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
China’s super-rich brace for tax raid on $24-trillion wealth pile
A woman on board a luxury yacht in China.Joannes Eisele/AFP China’s plan to cut taxes in 2019 for the masses has the nation’s super-rich running for cover on concern the government will make up the shortfall by going after the wealthy. Changes to the tax regime as of Jan. 1 mean authorities will be paying…
Funds
‘There’s a lot of stuff to worry about’: Plenty of fear on the horizon at Post’s annual outlook luncheon
Postmedia CEO Paul Godfrey speaks at the Outlook 2019 luncheon.Mike Hagarty for National Post A panel of Canadian pundits and financial experts assembled for the National Post and the Canadian Club’s annual outlook luncheon in Toronto on Tuesday to give their forecasts for what the year ahead has in store. For the most part, fear…
Bonds
Outstanding CEO of the Year: Sun Life Financial’s Dean Connor almost makes insurance sound cool
Dean Connor has been CEO of Sun Life Financial for over six years. Peter J. Thompson/National Post Dean Connor may never have imagined that he would be leading an insurance company at this or any other stage in his career, but he’s certainly made the most of his six-plus years as CEO of Sun Life…
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…