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The valuations of Beijing-based ByteDance, the parent company of TikTok, surged 33% topping $100bn in recent private share dealing, reflecting investor’s confidence in its ad-based business model. ByteDance valuations even hit $105bn to $110bn level at one stage in the secondary markets, said Bloomberg News without citing sources, making it the world’s most valuable startup….
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iShares Nasdaq Biotechnology exchange-traded fund (ETF) (IBB), which tracks the group of 211 stocks, has soared sharply since mid-Mach hitting an all-time high of $136.20 on Monday before reversing some gains in the past few sessions. It is trading at $132.57 on Friday morning. The robust upside momentum in the last two months is driven…
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Mylan (NASDAQ:MYL) is a leading American pharmaceutical company specialized in generic drugs. It markets its products in more than 165 countries, employs over 35,000 people worldwide and is listed on the NASDAQ. Considering buying Mylan stock today? In this guide, we’ll walk you through how to choose the right broker, how to buy stocks and…
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Peter Toogood 9pictured), chief investment officer of financial services business The Embark Group, warns that investors should think twice before buying US stocks. Toogood said: “The US, the big daddy, has been expensive and remains expensive.” Some of the other fund managers including David Tepper and Stanley Druckenmiller have also advised caution on US stock…
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Shopify (NYSE: SHOP) stock price has had a good run in recent years, but the shift to online resources following pandemic has added to the bullish outlook of the e-commerce company that helps businesses and individuals set up their online stores. The Ottawa-based online platform, which went public in 2015, has partnered with Facebook (NASDAQ:…
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Shares of the biggest US-listed Chinese companies including Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) came under pressure after the US Senate on Wednesday overwhelmingly passed a bill that requires companies listed on US stock exchange to certify that they are not run or controlled by a foreign government. The bill, introduced by Louisiana Republican…
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Economic uncertainty and weak market conditions are fuelling a rising interest in long-short exchange-traded funds (ETFs). Buyers are looking towards long-short ETF funds to hedge their bets and gain the exposure they may not get in a traditionally structured portfolio. After a number of companies announced worse-than-expected first-quarter earnings, investors are looking for viable alternatives…
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Billionaire investor Warren Buffett has sold off most of his stake in Goldman Sachs (GS), following a series of recent portfolio cuts amid the coronavirus health crisis, weakening long-held ties with the US investment bank. According to the latest quarterly report on Berkshire Hathaway’s positions, the investment group run by the famous 90-year old investor,…
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Huawei chairman Guo Ping (pictured) said a US export ban imposed on it will inevitably impact the Chinese telecoms giant, adding they were “arbitrary and pernicious” on Monday. “This decision was arbitrary and pernicious and threatens to undermine the entire industry worldwide,” said Ping at an annual analyst’s summit in Shenzhen, southern China. “This new…
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The billionaire investor and Baupost Group founder Seth Klarman (pictured) took big positions in tech stocks including Alphabet (NASDAQ: GOOG) and Facebook (NASDAQ: FB) during the first quarter of the year, according to the frim’s latest securities and exchange commission filings. The man dubbed the next Warren Buffet, because of his similar value investing approach…
