In a matter of weeks, DiDi Global (NYSE:DIDI) stock has gone from a hot IPO to an undeniable disaster. Soon after its debut on the U.S. stock market at an initial price of $14 per share, the China-based ride-hailing company was hit hard by the  Chinese government’s decision to investigate and penalize it. The shares
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According to Quiver Quantitative, Cleveland-Cliffs (NYSE:CLF) is the ninth-most commented equity on the Reddit r/WallStreetBets board for the past seven days. However, before you head down the Cleveland-Cliffs path and buy CLF stock, you might want to consider why it might not be a slam-dunk. Source: IgorGolovniov / Shutterstock.com Cleveland-Cliffs’ business might be rolling right
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People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., May 12, 2021. Andrew Kelly | Reuters The Securities and Exchange Commission said Friday it will now require additional disclosures from Chinese companies seeking a listing on U.S. stock exchanges, following Beijing’s intensified crackdown on oversea share issuance. “In light of
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MicroStrategy CEO Michael Saylor on Friday defended his enterprise software company’s debt-financed purchases of bitcoin, telling CNBC he sees buying the cryptocurrency right now as comparable to investing in Facebook in the social network’s early days. “We’ve got $2.2 billion of debt and we pay about 1.5% interest, and we have a very long time
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Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC. Mark Wilson | Getty Images The U.S. Government Accountability Office on Friday denied protests from companies affiliated with Jeff Bezos that NASA wrongly awarded a lucrative
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In this episode of The Investor’s Podcast, Hari Ramachandra discusses his investment in the Pabrai Funds, managed by the emerging, and newly famous, Mohnish Pabrai. Pabrai has adopted the same principals as Warren Buffett, and Hari discusses the similarities and differences during the episode. Hari also discusses his experience of attending Pabrai’s shareholders meeting. IN
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