Elliott Management has quietly reduced its position in Masa Son’s SoftBank Group, The Post has confirmed. And the Paul Singer-run hedge fund has made a tidy profit in the process — as much as $500 million, people with knowledge of the matter told The Post. The profit comes even as other investors have likely gotten
Daily Trade
Sentiment on Wall Street has taken a turn for the worse of late. Overall the bulls are still in control of the charts. However, the bears have recently made progress. The good news that it’s more to do with sentiment than actual fundamental deterioration in the macroeconomic conditions. This is my long way of saying
Lawmakers are back in Washington, D.C., on Monday and have less than two weeks to head off a partial government shutdown. What happens if they can’t? Past shutdowns — like the one that ended in January 2019 — have resulted in the furloughs of hundreds of thousands of federal workers; closures of national parks and
It’s all about the miles, sort of, with Lucid (NASDAQ:LCID) stock popping 10% since yesterday on positive reports about its range. Source: ggTravelDiary / Shutterstock.com According to the U.S. Environmental Protection Agency, the Lucid Air Dream edition can go 520 miles on one charge. That is 20% longer than Tesla (NASDAQ:TSLA), so that’s quite an
U.S. stock futures fell sharply on Monday, with those for the Dow Jones Industrial Average tumbling 300 points, as Hong Kong-listed property companies came under fresh pressure. Investors also were positioning ahead of this week’s Federal Open Market Committee meeting. How are stock futures trading? Dow Jones Industrial Average futures YM00, -1.31% dropped nearly 400
Will you invest with fear, or with guts and glory? That’s the billion-dollar question facing each and every Alibaba (NYSE:BABA) shareholder now as BABA stock continues to drift downward with no mercy. Source: Nopparat Khokthong / Shutterstock.com I can fully understand why some investors might want to avoid Alibaba and Chinese businesses altogether. It’s not about
Dear Quentin, I have a question for you that’s been weighing on me. I’m in my mid-30’s, and my career is finally really hitting its stride. I just changed jobs and received a 30% wage increase, to a level I didn’t think I’d be at for years. On the other hand, my girlfriend, who I
I’ve been a fan of financial technology stocks for a long while. Up until recently the choices were a few, and pretty much limited to Visa (NYSE:V), MasterCard (NYSE:MA) or American Express (NYSE:AXP). During the last few years, two worthy competitors entered the arena: PayPal (NASDAQ:PYPL) and Square (NYSE:SQ). Even more recently, more companies like
This article is reprinted by permission from NextAvenue.org. Ask Beverly Jones, author of the valuable new book, “Find Your Happy at Work,” to describe a time when she was happiest at work and Jones instantly smiles. It was, she says, when she was a grad student at Ohio University working as a paid assistant to its president and researching
I’m all about finding the next big thing in the electric vehicle (EV) space to unseat Tesla (TSLA). Forget what’s big today. Capitalism is defined by creative destruction. Nothing lasts forever in an economy where we are all incentivized to always go bigger, do better, and be stronger. Just look at a list of the
When I rode in an autonomous vehicle four years ago, I was struck by two things. The first was the pit-of-your-stomach gut flutter I felt when the packed sedan propelled itself onto a busy San Jose, Calif., thoroughfare. It was the same out-of-control feeling I get when a roller-coaster I’d just been locked into jerks
Last weekend was the first weekend of the 2021-22 NFL season, and it looked a lot different than last year’s opening weekend. Source: sutadimages / Shutterstock New faces on new teams. Fans in the stadium. Ratings are back up. Oh, and everyone is suddenly betting. Sports betting volume over the first weekend of the NFL
It has been one decade since a group of protesters filled a small, private, grassless park in lower Manhattan and began a weekslong occupation meant to draw attention to inequality and the monolith that is Wall Street’s financial firms. The fury that “Occupy Wall Street” evinced against investment banks, hedge funds and fat cats in
If you are a contrarian investor, you may believe that Roku, Inc. (NASDAQ: ROKU) has underperformed the broader market in 2021 and is now an investment opportunity. In 2021, ROKU stock is down nearly 6% compared to gains of about 18% for the S&P 500. Source: Michael Vi / Shutterstock.com Being a contrarian investor has
Americans still want to keep up with the Joneses. That’s one major takeaway some 18 months into the pandemic, with household debt rising 2.1% in the second quarter to a record $15 trillion, booking its largest quarterly climb in almost eight years, according to the latest report from the Federal Reserve Bank of New York.
There’s no getting around it: it’s all about that $15 resistance level for folks who own Ocugen (NASDAQ:OCGN) shares. Frustratingly, OCGN stock bumped its head against that price point in February, and then again in May. Source: Shutterstock It’s a legitimate question: how are the buyers finally going to get a sustainable rally going? Without a
The other shoe has finally dropped on one lovelorn exec. The former chief financial officer of a high-end Massachusetts shoe maker has been sentenced to almost six years in prison for embezzling $30 million to help finance the career ambitions of a one-time TV newscaster he had fallen for. Richard Hajjar, 65, admitted he had
Lucid Motors (NASDAQ:LCID) enjoyed a period of time where it had robust momentum, but that period has since faded. LCID stock is down about 70% from the highs in February, when the stock topped out near $65. Source: ggTravelDiary / Shutterstock.com Now near $20, Lucid stock bulls have been served a hearty plate of
Can investing in stocks according to the U.N.’s ESG principles (environmental, social, governance) deliver value? Can such a strategy prove profitable according to investing principles promulgated by the likes of Ben Graham or Abby Joseph Cohen? The world’s largest asset managers seem to think so. A rising percentage of assets under management are allocated using this socially conscious approach and individual
The last story I wrote on Oracle (NYSE:ORCL) covered the company’s difficult, but largely successful transition to cloud computing from the traditional on-premise software business. The results have been mixed for ORCL stock so far. I last said, “So in order to adopt to the new technology standard, ORCL simply added cloud to the end