Forbes - Markets
Has The Biotech Stock Bubble Popped?
The NYSE Biotechnology Index is sitting just above an important trendline that is worth watching closely.
Wednesday, September 30, 2015
Keep Your Eyes On This Junk Bond Chart
Forbes - Markets
Keep Your Eyes On This Junk Bond Chart
A further deterioration of the junk bond market is a very serious risk for the global financial markets.
Is the U.S. Stock Market Overvalued Or Undervalued?
Forbes - Markets
Is the U.S. Stock Market Overvalued Or Undervalued?
The stock market has been trending lower since late July. According to Warren Buffett's favorite stock market valuation indicator, stocks were about 28% overvalued at that time. Are U.S. stocks currently undervalued or overvalued? In this article, we'll reveal this, plus discuss the historical valuation of U.S. stocks from 1971 to September 2015.
Oil Futures Travel Sideways After An Uneventful Quarter
Forbes - Markets
Oil Futures Travel Sideways After An Uneventful Quarter
As the third quarter of the current oil trading year comes to a close, both Brent and WTI futures have averaged even worse than the first quarter. For better parts of largely three uneventful months we have seen both benchmarks routinely shed a couple of dollars only recover lost ground within a session or two – a drill that’s become commonplace since mid-August.
Rio Tinto Maintains Thrust On Non-Core Asset Divestments As A Response To Weak Commodity Prices
Forbes - Markets
Rio Tinto Maintains Thrust On Non-Core Asset Divestments As A Response To Weak Commodity Prices
This latest stake sale is a part of the company’s efforts to sell off non-core assets in order to shore up its balance sheet during a period of low commodity prices. All the major commodities sold by Rio Tinto, particularly iron ore, which constitutes the cornerstone of the company’s business, are currently characterized by weak pricing environments. Given the prevailing weakness in pricing, these non-core asset sales will help Rio Tinto boost cash flows and manage its debt, affording it greater flexibility to operate during a low point in the commodity cycle.
Apple Negativity Starts Early And Takeovers Galore
Forbes - Markets
Apple Negativity Starts Early And Takeovers Galore
Apple negativity and tech takeovers pick up steam.
Volkswagen: Could The Cost Of The Dieselgate Scandal Be Lower Than Expected?
Forbes Real Time
Volkswagen: Could The Cost Of The Dieselgate Scandal Be Lower Than Expected?
Falsifying emissions data has gotten the German group under the scrutiny of the U.S. Environmental Protection Agency and prosecutors from other countries as well, and has hurt the perception of customers, who thought they were driving a cleaner car up till now. This scandal could cost Volkswagen dearly in the near term due to fines and lawsuits, and in the longer term due to the loss of sales. However, there is a flip side to this. Depending on how the German group goes about controlling the damage, the total cost of the dieselgate scandal, might come down considerably.
Tesla Launches Long-Awaited Model X SUV: Slick, Safe, Fast
Forbes Real Time
Tesla Launches Long-Awaited Model X SUV: Slick, Safe, Fast
CEO Elon Musk introduces the Model X at the company's Fremont, Calif. plant. Tesla Motors launched its Model X SUV on Tuesday night, demonstrating both pizzazz and practicality. "It's important to show that any type of car can go electric," CEO Elon Musk said at the start of the presentation Tuesday night in [...]
Tuesday, September 29, 2015
'Dragon Quest Heroes' Builds Up For A Boisterous Western Release
Forbes Real Time
'Dragon Quest Heroes' Builds Up For A Boisterous Western Release
With the Western release of Dragon Quest Heroes on the way this October, we now have a new trailer that gives a nice overview of the characters and the game itself. It’s also heartily narrated by King Doric from the game and gives a nice boisterous sense to the proceedings.
Why China's Stock Market May Be Setting Up For Another Big Move
Forbes - Markets
Why China's Stock Market May Be Setting Up For Another Big Move
Important consolidation patterns are forming that provide insight into the next big move.
App Review: The Simpsons Tapped Out
Forbes Real Time
App Review: The Simpsons Tapped Out
The Simpsons: Tapped Out is one of the most successful mobile games of all time, a cash generator for Electronic Arts and a riot to play --especially for fans of The Simpsons.
Gaming The Investing Angles Of Virtual Reality
Forbes - Markets
Gaming The Investing Angles Of Virtual Reality
In the tech world, it’s all about finding that next big thing that will drive growth and shape an industry for years to come. If you ask Google or Apple, they’d probably say the next big thing is driverless electric car technology. Behind the scenes, the firms are pouring significant resources into this project and, reportedly, it’s starting to bear fruit. Together, these moves signal the experimental phase of this project is perhaps winding down and these companies actually envision driverless automobiles as the new way forward. The Wall Street Journal says Apple will soon invest billions and ramp up hiring in hopes to deliver an Apple branded electric car by the end of this decade.
US Crude Oil Exports: Same Suit, different fabric?
Forbes - Markets
US Crude Oil Exports: Same Suit, different fabric?
Momentum to change the export policy on US crude oil is growing in Washington, DC. The House Energy and Commerce Committee recently voted to end the four-decade ban on most oil exports. In the Senate, we see a potential bipartisan coalition forming around the notion of relaxing, to some degree, the current policy. A few commentators even forecast the ban will be lifted in its entirety by spring 2016, but that seems like a pipe dream given the Obama Administration's stated opposition to Republican-drafted legislation in the House.
Why India Slashed Rates Today
Forbes - Markets
Why India Slashed Rates Today
Today India surprised the markets by cutting interest rates by 50 basis points - the fourth cut of the year, bringing the benchmark repo rate down to 6.75%.
Has The Qatar Investment Authority Really Lost $12 Billion?
Forbes - Markets
Has The Qatar Investment Authority Really Lost $12 Billion?
