Author: super@dmin
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Elliott says it takes position in Pernod Ricard
Elliott Management Corp. said Wednesday that it holds an interest of more than 2.5% in Pernod Ricard SA (RI.FR) and is recommending changes to generate value for stakeholders. The U.S. activist fund said there is significant potential for improving the French company, and recommends launching a “more ambitious operational-improvement plan” that will help Pernod catch…
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Asia Markets: Japan, Hong Kong lead big stock rebound in Asia Wednesday
Stocks in Japan and Hong Kong were leading early gains Wednesday across Asia as markets appeared poised for relief rally of sorts.
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Capitol Report: Clayton says broker-dealer ‘best interest’ language may mirror investment adviser’s fiduciary duty
Securities and Exchange Commission Chairman Jay Clayton told Sen. Elizabeth Warren on Tuesday that the final language of the regulator’s proposed “best interest” standard for broker-dealers may be the same language as the fiduciary standard for investment advisers.
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Outside the Box: Gutting Wall Street capital requirement would be reckless
Wall Street banks and conservative policy makers in Congress are pressing regulators to water down a key element of the protections designed to prevent another major financial crisis.
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Europe Markets: European markets rally on upbeat data, trade-talk hopes
Europe stocks are shooting higher after an update sentiment survey from the region’s biggest economy. Signs of another upbeat day on Wall Street is also helping out. .
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Weekend Investor: Investing for impact: Putting your money to work to do good
Individual investors are more often seeking to target their investing to address needs they care about, including those of underfunded, overlooked communities.
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Market Extra: Turmoil leaves investors struggling to pin down likeliest Brexit scenario
The ever-evolving drama surrounding Brexit has market participants scrambling to get their expectations in order. But as renewed speculation swirls around potential leadership challenges in the wake of Prime Minister Theresa May’s decision to delay a parliamentary vote on her exit plan, there is little consensus.
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Cryptos: It’s a not-so-happy 1st birthday for bitcoin futures
Tuesday marks one year since bitcoin futures began trading.
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May’s political survival intensifies as U.K. leader scrambles to save Brexit
Reports show that British Prime Minister Theresa May could be toppled within hours as enough politicians in her ruling Conservative party have requested her removal to trigger a leadership challenge.
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The Technical Indicator: Charting a December bounce: S&P 500 nails major support
Technically speaking, the S&P 500 has maintained significant support (2,581), punctuating a massive early-December downdraft, writes Michael Ashbaugh.