Apple dropped to as low as US$144.51 in extended trading, trimming the value of Warren Buffett’s stake by about US$3 billion.AP Photo/Nati Harnik, File Warren Buffett has a questionable track record investing in technology companies. It’s only getting worse with Apple Inc., which had already lost more than US$350 billion in market value since October,…
Stock
Business & Finance
Toronto new home prices see biggest 12-month drop in more than two decades
Statistics Canada's price index for new Toronto homes fell 1.4 per cent in October from a year earlier, the most since September 1996.Cole Burston/Bloomberg Toronto new home prices fell at the fastest pace in more than two decades in October, further evidence that tighter mortgage lending has slowed a boom in Canada’s biggest city. Statistics…
Funds
Sears agrees to consider revised takeover bid, staving off liquidation for now
The iconic Sears could be heading into liquidation if its board rejects a bid by company chairman Eddie Lampert to keep the business running in its entirety.AP Photo/Seth Wenig NEW YORK — Sears Holdings Corp agreed on Tuesday to consider a revised takeover bid from Chairman Edward Lampert, temporarily staving off a liquidation that would…
Bonds
Yielding to pressure: Alternative investments may offer returns, but have risks, too
By Arthur Salzer Many Canadian investors are unhappy with their investment portfolio returns. Generational lows in interest rates combined with the Canadian resource-heavy market being one of the world’s worst performers during the past five years has made it challenging to produce the necessary returns to fund people’s current consumption patterns and expected retirement lifestyles.…
Commodities
Politics, culture and engagement are on the minds of corporate directors in 2019
Prime Minister Justin Trudeau. Almost half of Canadian directors asked in a survey stated they felt that Canadian political stability will worsen over the next 2-5 years.Sean Kilpatrick/The Canadian Press For corporate directors, the new year is never a case of “out with the old and in with the new.” Last year’s risks, liabilities and…
Currencies
Red Dead Redemption 2 review: An immersive and sympathetic tale of American outlaw life
Arthur Morgan is the grizzled but pensive antihero of Rockstar Games' hugely ambitious western opera Red Dead Redemption 2.Rockstar Games Score: 9.5/10 Platform: PlayStation 4 (reviewed), Xbox One Developer: Rockstar Studios Publisher: Rockstar Games Release Date: October 16, 2018 ESRB: M Red Dead Redemption 2 defies easy categorization. Rockstar Games’ ravenously anticipated follow-up to its beloved…