The US economy is coming down from a sugar high. How bad will the headache be?
A few days ago, Donald Trump tweeted a characteristically all-caps boast that was uncharacteristically accurate: 3.1 GDP FOR THE YEAR, BEST NUMBER IN 14 YEARS! — Donald J. Trump (@realDonaldTrump)...
View ArticleThe stock market just had its best quarter in nearly 10 years
“There was nothing to fear in Q4 but fear itself.” The stock market’s terrifying tumble at the end of last year proved short-lived, noted Howard Silverblatt, a senior index analyst at S&P Dow...
View ArticleWhat bitcoin’s 20% price surge says about the state of cryptocurrency
Bitcoin awoke from its slumber this week. The cryptocurrency’s price, which after reaching $20,000 in 2017 has languished near $4,000 for most of 2019, surged…
View ArticleChina’s largest newspaper is helping the government censor the internet, and...
The People’s Daily bills itself as “among the most influential and authoritative newspapers in China.” As the official mouthpiece of the ruling Communist Party, and the country’s most widely read...
View ArticleUber’s IPO is a lesson in the true cost of toxic culture
Everyone knows that a toxic workplace culture is bad for employees. But Uber’s long-awaited IPO filing on April 11 shows how allowing harassment, discrimination, mismanagement, and other forms of bad...
View ArticleAs Harley hits the skids, Trump threatens tariffs as payback for the tariffs...
The last time Donald Trump sounded off about Harley-Davidson, he backed a boycott of its products and threatened new taxes on the iconic motorcycle manufacturer. Today, he saw news of Harley’s weak...
View ArticleWhat recession? The S&P 500 is at an all-time high
This is supposed to be a bad time for the global economy. The IMF forecasts a sychronized slowdown, with 70% of the world economy expected to record weaker GDP growth this year. Just a few weeks ago,...
View ArticleUber is heading into its IPO with engine trouble
Is Uber stalling? The ride-hailing company has high aspirations as it gears up for its initial public offering, with a possible valuation of around $90 billion. It is skidding into its listing, though,...
View ArticleMarkets tumble as Trump threatens to escalate trade war
When US president Donald Trump tweets, markets tumble—especially when these presidential missives herald the start of another bitter chapter in the ongoing US-China trade spat. For 10 months, China has...
View ArticleWhy Indian investors want the elections to get over soon
Investors in India are waiting the election out. In April, inflows into equity mutual funds (MFs) dipped to their lowest levels since January 2017, according to data released by the Association of...
View ArticleBeijing’s tariff retaliation exposes Trump’s weak negotiating position
Beijing hit back at the Trump administration’s latest trade tariffs today, saying it would apply duties as high as 25% on more than 5,000 US products, a move expected to hit US exporters of everything...
View ArticleUber hasn’t been worth this little since July 2015
“Obviously our stock did not trade as well as we had hoped post-IPO,” Uber CEO Dara Khosrowshahi wrote in a note to staff yesterday. After falling 7.6% from its $45 IPO price on its first day of...
View ArticleApple will make a game just for you if you give them $50 billion
Apple’s newest iPhone game—only the second the company has ever developed for its own App Store—appears to be targeted at a very small and specific demographic: Omaha-area billionaires aged 85 and up....
View ArticleA new fund will pay investors to buy it. What’s the catch?
When someone offers you something for free, it’s a good idea to ask a few follow-up questions. When someone offers to pay you to use their service, it’s wise to ask even more, tougher questions. An...
View ArticleFrance is good at launching tech startups, but not at growing them
“France is maybe the best place to start a company,” said Jean-Rémi Kouchakji, co-founder of PayinTech, a Paris-based fintech firm that was among the 9,000 startups at the Viva Technology conference...
View ArticleThe companies as big as entire countries’ stock markets
The US economy is the largest in the world. It is 50% bigger than China’s, in second place, as measured by GDP. But when it comes to the size of the stock market, the US is five times larger than...
View ArticleHere’s a prediction: In the future, predictions will only get worse
The Australian election produced a winner no pollster predicted: Prime minister Scott Morrison’s ruling coalition remained in power, despite all expectations to the contrary. After the surprise...
View ArticleMay was a great month for haven assets—and bitcoin
Financial traders had plenty to fret about in May. There were warnings about the weakness of the global economy; the US-China trade war escalated; a new front opened in US president Donald Trump’s...
View ArticleThings are looking up for Trump’s rate cuts
For months, Donald Trump has been browbeating on the Federal Reserve to cut interest rates. Now, markets are betting that he’ll get his wish. It won’t be a cause for celebration. Last month, US...
View ArticleMicrosoft is now worth over $1 trillion, a stunning run since Satya Nadella’s...
Microsoft is America’s most valuable company—and it isn’t even close. After shares surged Friday (June 7), the software company’s market capitalization is now well above $1 trillion. For now, second-...
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