As of this moment, China's Shanghai Composite is down 42.11% from its June 12th high of 5,178.19; it presently sits at 2,964.97. Even more remarkable is the fact that, since Friday of last week, the Shanghai composite has fallen 19.08%. China's momentous Monday downturn also cut the wealth of its billionaires by over $14 billion (some individuals even entered the dreaded "millionaire" club).
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How China Just Elected President Trump
Surprise, China just devalued its currency... again! Over the past 24 hours, the People's Bank of China decided to depreciate the Yuan by 1.9%, making the U.S. dollar the strongest performing currency to date. This monetary action is nothing new in the current era of globalization; in fact, China has long been (rightfully) accused of purposely devaluing its currency so as to increase foreign direct investments and heighten its export-driven economy.
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Chinese Hackers Boost Cyber Security Stocks
As the tech-driven Nasdaq continues its strong 2015 run, already up nearly 9% YTD, one particular sector continues to make headlines for its huge gains: cyber security. Thanks to newsworthy security breaches of celebrities (Kate Upton), corporations, and most recently, the U.S. government, cyber security stocks are on a momentous rise.
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How To Steal Apple's Technology Without Worry
Chinese technology conglomerate Xiaomi has continued its trend of copying American tech companies by releasing its Mi Band. Known for blatantly infringing upon Apple’s (AAPL) intellectual property, the Xiaomi Mi Band is a fitness tracker designed to compete with the Apple Watch, Fitbit bracelets, and Jawbone bands
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Alibaba Back On Track
Chinese e-commerce conglomerate Alibaba (BABA) first issued its record $25 billion IPO on the NYSE in September 2014. At the time, there was much fanfare from anxious investors eager to buy shares of the company. However, since then, Alibaba's public sentiment has fallen. Since its IPO, Alibaba's share price has mostly fallen, reaching a historic low of $79.54 per share on May 5th.
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Lumber Liquidators' Big Gamble
of the most popular analyses include quarterly growth projections, P/E ratios, cash flows, debt/earnings balances, enterprise value (EV), and EBITDA (earnings before interest, taxes, depreciation, and amortization). Because of this, analysts spend innumerable hours deciphering what they believe to be the true market value of public entities.
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When Billionaires Clash
Ever since Alibaba (BABA) had its record-shattering U.S. IPO, it appears the Chinese e-commerce giant and its American competitor, Amazon (AMZN), are destined for a Wall Street showdown. In an unpredictable market, with many potential outcomes, I will focus on two questions: 1) can Amazon convert its R&D investments into positive quarterly reports and 2) will Alibaba continue to build upon its momentum and run Amazon out of American markets?
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