uber-founder-cut-$400-million-deal-with-saudi-arabia-3-months-after-khashoggi-chopping

Uber co-founder’s newest startup received $400 million from Saudia Arabia’s PIF 11 months ago. PIF’s investment in Uber is over $1 billion in the red since the IPO. The report comes just over a year since the brutal murder of Jamal Khashoggi. Despite Uber’s poor showing, Saudi Arabia’s appetite for investing in U.S. startups shows…

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overrated:-only-20%-of-faang-stocks-feature-in-21st-century’s-10-best-performers

Only a fifth of FAANG stocks appear in the list of 10 best performing stocks of the 21st century. The best-performing stock in the last two decades is not a Silicon Valley wunderkid. Netflix and Apple save the day, however. For years, FAANG stocks (Facebook, Amazon, Apple, Netflix, and Google) have received the adulation of…

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s&p-500-has-more-runway-for-gains-in-short-term:-stock-market-prognosticator

Halloween wasn’t too kind to stocks, but things could be looking up. Marko Kolanovic is JPMorgan’s global head of macro quantitative and derivatives research, and according to CNBC, he’s also the “man that moves the markets.” That’s why when he says that the broader market could have some runway for gains in the short-term, you…

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tesla-(tsla)-stock-pops-after-elon-musk-reveals-november-cybertruck-unveiling

Elon Musk has announced the unveiling of Tesla’s new Cybertruck EV on Nov. 21. Tesla (TSLA) stock bounced immediately after the tweet was published. Despite its massive potential, there are plenty of headwinds for the Musk’s futuristic new pickup truck. Tesla (TSLA) stock rallied sharply on Wednesday after CEO Elon Musk tweeted that the EV…

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paypal’s-$500-million-uber-bet-has-already-lost-$190-million.-it-could-get-worse

PayPal got in late having bought over 10 million shares of Uber at $45 Some analysts are expecting a ‘horror show’ after the stock lock-up period expires. Uber’s stock hit a record low on Tuesday a day ahead of the expiry of the lock-up period Payments firm PayPal (NASDAQ: PYPL) was one of the biggest…

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even-vince-mcmahon-can’t-tap-out-wwe’s-plunging-stock

WWE’s income fell by 0ver 80% from a similar quarter a year ago. Since the year started, WWE stock has depreciated by nearly 50% from its April high. The sports entertainment firm has also revised guidance downwards signalling that the stock could fall further. Shares of the Vince McMahon-led World Wrestling Entertainment (NYSE: WWE) fell…

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co-founder-of-satoshi-nakamoto-institute-blasts-warren-buffett-for-hoarding-$128-billion

Warren Buffett’s Berkshire Hathaway is sitting on a massive cash stockpile. Pierre Rochard criticizes the billionaire investor for his strategy of waiting for the value of the U.S. dollar to rise. According to Rochard, Buffett’s strategy is no different from bitcoin HODLers. The Oracle of Omaha, Warren Buffett, has been recently grabbing headlines because of…

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stock-market-braces-for-uber,-pton,-cvs,-and-dis-earnings

This could be another bumper week for markets as more big-name firms are due to release their third-quarter earnings. Market-moving economic numbers are scant, though, with the Fed set to release Q3 productivity figures on Wednesday and September’s consumer credit report on Thursday. This week will be a big one for 2019’s IPOs as both…

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cracks-in-boeing’s-737-ng-could-signal-more-pain-ahead

An older model of Boeing’s 737 aircraft has been found to have a faulty joint between the wing and fuselage. The new development adds fuel to accusations that Boeing’s company culture has pushed employees to put safety below profits. While the 737 MAX issues are unrelated, it adds to a growing list of complaints about…

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$128-billion-in-cash:-is-warren-buffett-unconvinced-of-stock-market-rally?

Berkshire Hathaway is holding $128.2 billion in cash, according to its quarterly report. With no big deal in four years, Warren Buffett seems to be unfazed by the stock market rally. Buffett, who has evolved the $528 billion conglomerate into the world’s biggest financial company by revenue, is known to be patient in spotting large…

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