‘A loss for all investors’: The Hulbert Financial Digest says goodbye


If you’re a trader who relies on newsletters from either side of the border, it’s going to get tougher sorting the wheat from the chaff. A week ago, Marketwatch reported that after 36 years Mark Hulbert’s highly influential Hulbert Financial Digest has shut down. I’d interviewed Hulbert, the author of the newsletter about newsletters, a few times over the years ...

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China data disappoints: What you need to know before markets open


North American stocks look headed for a lower open today, after weak Chinese data rekindled fears of a global economic slowdown led by the world’s second-biggest economy. China’s February trade performance was far worse than economists had expected, with exports tumbling the most in over six years.Global stocks fell following the data. Crude oil and copper prices were down marginally. Investors ...

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Stocks on correction watch as pressure builds on global banks


LONDON – A stop by bank shares kept European shares under pressure on Tuesday, after losses in Asian markets sent investors scurrying for safe havens. After a choppy morning, the pan-European FTSEurofirst 300 flattened out, having touched its lowest levels since October 2014 in early trade. It remained near its Monday close, the lowest since 2013.North American futures point to ...

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Focus on real issues and don’t get distracted, advises Raging River, Taseko dissident


It won’t take so long as the U.S. presidential election, however the battle for the hearts and minds of shareholders of Taseko Mines, underway for 2 months, has 8 weeks to operate prior to the final showdown on May 10. And halfway through, Chicago-based shareholder Raging River Capital – that is leading the charge to have its four director nominees ...

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Empire Co Ltd may need discount FreshCo stores in Alberta


Empire Co. Ltd.’s extremely weak third quarter results, thanks to a clear, crisp gross margin pullback in food retailing, is the result of a deterioration in its Western Canadian business. But as CIBC World Markets analyst Mark Petrie stated, a lot of the harm, which translated into a $1.73 billion write-down, was self inflected. It “comes from poor execution round ...

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Four Amaya employees may join CEO David Baazov in bid to take PokerStars owner private


MONTREAL – Who owns PokerStars and other online gambling sites says several of its employees may be joining an attempt to take the company private. Amaya Inc. says it’s been notified that its executive vice-president for corporate development, together with three other employees, might be participating in the potential takeover being contemplated by CEO David Baazov. Related Amaya Inc CEO ...

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Martin Pelletier: Markets haven’t kept pace with GDP rebound


David Rosenberg offered some great insight on the current economic situation in Canada via his column ‘Canadian economy not so dead, after all’ earlier this week. In particular, as the GDP change was slightly negative in the first 1 / 2 of this past year it has since posted a decent recovery thanks to strong consumer spending and the impact ...

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This market is more 2011 than 2008, say analysts, complete with ‘quite severe’ rolling bear market


Financial markets have been flashing lots of indicators in the past month which have spooked investors and led to a flight ticket from risk for point about this year, drawing parallels to the financial crisis of 2008. Like that year, banks are the big focus, with investors this week selling off U.S. and European banks around credit fears.  But while ...

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