Category: Macroeconomics
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![Monday Recap: Schwab + TD Ameritrade, Trade Talks, and Alibaba]()
Monday Recap: Schwab + TD Ameritrade, Trade Talks, and Alibaba
Schwab buys TD Ameritrade It’s final: Schwab will buy TD Ameritrade for $26 billion to emerge as a giant with almost $5 trillion in assets. There’s no such thing as a free lunch, but at least there’s free trading. TD Ameritrade stockholders will get 1.0837 Schwab shares for each TD share, according to filings. This…
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![The emperor’s new clothes or welcome to debt-fueled consumer-driven economics]()
The emperor’s new clothes or welcome to debt-fueled consumer-driven economics
Remember Han Christian Andersen’s The Emperor’s New Clothes? It starts off about seeing something and saying nothing, but then ends with deliberate denial. It seemed as though Anderson’s satire came to life when analysts proclaimed retailers would enjoy a busy Christmas because the latest consumer sentiment index (CSI) was up. The CSI is based on…
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![Friday Recap: No Such Thing As Bad Publicity]()
Friday Recap: No Such Thing As Bad Publicity
Big Bets on Volatility Bridgewater Associates, the world’s largest hedge fund has made a bet worth more than $1 billion that markets across the globe will fall by March next year. The bet essentially comprises put option trades against the S&P 500, and the Euro Stoxx 50. One might think that is a major bet,…
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![Thursday Recap: Price Wars Make A Good Acquisition Strategy]()
Thursday Recap: Price Wars Make A Good Acquisition Strategy
Nordstrom beats earnings Shares of Nordstrom surged by over 10% during extended trading Thursday after the company reported fiscal third-quarter earnings that beat analysts’ estimates. Here are the stats: Nordstorm may have beat earnings, but is still suffering the scourage that is upon the sector as a whole. However, the firm has leaned into changing…
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![Tuesday Recap: Carl Icahn’s Big Short]()
Tuesday Recap: Carl Icahn’s Big Short
Carl Icahn’s Big Short Billionaire Carl Icahn is betting against mall owners. He thinks they will be unable to service their debt. A lot many traders have made the same bet and lost millions of dollars, but it’s not something that’s stopping Icahn anytime soon. Icahn stands to gain as much as $400 million if…
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![Monday Recap: Cracks in the Canadian Economy, Aramco IPO, Powell Meets Trump]()
Monday Recap: Cracks in the Canadian Economy, Aramco IPO, Powell Meets Trump
Aramco IPO Oil giant Aramco is gearing up for a valuation between $1.6 – $1.7 trillion for its initial public offering. While this is short of the initial $2 trillion mark the crown prince hoped for, it still boasts the world’s largest IPO offering. The firm released a statement on Sunday aiming that it had…
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![Friday Recap: Cannapocalypse™, Dow Record, and Fed Report]()
Friday Recap: Cannapocalypse™, Dow Record, and Fed Report
Aurora CEO: “We will be profitable before others” Aurora Cannabis Inc. Chairman Michael Singer made a statement today that the firm will reach profitability before “any of its peers”, however, declined to comment by when this will happen. We spoke yesterday about the bloodbath that was Canopy and Aurora earnings. The chairman saying Aurora will…
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![Thursday Recap: Return of the Cannapocalypse, Walmart, and Powell]()
Thursday Recap: Return of the Cannapocalypse, Walmart, and Powell
Cannapocalypse: Version 2 I think Canopy Growth ($CGC) and Aurora Cannabis ($ACB) should notify the makers of the Oxford English Dictionary that the word “earnings” has been redefined to mean “losses”. Both firms have been supposed “leaders” in the industry, and have let stakeholders down in the past quarter. My disappointment in these two companies…
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Tuesday Recap: Political Economy, AbbVie, and Apple
Before it’s here, it’s in your inbox. Sign up for our daily markets newsletter here. Daily updates about what’s moving the markets. Political Economy I’m certain that Donald Trump’s legacy as President will contain many things, one of which will certainly be his impact on global markets. I think this will be iconic for two distinct reasons:…
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India, Italy, Brazil, China and Spain or how sovereign debt smashed BRICS and deflated the EU dream
The financial crisis of 2007 wiped trillions off our global financial ledger. National economies reeled in the wake of banking’s biggest boo-boo since Reagan’s deregulation of the American Savings and Loan industry triggered the failure of almost two-thirds of the 3,234 savings and loans institutions in the United States from 1986 to 1995. Now, sovereign…
