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10 Monday AM Reads

Barry Ritholtz

Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks. Venture-capital investments are plunging, along with valuations of prepublic companies. A Wealth of Common Sense ) • On Wall St.,

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Smart Glasses Firm Vuzix Launches AI-Powered Facial Recognition

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The glasses don’t tag and store new faces. Amazon shareholders recently rejected a proposal that would disallow the sale of its own facial recognition technology to governments. At a May 22 meeting, Amazon shareholders shot down two different proposals to monitor and curb the eCommerce giant’s facial recognition service.

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Why eBay’s Trials And Tribulations May Have Melted ICE’s Bid – For Now

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The initial focus on Wall Street and beyond may have been, and may still be, the price tag: At a reputed $30 billion, the bid price was roughly 10 percent over eBay’s closing price coming into The Wall Street Journal report that shed some light on the offer. ” But, said ICE, “eBay has not engaged in a meaningful way.”

CFO 53
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Apple Stock Spikes On Fake News That Google Was Buying It

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According to Finextra , the false Dow Jones stories reported that the incredible deal was sealed by now deceased Steve Jobs in 2010 and “gives each Google shareholder nine shares of Apple stock … Google employees said, “Yay.”” It went on to claim that the deal was set to be finalized on Wednesday.

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Amid CVC/Blackstone Paysafe Bid, Paysafe Makes Its Own Acquisitive Moves

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The price tags attached to the deals were reported as $3.7 The company also said its largest shareholder, Old Mutual Global Investors at 10.3 The $470 million price tag will be funded by $90 million in cash and a $380 million loan. billion and $470 million, respectively. pence per stake, has stated support for the deal.

Sales 43
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Morgan Stanley Piles On Apple, Lowers iPhone Shipment Forecast

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The high-end device has a hefty price tag of $999, which shut a lot of buyers out of the market. While Huberty cut her iPhone shipments, she did say that investors should buy the stock if it falls when fiscal second quarter results are reported on May 1, because Apple is likely to increase the amount of capital it gives back to shareholders.

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Getting To The Core Of Apple’s (And Everyone Else’s) China Issue

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2), CEO Tim Cook said via letter to shareholders that revenues will be lighter than expected, at $84 billion for the quarter and down from a range of $89 billion to $93 billion. Apple , of course, is getting cored, on the heels of a surprise announcement that, in hindsight, should not have been a surprise.

Sales 70