This morning, the Financial Times splashed with an article saying that the Qatar sovereign wealth fund, the Qatar Investment Authority, had suffered a $12 billion paper loss in the third quarter of 2015. It's a big claim. But is it right?
Thumbtack Becomes Latest Unicorn, Raises $125 Million At $1.25 Billion Valuation
Forbes Real Time
Thumbtack Becomes Latest Unicorn, Raises $125 Million At $1.25 Billion Valuation
Thumbtack, a San Francisco-based local services startup, has raised $225 million over the last year.
Monday, September 28, 2015
Dubai: The Perfect Gateway To A Post Sanctions Iran
Forbes - Markets
Dubai: The Perfect Gateway To A Post Sanctions Iran
There is a certain air of inevitability about Iran’s return to the international fold in wake of the nuclear settlement between Tehran and the US led P5+1 group of international powers. Unless belligerence in Iranian circles derails things, of which there has been little sign so far, international sanctions will be lifted over the next 12 months in gradual phases contingent upon the Islamic republic’s cooperation in toning down its nuclear program.
Stocks Pummeled: Dow Dives 300 Points, S&P Down 2.5%
Forbes - Markets
Stocks Pummeled: Dow Dives 300 Points, S&P Down 2.5%
Stocks were hammered on Monday as Wall Street began the week in a sea of red. The S&P 500 ended 49 points, or 2.5%, lower while the Dow slipped 312 points (1.9%) and the Nasdaq fell 142 points (3%).
Daily Dividend Report: CBRL, AET, MRVL, MORN, LNN
Forbes - Markets
Daily Dividend Report: CBRL, AET, MRVL, MORN, LNN
Cracker Barrel Old Country Store (CBRL) has declared a regular quarterly dividend to common shareholders of $1.10 per share, payable on November 5, 2015, to shareholders of record on October 16, 2015.
Higher Yields Come At A Steep Price In Many Cases
Forbes - Markets
Higher Yields Come At A Steep Price In Many Cases
With the Fed’s decision to keep rates low for the time being, investors remain lost as to where to find a safe and steady source of yield.
Why North Carolina Lawmakers Should Not Settle For Certificate Of Need Reform
Forbes Real Time
Why North Carolina Lawmakers Should Not Settle For Certificate Of Need Reform
As I write and you read, legislators have allegedly made final closed-door agreements on Certificate of Need (CON) reform -- a law in which statists protect established health care facilities and hospitals from competition. According to Dr. Bob Graboyes of the Mercatus Center, CON fits well with his "fortress vs. frontier" [...]
Gaming Voice Actors Get A Rough Deal But Developers Have It Far Worse
Forbes Real Time
Gaming Voice Actors Get A Rough Deal But Developers Have It Far Worse
While I sympathize with the recent requests of the gaming voice acting community in regards to the work they do, the reality is that game developers get a far poorer deal by comparison.
Sunday, September 27, 2015
China And India's Most Popular Ridesharing Apps Didi Kuaidi And Ola Unite Against Uber
Forbes Real Time
China And India's Most Popular Ridesharing Apps Didi Kuaidi And Ola Unite Against Uber
It is a formidable alliance involving the leading cab hailing apps from two of the world’s largest ridesharing markets. China’s most popular cab app Didi Kuaidi said on Monday that it had invested an undisclosed sum in its Indian counterpart, Ola. The investment will help the two to [...]
Michel Platini's Explanation Of $2M Payment From FIFA Should Leave Us All Incredulous
Forbes Real Time
Michel Platini's Explanation Of $2M Payment From FIFA Should Leave Us All Incredulous
Platini has to either convince everyone that he was (a) naively patient for nine years as he awaited payment or (b) an innocent “victim” duped into accepting nearly $2M!
How Running A Startup Taught Me More Than School Ever Could
Forbes Real Time
How Running A Startup Taught Me More Than School Ever Could
There's no reason why you can't work on a startup and stay in school. Why drop out when you can do both?
A Challenging Geometry Game For Your Mobile Device
Forbes Real Time
A Challenging Geometry Game For Your Mobile Device
Fans of Blokus and Katamino will enjoy the geometry puzzles in Good Fences.
All That Glitters Is Not Gold
Forbes - Markets
All That Glitters Is Not Gold
Between 2008 and 2011, with the U.S. in the throes of recession, gold prices doubled. Today, gold pricing is down considerably, as the U.S. economy strengthens. Why is this important? Well, like any other type of investment, we need to look at the past to understand where we are presently. So, is gold a good investment?
All That Glitters Is Not Gold
Forbes Real Time
All That Glitters Is Not Gold
Between 2008 and 2011, with the U.S. in the throes of recession, gold prices doubled. Today, gold pricing is down considerably, as the U.S. economy strengthens. Why is this important? Well, like any other type of investment, we need to look at the past to understand where we are presently. So, is gold a good investment?
Syria: Who's Responsible And What's Next?
Forbes Real Time
Syria: Who's Responsible And What's Next?
The US, the West and even Russia cannot dodge their share of responsibility for the civil war in Syria. But by pulling together they might find détente and an end to the madness. The meeting between Obama and Putin could be an important step.
Saturday, September 26, 2015
Weekend Anime: Knights Of Sidonia
Forbes Real Time
Weekend Anime: Knights Of Sidonia
There are certain aspects of mecha anime that have become somewhat of a staple. The trick is to make these staples seem fresh and interesting. In that sense, the challenge then falls on the writer to concoct something new out of what has already passed. Knights of Sidonia is an excellent example of what happens when somebody gets it very right.
