U.S. stock futures point lower; surging oil prices boost equities in Europe and Asia; Amazon says its Prime subscription program has more than 100 million members; P&G to buy German Merck's consumer healthcare unit for $4.2 billion.
Stocks have been all over the map in 2018, mostly with a bias to the downside. This one market indicator by Canaccord Genuity's Tony Dwyer suggests that the bottom for the year has already formed.
As of International Women's Day, seven financial companies acquiesced this year to Arjuna's shareholder proposals requesting that they report their gender pay gap.
A new report from BNY Mellon and the UN Foundation reveals that increasing women's access to financial products and services could expand the market for financial service providers and promote gender equality
The most recent short interest data has been released for the 12/29/2017 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
In 2015, Peltz argued that GE's shares could reach between $40 and $45 a share, by the end of 2017. Instead, the investment contributed significantly to Trian's less-than-stellar 3% annual return for the year through early December, a person familiar with the situation noted. Most of Trian's investments did well in 2017, such as allocations to Bank of New York and Sysco, but the GE investment was a key reason for lower returns overall.