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Economic Outlook

"What They Did Was Unacceptable": Saudis To Dump Canadian Assets "No Matter The Cost"

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Posted by ZeroHedge

on Wednesday, 08 August 2018 11:00

saudis

The FT reports that the Saudi central bank and state pension funds have instructed their overseas asset managers to dispose of their Canadian equities, bonds and cash holdings “no matter the cost.”

Third-party managers are estimated to be mandated to invest more than $100bn of Saudi funds in global markets, executives say. While the proportion of that figure invested in Canadian holdings would be “fairly small in absolute terms,” the asset sale sent a strong message, one of the people said.... CLICK for complete article



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Economic Outlook

Wall Street Weighs In On Apple's Q3 Earnings Beat: Buybacks, Services, iPhone Demand In Focus

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Posted by Wayne Duggan

on Wednesday, 01 August 2018 11:25

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Apple Inc. shares were up more than 5 percent after the company released a much better-than-feared fiscal third-quarter earnings report. The stock was trading around $200 per share in mid-day trading Wednesday.... CLICK for complete article



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And Then There Were None

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Posted by Chris Puplava

on Tuesday, 31 July 2018 11:44

raisedsteaks

By simply looking at the returns of the S&P 500 in the first half of 2018, one could be forgiven for thinking returns were decent and that markets were uneventful. by the close of the books in June, the S&P 500 managed a price gain of 1.7% or 2.6% including dividends.

However, what's amazing about this is that much of the gains this year both in the S&P 500 and the Nasdaq are due to just three stocks.... CLICK for the complete article



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Google Joins The Race to $1 Trillion

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Posted by Matthew Lynley

on Tuesday, 24 July 2018 11:20

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Google was already worth more than $800 billion and, while well short of Apple, is now jumping into that batch of companies that are on their way to being a $1 trillion company.

Alphabet, Google’s parent company, substantially outperformed market expectations in its second quarter by bringing in $32.66 billion. That’s a 26 percent increase year-over-year... CLICK for the complete article



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Public Shareholders Got High Today on Tilray, The First Marijuana Company to IPO on Nasdaq

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Posted by Connie Loizos

on Friday, 20 July 2018 12:17

ganj

Tilray, a five-year-old, British Columbia-based medical cannabis company that sells its products to patients, researchers, pharmacies and even governments, saw its shares get high (sorry) on the Nasdaq today, after the company priced 9 million shares at $17 apiece and watched them soar, closing at $22.39, a jump of slightly more than 32 percent.... CLICK for the complete article



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This “Trade War is a Different Ballgame”

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Posted by Wolf Richter

on Tuesday, 17 July 2018 11:08

tradewar2

So-called “trade wars” are neither new nor uncommon for the US and its trade “partners.” The US automotive industry has seen its share, all of which the US has lost so far.... CLICK for the complete article



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The FANG's Q2: A Sell-Side Preview

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Posted by Shanthi Rexaline

on Monday, 16 July 2018 11:53

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The large-cap tech powerhouses Facebook, Amazon.com, Netflix, and Alphabet Inc (Google) — collectively "FANG" — are getting a second look from the sell-side ahead of their second-quarter reports.... CLICK for the complete article 



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