Apple’s diversification Apple, the technology conglomerate which was founded in 1976 by Steve Jobs and went public in 1980 is now the world's largest company (by market cap). Apple’s market capitalization is $2.628 trillion, almost $500 billion larger than the second-largest company in the world, Microsoft. So just how much bigger is Apple relative to other companies?
April 20, 2023 Daily Market Commentary Canadian Headlines Sumitomo Metal Mining says it will vote in favor of Teck Resources’s plan to split its businesses at the Canadian company’s annual shareholder’s meeting on April 26 amid a takeover proposal from Glencore. Says it “confirms its continuous support for Teck’s plan” to split its base metal and steelmaking [...]
April 19, 2023 Daily Market Commentary Canadian Headlines Glencore Plc said it’s willing to raise its bid for Teck Resources Ltd. in the latest attempt to sway shareholders and pressure Teck’s board, with just one week to go before a pivotal vote on the Canadian miner’s future. The companies have spent the past few weeks in a bruising [...]
April 18, 2023 Daily Market Commentary Canadian Headlines George Weston Limited and Loblaw Companies Limited jointly announced today the appointment of Mr. Per Bank as President and Chief Executive Officer of Loblaw. Mr. Bank will formally join the company by Q1 2024. The appointment follows a global talent search initiated in August 2022 in anticipation [...]
April 17, 2023 Daily Market Commentary Canadian Headlines Teck Resources Ltd.’s controlling shareholder has given his clearest indication yet that the company will be up for sale, but only if investors throw their support behind a plan to split the Canadian miner in half. Norman Keevil, the 85-year-old magnate who controls Teck through “supervoting” Class [...]
April 14, 2023 Daily Market Commentary Canadian Headlines Global finance chiefs, gathering in Washington little more than a year after the shock Russian invasion of Ukraine, are drawing sharply different conclusions about the biggest risks to the outlook, in a split showcasing the rising role of geopolitical struggles in the world economy. The key takeaway among [...]
This weeks issue: Defense spending, Defense sector, Rare Earth Metals, Copper, Industrial Metals, EV metals, Renewable energy, Trade restrictions, Interest rates, Inflation, CPI, Energy prices, Warren Buffett, Berkshire Hathaway, Bitcoin, Japanese trading houses, Conglomerates, WeWork, Adam Neumann, Credit conditions, FED, FED Funds Rate, Jerome Powell, Fyre Festival, China, NATO.
April 13, 2023 Daily Market Commentary Canadian Headlines Royal Bank of Canada topped JPMorgan Chase & Co. last year to become the world’s largest backer of fossil-fuel companies, providing more fodder to critics who say the lender isn’t living up to its climate commitments. Royal Bank provided $42.1 billion of funding to the industry, up 4.2% from a [...]
MacNicol’s Quarterly Commentary - April 2023 With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snapshots of metrics, a section on behavioral investing, and finally an update on MacNicol & Associates Asset Management (MAAM). We hope you enjoy this information, and it allows you to [...]
April 12, 2023 Daily Market Commentary Canadian Headlines Brookfield Infrastructure Partners struck a deal to buy Triton International Ltd., the world’s largest owner of intermodal containers, for $4.7 billion. The takeover bid is for $85 a share, including $68.50 in cash, the companies said early Wednesday, and is expected to close in the fourth quarter. It’s a 35% [...]
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