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S&P 500 stocks notch two quarters of double-digit profit gains for first time in six years

S&P 500 stocks notch two quarters of double-digit profit gains for first time in six years
Written by Lance Stover on 2017-08-19


The second-quarter results are in, and Wall Street loves what it's seeing. After an impressive double-digit gain in the first quarter, the S&P 500's earnings per share increased 10.8 percent through July after companies reported their numbers.That marks the first time the index has posted two quarters in a row of double-digit gains since 2011, according to CFRA's Lindsey Bell.Bell also noted...(Read More)

ObiTrio

ObiTrio
Written by Lance Stover on 2017-08-16


When I was young, I avoided reading obituaries out of superstition that I or a family member might fall ill or die.When I was pursuing a medical education, my fear lessened and I became fascinated by obituaries–especially the 2nd paragraph, in which the cause of death is mentioned (or speculated upon).As I’ve matured, I now read them because they are a distinct form of writing–succinct,...(Read More)

Starboard Value makes a quick buck on medical information site WebMD

Starboard Value makes a quick buck on medical information site WebMD
Written by Lance Stover on 2017-08-13


Starboard Value made a quick buck on medical information site WebMD.The activist hedge fund run by Jeffrey Smith reported a new 425,000 share stake in WebMD for the second quarter ended in June. The stake was valued at around $24.9 million, according to Starboard's quarterly regulatory filing, which is due about six weeks after a quarter ends.Last month, KKR announced it planned to buy WebMD for...(Read More)

Whistleblowers reportedly allege fraud at top Canadian buyout firm

Whistleblowers reportedly allege fraud at top Canadian buyout firm
Written by Lance Stover on 2017-08-10


Whistleblowers have alleged fraud at Catalyst Capital, The Wall Street Journal reported Wednesday, citing documents it reviewed and people familiar with the matter.The Journal said at least four people have filed complaints with the Ontario Securities Commission. The regulator is beginning to look into the allegations and interviewing people familiar with Catalyst, the newspaper reported.In a lengthy...(Read More)

While big bills have failed, Wall Street sees opportunity in Trump's massive deregulation movement

While big bills have failed, Wall Street sees opportunity in Trump's massive deregulation movement
Written by Lance Stover on 2017-08-07


President Donald Trump's and the GOP's formal legislative agenda may be stalled, but that is not stopping them from embarking on what may likely be the most massive deregulation effort the nation has ever seen. Trump has said he wants to gut as much as 75 percent of all government regulations throughout his time in office.While everyone keeps looking at the major legislative failures so far this...(Read More)

Value investor who's doubled the market in the last year sees low returns from here

Value investor who's doubled the market in the last year sees low returns from here
Written by Lance Stover on 2017-08-04


Cambria Investment Management's Meb Faber believes investors should expect pretty lousy returns in the coming years due to pricey equity valuations.CNBC's Mike Santoli spoke with Faber, who invests globally using a 'deep' value investing strategy, in an exclusive interview for CNBC PRO . Santoli asked the ETF manager for his market outlook."A few years ago I said the world doesn't really look the...(Read More)

SoftBank hasn't given up on Charter, yet, sources say

SoftBank hasn't given up on Charter, yet, sources say
Written by Lance Stover on 2017-08-01


Despite what appears to be a distinct lack of interest from Charter Communications management in pursuing a deal, SoftBank continues to make efforts to acquire the giant cable company, according to people familiar with the situation.Reports of SoftBank's interest in combining Sprint, which it controls, with Charter first surfaced late Friday, and Sunday night Charter released a statement that was...(Read More)

Why the ousting of the Pakistan prime minister is such a big deal

Why the ousting of the Pakistan prime minister is such a big deal
Written by Lance Stover on 2017-07-29


Pakistan is likely to face serious political and economic instability after the country's three-time Prime Minister Nawaz Sharif is ousted from power by the Supreme Court following a corruption investigation into his family's wealth."He is no more eligible to be an honest member of the parliament, and he ceases to be holding the office of prime minister," Judge Ejaz Afzal Khan said in court, Reuters...(Read More)

Bitcoin slammed by more than 10% to below $2,500; Ethereum down big too

Bitcoin slammed by more than 10% to below $2,500; Ethereum down big too
Written by Lance Stover on 2017-07-26


Bitcoin fell to its lowest in five days Tuesday amid uncertainty over whether the digital currency will still avoid a split. Bitcoin dropped more than 10 percent to $2,487.13, its lowest since last Thursday when it hit a low of $2,276.16, according to CoinDesk.The digital currency last traded just below $2,500, unchanged for the month but still more than double in value for the year. Bitcoin one-week...(Read More)





Yoozpaper is a social network of online newspapers written by individuals or groups. Yoozpaper takes free articles that members write and formats them as an online newspaper.

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