In January we noted that despite Janet Yellen’s “irrational exuberance” moment when, last summer, the Fed chair mentioned biotech as a sector where valuations looked “substantially stretched,” biotech stocks have continued their relentless ascent thanks in part to M&A deals worth 40 times sales and IPOs for pre-revenue companies.Now, with the sector still making new highs, the bubble chorus is […]
Ah the good old days. Stocks up $25, $50, $100 more in a single day. Day trading was all the rage. Anyone and everyone you talked to had a story about how they had made a ton of money on such and such a stock. In an hour. Stock trading millionaires were being minted by the week, if not sooner.You […]
The reflexive reaction from anyone who was there for the dotcom bubble is ‘Uh-oh.’And while anyone who says that this time its different should probably be offered some perfectly good swampland in Florida or a slightly used bridge from Manhattan to Brooklyn, the reality is that a lot of new wealth has been created. Approximately $1 trillion in new market […]
After trending downwards for the last year, the Nasdaq Internet Group finally looks to be breaking higher. You can see the break above the top of the downtrend in the chart below.Remember when the Internet group was surging higher right inline with the Biotech group in 2013? That surge seems like an eternity ago after the lackluster performance Internet stocks […]
Apple shares are currently valued at roughly $124 each in intraday trading, giving the Cupertino-based company a record-breaking market cap exceeding $720 billion. Apple stock continues to rise after the iPhone maker became the first U.S. company to close with a market cap over $700 billion on Tuesday, the same day in which CEO Tim Cook spoke live at the […]
View photo.Biotech companies have been in the spotlight over the past few months with many investors considering the sector a goldmine for great investment opportunities. President Barack Obama in Tuesday’s State of the Union speech highlighted the need for more investment in medical research, a sign that biotech is set to continue as a hot spot in within the market.Precision […]
View gallery.This week brings to close yet another year of gains for the stock market, the sixth straight year in this bull run.The benchmark S&P 500 started off 2014 at 1848 and as of Friday the index sat at 2088.Some of the top industries of the year include airlines, semiconductors, hospitals, aluminum, Internet service providers and residential REITs.Another industry cracking this […]
Thomson ReutersHong Kong Exchanges and Clearing Ltd. Chairman Chow Chung-kong and Hong Kong Chief Executive Leung Chun-ying smile after hitting a gong during the launch ceremony of the Shanghai-Hong Kong Stock Connect in Hong KongSee AlsoThe Weekend Is Over, And Japan Is Going DownA 24-Year Old Streak In The Korean Auto Market Has EndedEconomists React To Japan’s Awful GDP ReportSHANGHAI […]
The head of the British electronic spy agency GCHQ, Robert Hannigan, created a minor flap last week in an article he wrote for the Financial Times. In effect, Hannigan argued that more robust encryption procedures by private Internet companies were unwittingly aiding terrorists such as the Islamic State (IS) or al Qaeda, by making it harder for organizations like the […]
Editor’s note: Nuria Oliver is a scientific director at Telefonica looking at how the use of big data can help to fight pandemics such as Ebola and bird flu.Last year, I gave a talk at WIRED 2013 on how anonymous and aggregated mobile phone data can be used to understand and combat the spread of infectious diseases. I described a study that we […]
