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Jack Ma’s Ant Fuels Tech IPO Frenzy Not Seen Since Dotcom Bubble

(Bloomberg) — Ant Group’s potentially record-sized initial public offering could propel technology capital-raising in 2020 past the dizzying heights of the dotcom bubble, an extraordinary showing in a pandemic-stricken year fraught with geopolitical uncertainty.Jack Ma’s Chinese financial titan aims to raise at least $30 billion in Hong Kong and Shanghai in October, which could push global first-time share sales by tech firms well past $57 billion, according to data compiled by Bloomberg. That would be the highest since 1999, when tech companies raised $62 billion and famously ushered in a plethora of now-defunct internet outfits.After an initial pandemic-induced lull, corporate …read more […]

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Q&A With Alexander Green

At Liberty Through Wealth, we aim to provide valuable financial insight from top-notch investment experts. That means we often dig deep into the topics the mainstream media ignores… or gets wrong.
So on August 20, we decided to address some of the things the media isn’t telling you. In our Town Hall with Chief Investment Strategist Alexander Green, Alex answered questions directly from readers about a variety of investing topics.
One of the biggest takeaways?
Things aren’t quite as bad as the headlines would have you believe.

You can watch the full video here.
Read on for some of the highlights…
Question: How can investors maintain …read more […]

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Musk Says It Will Be Possible For Owners To Telepathically Summon Their Tesla With Neuralink Implant

If it’s raining and you want your car to come to pick you up, Tesla Inc. (NASDAQ: TSLA) lets you do that. Owners can pull out their phones, press a button, and their car can drive itself to the owner’s location.Tesla calls this Smart Summon, but in the future, Tesla owners may be able to ditch the phone, and “think” their car to themselves.While giving a presentation for Neuralink, a brain implant research company, CEO Elon Musk answered a question from Twitter. The person asked if, with a Neuralink implant, a person would be able to summon their Tesla telepathically. …read more […]

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A Look At Berkshire Hathaway's Top 9 Holdings On Warren Buffett's 90th Birthday

Warren Buffett, the “Oracle of Omaha”, turns 90 today. The legendary investor has been one of the most followed figures in the stock market. He is the leader of Berkshire Hathaway (NYSE: BRK-A), a conglomerate that owns a portfolio of diversified assets, and also owns a sizable investment portfolio of publicly traded stocks.Berkshire Hathaway owns well-known companies like Geico, Duracell, and Dairy Queen. For years, many have followed the other portion of the portfolio, tracking the stock picks of the legendary Buffett. The company’s equity investment portfolio owns stakes in 44 companies and holds a value of $207 billion.In honor …read more […]

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Goldman Sachs: Bet on These 2 Stocks for Over 30% Returns

September is known for being a seasonally volatile month, but long-term, some are looking at the glass half full. Goldman Sachs has become more optimistic about U.S. economic growth, as it expects that by Q2 2021, an effective COVID-19 vaccine will be “widely distributed.” Based on this assumption, the firm’s chief economist Jan Hatzius bumped up his 2021 U.S. GDP forecast from 5.6% to 6.2%. On top of this, 2021 unemployment levels also might not be as dismal as previously expected, with the economist calling for the figure to land at 6.5%, versus his previous 7% estimate. This modest …read more […]

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Veeva Systems’ Price Target Raised to $323 with Overweight Rating, $435 in Best-Case Scenario: Morgan Stanley

Veeva Systems’, an American cloud-computing company focused on pharmaceutical and life sciences industry applications, price target was raised to $323 from $253 with Overweight stock rating, according to Morgan Stanley equity analyst Stan Zlotsky, who also said with consistent growth, profitability, and defensibility, Veeva is a unique software asset. …read more […]

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Saudi Aramco discovers two new oil and gas fields – energy minister

State oil company Saudi Aramco has discovered two new oil and gas fields in the northern regions, the kingdom’s energy minister said on Sunday, state news agency SPA reported. The energy minister Prince Abdulaziz bin Salman Al-Saud said the new Abraq al-Toloul oil field, which lies to the south east of the northern city of Arar, flows with a daily rate of 3,189 barrels per day (bpd) of Arab light crude oil, along with 3.5 million cubic feet of natural gas. …read more […]

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3 Monster Growth Stocks That Still Have Room to Run

For the stock market, is it onwards and upwards? As the dog days of summer come to a close, stocks have ripped higher in a remarkable fashion, with the market sitting at record highs. That said, when we make our way into September, a historically rough month for equities, should investors put their hunts for compelling plays on hold? Not necessarily. The pros on Wall Street have set their sights on a select few names with growth prospects that can only be described as monstruous. We aren’t exaggerating here. These stocks have already posted some serious gains in 2020, with …read more […]

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Saudi Aramco Discovers Two Oil, Gas Fields in North of Kingdom

(Bloomberg) — Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.Gas has started flowing from Hadabat Al-Hajara field near the Iraqi border at an average daily rate of 16 million standard cubic feet, in addition to 1,944 barrels of condensates, which are a type of petroleum that usually isn’t classified as crude oil because it’s too light. The nearby Abraq at-Tulul field has started producing 3,000 barrels a day of crude, 49,000 barrels of condensates and 1.1 million cubic feet of gas.Aramco …read more […]