On Wednesday, Yahoo made the shocking announcement that it will not sell its $31 billion stake in Chinese e-commerce company Alibaba. Rather than drop its critical holding in the Chinese giant, Yahoo will convert virtually […]
Tag: Stocks
Ferrari Has A Tremendously Successful IPO Despite Unfavorable Market Conditions
Thanks to its loyal following, Ferrari’s recent IPO was higher than it had originally been expected to be. People wanting to get a piece of the luxury automaker quickly purchased the company’s newly offered shares. […]
New Exchange Traded Fund Lets Twitter Users Pick Your Investments
There is a newly proposed exchange-traded fund that would be created out of stocks for companies that are trending heavily on social media. The ETF would use stocks for the 25 companies that make up […]
Walmart Shares Plummet After Company Announces Low Earnings For Next Fiscal Year
Shares for Walmart experienced a huge decline in value on Wednesday, and the effect is being felt by the family owners of the massive American retailer. Walmart is controlled by four members of the Walton […]
Customers Can Now Purchase Company Stock At The Store While Shopping
Consumers will soon be able to purchase company stock at retail stores, as chains such as Kmart and Office Depot are planning to offer cards that give purchasers a small amount of stock in some […]
Many Hedge Funds Displaying Worst Performances Since 2008 As Stocks Decline
Some hedge fund managers are experiencing their worst losses since the financial crisis of 2008, even though the economy is performing well now. Hedge fund managers David Einhorn and Michael Novogratz have seen losses of […]
Glencore Shares Rally Just One Day After Historic Loss
Shares for Glencore have rallied, achieving their biggest gain in the history of the commodity trading and mining company. The value of the shares increased by 17% after the company insisted that it will be […]
The Sequoia Fund Tanks As Major Drug Company Flops In The Market
Valeant Pharmaceuticals experienced a major decline in the market, causing the Sequoia Fund, which is worth about $7.8 billion, to lose around $1.2 billion in value. The Sequoia Fund is managed by Ruane Cunniff & […]
U.S. Markets Rebound And Post The Biggest One Day Gain Since 2008
The benchmark Dow Jones Industrial Average exploded 619 points higher on Wednesday, posting its biggest gain since the 2008 financial crisis and the third largest in its history. The huge rally is a dramatic rebound […]
Fears About China Lead To Bloodbath In U.S. Financial Markets
U.S. stocks spiralled Monday, following the trend in other global markets which experts say has been brought about by the reactions to fears of a continuing slowdown of economic growth in China. European stocks were […]
High Frequency Trading Firms Attack Chinese Markets Amid Turmoil
China’s stock markets are being hit once again by traders from foreign hedge funds. Despite efforts to calm Chinese markets, foreign investors are reported to have found loopholes that allow hedge funds and proprietary traders […]
Seaworld Plans To Open More Parks With More Captive Animals To Fight Steep Revenue Decline
Controversial entertainment company SeaWorld, suffering declines in both attendance at its parks and its share price, plans to double down on its current strategy and open more exhibits with more captive animals. Using more creatures […]
Apple’s Stock Dip Just Erased $113 Billion Of Wealth
Following the closing bell on Tuesday, Apple shares have continued their downward trend for the year, falling 3.2% to $114.64. With an enormous amount of outstanding shares, this fall represents a loss of $113 billion, […]
High Frequency Trading Firm Citadel Banned From Chinese Stock Exchanges
Citadel Securities, a Chinese branch of high frequency hedge fund Citadel LLC, has had its account frozen by the China Securities Regulatory Commission (“CSRC”) as officials investigate whether algorithmic, automated trading is causing China’s stock […]
Chinese Stock Market Posts Largest One Day Drop On Record
In a turbulent time for the Chinese markets, Chinese shares plunged 8% on Monday, its steepest one-day drop in eight years. The main Shanghai share index dropped 8.5% while Shenzhen’s main index fell 7.5%. The […]
Google Posts Largest One Day Gain In U.S. Stock Market History
Following the release of its quarterly earnings report on Friday, Google posted a 16% jump in its stock, which translates to $65.1 billion for the company. This barely beat the previous record of $65 billion […]
Twitter’s Stock Falls Victim To Modern Day Pump And Dump Scam
In a twist on the old stock scam known as the “pump and dump,” Twitter’s stock briefly spiked yesterday as a result of a fake buyout story. Specifically, a false story claiming that Twitter had […]