Steven Davidoff Solomon, professor of law at the University of California, Berkeley, wrote a comment for the New York Times reports, General Motors’ Stock Buyback Follows a Worrying Trend:
General Motors’ announcement that it will buy back $5 billion worth of stock raises the question of whether the stock buyback has turned into a shareholder activist shakedown.G.M. did not open its […]
View gallery.(Wikimedia Commons)There is probably a bubble in biotech stocks.
In a big note on published on Friday, analysts at Credit Suisse ask if we’re in a biotech bubble, and answer that no, it’s not a bubble, merely a “new era” for biotech stocks. Which is exactly what it sounds like when something is a bubble. Credit Suisse hinges its argument on what […]
Last summer, Federal Reserve Chair Janet Yellen said valuations in certain corners of the stock market like biotech were getting “substantially stretched,” and traders have gotten a good laugh at her warning ever since as the stocks resumed their winning ways and raced higher. But given the recent battering of the biotech stocks, the caution recommended by the central bank […]
View photo.(Wikimedia Commons)Some investors have been worried about a bubble in biotech stocks, and Wednesday’s sell off seemed to prove those fears.Biotech stocks fell more than 3%, their biggest one-day drop this year.But the industry is still one of the best-performing in the market: it’s up 35% over the past 12 months and 9.3% year-to-date, compared to year-to-date gains of 3% for the […]
AEROTERROR: A regular flight from Caracas to Tehran carried more drugs and money than people by BusinessInsider.com : Wednesday 03:14:42 CTCategories: markets, streamFrom 2007 to at least 2010, there was a flight from Caracas, Venezuela to Tehran, Iran that made a stop in Damascus, Syria.Hugo Chavez and Mahmoud Ahmadinejad reportedly called it ‘Aeroterror.’ Only government officials with a special clearance […]
Everyone likes a great deal, and there’s no biotech stock I’d love to see go on sale more than Celgene (NASDAQ: CELG).Celgene’s blockbuster drugs, industry-leading profitability, and rock-solid balance sheet put it among the elite companies in the business. As a result, the company hasn’t given investors too many chances to buy its shares at a bargain price. But if […]
Why You Must Invest In Cloud Computing, Big Data, Analytics Companies For Long Term Gains by Bidness ETC : Tuesday 02:14:02 CTCategories: News, streamSpeculation and promises are inherent in the world of developing technology and those aspects of the industry make it more than an attractive place to put your money into. The promises are heavier than speculation in the […]
Financial technology startups are getting funding from the very industry they hope to disrupt.Known in short as fintech, these startups are changing the way people pay, lend, and invest, threatening the long-established and entrenched financial systems. In the past couple years, fintech has increased in notoriety among financiers and investors, most notably in London and New York.From investing in growing […]
Bitcoin vs. Uber: Bitcoin Lovers Respond to Mish by Contributor : Friday 02:40:42 CTCategories: economy, markets, streamI recently commented that it would not surprise me if bitcoin plunged to $1.00. That was not a prediction, it was a comment.Still, I still fee a collapse in bitcoin is likely.For discussion, please see Cash Dinosaur: France Limits Cash Transactions to €1,000, Puts […]
Putin biographer: He’s not dead — but chaos is brewing in the Kremlin by BusinessInsider.com : Friday 02:45:00 CTCategories: markets, streamThere’s something going on behind the scenes in the Kremlin.Russian president Vladimir Putin hasn’t been seen in public since March 5. (Video featuring Putin on March 13 was not live.)Analysts are speculating that his absence suggests there may be a […]
