NEW YORK, March 07, 2017 (GLOBE NEWSWIRE) — PHI Group, Inc. a U.S. public company focusing on acquisitions and investments in natural resources, other select industries and special situations(www.phiglobal.com) (OTCMarkets: PHIL), announced today that it has signed a definitive investment agreement with Azure Capital (the “Investor”) for a $10 million equity line facility to fund working capital and potential acquisition needs. According to the Investment Agreement and the Registration Rights Agreement, the Investor will commit to purchase up to $10,000,000 of the Company’s stock over the course of 36 months, after a registratio...
The shares of Salesforce (CRM) are rising after the company unveiled a “global strategic partnership” with IBM (IBM) for the development of artificial intelligence products. NEWS: Salesforce and IBM last night announced that they would partner “to deliver joint solutions designed to leverage artificial intelligence.” IBM and Salesforce said they would begin the partnership by integrating their main artificial intelligence platforms, Watson and Einstein, respectively. The integration will “enable smarter, faster decisions across sales, service, marketing, commerce and more,” the companies stated. ANALYST REA...
Despite the “retail winter” that Amazon (AMZN) has wrought on the industry, investors remain interested in finding defensible niches in the business. One meme that has gained some momentum is around “brands that control their product, distribution, and destiny.” J. Jill (JILL) is a woman’s clothing brand that started out as a catalog business in 1959. It was acquired by Talbots in 2006 for $517M. Just three years later it was “unloaded” in a sale to private equity firm Golden Gate Capital for $75M. Reports suggested that J. Jill lost $76M in 2008. Since then JILL has posted some growth (CAGR of 10%...
On Monday, the market sold off slightly. The sell-off was either a continuation of the selling pressure caused by the market being overbought after the Trump-speech rally or because the stock market finally realized rate hikes are coming fast and furious this year. In my opinion, the market shouldn’t have rallied after Trump’s speech because it didn’t have many policy details. I said the idea that the market thinks uncertainty is now a positive is ludicrous. The speech wasn’t necessarily a negative because he didn’t say anything that was against business, but he also didn’t explain the details of his tax plan or his views on healt...
Written by Stocknews.com Amazon.com, Inc. (Nasdaq: AMZN) is most prominently known for its rapidly growing retail presence, but its Twitch video game broadcasting service is growing fast — and just rolled out a new feature that could disrupt Twitter Inc. (NYSE: TWTR) forever. Amazon acquired Twitch back in 2014 in a move that left a lot of non-gamers scratching their heads. Most of Main Street America — especially those over 40 years old — had never heard of Twitch and, those who had heard of the service which allows gamers to broadcast live video of them playing video games, probably didn’t think it was worth the $1 billion or so th...
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. In 2001 you could count the number of people in the world who believed we were starting a gold bull market on one hand even if you were missing fingers. Everyone hated gold, you couldn’t give it away. I on the other hand believed a major bull market was in the making. I wrote that piece while Barb and I were still running a Macintosh computer upgrade site. We didn’t start our 321gold website until two months later. One other guy I remember got it, named Dr. Keith Barron. He was just another ...
On Monday in “Was $13 Trillion Peak Negative?” I highlighted the following two charts … (BofAML) …on the way to suggesting that perhaps – just perhaps – the reflationary momentum that seemed to reassert itself late last summer and which was given a Pulp Fiction-style adrenaline shot to the chest following Donald Trump’s election, might mean that we’ve seen the peak in negative yielding debt. To be sure, French election risk has also contributed to a decline in sub-zero yields even as bunds pull in the opposite direction. Well on the heels of that, I thought readers might find the following chart of interest as it simply ans...
Something unprecedented happened last November when OPEC sat down in Vienna to hammer out the final terms of its oil production cut deal (which, incidentally, has yet to translate into a drop of all time high inventories): one day before the summit, the oil producing cartel – or rather Saudi Arabia – secretly invited hedge funds to sit in on the negotiations and provide OPEC, with input on what to do. However, news of the meeting leaked shortly thereafter, and was reported by the FT: “Saudi Arabia convened private talks with the world’s largest oil traders in Vienna before OPEC’s crunch meeting on whether to cut oil out...
Yuan Rates – China’s foreign reserves increased $6.92 billion in February from the previous month, the first rise in seven months. The February print also climbed above $3.0 trillion, a level considered to be psychological important, to $3.005 trillion. The offshore Yuan strengthened against the U.S. Dollar, with the USD/CNH falling 67 pips within the first four minutes following the release. USD/CNH 1-mintue Prepared by Renee Mu. The USD/CNH maintained a roughly inverse relationship with China’s foreign reserves. One on hand, Yuan’s devaluation may increase capital outflows, and thus, reduce foreign reserves; on the other hand,...
The S&P 500 is highly correlated to real wage growth and recent gains in the index may be anticipating faster wage growth under Donald Trump, that’s according to research from analysts at Jefferies. S&P 500 Is Getting Ready For Real Wage Growth According to Jefferies’s weekly chart update, when compared to returns of the S&P 500, real wage growth (average hourly earnings minus core CPI) seem to correlate well. However, figures show that although nominal wages have rebounded in the past year and a half, real wages have not which appears to suggest room to move higher for the index limited. That being said, past data also sho...