Historically, I know that in the 70s inflation did a similar thing to today where it felt then bullwhipped right back.
Recent rise in yields are seeing long duration treasuries in the 4-4.5% range. Add to that the recent uplift in GDP forecasting and the re-acceleration of home purchases, and oil volatility with OPEC continuing production cuts and a war with Russia that doesn’t seem to end that’s constraining supply of commodities comparative to Russia b
Surprised there wasn't a post on this? This is pretty big news for the chip sector imho.
https://www.techspot.com/news/99807-intel-54-billion-acquisition-tower-semiconductor-called-off.html
Avrobio announced in July that they are pausing all research programs, laying off half their staff, and looking to maximize shareholder value through a sale, merger, or return of cash to share holders.
After selling one of their programs to Novartis in June for $86 million, they are sitting on $124 million cash and no debt. Their market cap interestingly is only $66 million.
Their cash burn is greatly reduced with the layoffs and program pauses, an
Today Adyen, a payment processor founded in the Netherlands, just published its H1 2023 results and investors were collectively dumping their stocks resulting in a 35 % share drop. I have not seen this much blood on the streets with this company. Though expectations to be met were high and its PE ratio on the high side, I am still on the fence on buying shares when my paycheck arrives (I hold no shares, yet). What are your thoughts?
So some say that they will get sued because they didn't shut off the power during fire.
They say water pumps can't work without power and firefighters needed the power to stay on.
The stock crashed from around 40 to around 10 right now.
They supply 95% of Hawaii with power.
Honestly I think the whole case against them is on shaky legs ( the exact cause of fire is still not clear).
Am I missing something or is this an e
Been thinking about building an, in theory, defensive portfolio for my pension. Having similar parallels to global brand funds but with a more tangible moat, unique assets. For example my thoughts are that nike is a global brand, but not a unique asset. A few names that i think fit my bill are Canadian Pacific, ASML, Linde, Nintendo/Disney, Apple. These are all businesses in a monopoly, oligopoly, historic IP or entrenched ecosystem. Do you think any of these na
- Eight months after 2023 kicked off with widespread recession calls across Wall Street, the Atlanta Fed is projecting the economy will grow nearly 6% in the third quarter.
On Tuesday, the Atlanta Fed's GDPNow estimate moved up to 5.8% from 5.0% a day prior after fresh data from the Census Bureau's showed housing starts increased 3.9%. in June. If the 5.8% GDP growth number held, it'd mark the most robust period of economic growth s
The subject is pretty straightforward. I work in fintech and created a payment processor so I am familiar with what's happening. How does this impact Stripe and PayPal (Braintree)? Stripe and Adyen (in my opinion) should be supplanting PayPal as a payment processor in the near future and I think interchange fees as a business model isn't that strong. Would love to see how you all are viewing this as it relates to the industry.
Adyen H1 2023 earnin
Shares of CVS Health (CVS) are falling after the Blue Shield of California dropped the pharmacy as its benefit manager for drug prices and other services. The Blue Shield of California is reportedly pursuing partnerships with Amazon Pharmacy (AMZN) and billionaire Mark Cuban's Cost Plus Drugs. Yahoo Finance's Julie Hyman and Brad Smith monitor CVS' stock action and comment on the environment for health service providers.
This is the daily discussion, so anything stocks related is fine, but the theme for today is on stock options, but if options aren't your thing then just ignore the theme and/or post your arguments against options here and not in the current post.
Some helpful da