Doctor Who Recap: 'The Witch's Familiar': Season 9, Episode 2
Forbes Real Time
Doctor Who Recap: 'The Witch's Familiar': Season 9, Episode 2
On Climate Change, Obama, Xi, And The Pope Had One Message -- And Volkswagen Had Another
Forbes Real Time
On Climate Change, Obama, Xi, And The Pope Had One Message -- And Volkswagen Had Another
As the UN General Assembly was getting under the way in New York City this weekend, the world’s three most powerful leaders had a shared message: world climate is a global issue that must be addressed by all countries before it is too late. On the other hand, one weekend earlier [...]
Here's Why Our Markets Collapsed On Friday
Forbes - Markets
Here's Why Our Markets Collapsed On Friday
Markets have to much to juggle at the moment
Why Thermapen Is The Essential $99 Kitchen Gadget
Forbes Real Time
Why Thermapen Is The Essential $99 Kitchen Gadget
The Thermapen is the only thermometer you'll ever need for cooking, baking or grilling.
The Week Ahead: Will European Stocks Bottom First?
Forbes - Markets
The Week Ahead: Will European Stocks Bottom First?
The extensive speech Thursday by Fed Chair Janet Yellen calmed the global markets early Friday as the European markets opened strong as did the US markets. Some positive earnings after Thursday's close also were a plus as it had been a rough weak for the stock market.
The surprise resignation of John Boehner early Friday morning did raise the level uncertainty as we head into this week's debt deadline. In early September's column " The Week Ahead: Time To Join The Bear Market Camp?" I commented on the further deterioration in the market's technical outlook but concluded that it was too early for me to join the bear market camp.
The German Dax index peaked on April 10th after leading the S&P 500 higher all year. In contrast the S&P 500 made its closing high on May 21st. The Dax made a new closing low on Thursday September 24th and so far the S&P 500 has not closed below the August 26th low of 1867.
The Week Ahead: Will European Stocks Bottom First?
Forbes Real Time
The Week Ahead: Will European Stocks Bottom First?
The extensive speech Thursday by Fed Chair Janet Yellen calmed the global markets early Friday as the European markets opened strong as did the US markets. Some positive earnings after Thursday's close also were a plus as it had been a rough weak for the stock market.
The surprise resignation of John Boehner early Friday morning did raise the level uncertainty as we head into this week's debt deadline. In early September's column " The Week Ahead: Time To Join The Bear Market Camp?" I commented on the further deterioration in the market's technical outlook but concluded that it was too early for me to join the bear market camp.
The German Dax index peaked on April 10th after leading the S&P 500 higher all year. In contrast the S&P 500 made its closing high on May 21st. The Dax made a new closing low on Thursday September 24th and so far the S&P 500 has not closed below the August 26th low of 1867.
We Need To Stop Chasing The Last Big Thing And Start Preparing For the Next One
Forbes Real Time
We Need To Stop Chasing The Last Big Thing And Start Preparing For the Next One
Nobody knows what the future will bring or what specific skills we will need to thrive. We need to build skills that will help us to adapt.
After Uber's Move, Will Oakland Become A Tech Hub?
Forbes Real Time
After Uber's Move, Will Oakland Become A Tech Hub?
Uber's move may establish Oakland as a tech destination, compared to boring Palo Alto and over-priced San Francisco.
Friday, September 25, 2015
The Science Of Why Cities Are Warmer Than Rural Areas
Forbes Real Time
The Science Of Why Cities Are Warmer Than Rural Areas
If you watch the evening news, you may have noticed that cities are often warmer than the surrounding rural or suburban landscapes. For the first time in human history, more people live in cities than rural environments and this trend is likely to increase. Atlanta thermal image at night showing the [...]
Canadian Pension Fund Says It Was Cheated By Boaz Weinstein's Saba Capital
Forbes - Markets
Canadian Pension Fund Says It Was Cheated By Boaz Weinstein's Saba Capital
The Public Sector Pension Investment board, a pension fund for the Royal Canadian Mounted Police is accusing Boaz Weinstein's Saba Capital of incorrectly marking assets as it sought to redeem a $500 million investment in the hedge fund earlier this year.
Biotech's Rocky Week Ends With Another Battering, And It's Not Just Hillary's Fault
Forbes - Markets
Biotech's Rocky Week Ends With Another Battering, And It's Not Just Hillary's Fault
Prices plunge to cap a brutal week for biotech bulls.
Noteworthy Friday Option Activity: CHK, ABC, MNST
Forbes - Markets
Noteworthy Friday Option Activity: CHK, ABC, MNST
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Chesapeake Energy Corp. (NYSE: CHK), where a total of 162,416 contracts have traded so far, representing approximately 16.2 million underlying shares. That amounts to about 89.3% of CHK's average daily trading volume over the past month of 18.2 million shares. Especially high volume was seen for the $4 strike put option expiring January 15, 2016, with 74,082 contracts trading so far today, representing approximately 7.4 million underlying shares of CHK. Below is a chart showing CHK's trailing twelve month trading history, with the $4 strike highlighted in orange:
First Week of Alexion Pharmaceuticals May 2016 Options Trading
Forbes - Markets
First Week of Alexion Pharmaceuticals May 2016 Options Trading
Investors in Alexion Pharmaceuticals Inc. (NASD: ALXN) saw new options begin trading this week, for the May 2016 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ALXN options chain for the new May 2016 contracts and identified one put and one call contract of particular interest.
Three College Loan Hacks You Need To Know Now
Forbes - Markets
Three College Loan Hacks You Need To Know Now
The federal government does a lousy job of telling you about college loan repayment options. Here's what you need to know.
3-D Printing in Jewelry Markets Will Reach $11 Billion by 2020
Forbes Real Time
3-D Printing in Jewelry Markets Will Reach $11 Billion by 2020
The jewelry and watch industry had total revenue of almost $300 Billion in 2014. Jewelry is the primary industry studied in a recent 3-D printing report from SmarTech Markets Publishing entitled Opportunities for 3D Printing in Precious Metals. Ithas modeled the value of rings, necklaces, timepiece components, and other common consumer [...]
