater as Rubinstein Exits After 10 Months
Ray Dalio shook up management at his Bridgewater Associates for the second time within a year in a sign that the billionaire is grappling with succession planning at the world’s largest hedge fund. Dalio said he will step down as interim co-chief executive officer next month and will remain co-chief investment officer.
New photos reveal what really happened backstage during the…
In the latest chapter of the Oscars best-picture fiasco known as #Envelopegate, Variety published a story on Wednesday that breaks down in photos and a timeline how PricewaterhouseCoopers accountant Brian Cullinan mixed up the envelopes that led to presenters Warren Beatty and Faye Dunaway going onstage and announcing the wrong winner for best picture. One of those photos, above, shows Cullinan holding two envelopes nearby Beatty backstage, as Beatty was preparing to present best picture.
DARPA has been using ambulances to search for nukes in D.C.
The Pentagon’s research-and-development shop announced on Wednesday the conclusion of its biggest and longest-running test deployment of its Sigma program. The test run had been running for seven months and finished in February.
Micron Stock Rising on Goldman Upgrade
Shares of Micron Technology are higher by 4.42% to $24.48 on Wednesday afternoon, after the chip-maker was upgraded to “buy” from “neutral” at Goldman Sachs . The firm upgraded the stock as it sees a “tactical opportunity” in the name, CNBC.com reports.
Leaked Snapchat Emails Show Pressuring of Anti-Gun Group
Snapchat told an anti-gun group that it would run NRA ads if they didn’t buy ads with the social media company.
3 Reasons Why Marijuana’s Momentum Is Stronger than Ever
The North American Marijuana Index nearly tripled in the months leading up to Election Day. Many articles came out at the time touting everything from risky over-the-counter stocks to multibillion dollar pharmaceutical companies researching marijuana-based medicines to drive profits .
How to Trade Wednesday’s Most Active Stocks – Bank of America, Best Buy, Lowe’s and More
Put down the 10-K filings and the stock screeners. It’s time to take a break from the traditional methods of generating investment ideas.
We May Not Have Seen This in 30 Years, but That Doesn’t Make This 1987
Lately there have been many comparisons of the market to that of 1987, so I thought it might be instructive to go back and look at that time period. To begin with, let’s talk about 1986.
5 Stocks Insiders Love Right Now: GNC, AXP, AVP, ASPS, SM
Insiders at GNC Holdings, American Express and three other companies have been scooping up shares of their own stock lately. Corporate insiders sell their own companies’ stock for a number of reasons.
Can Abercrombie & Fitch Fashion a Turnaround?
Abercrombie & Fitch needs to stop skidding. In the last 52-week period, shares of the teen retailer are down a staggering 60%.
10 Crazy Facts About The Warldorf-Astoria
The Waldorf Astoria, with its iconic gilded towers framing Park Avenue, is closing its doors today. Hilton Worldwide sold the illustrious hotel to China’s Anbang Insurance Group to the tune of $1.95 billion in 2014, and now it’s finally time to say goodbye to the historic landmark as we know it.
In Bid To Spur Growth of VR Market, Oculus Drops Price of Rift By $200
The consumer VR industry is currently in a bit of a chicken-and-egg loop, with most hardware makers seeing modest sales, in part because there’s not enough great VR content available-which of course is due to the fact that many developers are wary of building content for platforms that aren’t yet fully mainstream. Still, the market for VR hardware is expected to hit $3.6 billion this year, and $37.7 billion for hardware and software by 2020 .
Foursquare Wants To Supercharge Your Favorite Apps With Contextual Location Smarts
For such a well-informed companion, your smartphone is remarkably good at playing dumb. Sure, it can quickly clue you in on world events with anxiety-inducing headlines and notify you of new social media followers, but these types of insights don’t even begin to tap into your phone’s extensive knowledge.
Twitter users can finally filter out ‘egg’ accounts from their…
It’s finally possible to filter out accounts with the default “egg” profile picture, so that they don’t appear in your notifications. It’s finally possible to filter out accounts with the default “egg” profile picture, so that they don’t appear in your notifications.
50-year-old North Dakota power plant closes
The Minnesota-based company said in July it would shutter the plant rather than move forward with expensive upgrades. Last week, the plant’s control panel and power was disconnected from the power grid for the final time, the Bismarck Tribune reported.
Chuck Schumer Seeks FCC Waiver To Unscramble, Trace Origin Of Bomb Threats To Jewish Centers
After a disturbing rash of anti-Semitic acts, which includes Jewish cemeteries being vandalized and bomb threats called in to Jewish community centers, Senate Minority Leader Chuck Schumer asked the Federal Communications Commission for a waiver that would allow authorities to unscramble anonymous phone numbers that are being used to call in threats. Schumer’s letter specifically referred to a series of bomb threats that were made on Feb. 27 to 11 JCCs, several of them in or near New York.
YouTube looks to cash in on streaming with new service | FCC wona t…
Good afternoon, MarketWatch readers. Thanks for showing interest in the latest edition of the Swerve newsletter.
U.S. Firms Say Job Market Tight, Generally Upbeat on Economy: Fed
The U.S. economy expanded at a modest-to-moderate pace from early January through mid-February, the Federal Reserve said on Wednesday, although firms were less optimistic amid some uncertainty about the Trump administration’s fiscal policies. “Businesses were generally optimistic about the near-term outlook but to a somewhat lesser degree than in the prior report,” the U.S. central bank said in its Beige Book survey on the economy, which was collated from anecdotal evidence provided by business contacts across the country.
Daily Dividend Report: BBY, ROST, TMK, KRC, MO, DVN
Best Buy today announced that its Board of Directors approved a plan to return excess capital to shareholders as follows. A 21% increase in the regular quarterly dividend to $0.34 per share, effective immediately.