Veteran strategist Ed Yardeni warns that U.S. stocks are overvalued and could “face a shock if Covid-19 cases continue to surge and ripple across the U.S., and tensions with China…
Day: August 7, 2020
$500-million SPAC Planned by Billy Beane of ‘Moneyball’ fame
A special purpose acquisition company (SPAC) called RedBall Acquisition Corp., co-chaired by baseball executive Billy Beane, announced a plan to raise $500 million in an initial public offering. This according…
As Others Hedge, is Buying Bank of America Stock the Right Move for Warren Buffett?
Warren Buffett’s Berkshire Hathaway bought $1.73 billion of Bank of America stock between July 20 and July 30, bringing its holdings to 1.02 billion shares, worth more than $25 billion.…