Author: Journalist
If you buy and hold a stock for many years, you’d hope to be making a profit. But more than that, you probably want to see it rise more than the market average. But First Western Financial, Inc. (NASDAQ:MYFW) has fallen short of that second goal, with a share price rise of 31% over five years, which is below the market return. Some buyers are laughing, though, with an increase of 26% in the last year. So let’s assess the underlying fundamentals over the last 5 years and see if they’ve moved in lock-step with shareholder returns. Check out our…
Ant Group, China’s biggest operator of mobile payment systems, is promoting its finance chief Cyril Han Xinyi to the CEO post from next year to freshen its top management and drive the next phase of growth after more than 20 years in business. Han, the group’s current president and chief financial officer, will take over from Eric Jing Xiandong from March 1 with the responsibility for all business segments and daily management, according to a December 8 email to employees seen by the Post. Jing will remain as the group chairman. “In the decade since he joined Alipay in 2014,…
(Bloomberg) — Asian stocks started the week with a cautious tone, as investors grappled with South Korea’s political upheaval and awaited fresh stimulus from China. Oil was steady after the Syrian government was toppled. Most Read from Bloomberg Korea’s equity benchmark dropped as much as 1.8% in opening trade, with Australian shares also slipping. Japanese stocks were flat. Futures pointed to a soft open in Hong Kong. The dollar and the yield on 10-year Treasuries were steady. Investors are readying themselves this week for a final flurry of central bank decisions across four continents, a key meeting of Chinese officials…
00:00 Speaker A Yes, right now, we’re seeing oil a little changed, a little above $67 a barrel. This has been something, uh, that is the slide in oil prices has been a big help for consumers. There’s an OPEC meeting this weekend. What should we be watching? 00:19 Speaker B Yeah, and OPEC could definitely increase its output by another 411,000 barrels per day. This would be the fourth month in a row that they do this. Look, Wall Street is basically saying that we may have already seen the highs of oil this year. Um, JP Morgan expects…
Earlier this year, the U.S. Securities and Exchange Commission adopted rules requiring public companies to disclose climate-related risks so investors can make informed decisions about them; meanwhile, more than a dozen states have gone in the opposite direction, arguing that public pension funds should only consider financial returns and passing legislation that seeks to prevent funds from boycotting fossil fuel investments or from making decisions based on ESG—environmental, social, and governance—factors. A new study co-authored by Yale School of Management Professor Edward Watts—which was cited in the footnotes of the new SEC rules—offers something for both sides of the argument.…