Following Peter Lynch's "invest in what you know" mantra, it appears Millennials jumped at the chance to own a piece of Snapchat - the social media platform that's all the rage among Millennials (and my teenage daughters).
Yesterday's rampage higher for the company that lost more money last year than its total revenues saw its market cap top $40 billion, bigger than Ebay, HP, and Sony...
Via Dana Lyons' Tumblr,
Stocks’ record streak without a weak close came to an end yesterday; what does it mean going forward?
While the media continues to blast the occasional OPEC production-related headline, the reality is that crude supply is increasingly becoming a shale story, as the US, now tens of billions in debt lighter - has rapidly emerged as the low-cost, marginal oil producer.
Via Christof Gisiger of Finanz und Wirtschaft,
James Bianco, president of Bianco Research, thinks that the Federal Reserve will have to jack up interest rates and the US stock market is running into trouble.
By EconMatters