Investing
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Jamie Dimon sees ‘exuberance’ in markets. That’s a loaded word when it comes to bubbles popping
Jamie Dimon is starting to sound a bit like Alan Greenspan—and that should make investors nervous. The JPMorgan Chase CEO warned in a Bloomberg TV interview this week that markets may be showing “too much exuberance,” pointing to frothy valuations around artificial intelligence and the Big Tech giants building out the infrastructure behind it. His…
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‘It’s crazy’: SpaceX could set records as the least shareholder-friendly public company of all time
SpaceX filed for its long awaited IPO. And as corporate governance watchdogs page through the S-1 filing one thing’s for sure: They will find much to fret about. Indeed the governance apparatus stunningly favors the C-suite, the board, and especially founder Elon Musk, at the expense of shareholders. In fact, Musk’s critics had already dialed…
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‘SpaceX is his new baby at the expense of Tesla’: Elon Musk’s IPO could be bad news for his EV maker, investors warns
Elon Musk’s “Muskonomy” is growing, but it may spell trouble for Tesla. SpaceX’s pending IPO reportedly scheduled for June will double Musk’s publicly traded companies, joining Tesla as a target for investors betting on the CEO’s moonshot goals around automation and space exploration. But rather than seeing twice the opportunity to cash in on a…
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‘We do not want humans to have the same fate as dinosaurs’: SpaceX IPO reads like Hollywood fantasy version of the future
Elon Musk announced plans Wednesday for one of the biggest stock sales ever by taking public a space company that is currently losing billions of dollars a year. A filing shows that his SpaceX lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at the start…
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With bond yields surging to 4.7%, T-notes are looking like a better deal than the pricey S&P, says the Research Affiliates’ formula
This reporter’s go-to source for divining the investment categories, from all around the globe, that promise the best future returns is a feature on the Research Affiliates website called Asset Allocation Interactive. Research Affiliates oversees $188 billion in investment strategies, chiefly for mutual funds and ETFs, and provides the methodologies for its RAFI funds offered…
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The one number that will actually move Nvidia’s stock Wednesday night
Nvidia has another blockbuster earnings report after the bell Wednesday, and Wall Street, as per usual, is readying the fireworks. Analysts expect revenue of $78.8 billion, almost 80% higher than just a year earlier. Earnings per share are projected at $1.77, nearly double last year. There’s ample reason to believe Nvidia will meet those lofty…
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Exclusive: Yahoo Finance is building a Bloomberg Terminal for everyone else
Any finance professional who has used the Bloomberg Terminal’s brightly colored keyboard knows a secret: if you figure out the right question to ask, data is at your fingertips. For decades, the Terminal has been the gold standard of financial research tools — and a symbol of the gap between Wall Street and everyone else.…
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AI is eating the market and Wall Street strategists have bubble brain as they debate: are we in 1997 or 1999?
The numbers are hard to ignore. The top 10 companies in the S&P 500 now account for 34% of all index profits—a share that’s doubled since 1996—and 41% of its market cap. AI companies represent nearly 87% of all venture capital funding and roughly half of all investment-grade bond issuance. By almost any measure, artificial…
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BlackRock private credit fund’s valuations are probed by DOJ
Federal prosecutors are scrutinizing valuation practices at a BlackRock Inc. private credit fund, according to people with knowledge of the matter. The Manhattan US Attorney’s office in recent months has been seeking information about BlackRock TCP Capital Corp., a publicly traded business development company, said the people, who asked not to be identified discussing a…
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Berkshire triples Alphabet stake and buys Delta stock while dumping Amazon in Greg Abel’s first quarter as CEO
Berkshire Hathaway more than tripled the size of its investment in Google’s parent company and bought over $2.6 billion worth of Delta Airlines stock as Greg Abel settled into the CEO job after taking over from Warren Buffett at the start of the year. The conglomerate also dumped a number of other stocks, including Visa,…