Market Insight Blog

Key Words: Mark Cuban admits he dropped the ball in not recognizing rampant sexual harassment
Billionaire Mark Cuban will donate $10 million to women’s advocacy groups after an independent investigation found rampant sexual harassment on the business side of his basketball team. In February, Sports Illustrated reported that the Dallas Mavericks’ corporate environment was toxic and consistently devalued women. On Wednesday, the team released the results of a seven-month investigation, which found “numerous instances of sexual harassment and other improper workplace […]

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Why Tilray stock is susceptible to wild price swings
Cannabis producer Tilray Inc. experienced one of the wildest trading sessions in recent memory Wednesday, with trading halted five times in a roller-coaster end to the session, but the end result — a 38% gain— has become somewhat normal for a stock that is more susceptible than others to wild price swings. Tilray TLRY, +38.12% stock’s outsize volatility and meteoric gains from its July initial public offering of $17 a share — it closed at $214.06 Wednesday, after trading […]

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The Wall Street Journal: Republicans reject Kavanaugh investigation, set Friday deadline for Ford to testify
WASHINGTON — Republicans forged ahead with a hearing Monday to consider sexual-assault allegations against Supreme Court nominee Brett Kavanaugh and set a deadline of Friday to determine whether his accuser appears, after days of political wrangling over how best to handle accusations that threaten his nomination. White House Spokesman Raj Shah said the president won’t look at naming any replacement nominee unless there is a clear need. The administration, he said, was going […]

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Alibaba’s Jack Ma walks back promise to create 1 million jobs in U.S.
The 1 million American jobs that Chinese billionaire Jack Ma promised he’d create following a 2017 meeting with then-President-elect Donald Trump are not coming, thanks to the trade war between the U.S. and China. “The promise was made on the premise of friendly U.S.-China partnership and rational trade relations,” Ma, the founder and chairman of Alibaba Group Holdings BABA, +3.82% , told Chinese news site Xinhua on Wednesday. “That premise no longer exists today, so our […]

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The Wall Street Journal: Trump appoints Darrell Issa as director of Trade and Development Agency
WASHINGTON — President Donald Trump will name retiring congressman Darrell Issa of California to be the director of the U.S. Trade and Development Agency. The White House confirmed Wednesday that Issa, a Republican from Southern California, will be named to the position, which is currently vacant. The independent agency helps companies create jobs domestically through the export of U.S. goods and services for development projects in emerging economies. Issa’s appointment comes amid a […]

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Amazon reportedly aims to open 3,000 cashierless stores by 2021
Amazon.com Inc. is considering a massive expansion of its cashierless AmazonGo stores, aiming to open as many as 3,000 nationwide by 2021, according to a report by Bloomberg News. If successful, Amazon’s push into brick-and-mortar retail could shake up the convenience-store and fast-casual restaurant industries, and shares of retailers such as CVS CVS, +0.45% , Walgreens WBA, +0.56% , Target TGT, -0.59% and Walmart WMT, -0.20% fell sharply immediately after the report was published […]

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The Wall Street Journal: EU regulators investigate how Amazon treats third-party merchants
European Union antitrust authorities have begun a preliminary investigation into Amazon.com Inc.’s treatment of other merchants that sell products using its platform, opening a new regulatory front against an American tech giant. EU Competition Commissioner Margrethe Vestager said Wednesday that investigators recently sent out questionnaires to merchants that sell through Amazon AMZN, -0.75% . The probe focuses on whether Amazon is gaining a competitive advantage from data it gathers on […]

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NewsWatch: 10 years after Lehman Brothers collapse, Americans reevaluated their relationship with money
MARKETWATCH FRONT PAGE A new study suggests Americans are ‘gun-shy’ about investing. See full story. Tesla is ‘headed to the graveyard,’ warns iconic member of Detroit’s old guard Bob Lutz, a renowned “car czar” and the blunt-talking former vice chairman of General Motors, has never really been one to soft pedal his opinions, no matter how controversial or curmudgeonly they may seem. Here’s his latest on Tesla. See full story. U.S. stocks close […]

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The Moneyologist: My wife transferred $130,000 from our joint bank account into a CD with an unbelievable ‘6% return’
Dear Moneyist, Both my wife and I recently lost our jobs and both received payouts for about $40,000 each. I lost my job six months before. We placed my check in our joint bank account and continued to pay our normal monthly bills. We also sold a home and walked away with about $90,000. My wife took the $90,000 and her $40,000 without my knowledge and transferred it to an account with only her name attached. ‘I informed my wife that she had a month to transfer the funds back into our […]

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Outside the Box: Elanco’s $1.6 billion IPO looks too pricey, and here’s why
Elanco Animal Health, the premier animal-health company being spun out of Eli Lilly, is expected to begin trading on Friday. At a price range of $20 to $23 per share, the company plans to raise up to $1.6 billion with an expected market value of around $7.7 billion. At the midpoint of its price range, the stock ELAN, +0.00% currently earns our Unattractive rating. Elanco enters the public market with significant revenue ($2.9 billion in 2017) but falling after-tax profit (NOPAT), and negative […]

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