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It Turns Out China's Most Successful Capitalist is Actually a Communist
Jack Ma is the richest man in China, the 14th richest man in the world and the co-founder of Alibaba Group, the $420-billion e-commerce behemoth. Suffice to say, capitalism has been very, very good to Ma. But, alas, China's most successful - and high-profile - capitalist happens to actually be a communist, as the Wall Street Journal reports. According to
A Perspective on the Recent Meltdown in FAANG Stocks
Tech stocks, which led the rally for much of the current stock market bull run, are also leading the market sell-off that's occurred since the start of October. The crème-la-crème of the tech space — Facebook, Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), Netflix, Inc. (NASDAQ: NFLX) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) — are
Brexit Drama Reaches A Fever Pitch
  Brexit Drama Reaches A Fever Pitch The Debate Over U.S. Drug Prices   This year’s Veteran’s Day/Remembrance Day observance was especially poignant, as it marked the 100th anniversary of the armistice that ended World War I. The occasion prompted a number of historical remembrances, one of the best of which can be found here. While the 1918 armistice ended
Into the Red Zone
Highlights from last month Volatility returned and pulled markets across the globe into the red. The sell-off in risk assets appeared to have several culprits: hawkish Fed comments, rising interest rates, signs of peak earnings growth and political fragility in Europe. Credit spreads widened and emerging market assets also faced challenges with a strengthening U.S. dollar. But the risk aversion
Billionaire David Tepper Habits for Success and Advice on Making It in Finance 2018
In this interview with Carnegie Mellon University, billionaire David Tepper discusses his habits for success and advice on making it in finance. Billionaire David Tepper Habits For Success And Advice On Making It In Finance 2018 Q3 hedge fund letters, conference, scoops etc David by any definition you had a very successful career. What were some of the things that
Value Emerges in Asia's Markets as Panic Sets In
The first signs of panic? I have been waiting for the first signs of real panic in Asia's bear market. First, there was the question of why India had been so defensive, with its current account deficit, high structural inflation, strained banking system, difficult government finances and high valuations. India's market has started to drop. And then we had weakness
Revisiting Apple's iPhone Woes as Stock Dips Into Bear Market Territory
Apple Inc. (NASDAQ: AAPL)'s stock has entered bear market territory, with the performance of its newest iPhone models largely to blame. The stock has pulled back by about 20 percent from an Oct. 3 intraday high of $233.47. Apple shares have underperformed since October, having shed about 17 percent on a closing basis compared to more modest declines of 7.3
Multi-Factor Investing, Demystified: Part 1
$1 trillion dollars. According to The Economist, that’s the amount of money invested in factor-based strategies worldwide today.1 Ten years ago, factor investing was just a fringe activity. Today, it has surged in popularity, as more and more investors seek ways to unearth additional returns. Despite its rapid rise, however, there remains confusion over what specifically multi-factor investing entails—and exactly
Reports: U.S. Feds Have Subpoenaed Snap After Shareholders Sue Over Tanking IPO
Snap Inc.'s 2017 initial public offering - which once seemed like the savior that would revive the previous year's moribund IPO market - has been an unequivocal disaster for shareholders. After closing its first day as a publicly traded stock up 44%, things almost immediately went south for Snap's IPO. Within two months of its listing, shares of the company's
Salesforce's Marc Benioff: Facebook is as Unhealthy For You as Smoking
While Silicon Valley has lately been sounding the alarm - and perhaps expressing a little remorse - about the detrimental effects that excessive time spent on smart phones can have on children, Salesforce CEO Marc Benioff sees another evil force lurking out there in Silicon Valley: Everyone's favorite punching bag, Facebook. In an interview with Recode's Kara Swisher for a