Wouldn’t it be great if you could say no to sky-high executive pay?
Klarna was already big in Europe, and now the Swedish buy-now-pay-later company is becoming big in America.
Sometimes it seems like bitcoin is worth whatever Tesla founder Elon Musk and star stock picker Cathie Wood say it is. But what happens if they disagree?
Consumer prices, from used cars to airline tickets, shot up in the US last month. But some economists think policy makers in Washington can and should ignore seemingly eye-popping inflation data, and worry instead about the recovery in the labor market.
The US stock market’s top watchdog has questions about the underpinnings of the retail trading boom. One of those concerns is whether a small number of trading firms and brokerages have too much market power.
Expectations for a US employment boom missed the mark last month, as hirings came in well short of what economists had forecast. Hopes for a jobs rebound for Black Americans, who were hit hardest by the pandemic, are also yet to materialize.
It’s all but impossible to imagine Berkshire Hathaway without Warren Buffett as its chief. But stock investors appear sanguine about the decision to make Greg Abel the 90-year-old’s eventual successor.
Breaking open the IPO
Stock investors don’t like tax increases, but they tend to get over it.
Bitcoin arrived on one of the world’s most important exchanges, a watershed moment that could bring crypto from the fringes to the mainstream. The original virtual asset soared on optimism that it was an important step toward bitcoin becoming a fixture among institutional investors.
Small businesses are a big business for technology companies.
Affirm is one of the companies at the forefront of “buy now pay later”—the slick digital lending that’s growing in popularity with Gen Z and millennial shoppers. Nearly a decade since Affirm was started, the BNPL business model is dogged by questions about whether its claims about being interest-free and not charging late fees are too good to be true.
For crypto fans, Coinbase’s $86 billion IPO is a stamp of validation for bitcoin and the nascent world of digital assets. Coinbase’s bottom line is poised to be a major beneficiary of that optimism.
Grab’s record-breaking deal to merge with a special purpose acquisition company (SPAC) will raise an eye-popping $4.5 billion in cash. Based on where shares are trading, the ride-hailing, food-delivering super app might have been able to raise a few billion dollars more.
It’s good to the be the top dog at Coinbase—better than it is to be the chief of JPMorgan or Goldman Sachs, if CEO Brian Armstrong’s total pay is anything to go by.
It’s another sunny, pandemic-stricken day at home, which means another day of online shopping from the sofa until a vaccine is coursing through our veins. But those Dr. Martens Chelsea boots cost £150 ($206) and you’ve only got 50 quid. What to do?
One of the scariest things about Archegos Capital Management’s fall from grace is there could be others. The only reason we know Bill Hwang’s hedge fund had risk up to its eyeballs using borrowed money is because it got caught out by margin calls.
Arthur Laffer seldom allowed undergraduates into his graduate-level economics classes at the University of Southern California in the early 1980s. Most of the time they weren’t ready for it. Laffer, whose work has influenced Republican presidents for decades, sensed he should make an exception for an ambitious undergrad named Cathie Wood.
As brokerage-app downloads spread, millions of people are getting a taste of stock investing for the first time. Now there’s a push to go a step further, giving armchair traders access to the red hot IPO market. But it’s not clear from the data that everyday investors are missing out on much by not participating in IPOs.
Robinhood, the brokerage that has become a byword for the boom in retail trading, is planning to go public. Like many companies that embark on an initial public offering these days, Robinhood is keeping its registration confidential.
As retail trading booms from Los Angeles to London, there are signs that the latest wave of investors is younger, includes more women, and has attracted more people who aren’t white.
Shares in gas-guzzling car makers from Volkswagen to General Motors are soaring as they talk up their plans for electric vehicles. While they are light years from catching up to the market value of Tesla, the gains suggest growing faith from investors that companies from Detroit to Deutschland can reinvent themselves.