After raising an astounding $850 million in a presale for its token, Telegram, a popular encrypted messaging app that was created by the same people behind VKontakt – better known as the Russian Facebook – has raised $1.7 billion, making it the largest ICO on record. It managed to raise this staggering sum through a public token sale…
Chevron Corporation (NYSE: CVX) trades at a P/E multiple of 23.5x, which is higher than the Energy sector median of 15.6x. While this makes CVX appear like a stock to avoid or sell if you own it, you might change your mind after gaining a better understanding of the assumptions behind the P/E ratio. In this…
It has been a rough start for large cap biopharmaceutical stocks but the ETFs (FBT) and (XBI) still outperformed the SPY YTD and over 12 months. Most Individual stocks lagged unless you owned Abbvie (ABBV) or Vertex Pharmaceuticals (VRTX). Here are some key takeaways: Buy the worst performers on technicals and valuations? BIIB CELG REGN. Look at…
Walmart is in negotiation with Humana. There is a range of options, including a direct buyout. The Wall Street Journal reports Walmart in Early-Stage Acquisition Talks With Humana. Walmart Inc. is in preliminary talks to buy insurer Humana Inc., according to people familiar with the matter, a deal that would mark a dramatic shift for the…
Video Length: 00:05:29 Trade war worries fade, but privacy concerns jolt markets anew U.S. President Donald Trump’s plans for tariffs on Chinese imports initially helped spark market volatility the week of March 19, Ristuben said, as worries over a trade war between the U.S. and China escalated. However, comments by top Trump administration officials the…
NZD/USD is consolidating near some critical technical levels ahead of a big week for economic data Video Length: 00:03:54
Another Bad Day For Tech Tech stocks had a terrible day as the Nasdaq was down 0.85% and the S&P 500 tech sector was down 0.87%. The defensive real estate, consumer staples, and telecom sectors were all up more than 1%. This is a sign the sector rotation continued in a somewhat flat day as…
Bitcoin losses are costing jobs. At least, that is what the data suggests. There is a correlation between bitcoin price performance and interest in the bitcoin and cryptocurrency job market. Bitcoin losses are weighing. When times are good in the bitcoin price, it’s reflected in rising demand for cryptocurrency and bitcoin jobs. But as soon…
Over the past month as Libor continued its relentless upward creep and is now higher for 37 consecutive sessions, the longest streak of advances since November 2005, and rising to 2.3118% while blowing out the Libor-OIS spread to a crisis-like 59bps, a cottage industry has developed to explain what is behind the dramatic move in Libor,…
Over the past month as Libor continued its relentless upward creep and is now higher for 37 consecutive sessions, the longest streak of advances since November 2005, and rising to 2.3118% while blowing out the Libor-OIS spread to a crisis-like 59bps, a cottage industry has developed to explain what is behind the dramatic move in Libor,…
