Must-know: Argentina defaults for the second time in 13 years
A sovereign default is the failure of a government of a sovereign nation to pay back its debt in full—a sovereign default occurs when the government formally declares its inability to pay or only partially pay its debts.
A few weeks back, Apple and IBM entered into a partnership in which IBM would be able to analyze the data collected from Apple’s devices. The purpose of the partnership is to create 100 mobile apps specifically for enterprise customers.
Sector ETF Analysis
Schlumberger released its financial information for the 2Q14 on July 17, 2014. The company recorded total revenues of $12.1 billion for 2Q14—up 7.8% from $11.2 billion recorded in 2Q13.
JetBlue Airways Corporation is the fifth largest passenger carrier in the U.S. based on revenue passenger miles.
Pulte operates in 58 distinct markets throughout 28 states—the company has a large geographic footprint—much larger than most of the other builders.
The earnings of U.S. companies have outperformed analyst estimates this year for ~80% of the companies reporting earnings this season—according to estimates by Bloomberg, profits increased 8.2% in the second quarter and sales increased by 3.5%.
Iron ore accounts for bulk of the Cliffs’ production and earnings—in the 2Q14, iron ore contributed to 84% of total sales value, the rest being coal sales.
Macro ETF Analysis
From the Ukrainian Prime Minister quitting, to the plight of Russian billionaires as funds take flight from Russia amid the deteriorating investment climate, this series offers you a complete overview of the economic, social, political, and financial conditions prevailing in Russia.
From TIPS to “phantom income” to varying distributions — Matt Tucker is here to explain what they are and how they are related.
The low bond yields have pushed the investors to add riskier bonds which give higher yields like the SPDR Barclays Capital High Yield Bond ETF (JNK) and the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) to their portfolio in order to strengthen their incomes.
Income ETF Analysis
American Capital Agency (AGNC) is a diversified agency mortgage REIT that invests all across the agency mortgage-backed security (MBS) space.
The assets from the latest deal are expected to add ~110,000 horsepower to the EXLP’s existing capacity.