In an invitation-only call with institutional clients of Morgan Stanley on Wednesday, research analyst Adam Jonas — a long-time Tesla bull — expressed skepticism about the electric vehicle maker and said not to count on a buyer like Apple to bail the company out.
Read MoreDalio now heads Bridgewater Associates, the world’s largest hedge fund with roughly $160 billion in assets. But when he was only 12 years old in the early 1960s, Dalio just wanted somewhere to invest the money he’d earned caddying on a golf course and everyone he knew was talking up the stock market.
Read More“Often there are opportunities that everybody can see, but you’re restricted by mandate or asset class,” says Margaret Patel, manager of Wells Fargo Asset Management’s Diversified Capital Builder fund. “We have a much more flexible approach.”
This approach has paid off. Patel’s fund is up 16.5% this year and is outperforming 97% of its counterparts.The five-star-rated fund has also done well long term.
Uber seeks to raise about $9 billion in cash in its initial public offering next month when it debuts on the New York Stock Exchange under the symbol “UBER.”
Uber gave a pricing range between $44 and $50 per share, valuing the company between $80.53 billion and $91.51 billion on a fully diluted basis.
The stock is posed to bring in billions for its top shareholders.
Sensing a threat they can’t ignore, Wall Street banks instead partner with tech giants like Apple
“I wake up every morning paranoid about who’s trying to wipe us out. But I think they’re threats we can handle.”
Brian Moynihan
Read MoreNext month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said. Those events will set in motion the Wall Street debut of one of Silicon Valley’s most closely watched companies.
Read MoreGold fell on Monday, moving further off the key $1,300-per-ounce mark it briefly surpassed in the previous session, as global equities rallied following last week's slide with stronger-than-expected U.S. retail sales allaying some fears of an economic slowdown.
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