Posts From Nikki Bailey
Norway’s giant pension fund is now worth over $ 1 trillion. Yes, 1 followed by 12 zeros. The fund’s managers announced Tuesday that currency shifts had helped push its value above $ 1 trillion for the first time. “The growth
U.S. hedge fund Aristeia Capital LLC proposed late on Monday to add two directors to the board of Sina Corp (sina), to push for corporate governance change and potential divestiture to lift the share price of the Chinese social media
Bitcoin Roars Back to $4,000
So much for those China chills. On Monday, bitcoin appeared to be shaking off investors’ anxiety about a cryptocurrency crackdown by the Chinese government, and posting big gains. As of mid-morning Eastern Time, the price of bitcoin had soared over
Shanghai Fosun Pharmaceutical Group has agreed to cut the size of the stake it will buy in India’s Gland Pharma to 74 percent, it said on Sunday, paying about $ 1.1 billion for what is still set to be China’s
Trump’s Lower Tax Rates May Be a Fantasy
The Trump Administration’s paramount goal is sweeping tax reform that substantially lowers levies for the middle class and for corporations. The idea is to reduce and simplify rates, fueling economic growth, so that the overall pie expands rapidly. That extra
Nvidia Stock Jumps After Analyst Says It Will Add $40 Billion in Value Over the Next Year
Shares of semiconductor and chip-maker Nvidia jumped 6% in trading Friday after an analyst said investors were underestimating the company’s artificial intelligence capabilities. On Friday, Evercore ISI analyst CJ Muse issued on of Wall Street’s most bullish calls on what
Public pensions are a financial time bomb… and I see two ways to profit from the explosion. In the US, unfunded public pension liabilities have surpassed $ 5 trillion. And that’s during an epic stock and bond market bubble.
New data from the U.S. Census Bureau showed good news for Americans in 2016: Household income is up, poverty is down, the gender pay gap narrowed, and healthcare coverage expanded. This sunny outlook does come with a few clouds, though.
Chinese bitcoin exchange BTCChina said on Thursday that it would stop all trading from Sept. 30, setting off a further slide in the value of the cryptocurrency that left it over 30 percent away from the record highs it hit
The Trump hangover continues for gun companies. American Outdoor Brands(AOBC), the company formerly known as Smith & Wesson, says gun sales last quarter dropped by half from a year ago. Sales of long guns, including assault rifles, hunting rifles and