Cash outflows from bank loan funds declined slightly to $342 million during the week ended Sept. 10, versus outflows of $435 million last week and $297 million two weeks ago, according to Lipper. The influence of bank-loan ETFs on this week’s number was 21%, as Lipper recorded a $70 million outflow from ETFs. This compares to a $20 million inflow into ETFs last week. There now have been 20 weeks of outflows over the past 22 weeks, for a total outflow of $10.9 billion over that ...
The praise from Wall Street was effusive in the wake of Facebook’s second-quarter earnings report July 23, rushing to boost ratings and raise price targets. The table tilted slightly back the other way Wednesday morning, when analysts at Janney Capital Markets dropped their rating from buy to neutral, warning that investors may not be willing to pay such rich prices for the social network in 2015 and beyond. Janney’s Tony Wible is ...
My money is on Alibaba, the massive Chinese company that will soon conduct a New York IPO.* Here’s why. Amazon and Alibaba, the world’s largest e-commerce companies, are gearing up for the next big competition: cross-border e-commerce. Both companies have unique advantages in the market, and both are rushing to lock in an advantage in shipping goods from abroad into China, now the world’s largest e-commerce market. In the last few weeks, Amazon.com Inc announced that ...
Coinbase dropped a bombshell on the bitcoin world yesterday by revealing that not only are its bitcoin deposits insured, but they have been so for more than a year. This after months of competitors listing insurance as a differentiating feature. The company wrote in a blog post: We’re proud to publicly announce that Coinbase holds insurance against theft or loss of its bitcoin. We’ve been insured for almost a year, but given the recent ...
Sany Heavy Industry, the flagship construction equipment manufacturer controlled by Chinese billionaire Liang Wengen, said Saturday net profit in the first six months of the year plunged 48% to 1.4 billion yuan, or $223 million, amid slower growth in GDP and investment spending in the world’s second-largest economy. Revenue during the period shrank 10.7% to 19.7 billion yuan, or $3.2 billion. Shares in Shanghai-traded Sany, ...
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