Thursday, September 24, 2015
Nine Ways To Win, No Runaway Favorite As South Korea Casino Contest Enters Home Stretch
Forbes Real Time
Nine Ways To Win, No Runaway Favorite As South Korea Casino Contest Enters Home Stretch
South Korea offers nine casino sites for two licenses with bidding open to all.
Proper Perspective Can Help Avoid Unnecessary Stock-Market Losses
Forbes - Markets
Proper Perspective Can Help Avoid Unnecessary Stock-Market Losses
In 2015, stock prices have moved lower while risk has risen. When investing in stocks, it's important to allow sufficient time to generate the return you desire. Equipped with the proper perspective, you should be less likely to push the eject button when prices fall. How much time is enough? To help answer this question, we'll look at a few periods when stocks behaved badly.
The 10 Biggest Frauds In Recent U.S. History
Forbes - Markets
The 10 Biggest Frauds In Recent U.S. History
Daily Dividend Report: ACN, LMT, CW, CVBF, IDCC, SCS, WOR
Forbes - Markets
Daily Dividend Report: ACN, LMT, CW, CVBF, IDCC, SCS, WOR
Accenture has declared a semi-annual cash dividend of $1.10 per share on Accenture Class A ordinary shares for shareholders of record at the close of business on Oct. 16, 2015, and Accenture Holdings will declare a semi-annual cash dividend of $1.10 per share on Accenture Holdings ordinary shares for shareholders of record at the close of business on Oct. 13, 2015. Both dividends are payable on Nov. 13, 2015. This represents an increase of $0.08 per share, or 8 percent, over the company's previous semi-annual dividend, declared in March.
Trade Volumes Rise In August For E*Trade After A Slow Q2
Forbes - Markets
Trade Volumes Rise In August For E*Trade After A Slow Q2
Brokerage firm E*Trade Financial Corporation reported a surge in trade volumes in August after witnessing a sustained period of low trading activity on its platforms through the first half of the year. E*Trade’s daily average revenue trades (DARTs) stood at nearly 180,000 through August, which was about 23% higher than prior year levels. A similar hike in trade volumes was reported by competing brokerage firms including Charles Schwab and TD Ameritrade. Below we take a look at some key metrics for August and our full year forecasts for E*Trade.
HEFA, HEEM: Big ETF Outflows
Forbes - Markets
HEFA, HEEM: Big ETF Outflows
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Currency Hedged MSCI EAFE ETF (HEFA), where 8,700,000 units were destroyed, or a 7.7% decrease week over week. Among the largest underlying components of HEFA, in morning trading today iShares MSCI EAFE Index (EFA) is down about 1.3%.
Car Wars -- Part I: Lessons For The Auto Industry From The Ascent of The Smartphone
Forbes Real Time
Car Wars -- Part I: Lessons For The Auto Industry From The Ascent of The Smartphone
The Mission E can reach 60 Miles per hour in 3.5 seconds, its battery charges to 80% of its capacity in 15 minutes (Tesla takes 30 minutes to charge half its battery) and has a range of around 310 miles compared to Tesla's 270 miles. But here's the thing - there is no certainty about whether this car will ever go on sale. Porsche has stated in the past that it plans to sell electric cars by at the latest 2020, but by that time Tesla will have been in the market for 8 years already. The kind of optimization pressures 8 years in the market put on your product are far more efficiency enhancing than 5 years spent in testing. The things you learn when the rubber meets the road are far more useful than simply making the theoretically perfect product in a locked room.
OracleVoice: 4 Strategic Issues To Address Before Embarking On A Big Data Journey
Forbes Real Time
OracleVoice: 4 Strategic Issues To Address Before Embarking On A Big Data Journey
No matter where you are on the road to big data nirvana, Strata+Hadoop World offers a chance to hear from experts about the strategies, architectures, and technologies that have enabled companies to become more data-driven.
Wednesday, September 23, 2015
'Mega Man Legends' Is Coming Westward Again Via PSN
Forbes Real Time
'Mega Man Legends' Is Coming Westward Again Via PSN
Later this month, the PlayStation classic Mega Man Legends will be released on the North American PlayStation Store.
'If You Quit, I'll Give You A Bad Reference'
Forbes Real Time
'If You Quit, I'll Give You A Bad Reference'
Morgan wants to leave his job, but his boss told him flat out that if Morgan gets a job offer, his boss will give him a negative reference! What should Morgan do?
Crude Oil Prices May Be Headed Lower
Forbes - Markets
Crude Oil Prices May Be Headed Lower
Oil prices have fallen 65% from their peak in August 2014. Which way are they headed? In this article, we'll make a compelling case for lower prices.
Bill Gross To The Fed: 'Get Off Zero Now!'
Forbes - Markets
Bill Gross To The Fed: 'Get Off Zero Now!'
Bill Gross has something to say to the Federal Reserve: Raise interest rates and raise them now.
Five Billionaire-Owned Tech Stocks To Buy On The Cheap
Forbes - Markets
Five Billionaire-Owned Tech Stocks To Buy On The Cheap
It's times like these when markets and sectors are beaten down that many of the great billionaire investors in the world have made their mark and amassed their fortunes.
IMF-Backed Reforms Could Grant Ghana A Debt Reprieve
Forbes - Markets
IMF-Backed Reforms Could Grant Ghana A Debt Reprieve
With a World Bank guarantee and an IMF programme, Ghana’s government may finally have a little breathing room to fix the country’s sputtering economy, as officials go on the road to market a new $1.5 billion eurobond.
Who Pays Tax On Business Sale? Ask Warren Buffett
Forbes Real Time
Who Pays Tax On Business Sale? Ask Warren Buffett
Business sales are usually taxable, but Warren Buffett often finds a way to make tax wholly or party tax-free.
