Month: August 2020

What happened: Jack Ma’s Ant Group Ant Group intends to file for dual listings in Hong Kong and Shanghai targeting a valuation of about $225 billion, a Bloomberg report said.Ant Group is Alibaba Group Holding Ltd – ADR’s (NYSE: BABA) fintech arm and one of China’s dominant mobile payments company and it intends to pull off one of the largest IPOs in recent history.Why It’s Important: Ant Group is said to be one of the prized assets for the Alibaba founder. It reportedly made $1.3 billion in profit in the March quarter. The group has a huge subscriber base as …read more […]

The U.S. response to the coronavirus pandemic has led to domestic travel confusion and countries across the world limiting American tourists. …read more […]

* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This past week’s bullish calls included automaker and retail giants. * Fast food and semiconductor stocks were among the bearish calls.The stock market returned to record highs last week as a remarkably strong earnings season began to wrap up, and it saw its first trillion market cap. Yet the S&P 500 and the Dow Jones industrials ended the week only fractionally higher, while the Nasdaq fared a little better.The week brought some good news for aerospace and industrial giants, as …read more […]

The tale of Trump University is instructive to problems arising from purported educational institutions operating primarily for financial gain. …read more […]

Tesla stock (TSLA) is still soaring today even though registrations for its vehicles made in China plunged in July. It seems a price target increase from an analyst and a five-for-one stock split are boosting investor euphoria to the point that bad news from China doesn’t even matter. China registrations don’t weigh on Tesla stock Bloomberg reported […] …read more […]

​Google (GOOGL) just made a statement. On August 3, Google announced that it’s investing $450 million in home security company ADT Corp (ADT). The investment will give Google a 6.6% stake in the company. You might be wondering why the tech giant wants anything to do with ADT. Simple. Google’s asserting its dominance in one of today’s biggest […] …read more […]

How far would you go to protect your retirement savings?
As the old Wall Street adage goes, “It’s not what you make, it’s what you keep” – and what you keep could be the main factor in deciding your quality of life in your golden years.
But while the saying is often used to describe taxes, there are more threats to your retirement…

Recently, rock-bottom interest rates have left fans of Treasurys crestfallen. And inflation threatens to take a bigger bite out of our savings each year…
And due to the economic slowdowns that came from COVID-19, many companies have suspended or cut their …read more […]

Known as the Oracle of Boston, Seth Andrew Klarman is the manager of the Baupost Group hedge fund. The Baupost Group was founded in 1982 by Harvard professors Bill Poorvu and his partners. Seth Klarman had recently graduated from the Harvard Business School when he was requested to manage this fund. The Baupost Group started […] …read more […]

Oil producers shut 13% of offshore crude oil production by Saturday in the U.S.-regulated northern Gulf of Mexico as tropical storms Laura and Marco were forecast to cross the region next week, the U.S. government said. Royal Dutch Shell Plc said it began shutting down production at most of its offshore operations on Saturday, joining energy majors BP Plc and Chevron Corp , which began shutdowns on Friday. In addition to the 240,785 barrels per day (bpd) in oil production shut in as energy companies were evacuating workers, 4.39%, or 119 million cubic feet per day …read more […]

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If you want to know who really controls Chevron Corporation (NYSE:CVX), then you’ll have to look at the makeup of its… …read more […]

David Iben put it well when he said, ‘Volatility is not a risk we care about. What we care about is avoiding the… …read more […]

Readers hoping to buy The Kraft Heinz Company (NASDAQ:KHC) for its dividend will need to make their move shortly, as… …read more […]

The U.S. government has allocated more than $11 billion to pharmaceutical companies to accelerate the discovery and production of a coronavirus vaccine — and it’s money well spent, Harvard University vaccine researcher Dr. Dan Barouch told Yahoo Finance in a recent interview. …read more […]

Although a number of public health and philanthropies are also involved in the high-stakes race, governments are a linchpin in the far-reaching research and development efforts. …read more […]