Fairfax Financial Holdings Ltd. has agreed to buy insurer Allied World Assurance Co. for US $4.9 billion in cash and stock. This will be Chief Executive Officer Prem Watsa’s largest purchase.
Fairfax will pay US $54 per share, which is 18 percent higher than Allied World’s closing price on Friday. For every share, Allied investors will receive...Read More
One of the most often paired currencies in the Forex World, the US Dollar (USD) and the Great British Pound Sterling (GBP) may once again be compared. After the key interest rates of the USA increased, and the USD's value along with that, there may be some potential for...Read More
Shopify (SHOP) has found a way to monetize starting a new business quickly and simply. Starting a business has become less expensive and more open through Shopify. The company helps those fledgling entrepreneurs find their way into the business world at an extremely low cost.Read More
Pairing the US Dollar (USD) with Chilean Peso (CLP) may present a trading opportunity where the USD may be able to gain, as traders around the world eagerly await the affirmation of their expectations of...Read More
The mass production of the self driving car will be a reality. Alphabet Inc. (GOOGL), still recognized by the name Google by the general public, has renamed its self-driving car project to Waymo. Waymo has become an independent entity within the technology giant. This new entity within GOOGL is now very close to bringing its autonomous driving technology to the public.
Although no deal has been formally announced, the move signals...Read More
The US Dollar is still steadily gaining value. This continuance of gains can be attributed to the price of oil futures gaining as well. We can also add in the strong possibility of a rate increase by the US Federal reserve of key interest rates. The U.S. Federal Reserve is expected to...Read More
Finisar Corporation (FNSR) gained seven percent in after-hours trading. That level surpassed the gain recorded at the end of the of trading day of six percent. FNSR Q2 reports beat analyst expectations and boosted FNSR's stock price. Finisar is a company that provides fiber optic solutions for the fiber channel, gigabit ethernet, and CATV markets. FNSR stock is up 135% on the year, with...Read More
While the European Union's wounds from Brexit, the Italian referendum, and banking policies are still open, the opportunity for the Malaysian Ringgit (MYR) to leverage an advantage over the European Euro (EUR) has the possibility of...Read More