For entrepreneurs, it's not always easy to know if and when they should sell their company. But it's "one of the biggest questions you can be posed as an entrepreneur," Twitter co-founder Ev Williams recently wrote on Medium.
Oslo (AFP) - Norway's state pension fund, the world's biggest sovereign wealth fund, will have to sell its stakes in companies with a significant exposure to the global coal sector, a parliamentary committee said.
MOST of the news out of the American economy has been relatively good, of late, at least by comparison to the news we were getting over the summer. Consumer confidence is up. Third quarter GDP rose by more than originally estimated. There are even hints that the labour market may be close to a recovery speed sufficient to actually bring down the unemployment rate. Things are far from rosy, but they're rosier than they've looked in some time.
With stocks soaring, now that the "Brainard" risk factor has been fully unwound after the Fed governor's surprisingly dovish speech which has essentially killed any probability of a September rate hike and unleashing today's ""Violent Rally In Risk" Today" as predicted earlier, one would expect that there is only smooth sailing not only until the September 21 FOMC meeting, leaving only the post-election December 13-14 Fed meeting potentially in play.
Bidding Wars StopWith cash-paying investors on full retreat, existing home sales dropped 1.8% in August, according to the National Association of Realtors. Lawrence Yun, NAR chief economist says that's a good thing because "first-time buyers have a better chance of purchasing a home now that bidding wars are receding and supply constraints have significantly eased in many parts of the country.”
ByRichard Cox:When we look at the currency markets, one of the biggest stories of the year has been the massive reversal in the Euro versus the Dollar (the EUR/USD forex pair). At its heights, the EUR/USD came within a few ticks of the closely watched 1.40 mark, only to stall and begin falling shortly after. Moves like this are not altogether surprising, as the forex markets are often directed by buy or sell orders that are placed within close proximity to big round numbers.
It has been a while since Creditex ran a CDS settlement auction of any note for two reasons: CDS no longer is a credible or legitimate method to hedge against default risk (see Greece, Banco Espirito Santo), thus making the stated purpose of CDS irrelevant, and when the default carries with it systematic risk ISDA will simply screw over CDS-holders and change terms whenever it sees fit following a few politically-connected phone calls, at which point good luck collecting on your "insurance." Which is why the just concluded Argentina CDS settlement auction following its bankruptcy last month
Ford Motor Company (F) has now been upgraded by three sell-side analysts in the last four months. The mean target price has slowly crept up in the last 90 days, from $18.37 to $20.4. Earnings per share (EPS) estimate for the fourth quarter of FY14 has inched up as well, from 28 cents at the start of the year to 37 cents as of today. Interestingly, earnings estimate for the third quarter has fallen from 36 cents to 31 cents, pointing to the fact that analysts expect the improved outlook to materialize further down the year.