Category: Investing
Investing in U.S. Treasuries ‘Makes No Sense’
Leon Cooperman, founder of equity hedge fund Omega Advisors Inc., said buying U.S. Treasuries is the least attractive investment in a world of “financial repression”
Whitney sees ‘Danger Zone’ after failed default forecast
Meredith Whitney, the banking analyst who incorrectly predicted that “hundreds of billions of dollars” of municipal-bond defaults would occur in 2011, said the tax-exempt market is still a “danger zone” for investors
Palo Alto Networks, other tech firms preparing IPOs
A series of technology companies, including security software maker Palo Alto Networks, are preparing to go public on the heels of Facebook’s US$5-billion filing, sensing a window of opportunity as the stock market rallies
Record nickel suppy thwarts rally
Mining companies and refineries are producing more nickel than at any time in history, expanding a glut that threatens to reverse this year’s rally
Oil hits 9-month high
Brent crude oil reached a nine-month high on Wednesday, supported by Iran-related supply worries, even as weak economic data in Europe and China cast doubt on the outlook for global growth, denting other demand-sensitive assets
Investors pare long bets on U.S. Treasuries
Investors scaled back their safe-haven holdings of U.S. Treasuries after Greece finally clinched a second bailout to avoid a messy default, according to a survey released on Wednesday
Dell dips after forecast misses estimates
Dell Inc. tumbled the most in four months after its first-quarter sales forecast missed analysts’ estimates, dragged down by lackluster personal-computer demand from consumers and governments
Loonie falls through parity
Canada’s dollar slackened through parity with its U.S. counterpart for the first time in four days as stocks dropped on bets global economic growth may stall
Japanese small caps on record winning streak
Japan’s $250 billion in spending to rebuild after last year’s record earthquake is propelling the longest streak of advances in more than 50 years for the country’s smaller stocks
U.S. home sales top year high
U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery
