Just like the 1980s video game Pac-Man, corporations look set to start gobbling up each other this year.
If that happens, and it looks likely to do so, then the stock market should rally. That's because greater numbers of mergers and more acquisitions tend to go hand in hand with gains in the major stock indices, such as the Standard & Poor's 500 index. In short, more deals equal higher stock prices. Read more here.
It's normally this time of year that first year undergraduates start to realize that their finances are a mess. At least that's when it dawned on me when I was at college.
Author Kingsley Amis nailed the sentiment when he wrote: "[...] he [Jim] must review his financial situation, see if he could somehow restore it from complete impossibility to its usual level of merely imminent disaster." That was from Amis' superb novel, Lucky Jim.
Yes, right now many students may feel just like the protagonist of that novel right now -- totally skint, or broke.
The problem has long been simple. We spend a lot of time insisting that students learn algebra and punctuation. But we spend close to zero time teaching basic personal finance.
By SIMON CONSTABLE Britain's historic vote last June to leave the European Union marks the beginning of the end for the European Union. It will be a change as monumental as the end of the Soviet Union a quarter century ago. The parallels are eerie. Read more here.
Will 2017 bring investors good returns? History indicates that's likely, but as with all things related to the stock market, nothing is a certainty.
In the first place, a new U.S. president will take office, which generally signals gains for the S&P 500 and the exchange-traded fund that tracks it, the SPDR S&P 500. Read more here.
Back in the 19th century some American scoundrels mounted a vast fraud on "The Old Lady of Threadneedle Street," as the Bank of England is known. They passed off millions of dollars of fake financial instruments as real to the country's central bank. The rough equivalent now would be to successfully pull off an enormous financial heist on the Federal Reserve. The period in which this happened was also one of great financial innovation and that matter should be notable to investors now. Nicolas Booth ably recounts the tale in his recently published book, Thieves Of Threadneedle Street. Read more here.