Investing and Global Finance News

Category Archives: Economy

Top Performing Businesses

Three recent top performing businesses nationwide that will be reviewed in this article include: Newmont Mining Corporation, the Commercial Bank of California and Immunovaccine.

The Sustainability Yearbook 2018  (published by RobecoSAM) recently recognized the Newmont Mining Corporation for top level performance in the mining sector.  This is the fourth consecutive year the corporation has been ranked by RobecoSAM (which determines the Dow Jones Sustainability World Index’s composition) for such excellence.

The net income report for 2017 of the Commercial Bank of California showed a 44 percent increase from 2016.  The figure for this year – $4,329,000 was substantially higher than the $3,004,000 2016 figure.  Total net interest income also increased over the last year by 16 percent from $25.9 million to $30.0 million between 2016 and 2017.  According to President and CEO of Commercial Bank of California Ash Patel:

“2017 represented another year of achievement for Commercial Bank of California.  The strengthening of our performance continued in 2017, as we recorded a significant increase in profitability and solid growth in our balance sheet.”

Meanwhile Immunovaccine investors have also had cause for celebration. Apart from the firm being ranked among OTCQX Best Market’s top 10 best performing companies (no. 6) the return to investors the company achieved was 274%.  It also comes in the top place for biotechnology companies on that list.  Within its clinical program, R&D, finances and operations, it has made substantial progress in 2017.

Global Economy: Soundbites

According to recent notifications from the IMF, 3.9 percent of growth is anticipated for 2018 and further increase next year, putting the numbers at the “quickest expansion since 2011.”  At least half of this escalation is due to changes that were approved at the end of last year to America’s tax code.    This US economy… Continue Reading

Warren Buffett’s Berkshire Hathaway Wird Bank of America’s Größter Anteilseigner

Warren Buffett hat 700 Millionen Anteile an der Bank of America zu einem signifikant reduzierten Preis gekauft, und mehr als $11 Milliarden dazugewonnen. Der Schritt folgt seiner Investition von $5 Milliarden in 2011 als die Bank am Schwanken war, welche ihm die Option gab, Anteile zum reduzierten Preis bis 2021 zu kaufen. “Ich bin sehr… Continue Reading

Warren Buffett’s Berkshire Hathaway Becomes Bank of America’s Largest Shareholder

Warren Buffett has bought 700 million shares of Bank of America at a significantly reduced price, gaining more than $11 billion. The move comes after his $5 billion investment in 2011 when the bank was floundering, which left him with the option to purchase discounted shares by 2021. “I am impressed with the profit-generating abilities… Continue Reading

Connecticut and the Changes for Corporate Taxpayers

Changes are being implemented in rules for Connecticut’s corporate taxpayers.  Earlier this year, on April 18, a Special Notice 2017(1) was issued by the Connecticut Department of Revenue Service (DRS).  This is applicable to both individual and corporate taxpayers. These changes are not so simple to understand.  It is thus advisable for taxpayers to employ… Continue Reading

Insurers Grapple with Economic Costs of Cyber Attacks

Lloyd’s of London partnered with risk-modeling firm Cyence to publish a report examining the potential economic losses which would be incurred from a major hack of a cloud service provider or a cyber-attack on computer operating systems which are used by business across the planet. The report estimated that a major, global cyber-attack could result… Continue Reading

World’s Largest Private Equity Fund Investing in Technology

Softbank Vision Fund, the world’s largest private equity fund, recently said that it has raised over $93 billion to invest in technology. As they said in a statement, “The next stage of the Information Revolution is under way, and building the businesses that will make this possible will require unprecedented large-scale, long-term investment.” The fund… Continue Reading

Economy Dragging in Q1 2017

First Quarter figures are in, and they are not pretty. The country’s GDP grew at a three-year low rate of only 0.7 percent during the first three months of 2017, the slowest growth since January-March 2014. The news of the poor economic performance comes in stark contrast to the great expectations held by newly elected… Continue Reading