The Three Pillars Of A Catalytic Leader Per Red Hat CEO Jim Whitehurst
Forbes Real Time
The Three Pillars Of A Catalytic Leader Per Red Hat CEO Jim Whitehurst
Enable. Earn. Encourage.
Tuesday, September 22, 2015
New Study Finds Disconnect Between Women and Today's Wearables
Forbes Real Time
New Study Finds Disconnect Between Women and Today's Wearables
A study by Saatchi and Saatchi Wellness shows what women want in a wearable. Hint: it’s nothing on the market today.
Greedy Pharma Executive Cancels 5,000% Price Hike -- But He Didn't Fix The Real Problem
Forbes Real Time
Greedy Pharma Executive Cancels 5,000% Price Hike -- But He Didn't Fix The Real Problem
The easy trick was getting Turing Pharmaceuticals to back down from its 5000% price hike. The hard part is achieving lasting reform.
Netflix's Emmy Performance: A Premonition Of Tough Times Ahead?
Forbes - Markets
Netflix's Emmy Performance: A Premonition Of Tough Times Ahead?
Netflix had a first-mover advantage, but with increased competition from heavy hitters, it is in danger of spreading itself thin trying to be both a massive aggregator of licensed content and a creator of exclusive, top content.
Netflix's Emmys Performance: A Premonition Of Tough Times Ahead?
Forbes - Markets
Netflix's Emmys Performance: A Premonition Of Tough Times Ahead?
With increased competition in the ad-free subscription video-on-demand space, Netflix needs to reinvent itself.
Oh Volkswagen, What Have You Done!
Forbes - Markets
Oh Volkswagen, What Have You Done!
In what continues to be a year to forget for the German automaker Volkswagen AG, the company, which passed Toyota to become the world?s highest-selling auto company this year, recently admitted to cheating the U.S. emission-control standards. According to the federal regulators, Volkswagen admitted to fitting its diesel vehicles with a defeat device that made it possible for the cars to emit less when tested, compared to the real-world conditions. The intensity of this scandal is high and the scale is massive. Volkswagen now faces large fines, loss in customer trust, disenchantment, and possible backlash from its investors, and maybe even criminal charges.
XLF, REK: Big ETF Outflows
Forbes - Markets
XLF, REK: Big ETF Outflows
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Financial Select Sector SPDR Fund (XLF), where 24,300,000 units were destroyed, or a 3.2% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo & Company (WFC) is down about 1.6%, and Berkshire Hathaway Class B (BRK.B) is lower by about 1.4%.
Goldman Chief Lloyd Blankfein Discloses 'Highly Curable' Cancer
Forbes Real Time
Goldman Chief Lloyd Blankfein Discloses 'Highly Curable' Cancer
Goldman Sachs chairman and CEO Lloyd Blankfein revealed Tuesday morning that he has a "highly curable" form of lymphoma. Blankfein said that after weeks of not feeling well, he underwent a series of tests that led to a biopsy last week. That biopsy produced a lymphoma diagnosis, but Blankfein said that both he and his doctors are optimistic that he will make a full recovery.
Is Decision Making Impaired With Aging?
Forbes Real Time
Is Decision Making Impaired With Aging?
Age-related changes in decision making is a topic that is increasingly becoming an important consideration as we embrace working past traditional retirement age. Evidence suggests that as we grow older there are cognitive and affective changes in the way we process information. All decisions whether small or large can be disadvantaged [...]
Mongolia Takes A Beating As China's Commodity Hunger Declines
Forbes - Markets
Mongolia Takes A Beating As China's Commodity Hunger Declines
China’s slowing economy and declining appetite for energy, metals and other commodities is bad news for several Asian commodity-producing countries, the Asian Development Bank warned Tuesday.
Monday, September 21, 2015
Being Number One In Trademarks Owned Didn't Save Scott Walker; Donald Trump Is Number Two
Forbes Real Time
Being Number One In Trademarks Owned Didn't Save Scott Walker; Donald Trump Is Number Two
There are at least five new trademark applications filed for “Trump” since April alone, using Trump in some political way. Governor Walker had quite a portfolio going. Some are the predictable: “Scott Walker For America” and “Walker16.” A couple of his trademark applications are more message-laden, like “Reform. Growth. Safety.” Then again, like many more pedestrian trademark applications, there are [...]
Hillary Hammers Biotech: Clinton Tweet On Price-Gouging Smacks Stocks
Forbes - Markets
Hillary Hammers Biotech: Clinton Tweet On Price-Gouging Smacks Stocks
Hillary Clinton decries high prices for specialized medications, takes a big bite out of biotech stocks.
Monday Sector Leaders: Financial, Consumer Products
Forbes - Markets
Monday Sector Leaders: Financial, Consumer Products
Looking at the sectors faring best as of midday Monday, shares of Financial companies are outperforming other sectors, higher by 0.7%. Within the sector, E*trade Financial Corporation (NASD: ETFC) and Equinix, Inc (NASD: EQIX) are two large stocks leading the way, showing a gain of 1.8% and 1.7%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (AMEX: XLF), which is up 0.8% on the day, and down 6.41% year-to-date. E*trade Financial Corporation, meanwhile, is up 9.36% year-to-date, and Equinix, Inc is up 30.35% year-to-date. Combined, ETFC and EQIX make up approximately 0.8% of the underlying holdings of XLF.
How Biosimilars Can Impact Pharma Company Valuations
Forbes - Markets
How Biosimilars Can Impact Pharma Company Valuations
An inflexion point in the pharmaceutical industry has loomed with the approval of Hospira’s biosimilar version of Remicade in Europe and the subsequent approval in the U.S. of its first biosimilar, Novartis’ Zarxio (which targets Amgen’s Neupogen). So far, the industry has encountered patent cliffs due to generic versions of small molecule drugs hitting the market, with biologics remaining well protected due to lack of appropriate approval guidelines. While we believe that a lot of stake holders will benefit from the advent of biosimilars, some will be adversely affected.
