Abu Dhabi’s Mubadala Development Co. is considering committing $10 billion to $15 billion to partner with SoftBank Group Corp. and Saudi Arabia’s Public Investment Fund in a new vehicle to invest in global technology, according to people familiar with the matter.
Category: Investment Services
Vanguard’s $305 Billion Take From Investors in 2016 Sets Record
Vanguard Group, the world’s largest mutual fund manager, said it attracted a record $305 billion last year — an annual total that some firms need decades to reach. Vanguard’s take, which tops the firm’s previous record of $276.4 billion in 2015, includes $93 billion that went into exchange-traded funds, up from $76 billion the year before, spokesman John Woerth wrote in an e-mail.
Brokers for Long-Term Investors: Interactive Brokers vs. Charles Schwab
When you’re ready to start investing, you’ll need to open a brokerage account to place your orders. Many investors now use online discount brokers for self-directed accounts to make trades quickly, conveniently, and inexpensively.Today we’ll look at two of the largest brokers out there, Interactive Brokers and Charles Schwab , to see how they compare on factors that are important to investors.
Credit Suisse Moves to Block Jefferies Bid to Hire Bankers
Credit Suisse Group AG is seeking to thwart an attempt by Jefferies Group LLC to lure away a group of senior bankers. Five of eight Credit Suisse bankers who had been in talks to join Jefferies have instead agreed to stay on, according to a spokeswoman for the Swiss lender.
Apple to Invest $1 Billion in SoftBank Fund to Support Tech
Apple Inc. is planning to invest $1 billion in SoftBank Group Corp.’s giant new technology fund, adding its name to a growing list of interested parties and giving the iPhone maker a new avenue to tap up-and-coming technologies. Qualcomm Inc. also said it will participate in the fund, but the terms and the amount of its investment are still under discussion.
The Simple Reason I Won’t Buy Tesla Motors Stock
Tesla CEO Elon Musk. Image source: OnInnovation via Flickr. Copyright 2010 The Henry Ford.
TradeKing vs. TradeStation: A Complete Brokerage Comparison
When you want to start investing, you’ll find a number of brokerages that would be happy to have you as a customer. But selecting the best brokerage out of the pile isn’t easy to do, especially given the many ways in which they can differ from one another.
Deals Lawyer Said to Be a Contender to Lead SEC Under Trump
President-elect Donald Trump is considering nominating Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, potentially positioning a top lawyer to banks and hedge funds to lead Wall Street’s main regulator, said a person with knowledge of the matter. Clayton, who met with Trump last month, has represented Goldman Sachs Group Inc. and investment firms ranging from Och-Ziff Capital Management Group LLC to Oaktree Capital Group LLC, according to Sullivan & Cromwell’s website.
Why NVIDIA Corporation Stock Popped 15.8% in December
For perspective, NVIDIA stock also skyrocketed nearly 30% in November, with the bulk of the month’s gains coming after the company’s third-quarter results crushed the expectations of analysts on Wall Street. NVIDIA founder and CEO Jen-Hsun Huang rightly called it a “breakout quarter,” with record revenue, margins, and earnings.More specifically, quarterly revenue grew 54% year over year, to $2.00 billion, including broad growth across gaming, , data center , and automotive .
Better Buy: Berkshire Hathaway vs. GE
However, Berkshire has soared 22% in 2016, and thus, is naturally less attractive than it was at this time last year. With that in mind, let’s take a look at Berkshire as compared to another stock I have my eye on right now, General Electric Aside from having Warren Buffett, the greatest long-term investor of all time, at the helm, there are plenty of good reasons to like Berkshire over the long run, no matter who is at the CEO’s desk.
A New York Times editorial: Sprint and Trump’s fictional jobs
President-elect Donald Trump would like everybody to believe that his election is energizing the economy by forcing businesses to create thousands of jobs in the United States. And companies like Sprint seem perfectly happy to go along with this fiction because they know they can profit handsomely by cozying up to Trump.
New York Times: Corporations Help Themselves by Playing Along With Trump
American companies are playing along with President-elect Donald Trump’s claims that he is forcing businesses to create jobs in the U.S. in order to benefit themselves, The New York Times editorial board claims . In a Monday editorial, the board wrote, “President-elect Trump would like everybody to believe that his election is energizing the economy by forcing businesses to create thousands of jobs in the United States.
