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Posts published in “Stocks”

Absa South Africa Rules Out Dividends With Profit Down 40%

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UFC Vegas 18: Overeem vs. Volkov

Every single event in the UFC furthers along the narrative of company. Some competitors rise to the occasion, others fail spectacularly. Some sustain success for long periods of time, others often find it to be fleeting. Sometimes it is largely inconsequential parts of the narrative, other times it’s some of the central players. Fight Nights…

The GameStop Saga and the Incoherent Politics of the Stock Market

The recent furor regarding speculation in the stock of GameStop—which soared far beyond its fundamental value, due to a technique known as a short squeeze—has focused attention on the nature of the stock market and what it means both politically and economically. CNN’s Chris Cillizza sees the bipartisan hostility toward hedge funds—so far, the big…

Joe Manchin, King of the Senate

Liberals, still flush from defeating Trump and taking control of both houses of Congress, are adjusting to the grim reality that the fate of their bold legislative agenda lies with one of Washington’s most conservative Democrats: a pro-coal, anti-choice, Trump-friendly fiscal hawk who voted to confirm Brett Kavanaugh to the Supreme Court. As soon as…

I Bought Tens of Thousands of Dollars of GameStop Stock. And I Have No Regrets.

The first rule of r/WallStreetBets is YOLO. There is no second rule.This isn’t the land of enlightenment, it’s the borough slum of loss porn. I’m here for the goods: Show me the screenshot where your well-earned $30k investment in weekly Tesla puts bottomed out to a measly $30 because you didn’t trust Papa Musk to…

A 10-year-old cashes in his GameStop shares

The GameStop stock surge has benefited small-scale investors, many of them surprised at their unlikely windfalls. Perhaps none so much as a 10-year-old boy from San Antonio, Texas. The fifth grader was gifted 10 GameStop shares, each at $6.19, as a Kwanzaa present from his mother in December 2019. She bought the stock simply because…

Right to Work on a Hot Planet

By 1961, Charles Koch had stacked up three engineering degrees and was back home in Wichita, Kansas, to join the family business of oil refining, pipelines, and manufacturing. His father, Fred, was at the time attempting to tackle a different sort of engineering challenge: how to get unions, Communists, and big government off his back.…

Calvin Kattar recalls training visit with Diaz brothers that set the tone for the rest of his career

Calvin Kattar has taken the long road to the top of his division and the trip included one significant detour early in his career. Ahead of his upcoming main event bout with former featherweight champion Max Holloway this Saturday at UFC Fight Island 7, Kattar recalled the time that he was a teenager visiting the…