Microsoft to Buy LinkedIn

Microsoft to Buy LinkedIn for $26 Billion in Biggest Deal Yet Microsoft Corp. is acquiring the professional social network LinkedIn Corp. for $26.2 billion, one of the largest technology-industry deals on record, as the maker of Windows software attempts to put itself at the center of people’s business lives. The deal is a way for Microsoft, which largely missed out on the consumer Web boom dominated by the likes of Google and Facebook Inc., to sprint ahead in social tools -– in this case, for professionals. While Chief Executive Officer…

Motivational Quotes

28 Motivational Quotes from Top Traders Trading is a lot like riding a roller coaster. Although it obviously is fun and exciting, there will be times when you feel scared, nervous or even powerless. When these bad times come, it’s important to not panic or give up. One excellent thing to do during these troubling times is read some motivational quotes from traders who have been in your shoes and know the path to success. Here are 28 motivational quotes that will help keep you focused and on the path…

EM FX debt bonanza is over

Where did all the EM FX bonds go? According to Nomura’s Nordvig and team “the EM FX debt bonanza is over”. Which is nice if you thought it was a measure of building risk… After three years (2012-2014) of very strong net issuance in emerging markets (around $250bn per year), issuance has dropped to much lower levels during 2015. Chinese entities managed to issue around $50bn in debt, mostly in the early part of the year, but net issuance in other emerging markets has essentially ground to a halt. Now, as…

Financial Innovation

Financial Innovation and Trading Lies It is hard to measure, but I think there’s a decent case to be made that financial innovation has done good things for a lot of real-world businesses. Junk bonds and real estate investment trusts and master limited partnerships and receivables securitizations and other capital-structure developments have helped companies raise money and lower their costs and attract investors and grow. There are success stories, though many of them are kind of boring. But hoo boy are the failures entertaining. Enron is of course the all-time poster…

Risk-On While It Lasts

Markets In Review – Enjoying Risk-On While It Lasts Markets grow appetite for risk, helping equity prices to new highs. ■ S&P 500 adds 1.6% weekly, marking new highest point since Dec 15’ ■ Safe havens such as sovereign bonds and gold lose amid markets’ risk-on sentiment ■ Oil prices peak over USD 42 per barrel in anticipation for Doha supply freeze Augmented appetite for yield dominated the weekly trading session, or at least the most of it. The S&P500, namely, saw a 1.6% weekly increase, with a Tuesday to Thursday…

About Robo-advice

Robo-advice critics are missing the big picture Robo-advice is evolving at such a rapid rate that it’s not been well defined as of yet. Without a standard definition, many people have made assumptions about what it is or isn’t without understanding the concept and purpose. The research that informed the development and communication around our new Guru model was the 2015 Robo-Advice Benchmarking Report from Ernst & Young. They concluded that robo-advice can take one of three forms: guided and facilitated (either face-to-face or remotely), self-service and automated investment. Much…

Market Liquidity Fear

The ECB, market liquidity fear and an expandable shopping list. The ECB did stuff last week, namely it cut rates while downplaying further cuts, tried to protect the banks under its care from negative rates and pledged to boost its balance sheet due to its fear of market liquidity reduction. That was considered, after some confusion, impressive by markets, amongst other things because of the ECB’s shift to buying up private assets — “investment-grade euro-denominated bonds issued by non-bank corporations established in the euro area are to be inccluded in QE,” as Deutsche summarised while others wondered aloud about…

Stock Buyback Plans Can Backfire

Stock Buyback Plans, Seen as Shareholder Boon, Can Backfire Stock buyback plans are a boon for shareholders, right? That’s been the spin, anyway, as hedge fund activists have pushed corporate managers to spend billions repurchasing shares in recent years. But not all stock buyback plans are created equal, and exhibit A is LPL Financial Holdings, a brokerage and investment advisory firm in Boston. LPL recently completed a $275 million stock buyback spree that was exceedingly costly, increased the company’s debt and wound up primarily benefiting a powerful insider investor. Shareholders typically like repurchase programs because…

Q1 mortgage stats

Big Banks reveal Q1 mortgage stats This is what brokers need to know about the mortgage performance of the big banks that don’t operate in the broker channel – related with Q1 mortgage stats. RBC Royal Bank’s outstanding residential mortgage loans accounted for $245.6 billion as at January 31, 2016 – up from $234.2 billion as at October 31, 2015. The biggest of the big banks credits its residential mortgage portfolio with spurring its overall loan growth. “Loans were up $68 billion or 15%, largely reflecting our acquisition of City…

New competitive arenas

Stepping into New competitive arenas to improve you trading skills Brokers interested in business growth should view the expansion of their business as a series of measured steps, which is exactly the theme we are covering in this blog series. The first step you should take, according to leading consultancy McKinsey & Co, is to consider new competitive arenas. It’s easy to grow comfortable with what you have and to resist change or expansion, but it’s impossible to achieve significant growth without stepping out of your comfort zone and into…