An Oklahoma judge on Monday found Johnson & Johnson liable for fueling an opioid epidemic in the state by deceptively marketing addictive painkillers, and ordered the drugmaker to pay $572.1 million.
President Donald Trump’s aggressive stance and often mixed signals in his trade war with China are taking a toll on the shares of U.S. companies that are most reliant on the world’s second largest economy.
Ferdinand Piech, Volkswagen AG’s former chairman and chief executive, who transformed the German carmaker from a regional manufacturer into a global automotive conglomerate, has passed away, German tabloid Bild said on Monday.
A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations.
An Oklahoma judge on Monday found Johnson & Johnson liable for fueling an opioid epidemic in the state by deceptively marketing painkillers, and ordered the drugmaker to pay damages of $572 million.
Warren Buffett turns 89 this Friday, and there’s been a lot of attention given to his recent performance.
But before getting into that…
With seed capital of around $10,000 in the mid-1950s, Buffett masterfully invested his way to a net worth of around $79 billion.
His technique is simple: He focuses on what he knows (namely financials, information technology and consumer staples) and then buys companies he believes have unique competitive advantages over the long term – and he holds them – sometimes “forever.”
Oh, and along the way, he collects massive dividends.
This year alone, Berkshire Hathaway stands to generate more than $4.6 billion …read more […]
A while back, I was reading an article about bond funds. The subhead read, “The trick next year will be to avoid losing money.”
The first sentence should have been “Don’t buy bond funds.”
What should the line after that have read?
“The end.”
The writer could have saved himself 700 words, taken the afternoon off and caught a matinee. Instead, he wasted readers’ time showing them how little they’d lose if they bought the “top bond funds” featured in the article.
Why are bond funds near-certain losers when bonds are so important to balancing a portfolio? It has to do with the mechanics of …read more […]
Ferdinand Piech, Volkswagen AG’s former chairman and chief executive, who transformed the German carmaker from a regional manufacturer into a global automotive conglomerate, has passed away, German tabloid Bild said on Monday.
U.S. stocks rose on Monday, following a sharp sell-off in the prior session, after U.S. President Donald Trump predicted a trade deal with China, cooling investor concerns after a ramp-up in rhetoric derailed markets last week.
A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations, restoring some equilibrium following signs of escalation in the U.S.-China trade dispute that had roiled markets earlier in the day.
Oil prices fell 1% on Monday on the outlook for increased supply of Iranian crude after France’s president lifted hopes for a deal between Washington and Tehran, but losses were limited by optimism surrounding a U.S.-China trade deal.
Since marijuana has yet to be federally legalized in the U.S., American investors often turn to Canada for their cannabis stock investments. The two biggest cannabis stocks by market cap – Canopy Growth Corp. and Aurora Cannabis – are Canadian. And many other major cannabis companies are headquartered there as well.
These companies are global in nature. But they rely on the Canadian market for substantial revenue. So that makes it imperative for investors to learn everything they can about cannabis in Canada, including Canadians’ consumption habits. That’s what today’s chart is all about.
Statistics Canada conducts a National Cannabis Survey every …read more […]
U.S. stocks rose on Monday, as major indexes bounced following a sharp sell-off in the prior session, as U.S. President Donald Trump forecast a trade deal with China and somewhat cooled investor concerns after a ramp up in combativeness derailed markets last week.
France and the United States have reached a deal to end a standoff over a French tax on big internet companies, French President Emmanuel Macron said on Monday.
France and the United States reached a deal to end a standoff over a French tax on big internet companies, though U.S. President Donald Trump declined to say whether his threat of a retaliatory wine tax was off the table as a result.
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