What Hidden Retirement Plan Expenses Cost You
Forbes - Markets
What Hidden Retirement Plan Expenses Cost You
Going with big-name advisers will cost you big on retirement funds. Here's how to save money.
Consumers Prepare For An Internet Of Very Pointless Things
Forbes Real Time
Consumers Prepare For An Internet Of Very Pointless Things
This time last year Gartner said that by 2022 a typical family home, in a mature affluent market, could contain several hundred smart objects by 2022. Several hundred. Thinking over this for a moment you can pinpoint a few of the usual suspects and brands already that may grace a home in [...]
Sunday, September 20, 2015
India Could Become A Top Three Global Market Says RB Global CEO
Forbes - Markets
India Could Become A Top Three Global Market Says RB Global CEO
With a billion plus population, India provides a massive growth opportunity – and could even make it into its top three market bracket in the next five years, says RB global CEO Rakesh Kapoor. He’s pushing the country as an innovation hub for the consumer goods giant, through a ‘do-good’ way of business.
China And India: Are Their Interests Converging?
Forbes Real Time
China And India: Are Their Interests Converging?
The two Asian giants need to speak with a common voice.
Zogby Poll: Trump Widens Lead After GOP Debate
Forbes Real Time
Zogby Poll: Trump Widens Lead After GOP Debate
Real estate mogul Trump has widened his lead to 20 points in a brand new Zogby Analytics poll taken after the second Republican presidential debate. The new poll of 405 likely Republican primary/caucus voters nationwide, conducted September 18-19, shows Mr. Trump with 33% (up 2 points from his pre-debate 31%). [...]
EndoChoice -- Guts, Glory & A $100M IPO
Forbes Real Time
EndoChoice -- Guts, Glory & A $100M IPO
There was a time when going public was all the rage. It still is for serial entrepreneurs who expect to hit major scale and want a lower cost of capital to continue feeding that scale. For some people an IPO isn’t in the cards but for Atlanta-based EndoChoice, a GI medical technology company, it was in the plan before they did their first seed round. Here’s a look at the major milestones they passed from seed to IPO and the logic behind their ascent from a napkin in 2008 to $61Million in revenue in 2015 with ready capital to keep going.
Automakers Give Drivers a Brake ... And A Supercar
Forbes Real Time
Automakers Give Drivers a Brake ... And A Supercar
This is Change Log — my weekly observations and links on the intersection of tech, commerce, health, culture and markets. Monday leading carmakers very quietly unveiled plans to eliminate rear-end collisions by working with the National Highway Traffic Safety Administration to implement automatic braking systems as standard equipment for all new cars sold in [...]
When Should You Stop Funding Your HSA?
Forbes - Markets
When Should You Stop Funding Your HSA?
A Health Savings Account (HSA) is a rare type of account where you can get a tax deduction when you put the money in and then pay no tax when you take the money out for qualified medical expenses.
8 Game-Changing Ideas That Could Revolutionize Their Industries
Forbes Real Time
8 Game-Changing Ideas That Could Revolutionize Their Industries
It’s an exciting time to live and work because every day, it seems like some new cool product or service launches. Eight companies in particular are developing game-changing ideas about how consumers and businesses alike view their industries and how competitors will keep up.
Tokyo Game Show 2015: Console Needs More 3rd Party Support, Mobile Has Peaked
Forbes Real Time
Tokyo Game Show 2015: Console Needs More 3rd Party Support, Mobile Has Peaked
One of the signs in gaming before the floor falls out from beneath you is that of wanton excess. This year’s Tokyo Game Show had that in abundance, not from console publishers mind but the mobile gaming contingent. Yet in Japan, many feel the market has peaked so the excess was very telling.
Saturday, September 19, 2015
Ben Carson Doesn't Get It: All Our Vaccines Prevent Death
Forbes Real Time
Ben Carson Doesn't Get It: All Our Vaccines Prevent Death
We already knew Donald Trump didn't understand medicine. He once again parroted the tired falsehood that autism and vaccines have anything to do with each other. They don't. He added insult to injury by also repeating the tired falsehood that "autism has become an epidemic." Not only is that untrue, [...]
Doctor Who S9.01 Recap– The Magician's Apprentice
Forbes Real Time
Doctor Who S9.01 Recap– The Magician's Apprentice
3 Reasons Why Executives Should Use Twitter to Strengthen Their Own (Personal) Brands
Forbes Real Time
3 Reasons Why Executives Should Use Twitter to Strengthen Their Own (Personal) Brands
With social media now a commonplace element of most business’ marketing plans, research indicates that three out of four CMOs believe it is an effective tool to help build their business and 82% indicate it has helped increase brand awareness. While C-level leaders acknowledge the significant brand building benefits of social media, few are using the power of social media to strengthen their own brands. To help C-level leaders identify how to prudently begin a twitter-based effort to strengthen their own brand, I turned to social media guru Phil Glutting (@PhilGlutting), who is the owner of SMMarketing, and has over 127,000 twitter followers.
Jeb Bush's Marijuana Use Pales Compared To The Threat His Own Kids Face From Climate Change
Forbes Real Time
Jeb Bush's Marijuana Use Pales Compared To The Threat His Own Kids Face From Climate Change
When Republican presidential contender Jeb Bush admitted during this week’s debate that he smoked pot 40 years ago, it barely made the TV replays. Oddly, the media also paid little attention to a far more relevant discussion over whether the human hand is contributing to climate change. While both Jeb’s supporters [...]
