News 

Warburg Pincus raises $2.3 billion for new financial services fund

“U.S. private-equity firm Warburg Pincus said on Monday it has raised $2.3 billion for a new financial services fund, ahead of its target of $1.6 billion” writes Jin Lee for cnbc.com. Warburg Pincus Financial Sector, a companion fund to its $13.4 billion Warburg Pincus XII, was launched in June.”This new fund, in conjunction with our main, global fund, will enable us to invest behind both secular and cyclical trends that are driving the growth in the financial services sector, including increasing financial penetration in emerging markets; technology enablement; financial services…

Read More
News Stocks 

Why you should dump that loser stock in 2017 and harvest the tax loss

“Fear of missing out is not a good reason to avoid harvesting tax losses at year-end” writes Mark Hulbert for marketwatch.com. If this investor thinks Range Resources stock will experience a big jump over the next 30 days, he naturally will be reluctant to harvest his loss.More: The wash sale rule is a nasty little piece of tax code What FOMO investors are overlooking, however, is that there are other places besides cash to put your money after harvesting a tax loss.According to this utility, the stocks most highly correlated…

Read More
News Stocks 

Europe’s financial sector is getting tougher rules and it will affect the whole world

“A new set of rules comes into force for the European financial sector on January 3, which are set to have far-reaching consequences for the industry” writes unknown author for cnbc.com. CNBC explains what it is and how it will affect the financial sector.Anyone buying or selling stocks, bonds, foreign exchange, commodities or exchange-traded funds (ETFs) will be affected by the new standards. Source: cnbc.com Share This:

Read More
Markets News Regulators 

Dow notches record as Fed hikes rates

“The S&P 500 ended slightly lower on Wednesday pressured by the financial sector after the Federal Reserve announced a widely expected interest rate hike but kept its rate outlook for coming years even as it projected faster U.S. economic growth” reports foxbusiness.com. The S&P utilities .SPLRCU sector pared gains after hitting a session high to end up 0.3 percent. Source: foxbusiness.com Share This:

Read More
GBP News 

Give industry an early role in Brexit trade talks, says EEF

“Manufacturers are demanding an early role in trade deal negotiations as Britain prepares to quit the European Union in an attempt to avoid pitfalls that only become apparent later” writes Alan Tovey for telegraph.co.uk. EEF, the trade body for the UK’s industrial sector, made the call for business to be involved in talks about both the transition and long-term arrangements.Having representatives from the sector take part in negotiations would “follow best practice models” in Canada and Australia, EEF said. The two countries have fully consulted business as they hammered out free…

Read More
Crypto News 

One chart explains why investors have nothing to fear from a bitcoin bubble

“There are several channels through which a bursting asset price bubble can, in principle, have macroeconomic consequences, but none are a major risk in the case of bitcoin,” he says” writes David Scutt for businessinsider.com. And, given that view, Kenningham says any unwind in the bitcoin price is unlikely have any broader consequences for financial markets or the economy.”While a bursting bubble can affect the economy via the banking sector, this is not much of a risk either, precisely because bitcoin is held and traded outside the banking sector,” he…

Read More
News 

After nearly a decade of economic crisis, Greece has stopped dreaming

“Following nearly 10 years of economic recession, the future of the Greek economy has finally started to brighten up” writes unknown author for cnbc.com. Greece has seen economic growth consecutively in the last three quarters and is set to reach 1.6 percent of growth this year, according to forecasts from the European Commission — breaking free from years of recession. Source: cnbc.com Share This:

Read More
News Stocks 

Dow jumps 100 points, tech stocks rise

“U.S. stocks rose on Thursday as technology stocks continued to regain lost ground from the past week” writes unknown author for cnbc.com. Broadcom shares rose more than 1 percent after the chip maker reported better-than-expected earnings.The Nasdaq composite gained 0.7 percent, as shares of Facebook, Netflix and Amazon all rose.Information technology was the second-best-performing sector in the S&P 500, advancing 0.7 percent. Source: cnbc.com Share This:

Read More
Markets News Stocks 

All of a sudden, traders are loving retail stocks again

“Their piqued interest can be seen in a measure of outstanding options on an exchange-traded fund tracking the retail sector” writes Joe Ciolli for businessinsider.com. But against all odds, retail stocks have been mounting a silent comeback in the stock market over the past month.It’s also within the realm of possibility that traders think retail stocks simply got oversold. And while the long-term future of the industry is still very much up in the air, it’s an encouraging sign that traders are betting on continued resilience. Source: businessinsider.com Share This:

Read More
GBP News 

UK companies are already preparing for a no deal Brexit

“We would expect continued paralysis and short-termism until a trade deal is finalized,” he told Reuters” writes Andrew Macaskill for independent.co.uk. They have been holding off on investment but are preparing for new certification that would allow them to sell in Europe if there is no deal.This would focus on trade and a two-year transition deal to smooth the departure after March 2019.In other sectors, companies are making smaller changes that would enable them to operate in Europe after Brexit, from preparing compliance changes to drawing up shadow supply chains…

Read More