Author: IA PressRoom

Graph Insider trading on green finance background with line, chart, city. Downtrend and uptrendgetty We contrarians like to follow the insiders. Those “in the know” who buy and sell their own stocks based on value. These “smart money” types fade sentiment. Insiders tend to buy low and sell high. And, to be honest, we really don’t care when they sell. Maybe they were short of cash for a new yacht! Or a vacation home. Or a private jet. You get the idea. More importantly, these insiders only buy for one reason, and one reason alone: They believe their stocks are…

Asking prices for UK homes flatlined in the past month as a “disorderly” mortgage market and rising borrowing costs dented confidence in the property sales. New sellers listed their homes for £372,812 on average in the four weeks to June 10, £82 less than in the previous month, representing a marginal fallback after five months of growth, according to data from property website Rightmove. Asking prices, a leading indicator of sellers’ and agents’ confidence in the housing market, had been rising since the beginning of the year as the property sector recovered from the market turmoil unleashed by autumn’s tax-cutting “mini” Budget. The…

Jefferies analyst Suneet Kamath has re-opened a trading pair of Hold-rated MetLife (NYSE:MET) over Underperform-rated Prudential Financial (NYSE:PRU). Gaps in both valuation and year-to-date relative performance of the two stocks appear unwarranted based on underlying fundamentals, Kamath said in a note to clients. Year-to-date, MetLife (MET) shares have dropped 24%, while Prudential’s (PRU) have slipped 13%. While MetLife (MET) has more exposure to CMLs, particularly in office, “we view its stronger excess capital position as a meaningful offset,” the analyst said. Jefferies also expects MetLife to benefit more when sentiment improves to the extent that economic concerns begin to decline.…

The New York Times reported Taliban government officials increasingly use WhatsApp to communicate. Sanctions restricting US businesses from aiding the Taliban have existed for more than two decades. WhatsApp owner Meta is engaged in an uphill battle to block the accounts in order to comply.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Since their takeover of Afghanistan in 2021, Taliban government officials are increasingly turning to WhatsApp to communicate, relying on the encrypted messaging app for everything from identifying raid targets to sending…

Italian prime minister Giorgia Meloni addresses a press conference. Her government has invoked national security concerns about Sinochem’s investment in Pirelli © Martin Divisek/EPA-EFE/Shutterstock Italy has stripped China’s Sinochem of its influence as the largest shareholder in Pirelli, removing its right to appoint the chief executive or set the tyremaker’s strategy in response to worries about interference by the Chinese state. Italian prime minister Giorgia Meloni’s government has invoked national security concerns about the potential for misuse of Pirelli’s chip technology, as well as Chinese Communist party interference, to justify the new restrictions on Sinochem, which owns a 37 per…

© Reuters. FILE PHOTO: Ford Motor Company Chief Executive Bill Ford announces Ford will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan U.S., Februar (Reuters) – Ford Motor (NYSE:) Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. “They developed very quickly, and they developed them in large scale. And now they’re exporting them,” Ford told CNN’s ‘Fareed Zakaria GPS’ Sunday program. “They’re not here but they’ll come here we think, at some…

SVB Financial Group said Sunday it has reached an agreement to sell its investment banking division to a group led by the unit’s chief executive, Jeff Leerink, and backed by The Baupost Group. In a statement Sunday, SVB Financial said Leerick’s group was the top bidder for SVB Securities. A price was not disclosed. SVB Securities will be rebranded and continue to focus on healthcare-industry investments. “The management team and I are excited to return to our heritage of owning and leading the premier healthcare investment bank and relaunching the business under the trusted Leerink Partners brand,” Leerink said in…

A personal letter of instruction to loved ones, children, trustees, agents and others is a critical … [+] step in your estate plan. Take the time to write a personal note to key people providing guidance, wisdom, and a roadmap to what they might need to do.getty You’ve completed all the estate planning documents your lawyer recommended, do you really need to take another step? Yep! A letter of instruction can be an invaluable part of your estate plan. No matter how wealthy you are (or are not yet!) and no matter your family situation, there is vital information that…

The UK’s Financial Conduct Authority has restricted the movement of cash and assets from Odey Asset Management in a bid to restore order at the hedge fund after its founder Crispin Odey was ousted over allegations of sexual impropriety.The FCA will publish details on Monday of voluntary restrictions agreed with Odey Asset Management, two people familiar with the situation told the Financial Times. The restrictions, which have also been agreed by an associated firm, Odey Wealth Management, will require both to conserve cash and assets for the normal running of their businesses.One of the people said the FCA would require…

© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market trading will be lighter than usual on Monday with no major regional economic data scheduled and U.S. markets closed, leaving investors to gear up for the first major event of the week on Tuesday – China’s interest rate decision. The People’s Bank of China is…