The Fed's Interest On Reserves Policy Is Not "Paying Banks Not To Lend"
Forbes - Markets
The Fed's Interest On Reserves Policy Is Not "Paying Banks Not To Lend"
The FOMC has decided not to raise interest rates – for now. But it's still widely expected that rate rises will come soon, possibly by the end of the year. Some people think that QE should be unwound first, but the Fed's plan is to raise rates first. The Fed will unwind QE gradually as the securities it has purchased mature.
The Week Ahead: Make Your Fall Portfolio Plans Now
Forbes - Markets
The Week Ahead: Make Your Fall Portfolio Plans Now
The Fed's decision to stand pat on rates disappointed investors as those who have been finding fault with their strategy for many years had something more to complain about while others were understandably concerned over their cautious view of the economy.
The market weakness on Friday is likely a sign that the market's rebound from the August 24th lows is over. I am still not expecting a major decline to significant new lows but it is possible. In my experience when the WSJ recognizes the flag or pennant formations it is less likely to be resolved in a classic technical manner.
I do think that the investors should be using the current market decline to start making solid plans for what they will do with their portfolio in the coming months. This is true for those who already have a stock portfolio as well as those who are in cash on the sidelines. The failure of investors to have a concrete plan for their portfolio often means that they end up reacting emotionally which adversely impacts their portfolio.
Let's look at the likely scenarios over the month or so and why it will be important to take a proactive approach to managing your portfolio.
The Week Ahead: Make Your Fall Portfolio Plans Now
Forbes Real Time
The Week Ahead: Make Your Fall Portfolio Plans Now
The Fed's decision to stand pat on rates disappointed investors as those who have been finding fault with their strategy for many years had something more to complain about while others were understandably concerned over their cautious view of the economy.
The market weakness on Friday is likely a sign that the market's rebound from the August 24th lows is over. I am still not expecting a major decline to significant new lows but it is possible. In my experience when the WSJ recognizes the flag or pennant formations it is less likely to be resolved in a classic technical manner.
I do think that the investors should be using the current market decline to start making solid plans for what they will do with their portfolio in the coming months. This is true for those who already have a stock portfolio as well as those who are in cash on the sidelines. The failure of investors to have a concrete plan for their portfolio often means that they end up reacting emotionally which adversely impacts their portfolio.
Let's look at the likely scenarios over the month or so and why it will be important to take a proactive approach to managing your portfolio.
Konami Ceases Console Game Development, Technology Director Leaves
Forbes Real Time
Konami Ceases Console Game Development, Technology Director Leaves
In a recent announcement, Konami has revealed that bar Pro Evolution Soccer they will be ceasing all major console game development. In addition, the company’s technology director Julien Merceron will also be leaving.
Friday, September 18, 2015
The Real Value Of A Universal Basic Income Is That It Raises The Reservation Wage
Forbes Real Time
The Real Value Of A Universal Basic Income Is That It Raises The Reservation Wage
Steve Randy Waldman has a nice slide series explaining the benefits of a universal basic income as a replacement for the various hotch-potch of policies we currently call the welfare system. I'm largely in agreement that such a universal basic income would be a better idea than what we already [...]
Why Most Resumes Don't Even Get A Glance
Forbes Real Time
Why Most Resumes Don't Even Get A Glance
Job-seekers worry themselves sick over the question "Will this employer like my resume?" but the far greater problem is that most likely, no one in the company will see your resume at all
Netflix's Narcos Kingpin Pablo Escobar: A Look Back At His 7 Years On FORBES' Billionaires List
Forbes - Markets
Netflix's Narcos Kingpin Pablo Escobar: A Look Back At His 7 Years On FORBES' Billionaires List
Colombian cartel leader Pablo Escobar made Forbes' billionaires list from 1987 until his death in 1993. What did the American journalist who eerily predicted his death in the magazine have to say 22 years later?
The Real Daily Fantasy Football Winners: CBS, Yahoo And Disney
Forbes - Markets
The Real Daily Fantasy Football Winners: CBS, Yahoo And Disney
Success in fantasy football comes down, largely, to luck: of the draw, of the schedule, of the fantasy team's health. But that's for the mere mortal. For certain corporations -- like CBS, Disney, Yahoo and even Facebook and Google -- success in fantasy football is much more of a sure thing. Or at least that's what one new Wall Street report hypothesizes.
An Update On Facebook's Businesses
Forbes - Markets
An Update On Facebook's Businesses
Having recorded more than a billion daily active users and over four billion daily video views on its core platform recently, Facebook is seeing encouraging growth in many of its businesses. The WhatsApp platform saw its monthly user base grow to more than 900 million in September 2015. In addition, the company recently expanded its advertising efforts on Instagram across more than 30 international markets. We believe these efforts will lead to an increased share for Facebook in the digital advertising market in the coming years.
SMH, EFZ: Big ETF Outflows
Forbes - Markets
SMH, EFZ: Big ETF Outflows
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Semiconductor ETF (SMH), where 1,950,000 units were destroyed, or a 33.2% decrease week over week. Among the largest underlying components of SMH, in morning trading today Intel Corporation (INTC) is off about 1.1%, and Taiwan Semiconductor Manufacturing (TSM) is lower by about 0.2%.
Broadcom's New Connectivity Chips Expand Its Presence In The Auto Segment
Forbes - Markets
Broadcom's New Connectivity Chips Expand Its Presence In The Auto Segment
Though its parameters and standards are only now being established, its impact is likely to be both wide and deep. IoT technology allows computing and control functions to be deployed widely across everyday devices via a number of wireless communications, ranging from Near-Field through Bluetooth to WiFi and cellular spectra. Being a leader in wireless connectivity, Broadcom is at the forefront of IoT innovation, offering a gamut of connectivity hardware and software solutions for a broad range of IoT end markets. The automotive segment is one such market, and one that offers a significant opportunity.
