Stocks
Alibaba Stock Hits Record Low Since IPO
Alibaba stock hit a record low closing price of $73.38 on Wednesday following a disappointing earnings report. Read more
Blame China: Yuan Devaluation and the Impact on US Stocks
The S&P 500 fell Tuesday on news that China moved to devalue the yuan by 1.9%. And yuan devaluation could easily accelerate 3% in the next 12 months. Read more
What Is Activist Investor Ackman Up to With Mondelez?
Activist investor Bill Ackman recently disclosed that he’s taken a 7.5% stake in Mondelez International. Is a Kraft Heinz reunion in the works? Read more
Shake Shack Earnings Are Great, But Don’t Support Valuation
I am mystified as to why investors bid up certain stocks to the point of insane valuation. Read more
Uber’s Valuation: Is It Really Worth $51 Billion?
Uber recently closed a monster financing round. It raised $1 billion in a private transaction, which means that Uber’s valuation is now nearly $51 billion. Read more
Ferrari IPO Revs Up Change for Chrysler
Though a spinoff of Fiat Chrysler’s Ferrari brand has been long rumored, it wasn’t until the recent S-1 filing that the Ferrari IPO was confirmed. Read more
With Chinese Air Travel Soaring, Delta Wants In
Despite recent turmoil in the Chinese stock market, Chinese air travel and China’s tourism industry are still growing rapidly. Read more
Nokia’s Virtual-Reality Camera Means Real Profits
Nokia’s virtual-reality camera, Ozo, uses eight shutter sensors and eight microphones to capture 360-degree video and audio. Read more
For John Malone, It’s All About the Cash Flow
John Malone’s strategy has always been to buy up winners, use that cash flow to draw down super-cheap debt, and then repurchase stock in accretive fashion. Read more