Although share prices of Uber have not dropped significantly since its terrible first two days, the ride-hailing company is still a long way off of its initial $120 billion valuation. Its competitor Lyft has had a similarly unimpressive IPO, disappointing many investors who hoped both companies would debut strongly on the market. But while these firms are performing well below Wall Street’s expectations, one new tech stock is dazzling shareholders and making competitors pay attention.

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On Friday we looked at how Uber drivers around the world went on strike in the lead up to the company’s highly anticipated initial public offering (IPO). In the years before it debuted on the New York Stock Exchange, Uber was once valued at more than $120 billion by private investors. But just a few days into its IPO, however, the company is now worth about half that amount. On its first day of trading, Uber shares opened at $3 Continue reading

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September 14, 2018

For more than a century, the Dow Jones Industrial Average has tracked the stock market performance of the country’s largest publicly owned companies. And from the very beginning General Electric was an essential component of this distinguished group. As the years went by and the company expanded into all sorts of industries, its continued dominance of the business world appeared all but guaranteed.

Then came the 2008 financial crisis. The collapse of the housing market dealt an enormous blow to Continue reading

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August 9, 2018

Last year, Apple sold more than 280 million iPhones, iPads, and Mac computers to customers around the world. And judging by the tech giant’s ever climbing stock price, the sales tally for 2018 appears to be going strong as well. In fact, last week the price of an Apple share climbed above $207. Besides being good news for investors, reaching this milestone meant that Apple became the first publicly traded company to achieve a market capitalization above $1 trillion.

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April 17, 2018

Earlier this month, the music streaming service Spotify went public on the New York Stock Exchange with a valuation worth approximately $30 billion. And while that is certainly an enormous amount of money, it pales in comparison to the $93 billion that the Japanese telecom giant Softbank privately raised last year to create a technology investment fund. In the past, major IPOs such as Spotify’s tended to be the most dependable way for up-and-coming companies to receive a major infusion Continue reading

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March 15, 2018

Last year, we looked at how Toys ‘R’ Us filed for bankruptcy after struggling for more than a decade with increasing competition and crushing debt. And while its future didn’t seem particularly bright at the time, the retailer at least had a plan in place to stay afloat in the short term. Along with taking out a massive loan to buy stock for the Christmas season, the company also claimed it had no plans to close any stores.

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February 2, 2018

When we last looked at Bitcoin in December, the cryptocurrency’s price had skyrocketed to about $16,500 after starting the year at just $985. At its peak a couple of weeks later, a single Bitcoin became worth a whopping $19,511. The ever-increasing success of the cryptocurrency and others like it convinced some investors that the future of money was taking shape before their eyes. Many remained wary of Bitcoin’s boom, however, fearing that the bottom could fall out at any time. Continue reading

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December 8, 2017

Over the last few months, we’ve posted a couple of stories about Bitcoin’s enormous gains in 2017. First we marveled at how the cryptocurrency’s value had risen to $4,000 in August after starting the year at just $985. By November, a single Bitcoin became worth more than $7,200. Since then the cryptocurrency has climbed even higher while also experiencing some major fluctuations. Last night, for instance, Bitcoin’s value reached a record high of $17,153 before eventually falling to around Continue reading

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November 21, 2017

From flooding in Texas to Puerto Rico’s struggle to recover after Hurricane Maria, we’ve taken a look at the economic impacts of several natural disasters over the last few months. Whenever we write posts like these, we always include a link to a list of organizations you can donate to if you feel so inclined. Along with spreading awareness, we also want to make sure our readers have access to a reliable selection of charitable options vetted by journalists. Continue reading

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October 10, 2017

aliman-senaiEach year some 12 million Americans take out a payday loan in order to get cash fast. But just because these borrowers can receive a quick injection of capital doesn’t mean they can pay it back with comparable speed. Many people who take out a payday loan end up drowning in a flood of loan fees and high interest rates. Last year alone the industry collected more than $7 billion in fees from customers. Borrowers can become so overwhelmed by Continue reading

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