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Battlefield Choices
Donald Trump and Xi Jinping will soon decide if they want to engage in a trade war. In this issue of Sinology, we explore the options available to both leaders. A key conclusion is that if either side chooses war, the impact on the Chinese economy and on the majority of listed Chinese companies will be quite modest, because it
Emerging-Market Debt: Expect Volatility—and Opportunity
Capital Markets
Summer is just beginning, but emerging-market (EM) bonds and currencies have been on a roller-coaster ride for months now. In markets, though, volatility breeds opportunity—and we still see plenty of that among EM issuers. When 2018 began, we warned investors to be prepared for volatility and a faster-than-expected rise in US interest rates. But we also noted that strong global
Robinhood Co-CEO Says Sovereign Nations Will One Day Make Cryptocurrencies Their Default Currencies
Despite its sustained slump, the cryptocurrency market just received a huge vote of confidence from one of the biggest venture capital firms in Silicon Valley when Andreessen Horowitz launched its highly anticipated crypto fund last week. The digital coin space had actually received another much-needed boost from one of the 25 richest unicorns in the world: Robinhood co-CEO Baiju Bhatt
Boots on the Ground: How Gene Munster's Loup Ventures Gathers Intel on Tesla, Apple and Others
Capital Markets
Tesla Inc (NASDAQ: TSLA) said it surpassed its 5,000-per-week production goal for Model 3s, but Reuters contended the automaker barely missed the time target and instead reached the figure hours after the June 30 deadline. Loup Ventures is content either way. The reported rates and timelines imply a Sunday-through-Saturday rollout of 4,850 Model 3s, according to managing partner Gene Munster's calculations. The figure fell within Munster's
Analyst Downgrades Tesla to Sell, Despite Carmaker Finally Reaching Production Goal
Capital Markets
Although Tesla was able to finally hit its production goal of 5,000 Model 3 units in one week - albeit with some caveats -  it wasn't enough to save the company's stock from being downgraded by CFRA Research, which is skeptical that the carmaker will be able maintain that pace. The company revealed in a regulatory filing on Monday that
As the iPhone App Store Turns 10, Here Are the Top Downloads Ever
Capital Markets
Happy birthday, iPhone iOS App Store! As the 10th anniversary of the iPhone's app marketplace nears - it officially turns 10 on July 11 - market data firm App Annie has released a new report compiling the top downloaded games and apps in its decade-long run. The top of the lists are dominated by names that should come as no
Dell Returns to the Public Markets With Stock Conversion Funded By VMware Dividend
Capital Markets
Monday’s a good day for just about any investor with a Dell connection. What Happened Dell Technologies Inc (NYSE: DVMT) announced Monday that a committee representing Class V common stockholders approved the conversion of their tracking shares into Class C common stock or cash. The new Class C stock will be publicly listed at an implied value of $109 per
Bloomberg Compares Bitcoin's Plunge to Pets.Com
If you are company attempting to reinvent your brand, you probably don't want to hear the business press compare your rebranding to New Coke, the infamous, failed experiment undertaken by the Coca-Cola Company to tweak the formula of the most popular soft drink in the world. Similarly, if you are seen as being at the forefront of a new innovation
Nomura Downgrades Intel Following CEO Departure
Capital Markets
Intel Corporation (NASDAQ: INTC) abruptly and unexpectedly saw CEO Brian Krzanich depart last week, and one Wall Street analyst says there's now simply too much uncertainty surrounding Intel for investors to buy the stock. The Analyst Nomura analyst Romit Shah downgraded Intel's stock from Buy to Neutral and lowered his price target from $60 to $55. The Thesis Intel is losing server share
Amazon Drops its Mighty Hammer on the Pharmaceutical Industry With Purchase of PillPack
Capital Markets
Amazon announced on Thursday that it had acquired online pharmacy PillPack, immediately shaking up the pharmaceuticals industry and sending shares of some of the biggest companies tumbling. PillPack "delivers medications in pre-sorted dose packaging," while also handling refills, according to Amazon's announcement of the deal. “PillPack’s visionary team has a combination of deep pharmacy experience and a focus on technology,”