Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Canada’s largest pension plan has almost half of all its assets invested in the US, sharply increasing its exposure despite pressure from government officials to invest more in its home market.The Canada Pension Plan Investment Board, which manages C$714bn ($516bn) pension assets for 22mn Canadians, said on Wednesday that 47 per cent of its portfolio was invested in the US at the end of March.That marked an increase from 42 per cent in 2024, when Canadian executives launched a campaign to force…
A covered call is an options trading strategy that involves an investor holding a long position in an underlying asset, such as a stock, while simultaneously writing (selling) call options on the same asset. This approach aims to generate additional income from the premiums received by selling the call options. This is particularly attractive in a flat or moderately bullish (optimistic) market where the underlying stock’s price isn’t expected to move significantly. The covered call strategy limits the investor’s upside potential because if the stock price rises above the strike price, the investor is obligated to sell their shares at…
The stock market’s selloff picked up steam on Wednesday, sending the Dow Jones Industrial Average to its steepest daily decline in a month. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Marsh McLennan, the world’s biggest insurance broker, has settled a high-profile lawsuit in which it was accused of fraudulent conduct in its work for failed financing firm Greensill Capital.US private debt firm White Oak had been seeking $143mn in damages from Marsh through a London High Court claim, alleging that the broker made “fraudulent misrepresentations” about insurance covering invoice-backed financial products that White Oak had bought from Greensill.Marsh has settled the claim for an undisclosed amount, the brokerage firm told the Financial…
Financial advisors face myriad difficulties each day. To succeed, they must combine the skills of asset managers, financial planners, psychologists, and marketers. While most advisors can wear some of these hats well, managing several roles is very difficult, especially if switching from one role to another during a single advising session. Stephanie McCullough, founder and a financial planner at Sofia Financial in Berwyn, Pennsylvania, said many challenges advisors face come from many misunderstanding their role in financial matters. “The general public is very confused, with good reason, about what we do and who we serve. They are not aware of…
Bitcoin has hit another record high. But it hasn’t brought other cryptocurrencies along for the ride. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe Pentagon has formally accepted a $400mn luxury jumbo jet gifted by Qatar that will be used as the US president’s plane, despite bipartisan concerns about ethics and security.Donald Trump wants the aircraft to be used as Air Force One while Boeing completes two new jets that have been long delayed, but the gift will need to be modified before it can fly the president.“The Secretary of Defense has accepted a Boeing 747 from Qatar in accordance with all federal…
Warren Buffett’s Omaha home, which he bought for just $31,500 in 1958, is now estimated to be worth as much as $1.5 million. That’s a nearly 45-fold increase, an impressive return by any standard, once again underscoring Buffett’s focus on value and investing for the long term. Key Takeaways Buffett’s Omaha home, bought for $31,500 in 1958, is now valued at up to $1.5 million.Buffett’s philosophy: buy a home only when it fits your needs and budget, not to impress others or chase trends.A 30-year fixed-rate mortgage and disciplined financial choices can help you build lasting wealth. The Story Behind…
The ChatGPT maker is acquiring io to build physical AI products beyond its on-screen applications — and sees possibilities beyond traditional hardware Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US industrials group Honeywell is close to securing a £1.8bn all-cash deal to buy the catalyst technologies arm of FTSE 250 chemicals company Johnson Matthey. The unit, which develops catalysts that improve the efficiency of chemical manufacturing processes, will be folded into Honeywell’s automation unit, according to people familiar with the matter. Analysts expect the business to generate nearly £613mn in revenues in the year to the end of March.The acquisition would be the latest in a series of takeovers in which…