Why Did Fed Get Icy Reception?
Forbes - Markets
Why Did Fed Get Icy Reception?
Wall Street and the press have run out of patience. Are stock investors next?
Thursday, September 17, 2015
How One Hedge Fund Manager Predicted RMB's Depreciation One Year Ago
Forbes Real Time
How One Hedge Fund Manager Predicted RMB's Depreciation One Year Ago
Carl Huttenlocher is now one of my favorite hedge fund managers. Why? Because one year ago, the chief investment officer of Hong Kong-based Myriad Asset Management predicted, correctly, that the RMB would and must continue to devalue - at a time when mainstream wisdom believed in China's ability to keep a [...]
10 Takeaways From Manchester United's Financial Results For 2015
Forbes Real Time
10 Takeaways From Manchester United's Financial Results For 2015
The turnover for the year was $612.5M which is a reduction of $58.9M from the year before. Much of the drop was driven by a failure to qualify for the 2014/15 Champions League. The club announced that it expects to generate around $775M in revenue for the 2015/16 year.
Fed Keeps Debate Raging: When Will They Finally Raise Rates?
Forbes - Markets
Fed Keeps Debate Raging: When Will They Finally Raise Rates?
Thursday the policy setting arm of the Federal Reserve held interest rates near zero for the 82nd month in a row.
Daily Dividend Report: ORCL, ABT, DHR, A, BEN, BXP, APA, ESS, SLG
Forbes - Markets
Daily Dividend Report: ORCL, ABT, DHR, A, BEN, BXP, APA, ESS, SLG
Oracle Corporation (ORCL) declared a quarterly cash dividend of $0.15 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on October 14, 2015, with a payment date of October 28, 2015.
Trump's Right: Here's The Proof Carly Fiorina Was A Disaster For HP Shareholders
Forbes - Markets
Trump's Right: Here's The Proof Carly Fiorina Was A Disaster For HP Shareholders
Carly Fiorina says her CEO track record proves her presidential bona fides, but the facts say she didn't deliver for shareholders.
Rite Aid Q2 Earnings Preview: Acquisition Synergies Likely Improved Margins, Amidst Sales Slowdown
Forbes - Markets
Rite Aid Q2 Earnings Preview: Acquisition Synergies Likely Improved Margins, Amidst Sales Slowdown
The third largest drugstore chain in the U.S., Rite Aid , is about to announce its earnings for the second quarter of FY 2016 (ending August) on September 17th. In the previous quarter, the company continued growing sales at the prior-year growth rate of approximately 3%, driven by increases in same-store sales and same-store prescription count. Despite an increase in operating expenses, Rite Aid managed to hold margins steady.
OracleVoice: Three Signs Your CRM System Isn't Cutting It
Forbes Real Time
OracleVoice: Three Signs Your CRM System Isn't Cutting It
In today’s B2B world, outmoded selling processes can hinder business growth. A CRM system must support high-quality leads, data analytics, and offer an effective way to configure, price, and quote.
Even Google Doesn't Understand Google's Value To The Economy
Forbes Real Time
Even Google Doesn't Understand Google's Value To The Economy
A rather strange report from Google, trying to show the company's value to the UK economy. They also do this for other countries (here is last year's for the US). The aim is to show how Google adds value to local economies. In particular, in the UK, they're presumably interested [...]
Wednesday, September 16, 2015
GOP Debate Winners: Carly, Carson And Christie While Trump, Bush And Paul Among Losers
Forbes Real Time
GOP Debate Winners: Carly, Carson And Christie While Trump, Bush And Paul Among Losers
Donald Trump went into the debate with a big lead, followed by Ben Carson, then Jeb Bush – according to a new Zogby Analytics Poll released earlier on Wednesday. Trump is likely to lose support after the second GOP debate. While he discussed some specifics about immigration, and was again [...]
The Commoditization Of The Stock Market - Part II
Forbes - Markets
The Commoditization Of The Stock Market - Part II
Picking up from last week’s post, succeeding generations of money managers missed McChesney Martin's and later Paul Volcker's draconian FRB tightening exercises when inflation ran between 7% and 8% and 5-year agency notes sold at a 15% yield in 1982.
Silver Wheaton Stock Receives Vote Of Confidence From Management Amid Uncertainty
Forbes - Markets
Silver Wheaton Stock Receives Vote Of Confidence From Management Amid Uncertainty
Silver Wheaton has announced the buyback of up to 20.2 million shares of the company’s stock, amid weakness in the company’s stock price as a result of weak precious metal prices and tax related uncertainty. The company management believes that current price levels underestimate the prospects of the company’s business. However, given a potential reassessment of the tax liability pertaining to the company’s foreign subsidiaries, it remains to be seen if the management’s confidence in Silver Wheaton’s stock is well founded.
Micron: Signs of Stabilizing PC Demand And A Focus on New Growth Segments Bodes Well
Forbes - Markets
Micron: Signs of Stabilizing PC Demand And A Focus on New Growth Segments Bodes Well
At the Citi 2015 Global Technology Conference last week, leading memory products manufacturer Micron Technology admitted to seeing signs of stability in the PC market, with reductions in inventory throughout the network and the channel. This could give some breathing room for the company, which has seen a steep decline in its valuation since the start of 2015. Year to date, Micron’s stock is down more than 50%. Weaker-than-expected PC sales, adverse currency headwinds, and Micron’s guidance that its DRAM and NAND output (or "bit") growth will lag that of the market in calendar year 2015, are some of the key factors that have contributed to the weak investor sentiment around the company.
3 Dividend Stocks Ready to Boost Payouts Twice in 2016
Forbes - Markets
3 Dividend Stocks Ready to Boost Payouts Twice in 2016
With the S&P 500 yielding a measly 2.1%, where’s an income investor supposed to look these days?
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