
If You Had Bought Biogen's (NASDAQ:BIIB) Shares Three Years Ago You Would Be Down 24%
Many investors define successful investing as beating the market average over the long term. But in any portfolio… …read more […]
Many investors define successful investing as beating the market average over the long term. But in any portfolio… …read more […]
There’s been a notable change in appetite for Baudax Bio, Inc. (NASDAQ:BXRX) shares in the week since its… …read more […]
Shareholders in BioNTech SE (NASDAQ:BNTX) may be thrilled to learn that the analysts have just delivered a major… …read more […]
Athersys, Inc. (NASDAQ:ATHX) missed earnings with its latest quarterly results, disappointing overly-optimistic… …read more […]
(Bloomberg) — China’s clampdown on internet and fintech giants has pummeled shares of Alibaba Group Holding Ltd., erasing $165 billion of market value and prompting some investors to reassess their holdings.After a 19% plunge from record highs at the end of October, including a nearly 10% drop on Wednesday in Hong Kong, here’s what five investors are doing with their positions in the crown jewel of Jack Ma’s business empire:Octahedron Capital ManagementThe San Francisco-based hedge fund increased its stake after shares tumbled earlier this month on the suspension of Ant Group Co.’s initial public offering. Alibaba owns a third of …read more […]
(Bloomberg) — Stocks rose in Europe and Asia on Wednesday as investors continued a rotation into cyclical industries at the expense of technology shares. Crude oil rose.Gains in travel, energy and consumer stocks pulled the Stoxx Europe 600 Index higher at the open. Tech shares underperformed, including Dutch Internet provider Prosus NV.Equities in Japan, Korea and Australia climbed more than 1%, but a technology selloff in China deepened following Beijing’s crackdown on the Internet industry.The picture was brighter for U.S. shares. Nasdaq 100 futures edged higher along with contracts on the S&P 500, whose underlying benchmark pulled back from a …read more […]
(Bloomberg) — The news about Pfizer Inc. and BioNTech SE’s Covid-19 vaccine has spurred a speculative frenzy in a relatively niche corner of Asia’s stock market.In South Korea, freezer and cooling circulator maker Daihan Scientific Co. and deep freezer supplier IlShinbiobase Co. rallied further after surging as much as 30% on Tuesday. In Japan, kitchen refrigerator maker Hoshizaki Corp. has added almost 10% over the past two sessions, while peer Fukushima Galilei Co. rose the most intraday in more than two years on Wednesday. Over in India, Snowman Logistics Ltd. was up again after jumping as much as 15% on …read more […]
In this article we are going to estimate the intrinsic value of British American Tobacco p.l.c. (LON:BATS) by taking… …read more […]
Ray Dalio, founder of Bridgewater Associates, expressed support on Wednesday for China’s abrupt decision to suspend Ant Group’s record $37 billion listing, citing the need to curb risks from financial innovation. At the same time, Dalio, who calls himself a “chronic bull on China”, also told an online conference that not investing in the rising Asian power is “very risky”. …read more […]
Aurora Cannabis Inc (NYSE: ACB) shares plunged in the after-hours session Tuesday as the company announced plans for a $125 million public offering.What Happened: Aurora plans to price each unit of the fresh issue at $7.50, which will consist of one common share of the company and one-half portion of a share purchase warrant. A whole warrant will entitle the holder to buy one common stock at an exercise price of $9 per warrant share. These warrants would have a maturity period of 40 months from the date of offer close.The company is yet to receive the approvals from the …read more […]
The regulations suggest increasing unease in Beijing with the growing influence of digital platforms. …read more […]
(Bloomberg) — Chinese technology giants from Alibaba Group Holding Ltd. to Tencent Holdings Ltd shed almost $260 billion of market value over two days of frantic selling, as investors scrambled to assess the fallout from Beijing’s broadest attempt to rein in its most powerful private-sector firms.Technology shares tumbled for a second day after Beijing issued regulations designed to curb the growing influence of internet-sector leaders including JD.com Inc., Meituan and Xiaomi Corp. The Hang Seng Tech Index slumped 5.6% on Wednesday in Hong Kong, taking its two-day loss to 10% as of midday. Shares in the quintet of firms have …read more […]
(Bloomberg) — Barely 48 hours after President-elect Joe Biden pledged to “make America respected around the world again,” the European Union was among the first in line to remind him that trans-Atlantic trade relations might be a good place to start.Brussels on Monday agreed to put new tariffs on $4 billion worth of U.S. imports, a move taken with the blessing of the World Trade Organization after the EU won a case in Geneva against illegal subsidies to Boeing Co. It was a counter-punch after the U.S., in a parallel filing against Airbus SE, was allowed to impose tariffs on …read more […]
(Bloomberg) — Chinese technology shares tumbled for a second day after Beijing clamped down on the internet industry, wiping out more than $200 billion of value.The Hang Seng Tech Index slumped 5.3% on Wednesday in Hong Kong, taking its two-day loss to almost 10%. Shares of Alibaba Group Holding Ltd., Tencent Holdings Ltd., JD.com Inc., Meituan and Xiaomi Corp. sank at least 8% over two days after the Communist Party unveiled regulations to root out monopolistic practices in the internet industry.Tech is the latest sector to be targeted by Beijing after new curbs on financial firms that triggered the shock …read more […]
(Bloomberg) — Xi Jinping’s Communist Party stepped up efforts to rein in some of China’s most powerful companies, jolting investors and dealing a blow to the country’s richest entrepreneurs.Beijing on Tuesday unveiled regulations to root out monopolistic practices in the internet industry, seeking to curtail the growing influence of corporations like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. The rules, which sent both stocks tumbling over two frenetic days and sparked a wider selloff in Chinese equities, landed about a week after new restrictions on the finance sector triggered the shock suspension of Ant Group Co.’s $35 billion initial …read more […]
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