Arnd Wiegmann/Reuters Palantir, the secretive technology firm, could fetch a $22 billion price-tag at its planned market debut on September 30, the Wall Street Journal reported on Thursday. Palantir’s bankers
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Dow Showing Notable Advance, Nasdaq Nearly Unchanged
Stocks have moved mostly higher over the course of the trading day on Wednesday, although the tech-heavy Nasdaq is bucking the uptrend after posting strong gains in the two previous
Continue reading »Short Sellers Are Rushing Back Into Stocks as Volatility Returns
One group of equity skeptics who faded out of view during the summer rally are making a comeback with the S&P 500 heading for its worst September in almost a
Continue reading »Stocks won’t move higher until US sees a vaccine and a return to ‘more normal’ life, the world’s largest wealth manager says
Reuters/Lucas Jackson Mark Haefele of UBS told CNBC on Tuesday that the market won’t move higher until the nation enters a “more normal” stage of life where a vaccine against
Continue reading »Kodak admits to poor handling of CEO stock grants prior to announcing its $765 million government loan
Reuters / Steve Marcus Kodak admitted to poor handling of a stocks grant process for its chief executive prior to disclosing a surprise $765 million government loan. The camera company
Continue reading »Social Capital SPAC surges 25% after it confirms tie-up with Opendoor, Chamath Palihapitiya calls it his 'next big 10x idea'
Social Capital Hedosophia Holdings Corp. II, a SPAC led by billionaire investor Chamath Palihapitiya, surged 25% on Tuesday after it confirmed it was merging with Opendoor. Opendoor is a property
Continue reading »SoftBank Selloff Hits $17 Billion After Tech Exposure Fear Grows
SoftBank Group Corp. slid as much as 7.1% Wednesday, taking losses to about 14% this week after the Japanese conglomerate made substantial bets on equity derivatives in tech stocks before
Continue reading »Social Capital SPAC led by billionaire investor Chamath Palihapitiya in advanced talks to merge with Opendoor, report says
Reuters Opendoor is in advanced talks to go public via a merger with Social Capital Hedosophia Holdings Corp. II, a “blank check” company, or SPAC, led by billionaire investor Chamath
Continue reading »Huge Swings in Options-Overrun Stocks Leave Manager Baffled
Nancy Tengler has managed money for 35 years. She’s confident in her positions. When one of her companies reports good earnings, she expects it to go up. But nothing prepared
Continue reading »A Wall Street strategist that nailed last week’s sell-off says the only path to a ‘sharply higher’ stock market is a dot-com-like bubble
Associated Press The ongoing technology-driven stock market rally is on the verge of rivaling market bubbles not seen since the dot-com era and the Great Depression, according to Stifel’s Barry
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