Einhorn’s Greenlight Recoups 9.4% in 2016 as Stocks Rally
Greenlight Capital, the hedge fund led by David Einhorn, rose 1.6 percent in December, riding a year-end rally in U.S. stocks. The performance rounds out a gain of 9.4 percent in 2016 for the firm’s main hedge fund, which mostly makes wagers on stocks, according to an e-mail viewed by Bloomberg.
Nomura to Deepen Cost Cuts as CEO Seeks to Keep Ship Afloat
The code name chosen for Nomura Holdings Inc.’s latest cost-cutting drive indicates how strongly its chief executive sees the need for savings at Japan’s largest brokerage. After slashing hundreds of overseas jobs since April, CEO Koji Nagai has unveiled his so-called “Waterline Project,” which will attempt to combat waste and improve the cost-effectiveness of the bank’s daily operations over the next three years.
Nomura to Deepen Cost Cuts as CEO Seeks to Keep – Warship’ Afloat
The code name chosen for Nomura Holdings Inc.’s latest cost-cutting drive indicates how strongly its chief executive sees the need for savings at Japan’s largest brokerage. After slashing hundreds of overseas jobs since April, CEO Koji Nagai has unveiled his so-called “Waterline Project,” which will attempt to combat waste and improve the cost-effectiveness of the bank’s daily operations over the next three years.
Nomura’s Nagai to Deepen Cost Cuts in Project Dubbed – Waterline’
Nomura Holdings Inc., the Japanese brokerage that has cut hundreds of jobs overseas since April, is now embarking on a companywide review of spending in order to reduce operating costs further over the next three years. Under the plan, called the “Waterline Project,” Nomura will evaluate the cost-effectiveness of employees’ daily activities and of the bank’s operations to determine how much money can be saved by 2020, Chief Executive Officer Koji Nagai said in an interview in Tokyo.
Trump Seeks Credit for 5,000 Sprint Jobs Already Touted
U.S. President-elect Donald Trump sought credit for Sprint Inc.’s commitment to create or bring back 5,000 jobs that the carrier says are part of broader U.S. hiring plans previously announced by Japan-based parent SoftBank Group Corp. Trump said SoftBank Chairman Masayoshi Son was among those behind the move to add workers. The Japanese billionaire, who Trump calls “Masa,” said earlier this month that he intends to invest $50 billion in the U.S. using a previously announced technology fund, creating 50,000 jobs.
Could Apple Supplier Foxconn Be Signalling U.S. Expansion Plans With LCD Move?
Foxconn takes a controlling stake in Sakai Display, which could signify the company’s LCD TV intentions as Trump boasts of SoftBank job creation. Terry Gou, the founder of A pple supplier Foxconn , could be moving closer to defining his U.S. expansion strategy with a tighter grip on a key LCD maker just as friendly rival Masayoshi Son’s $50 billion American investment pledge begins to take shape.
Stock Face-Off: Verizon Communications Inc. vs. Sprint Corp.
In an industry where economies of scale play a deciding role, this is a massive business advantage for Big Red. The company can strike billion-dollar deals without breaking a sweat, take large business risks without betting the farm, and negotiate from a position of cash-backed strength.
Trump touts thousands of new jobs in deal with SoftBank CEO
President-elect Donald Trump says wireless carrier Sprint Corp will bring 5,000 jobs back to the United States. President-elect Donald Trump announced Wednesday that he has reached a deal with SoftBank chief executive Masayoshi Son that would generate thousands of jobs in the United States, the latest in a string of unusually direct negotiations between Trump and corporate America.
You’ll Be Surprised at the Size of Berkshire Hathaway’s War Chest
No publicly traded U.S. company has a larger cash hoard. Not Apple , nor Google parent Alphabet — no one.
Discount Brokers: A Comparison of E*TRADE and TradeStation for Long-Term Investors
To make your first investment, you’ll need to open a brokerage account . Picking the best discount broker isn’t easy, but we think the decision can be simplified by focusing on the most important factors.
Why 2017 Is the Year to Invest in IoT Stocks
Investors have likely heard a lot about the Internet of Things . The term refers to the connection of formerly unconnected things to the Internet, so that they can collect data or automate processes.
A Goldman You’ve Never Heard of Is Pursuing a Hong Kong IPO
Goldman is planning an initial public offering in Hong Kong–but it’s not the Goldman you’ve heard of. Goldman Faith Holdings Ltd., a local engineering subcontractor which adopted its current name less than a month ago, lodged an application to list on the main board of the Hong Kong stock exchange, according to a Dec. 19 filing.
