Year: 2020

The suspension of Ant Group’s highly anticipated initial public offering took center stage in all Alibaba (BABA) related news last week. The Chinese e-commerce giant owns roughly one-third of the fintech company, which was expected to go public last Thursday. But things didn’t go as planned, as the Chinese regulators halted the $34.5 billion public debut – the largest IPO on record.While the IPO is expected to get the go ahead eventually, the unfolding drama made for an interesting backdrop to the release of Alibaba’s quarterly numbers.F2Q revenue increased by 30% year-over-year to 155 billion renminbi ($22.8 billion) and came …read more […]

Stock futures opened higher as optimism over a COVID-19 vaccine carried over into the overnight session, encouraging investors to keep snapping up risk assets. …read more […]

Any of the jets that the airline accepts from storage at Boeing would replace a similar number of the 249 planes that Southwest has already ordered, the report said, citing people familiar with the matter. Reuters had reported last month that Boeing was in talks with airlines including Delta Air Lines to take the so-called “white tails.” Boeing declined to comment on the report, while Southwest said it was working with the planemaker to refresh its order book. …read more […]

Nikola reported wider losses in the third-quarter, as company executives came under pressure to respond to questions about the legitimacy of its business. …read more […]

Beyond Meat plunged in extended trading Monday after reporting third-quarter results that badly missed Wall Street estimates. …read more […]

“Despite COVID-19, we are encouraged by the increases we are seeing in shopper traffic, retailer sales and tenant rent collections across our portfolio,” chairman, president and CEO David Simon said in a statement. …read more […]

(Bloomberg) — Eric Yuan is, in many ways, the poster child for the coronavirus economy.His Zoom Video Communications Inc. has hosted school lessons, family gatherings and business meetings for more than 300 million participants a day during the pandemic. The stock of the video conferencing site has soared more than 500% this year and Yuan, a Chinese-born immigrant to the U.S., was at one point worth $28.6 billion — the 40th wealthiest person on the planet.That remarkable surge took a hit Monday after Pfizer Inc. said the Covid-19 vaccine it’s developing with BioNTech SE prevented more than 90% of infections …read more […]

Stuart Kaiser, UBS Head of Equity Derivatives Research, joined Yahoo Finance Live to discuss today’s market action as investors digest the election results and COVID-19 vaccine news from Pfizer. …read more […]

(Bloomberg) — Home improvement retailer Lowe’s Cos. is in preliminary talks to buy building products distributor HD Supply Holdings Inc., according to people familiar with the matter.Talks are ongoing, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and discussions could fall through, the people said.It’s unclear whether HD Supply is talking to other suitors.Representatives for HD Supply and Lowe’s didn’t immediately respond to requests for comment.HD Supply rose 0.6% to close at $43.75 in New York on Monday, giving the company a market value of about $7.1 billion. …read more […]

Atlas Corp. * Revenue growth of 36. …read more […]

Apple is expected to launch its new line of Macs powered by its own ARM-based processors during an event on Tuesday. …read more […]

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Vuzix smart glasses revenues for the third quarter increased 156% year-over-year ROCHESTER, N., Nov. …read more […]

Dr. Anand Swaminathan, Emergency Medicine Physician in New Jersey joins Yahoo Finance’s Kristin Myers to break down the latest coronavirus developments as Pfizer reports its vaccine trial was 90% effective. …read more […]

Since time immemorial, investors have always sought an “information edge” to boost their returns.
For example, legendary investor Nathan Rothschild famously made a killing in the markets in 1815 when he received news before everyone else in London that Napoleon had been defeated at Waterloo.
That sort of thing is impossible today, of course.
The internet is the Great Democratizer when it comes to newsworthy information.
As soon as something important happens, everybody knows it… almost instantly.
You would think this would level the playing field so that everyone earns high returns.
Alas, that is hardly the case.
Instead, a small minority of us are enjoying almost …read more […]