Author Archives: Loknath Das

Hopes and pitfalls of council business deals

To add to Peter Wilby’s excellent article (The councils turning to risky business, 7 March), the idea of public service is being swept away as local authorities seek to fill the huge gap in income created by the Tory government’s move to abolish central funding by 2020. Many authorities are trading away from their home turf; but the setting up ... Read More »

TD Bank under pressure over sales tactics claims

TD Bank Group, Canada’s biggest bank by deposits, is battling to contain damage from a potential sales scandal after a TV show claimed employees regularly broke laws for fear of being fired. Shares in the bank dropped more than 5 per cent on Friday — the most in more than eight years — after reports by the Canadian Broadcasting Corporation accused TD ... Read More »

3 Tech Stocks to Buy in March

Stock indexes are rallying into the new month, but that doesn’t mean there aren’t still a few good deals available for long-term investors. We asked three Motley Fool contributors for their favorite picks in this pricey market, and they offered LG Display (NYSE:LPL), Activision Blizzard (NASDAQ:ATVI), and Pandora (NYSE:P). Read on to find out why these stocks could make compelling buys right ... Read More »

Canada’s banks set up fund to finance small businesses

* Ex CPPIB boss Wiseman says fund can be catalyst for growth * Fund worth C$500 mln initially, could rise to C$1 bln * Similar UK fund has proved successful * Fund will take minority stakes and invest over long-term * Pension funds could also invest -CIBC CEO (Adds comments from former CPPIB CEO Mark Wiseman) By Matt Scuffham and ... Read More »

Famed Investor Predicts Historic Market Drop

The market may be due for a harsh correction. That’s the view of John Hussman, president of the mutual fund Hussman Investment Trust, seasoned investor, and Stanford University economics PhD. Hussman says you can expect the S&P 500 to return no more than 1% on average over the next decade. Sooner than that, he predicts, the stock market may plunge ... Read More »

Is timing right for stocks to suffer a 5% drop?

See what could jeopardize the second-longest bull market in Wall Street history. USA TODAY NETWORK A stock market pullback, or a drop of 5% or more, to be more precise. At least that’s what Wall Street skeptics keep saying as stocks take a breather. It’s hard to call Monday’s 0.33% slide for the Standard & Poor’s 500, which pushed the ... Read More »

If the US economy is going to grow faster, the US budget deficit has to rise: Strategist

Need policy action for markets to get to next level: Pro  Tuesday, 21 Feb 2017 | 6:07 AM ET | 02:18 The U.S. economy cannot grow faster without its budget deficit rising, either through increased spending or lower taxes, according to one investment strategist. But getting there won’t be politically easy. The “fiscal deficit has to widen. If it doesn’t widen, ... Read More »

Banks are about to get a huge cash windfall thanks to Trump

Changes in banking regulations could result in a big windfall for the industry, much of which would make its way into investors’ pockets, according to a Goldman Sachs analysis. In a best-case scenario, slashed regulations would result in as much as $218 billion in excess capital which “could either be returned to shareholders or reinvested in the business,” Goldman said ... Read More »

71 Percent of Hispanic Entrepreneurs Expect Revenue Increase

After a good end to 2016, a new study has revealed Hispanic small business owners are excited about their prospects this year. According to the inaugural Bank of America 2017 Hispanic Small Business Owner Spotlight (PDF), 71 percent of Hispanic entrepreneurs expect their revenues to increase. That’s 20 percentage points higher than that of non-Hispanic entrepreneurs (51 percent). In addition, ... Read More »

20 Things Your Business Still Doesn’t Get About Hyperlocal Marketing

Surefire Social is rebranding and becoming Surefire Local, a marketing technology platform with a strong focus on hyperlocal marketing. In addition, the company has acquired Atlanta-based Promio to strengthen its offering. The company isn’t totally changing its direction though. Surefire Social already provided a number of different marketing services that could benefit local businesses, including those with a storefront and ... Read More »