Today's stock market is drawing a lot of comparisons to the dot-com bubble popping at the turn of the century. Some similarities exist between today's elevated Nasdaq-earnings multiple and the events causing the bubble to pop.
LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
(RTTNews) - Chinese media company SINA Corp. (SINA) announced Monday that it has agreed yo a going private deal with New Wave Holdings Ltd., pursuant to which New Wave will acquire all of SINA's outstanding ordinary shares, not currently owned by it, in an all-cash transaction i
For more than 50 years, Warren Buffett has been the mastermind responsible for Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) incredible gains. Since 1965, Berkshire has delivered an annual average return of 20.3%, which is more than double the 10% compound annual return for th
(RTTNews) - European stocks rose the most in two weeks on Monday as a late Wall Street rally on Friday coupled with strong industrial profits data from China helped offset rising tensions between Beijing and Washington.
Investing in 2020 has been challenging, to say the least. Wall Street has arguably been taken on its wildest ride in history, with the widely followed S&P 500 losing 34% of its value in under five weeks, then regaining all that was lost in less than five months. The steepnes
(RTTNews) - Weibo Corp. (WB) reported second quarter non-GAAP net income per share of $0.50, compared to $0.68, last year. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.46, for the quarter. Analysts' estimates typically e
(RTTNews) - Asian stocks rose broadly on Monday, though gains were tempered by concerns over rising coronavirus cases and escalating tensions between Washington and Beijing.
(RTTNews) - Veolia confirmed that Engie having canceled its Board Scheduled on September 25, the company will submit its improved offer no later than September 30, 2020. On August 31, Veolia said it offered to buy 29.9 percent of the Suez shares from Engie for 15.50 euros per s
(RTTNews) - Amazon (AMZN) said the company plans to create 3,500 new corporate and tech jobs at its Canadian Tech Hubs in Vancouver and Toronto. The jobs will include software development engineers, user experience designers, speech scientists working to make Alexa smarter, clou
(RTTNews) - U.S-based gaming-entertainment company Caesars Entertainment, Inc. (CZR) Monday said it is in advanced discussions with British betting and gaming company William Hill Plc (WMH.L) concerning a possible cash offer for William Hill.
(RTTNews) - Diageo Plc (DGE.L, DEO) said it has made a good start to fiscal 2021, with sequential improvement in its performance across all regions. For the first half of fiscal 2021, the Group continues to expect sequential improvement in organic net sales and operating profit
(RTTNews) - Cleveland-Cliffs Inc. (CLF) announced Monday that it has entered into a definitive agreement with ArcelorMittal S.A. (MT) to acquire substantially all of ArcelorMittal USA LLC for approximately $1.4 billion.
(RTTNews) - European stocks look set to open higher on Monday, though the upside may be capped by Covid-19-related worries and uncertainty surrounding U.S. presidential election.
Amid signs of fresh virus spikes, Europe is seeing a reintroduction of strong measures in big citi
(RTTNews) - Bombardier Transportation, the rail technology division of Bombardier Inc. (BBD.B.TO), announced Monday that it has signed a new 10-year services contract with Singapore's rail operator, SMRT Train Ltd, supported by Singapore's Land Transport Authority or LTA.
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