Author: News Room

What were some strong insider buys in Q1? We analyzed thousands of S-4 fillings to find companies that have experienced periods of unusually concentrated purchasing activity by their corporate insiders. We have attempted to emphasize companies that enjoyed buying across the board from multiple insiders, in quantities that were not recorded previously, often after a period of a selloff. In today’s article, we will center the focus of our analysis exclusively on large-cap stocks, but the series will be followed up with a first-quarter installment covering mid-caps and small-caps with a strong insider buying record. For this article, we defined…

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By David Lawder WASHINGTON (Reuters) – International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that 44 countries have expressed interest in borrowing from its $40 billion Resilience and Sustainability Trust after an initial five had arranged loans. The facility was created last year to help channel excess IMF Special Drawing Rights reserves from wealthier countries to poor and vulnerable middle-income countries to provide long-term concessional financing for needs such as climate change adaptation and transitioning to cleaner energy sources. Georgieva told a Bretton Woods Committee event at the start of IMF and World Bank spring meeting week…

By Gabriel Burin BUENOS AIRES (Reuters) – Colombia’s peso will likely stay weak on signs the central bank is turning to a wait-and-see approach on interest rates, combined with downside pressures from the currency’s mismatch against oil prices, a Reuters poll showed. The Andean nation’s currency is set to trade at 4,800 per U.S. dollar at end-June, 4.2% softer than 4,600 on Monday, according to the median estimate of 24 foreign exchange strategists polled March 31-April 4. The peso was one of the worst-performing currencies in the world last year, losing a fifth of its value as investors fretted about…

MEXICO CITY (Reuters) – Mexican authorities announced Monday a working group will investigate the impact of genetically modified (GM) corn imports on the country’s tortillas, a national staple typically made from cornflour, amid a trade dispute with the United States. The United States has requested trade consultations with Mexico after its government moved to restrict imports of GM corn, arguing it can contaminate Mexico’s ancient native varieties and have negative impacts on human health. The U.S., which says Mexico’s claims lack scientific backing, requested consultations under a chapter of the North American trade agreement on food security, which calls for…

© Reuters. FILE PHOTO: A screen displays the logo for Black Knight on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2022. REUTERS/Brendan McDermid WASHINGTON (Reuters) -The U.S. Federal Trade Commission opened a new front in its fight against the Intercontinental Exchange (NYSE:) deal to buy Black Knight (NYSE:) by asking a federal court for a preliminary injunction to halt the deal while its internal administrative process moves forward. The agency on March 9 said it would seek to stop New York Stock Exchange parent Intercontinental Exchange from acquiring mortgage data vendor…

Investors in the U.S. stock market will be closely watching Wednesday’s inflation report as it would be one of the last key data points before the Federal Reserve’s next interest-rate move.Employment data for March, released on Friday, indicated a resilient labor market, and was viewed as boosting the chances of another 25-basis-point rate hike next month.  The March CPI reading from the Bureau of Labor Statistics, which tracks changes in the prices paid by consumers for goods and services, is expected to show a 5.2% rise from a year earlier, slowing from a 6% year-over-year rise in the previous month,…

Tax Day is just around the corner — but it’s not too late to file for an extension if you need some extra time to prepare your return.  While Tuesday, April 18, is the tax filing deadline for most Americans this year, taxpayers who aren’t able to file by that date — such as those missing a key tax form, or anyone who just needs more time — can request a six-month extension. That means you’ll have until Oct. 16, 2023 to submit your 2022 federal income tax return.  Individual taxpayers, regardless of income, can use IRS Free File to…

Canadian pot producer Tilray Brands Inc. on Monday said it agreed to buy peer Hexo Corp. for $56 million in an all-stock deal — after years of losses, steep competition and stalled federal reform in the U.S. have weighed on the industry’s growth prospects.  With weed prices falling in Canada, Hexo’s HEXO, +30.16% wrangling with its own finances, a big quarterly loss from Tilray and other industry acquisitions that haven’t panned out, analysts asked management: “Why now?” “The Canadian market has to consolidate,” Tilray TLRY, +5.38% Chief Executive Irwin Simon said during the company’s third-quarter earnings call on Monday. He…