E*TRADE vs. Charles Schwab: A Brokerage Account Comparison for Long-Term Investors
Sometimes, it seems as if there are as many brokers as there are investments you can buy with a brokerage account. But rather than be dazed by the differences between them, we think that keeping a focus on a few of the differences can help you see how a broker can work for your portfolio.
Jefferies Profit Quadruples as Fixed Income, Equities Climb
Jefferies Group, the investment bank whose trading results often foreshadow performance at bigger Wall Street firms, said fourth-quarter profit quadrupled as revenue from trading stocks and bonds more than doubled. Net income jumped to $87.1 million in the three months ended Nov. 30, the New York-based company said Tuesday in a statement.
Watch Out for China Growth, European Elections and Reflation in 2017, Says Goldman Sachs
The investment bank lays out some of its key macro themes; providing reasons to be generally optimistic unless you are British. China’s economic growth and European elections will be potential flash points for global markets in 2017, while the negative effects of Brexit will become evermore apparent and investors should get used to hearing the term reflation, according to Goldman Sachs.
SoftBank Inks First Deal After Trump Talk Spurs 3,000 Jobs
SoftBank Group Corp. Chief Executive Officer Masayoshi Son told President-elect Donald Trump this month he would create 50,000 jobs in the U.S. Money for the first 3,000 positions was announced on Monday. Satellite startup OneWeb Ltd. said it raised $1.2 billion from SoftBank and existing investors, with the Japanese technology company providing $1 billion.
Softbank invests $1bn in space satellite startup OneWeb
Softbank founder Masayoshi Son said it was the “first step” in a pledge made to US President-elect Donald Trump about US investment. Earlier this month Mr Son met Mr Trump and said he would put $50bn into US businesses and create 50,000 jobs over the next four years, Florida-based OneWeb, which is a direct rival to Elon Musk’s SpaceX, is now estimated to be worth around $2.5bn following its latest funding round.
Warren Buffett’s Berkshire Hathaway (BRK.A) Gains Ahead of Dow Chemical Stock Conversion
The chemical giant plans to convert Berkshire Hathaway’s 3 million shares of preferred stock into common stock by year’s end. Shares of Warren Buffett’s Berkshire Hathaway were up .44% to $247,500 in Monday morning trading as the market reacted to Dow Chemical’s Friday announcement that it will convert the conglomerate’s preferred stock stake in the company into common stock by the end of the year.
In Potentially Risky Strategy, U.S. Startups Are Piling on Debt
His New York-based startup doubled annual revenue this year and is on track to break even in 2017. Valued at about $200 million in April, the marketing automation company counts Bain Capital and Goldman Sachs among its backers-a source of validation in the eyes of many venture investors.
Online Trading Account Comparison: Merrill Edge vs. Charles Schwab
It wasn’t all that long ago that orders had to be placed by phone, and each buy and sell carried a very steep commission. Today, online trading accounts from modern brokerages offer more bells and whistles — research, international stocks, and more — at a fraction of the cost.
Vanguard vs. Interactive Brokers: Comparing Top Discount Brokers
Making your first investment is as easy as it has ever been, but you’ll need to open a brokerage account to buy stocks, funds, and other investment products. Vanguard and Interactive Brokers are two commonly used online discount brokers that bring Wall Street right to your computer or mobile device.
Goldman Sees Oil Lower for Longer After Getting a Bump From Cuts
Oil prices boosted by global output reductions will be capped because of new supply before long, according to Goldman Sachs Group Inc. The cuts by OPEC members and nations outside the group, as well as strong demand growth, will probably help curb inventories by next summer, analysts including Damien Courvalin said in a note dated Dec. 16. While the bank raised its oil-price forecasts for the second quarter of 2017, it decreased its crude estimates for 2018 on concern that new production will enter the market. Brent crude, the benchmark for more than half of the world’s oil, has surged since the Organization of Petroleum Exporting Countries agreed Nov. 30 to trim output for the first time in eight years.
Oil Rises as Output Cuts Seen Curbing Glut, Dollar Rally Stalled
Oil rose for the first time in three days after the dollar’s advance stalled and attention shifted back to projected production cuts. Futures rose 2 percent in New York.