Year: 2019

(Bloomberg Opinion) — After its $11.2 billion Hong Kong share sale, Alibaba Group Holding Ltd. will be sitting on $43 billion in cash. That sounds like a great problem to have. Only one publicly listed, non-financial company has more: Apple Inc., at $49 billion.Then you realize that management literally has more money than it knows what to do with. Chief Executive Officer Daniel Zhang and Maggie Wu, the chief financial officer, have three choices:Do nothing. Just sit on that cash in a low-interest-rate world. Spend it. On acquisitions and marketing; historically, this has depressed margins. Give it back. Dividends, maybe, …read more […]

Oil & gas companies with a diversified portfolio and a good dividend continue to be the backbone of many investment portfolio, but which are the best? …read more […]

Q2 2020 Ralph Lauren Corp Earnings Call …read more […]

Tesla Inc Chief Executive Elon Musk said on Saturday that there have been about 150,000 orders thus far for the electric carmaker’s Cybertruck, which was unveiled late on Thursday. “146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor”, Musk said in a tweet, adding separately that the orders were achieved without any advertising or paid endorsements. The overall look of the electric vehicle had worried Wall Street on Friday. …read more […]

“146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor”, Musk said in a tweet, adding separately that the orders were achieved without any advertising or paid endorsements. At the launch, Musk had taken aim at the design, power and durability of mainstream trucks, only to be shaken when the windows of Tesla’s new vehicle shattered while being tested. With a starting price of $39,900, the Cybertruck’s angular body in gun-metal gray resembles an armoured vehicle. …read more […]

This weekend’s Barron’s cover story takes a look at Pfizer Inc. (NYSE: PFE) as it seeks to take a new direction. Other featured articles consider whether the bull run on Wall Street may end next year, and a look at the prospect of a major merger in financial services. Also, a look at an effort to put a speed bump into the market to slow high-speed transactions. …read more […]

DuPont de Nemours, Simon Property Group, Expedia and Molson Coors Brewing present buying opportunities Continue reading… …read more […]

Insiders invest in Intel, Kinder Morgan, Keurig Dr Pepper and MGM Resorts International Continue reading… …read more […]

Swiss drugmaker Novartis AG is nearing an agreement to acquire U.S. biotechnology firm The Medicines Co for about $7 billion, the Wall Street Journal reported https://on.wsj.com/2qveZtj on Saturday. The deal, in which Novartis has agreed to pay $85 a share, could be announced this weekend, the Journal reported, citing people familiar with the matter. Novartis declined to comment. …read more […]

China is launching a new coal campaign, adding significantly more capacity to its already large arsenal …read more […]