US$50.08: That's What Analysts Think Weibo Corporation Is Worth After Its Latest Results
It’s been a sad week for Weibo Corporation (NASDAQ:WB), who’ve watched their investment drop 19% to US$43.55 in the… …read more […]
It’s been a sad week for Weibo Corporation (NASDAQ:WB), who’ve watched their investment drop 19% to US$43.55 in the… …read more […]
(Bloomberg) — Elizabeth Warren called out Blackstone Group Inc. for its real estate practices as she laid out her tenants’ rights plan, accusing the company of “shamelessly” profiting from the 2008 housing crisis.Her criticism on Monday was the latest instance of the Democratic 2020 presidential candidate singling out Wall Street companies and investors by name for actions she says contribute to inequality.In a Medium post where she laid out proposals to strengthen tenants’ rights, Warren assailed Blackstone for going on a “shopping spree” in the wake of the 2008 crisis and buying apartments and single family homes that had been …read more […]
U.S. regulators approved Sprint’s $26.5-billion merger with larger rival T-Mobile US Inc in July. As a concession to regulators, the companies agreed to sell Sprint’s prepaid wireless business, which includes the Boost and Virgin Mobile brands, to Dish for $1.4 billion, as well as sell some wireless spectrum, or airwaves that carry data, to Dish for $3.6 billion. …read more […]
The chairman of the Federal Trade Commission said on Monday that his agency had multiple investigations of tech platforms, in addition to its known probe of Facebook, but did not identify them. Big tech companies like Facebook, Alphabet’s Google, Amazon.com and Apple face a slew of antitrust probes by the federal government, state attorneys general and congress. It has previously been reported that the FTC’s focus was on Facebook and Amazon.com. …read more […]
A superbug, otherwise known as an antibiotic-resistant infection, can be potentially lethal. …read more […]
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it… …read more […]
Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and… …read more […]
Our free market system is a blessing that provides opportunity and mutual benefit to businesses and consumers. So why are so many people in favor of socialism these days?
Today, Alexander Green reflects on a recent debate of capitalism versus socialism.
Would you hire an architectural firm if all its buildings fell down?
Would you use an accounting firm if each of its clients went bankrupt?
Would you use a heart surgeon if every one of his patients died on the operating table?
I’m guessing your answer is no.
So you probably wouldn’t fall for the arguments of Professor Richard D. Wolff, academic, author and passionate …read more […]
(Bloomberg Opinion) — After HP Inc. rebuffed Xerox Holdings Corp.’s attempted $34 billion takeover attempt, don’t be surprised if the printer company’s next step is to say, “You don’t buy us, we buy you.” But don’t expect any offer to be generous.A counteroffer from its bigger rival may have been Xerox’s plan all along. The two companies have been involved in tentative talks about a combination at various times over the past few years. Xerox’s ploy, which would have involved taking on considerable debt, looks to have at least succeeded in bringing HP back to the negotiating table.The problem for …read more […]
At the end of October, I wrote that the next wave for cannabis companies would be “buyer’s remorse.”
That’s because pot stocks have fallen flat on their faces over the past six months.
The mergers and acquisitions that fueled companies’ champagne wishes and caviar dreams were inked when share prices were sky high.
But now these companies are battered and bruised.
We’d already heard that MedMen Enterprises (OTC: MMNFF) abandoned its $682 million takeover of PharmaCann.
I said then that unless some major headway was made on marijuana mergers and acquisitions, the MedMen fallout would merely be the first. And that at least half of …read more […]
The package delivery firm’s financial filings showed it owed no taxes in the 2018 fiscal year overall due to President Donald Trump’s tax overhaul, according to the NYT story published on Sunday. Smith late on Sunday called the story https://www.nytimes.com/2019/11/17/business/how-fedex-cut-its-tax-bill-to-0.html “distorted and factually incorrect” and challenged NYT’s publisher A.G. Sulzberger and the business section editor to a public debate in Washington. …read more […]
Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a “phase one” trade deal between the United States and China is signed. The government-sponsored enterprise is betting not only that a deal will be passed, but that it will happen in time for the Dec. 15 tariffs on Chinese goods to be scrapped. “Even as global uncertainties mount, we continue to expect the domestic economy to produce solid, if not spectacular, growth,” said Doug Duncan, chief economist …read more […]
The big shareholder groups in The Meet Group, Inc. (NASDAQ:MEET) have power over the company. Large companies usually… …read more […]
Anyone researching Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) might want to consider the historical… …read more […]
(Bloomberg) — The Federal Communications Commission moved toward controlling a lucrative airwaves sale in a public auction rather than letting Intelsat SA and SES SA conduct a private sale of the frequencies.The plan, which could slash the satellite companies’ payout by billions of dollars, was announced by FCC Chairman Ajit Pai in a tweet.Intelsat plunged as much as 30% on the news. Shares were down 11% to $11.99 at 12:10 p.m. in New York. Intelsat was the biggest decliner on the Russell 2000 Index.Pai said the sale should free airwaves for 5G wireless use, do so quickly and generate revenue …read more […]
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