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UK’s IG Group To Buy tastytrade For $1B In US Trading Push

UK-based IG Group Holdings Plc has offered to buy online brokerage and trading platform tastytrade for a total of $1 billion, in a move to strengthen its footprint in the US. IG shares declined 4.3% in UK trading following the news. Under the terms of the proposed offer, tastytrade shareholders will get $300 million in […]

Genmab’s Darzalex Gets FDA Approval For Blood Disorder Treatment

Genmab A/S announced on Jan. 15 that its drug, Darzalex Faspro has been approved by the US Food and Drug Administration (FDA) for the treatment of light-chain (AL) amyloidosis in adult patients. Darzalex Faspro is a combination of daratumumab and hyaluronidase-fihj drugs. Amyloidosis is the build-up of amyloid in different organs of the body. Amyloid […]

What to do if your employment is terminated

“I was given a deadline to sign papers. What does it really mean?” Most employers will ask an employee to sign various documents relating to the termination of their employment by a certain deadline. These documents usually include a release and an agreement as to what the employee will be paid. This deadline is most […]

Making sense of the markets this week: January 18, 2021

These are two major players that also offer very attractive dividends at near 6% for TC Energy and Enbridge is above 7%. Their stock prices remained depressed. That’s good news for those seeking to build that dividend stream by way of reinvestments. But of course the stocks have not been strong contributors to total returns […]

Dada Group Partners Up With More Than 20 Supermarket Chains

Dada Group’s online retail platform JD Daojia (JDDJ) has signed partnership deals with more than 20 regional supermarket chains in China in a bid to expand its presence into lower-tiered markets. JDDJ has also strengthened existing partnerships with other leading retailers, including Walmart, the Chinese . JDDJ is one of China’s largest local on-demand retail platforms […]

Recovering from GIC sticker shock

Nor will matters improve any time soon. The Federal Reserve, Bank of Canada and other central banks have suggested interest rates will stay “lower for longer.” The Fed, in particular, has indicated rates are unlikely to rise for at least three years. This is classic “financial repression” and unfair to seniors who saved all their […]

Active Success: Investing Lessons from Odysseus

At the end of the Trojan War, Odysseus sets sail to return to his family, his wealth, and his kingdom on the Greek island of Ithaca. The journey should have taken 10 days. Instead, it took 10 years. Odysseus encounters unexpected challenges on his voyage home. He is captured by a goddess. He battles the […]

Myths of Private Equity Performance: Part IV

“Perhaps what cannot be wholly understood cannot wholly be destroyed.” — Anthony Burgess, Kingdom of the Wicked Three myths about the reliability, predictability, and resilience of private equity (PE) performance play a salient role in drawing investors to the asset class. To prove outperformance, however, PE returns are assessed relative to those of other asset […]

Big Lots Sinks 8.7% On Weaker-Than-Expected 4Q Profit

Shares of Big Lots plunged 8.7% in Wednesday’s pre-market session after the retailer forecasted 4Q earnings that were below analysts’ expectations. The company expects to report 4Q results on February 25. Big Lots (BIG) estimates 4Q earnings to generate between $2.40-$2.50 per share, lagging analysts’ expectations of $3.02 per share. However, the 4Q profit range […]

Financial priorities for the new year

Tax planning Lots of people received the Canada Emergency Response Benefit (CERB) in 2020, and there was no tax withheld on those payments. CERB is taxable income and recipients will get tax slips in February that will likely lead to either a lower tax refund than they received in previous years, or even tax owing […]

Gold $3,000? | CFA Institute Enterprising Investor

Gold is the world’s oldest store of value still in widespread use. Yet it is impossible to determine its intrinsic value. Why? Since gold doesn’t generate any income, it has no cash-flow stream to discount. In this respect, it is similar to sovereign debt in developed countries today. And just as gold was used to […]

Domtar Slips 5% On Personal Care Unit Sale Deal

Shares of Domtar Corp. fell 5.1% on Friday after the paper mill company announced the divestiture of its personal care business to private-equity firm American Industrial Partners for $920 million. Domtar (UFS) said that it expects the deal to be completed by the end of the first quarter. Meanwhile, the sale proceeds will be used […]