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AT&T Could See $60 After Activist Elliott Management Takes $3.2 Billion Stake

by Dorian Holden | Sep 9, 2019 | Markets

Shares of AT&T were up more than 10% this morning. All after Paul Singer’s Elliott Management disclosed a new $3.2 billion stake in the company, and outlined plans that could see the telecommunications giant at $60 a share.   “The purpose of today’s letter is to...

Iran Just Warned There’s Not Much Time Left to Save Nuclear Agreement

by Dorian Holden | Sep 9, 2019 | Markets

While tensions with China seem to be cooling, Iran is posing a sizable problem. And unless Europe can come up with a solution in the next 60 days, the situation could explode.  All after Iran said they’ve started using more advanced centrifuges, which could speed...

Jobs Decline Gives Fed Another Reason to Cut Rates in September

by Dorian Holden | Sep 6, 2019 | Markets

The Federal Reserve is still on track to cut rates later this month. All after the U.S. posted softer than expected employment numbers.   Just this morning, the Labor Department reported the U.S. added just 130,000 new jobs in August 2019.  That marks...

IPO Valuation Cut: Why WeWork is Being Slammed by Critics

by Dorian Holden | Sep 6, 2019 | Markets

If the WeWork IPO even makes it to market, it may not even be worth owning. The company, which rents out spaces to businesses was founded back in 2010 by CEO Adam Neuman – whose site says he’s “committed to elevating the collective consciousness of the world by...

U.S.-China Trade Talks on the Books for October, Says Beijing

by Dorian Holden | Sep 5, 2019 | Markets

Here we go again. Days after the U.S. and China tariffed each other, both will meet again in October 2019 in a new attempt to tame the trade war, says Beijing.  After all, it’s needed after it’s done quite a bit of damage to the global economy, business...
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