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Chinese e-commerce giant Alibaba Group has raised $8 billion in its first-ever bond offering, Bloomberg reported on Thursday evening. Chinese e-commerce giant Alibaba Group has raised $8 billion in its first-ever bond offering, Bloomberg reported on Thursday evening. Alibaba received $57 billion in orders for the six-part bond offering, which will be used used to refinance the company’s existing credit facilities. At ...
Billionaire Ron Baron isn’t just a savvy investor – he also knows how to put on a good show. On Friday, over 4000 investors from across the country and abroad convened at the Metropolitan Opera House in New York. The highly-anticipated annual conference, in its 23rd year, is famous not just for big-name CEO speakers but also superstar performers who remain a surprise until the moment they take stage. The conference morning ...
find the cat
On Monday Twitter reported slowing user growth setting up that stock to open down 13% the following day. Tuesday Facebook told investors that its costs will rise between 50% and 70% next year — shares opened down 6.6% Wednesday. Initially its seemed LinkedIn would complete the crummy social earnings trifecta as the stock tumbled as much as 7% following its after-hours release Thursday. But about 45 minutes after the closing bell the stock was up more than 2.5% to around $208.50. ...
There is a saying about the stock market to ‘Sell in May and Go Away’ which I believe was first documented in a 2002 academic paper by Sven Bouman and Ben Jacobson. They analyzed 37 countries going back to the 17th century and found that this occurred in 36 of them. Besides potentially using this for investing purposes it would seem to refute the efficient market thesis if it is accurate. According to the Stock Trader’s Almanac since 1950 the Dow Jones Industrial Average has ...
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