A troubling development in markets is flashing a warning sign for tech’s biggest companies
By Joe Ciolli From Business Insider Tech stocks have been under fire for the past several weeks, with the NYSE FANG+ index dropping 12% since hitting a record high in mid-March. Bank of America Merrill Lynch highlights a statistic that…
New bond issue: Banco do Brasil, Grand Cayman Branch issued international bonds
(USP3772WAH53) with a 4.625% coupon for USD 1,000.0m maturing in 2025 October 19, 2017 – Cbonds October 18, 2017 Banco do Brasil, Grand Cayman Branch issued international bonds (USP3772WAH53) with a 4.625% for USD 1,000.0m maturing in 2025. Bonds were…
Tesla wants to raise $1.5 billion as it gears up for ‘manufacturing hell’
By Narottam Medhora and Laharee Chatterjee, Reuters From Business Insider (Reuters) – Tesla Inc said on Monday it would raise about $1.5 billion through its first-ever high-yield junk bond offering, as the U.S. luxury electric car maker seeks fresh sources…
There’s a way to invest in a cleaner environment, and the market is booming
By Frank Chaparro From Business Insider An increasing percentage of people today are not solely concerned about outsized returns when they invest their money — they also care about the social impact of their investments. That increased interest has partly…
Record number of fund managers say US equities are overvalued
From Newsmax Measures of stock valuation have been flashing caution for months. Humans are finally starting to take notice. Fund managers now say stocks are the most overvalued they have been in nearly 20 years, according to a survey done last…
FAI: A bunch of Bank of America customers lost $1.2 million after putting a big chunk of money in Puerto Rico
From Business Insider FA Insights is a regular newsletter from Business Insider that delivers the top news and commentary for financial advisors. The Financial Industry Regulatory Authority said on Wednesday it fined Bank of America Merrill Lynch $7 million for inadequate…
Jim Armitage: Debt-laden and pricey, beware Misys’ private-equity flip
By JIM ARMITAGE From Evening Standard UK I don’t doubt that having Misys in the FTSE 100 will be a boost to Britain’s tech scene, particularly with the departure of ARM. But patriotism aside, at this price I don’t want my…
Funds buy German bonds with negative yields as choices narrow
From Newsmax Funds were the biggest buyers of the first negative-yielding euro bonds sold by a non-financial company, highlighting how central bank stimulus is distorting markets. Deutsche Bahn AG allocated 57 percent of the 350-million euro ($388 million) bond sale…
$415M Merrill Lynch Settlement Spurs SEC to Boost Enforcement
From Mark Hamblett, From New York Law Journal Gambling with customer money that was supposed to be set aside for its own rainy day cost Bank of America’s Merrill Lynch $415 million in a settlement Thursday and prompted a stepped-up…
A shareholder-unfriendly buyout at Autohome [Will Cayman Islands throw it out?]
By SHULI REN From Barron’s A buyout of China’s online ad service for car makers and dealers may be unfair to U.S.investors. Will a Cayman court throw it out? Autohome, which provides online advertising services for car makers and dealers, is…
