Things didn’t look good this morning. When stock markets opened, Facebook was down 12.1 percent, Apple was down 10 percent, Google was down 6.5 percent, etc. But public tech companies are already recovering from this brutal drop, with Apple leading the way.As of this writing, Apple is back in the green, up 0.19 percent compared to Friday’s closing price to […]
Stock markets around the world have been posting big losses for the last few days. The route was especially rough this morning, with the DOW Jones at one point falling 1,000 points in less than an hour. At the heart of the current slide is an issue which could impact many tech companies: economic weakness in China.Two weeks ago China’s […]
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PhotoCreditNearly everything on the stock market fell on Thursday, with some tech companies taking particularly hard hits.Most notably, Twitter dropped back to its initial public offering price of $26, after continued questions about whether the service can keep attracting new users. Netflix plunged nearly 8 percent, while Facebook fell 5 percent and LinkedIn declined 4 percent.The carnage kept on going […]
Momentum stocks are getting crushed. Another generation of Etraders has been fully monetized.Skynet has no one left to milk.IPOs are in free-fallThis morning they were back in 2014, now they’re almost in 2013. They lost a year of gains since this morning…World’s largest IPO (Alibaba)…2nd largest failed IPO (Twitter):Netflix – 8%:The Biotech rally is over…Revenueless BiotechThe top performing IPO for […]
Android: Most brokerages charge you every time you buy or sell a stock or ETF. Robinhood, however, lets you trade for free and is at last available now for Android users, as well as those on iOS.In addition to charging $US0 commissions on trades of US-listed securities, the mobile app also has features like seeing your portfolio and personal watchlist […]
Are stocks in a bubble?Maybe. Maybe not. But this chart, from the folks at Evercore ISI — which we saw flagged on Twitter by Nick from the economics blog floatingpath.com — is pretty simple: The bubble is about to burst when Sotheby’s stock flies higher. Sotheby’s runs high-end auctions, and so the read-through here is that “smart people,” which you could also substitute […]
Thomson ReutersAn investor stands in front of an electronic board showing stock information at a brokerage house in FuyangSHANGHAI (Reuters) – China’s securities regulator said on Friday that it had restricted 24 stock trading accounts for suspected trading irregularities.The accounts had been found to have abnormal bids for shares or bid cancellations and were thus suspected of affecting share prices […]
Thomson ReutersA European Union flag flutters outside the Athens stock exchangeATHENS (Reuters) – Greece is waiting for the green light from the European Central Bank on plans it has submitted to reopen the Athens stock market after a month-long shutdown, two regulatory sources said on Tuesday.The exchange could reopen as early as Wednesday depending on the ECB’s opinion, the sources […]
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