In her semi-annual Congressional testimony, on July 15, Federal Reserve Board Chairwoman Janet Yellen targeted Wall Street hype, and the valuations of social media stocks, claiming that they are “substantially stretched [in price].” Wall Street’s predictable reaction to this statement sent social media stocks tumbling, as investors feared Yellen was implying the formation of an imminent bubble.
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Fiat's Final Breath
Fiat (F.MI), Italy’s largest automobile manufacturer, and major producer of P. Diddy commercials, is leaving its Italian home, after 115 years, in a last ditch effort to survive. At its latest quarterly shareholder meeting, stakeholders agreed to merge Fiat with American car company, Chrysler, to form Fiat Chrysler Automobiles.
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Customers Love Competition
Like so much that emanates from the complex science, the economic idea of “competition” is something of an abstract concept. It can be difficult to envision how the desire of individual firms to outperform one another, in the market, can translate to better products and lower prices in the long-run.
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A Whopper Of A Stock
Since its founding in 1954, Burger King (BKW) has been a staple among US fast food chains. Alongside Wendy’s (WEN) and McDonalds (MCD), the three fast food titans have supplied customers with tasty burgers for years. Among these three, however, Burger King has had the most tumultuous existence.
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From Scams To Riches
Every now and then, on Wall Street, a penny stock surfaces from nothingness and generates ridiculous gains in a short time period (the medical marijuana healthcare sector being the latest example). The gains are often short lived, as investors quickly realize the rise of the stock was caused by nothing more than hype and speculation, not fundamentals.
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Onto The Next One
Have you ever found yourself searching through Pandora (P) trying to discover new artists that you might like? Have you ever run out of “skips” and had to wait through a song you hate? A new application designed by two Tinder employees aims to help users discover new music using the same interface as the ultra-popular application.
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Cool Kids Use Tax Loopholes
It’s never too early to start saving for retirement. While it may be the last thing on the mind of young investors faced with a volatile economy, difficulty finding full-time employment, and student loan debt, the importance of preparing for retirement cannot be overstated.
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