Is an Uber IPO around the corner? Why is Warren Buffett bullish on oil? How did Ron Paul react to a New York Times attack piece?
The Labor Day weekend marks the unofficial end of summer, which means business is just picking up here at Profit Confidential. Brew yourself a fresh pot of coffee and enjoy these top weekend reads.
“Economist Paul Krugman attacked Ron Paul in a recent New York Times column, calling him an “old man” with a “crotchety crank.” In response, the former congressman turned to YouTube earlier this month to deliver a brilliant rebuttal.” Read More
“If Uber is betting heavily that a self-driven car will one day replace the hundreds of thousands of drivers it currently employs as contractors, investors can bet that the company is poised to become much bigger than Amazon.com, Inc. (NASDAQ:AMZN).” Read More
“The last time investors were this bearish on gold was October 2006, when gold was worth less than $600.00 an ounce. Two years later, gold was over $1,000. If we were to see a similar move again, gold could trade as high as $1,900.” Read More
“Only a few weeks ago, shares of the solar energy giant were trading for over $30.00. But as investors started to worry about oil prices, interest rates, and the global economy, SunEdison stock has lost more than two-thirds of its value. Yet behind the awful headlines, a bottom might be beginning to form.” Read More
“Yes, Amazon, which just celebrated its 20th birthday, is worth more than the world’s largest retailer, which is “only” worth $230 billion. […] But, it’s only a matter of time before Amazon surpasses Wal-Mart in revenues as well.” Read More
“We are living, to a degree, in a kind of hall of mirrors. The poetry is attempting to find out how much of it is real and how much of it is this governmental wiped cream.” Read More
“Warren Buffett is banking on a positive oil price forecast to lend some relief from a bad year in auto insurance investments. A recent $4.5 billion dollar purchase by Buffett’s Berkshire Hathaway of a large stake in oil major Phillips 66 suggests that the legendary billionaire investor sees an oil price rebound on the horizon.” Read More
“While most of the mainstream news we hear today is about China’s economic struggles, other major hubs have been under economic stress for months.” Read More
“Now, the effects of this drop are felt most keenly by silver producers. In a low-price environment such as the one we are seeing today for silver, these mining companies are getting paid less to do the exact same work with the same expenses. Lots of producers, in fact, had to put a pause on their high-cost mining operations.” Read More
“Consumer spending makes up two-thirds of U.S. gross domestic product. And with consumers putting the brakes on spending, you can see why I’m so concerned about the U.S. economy for the remainder of 2015 and well into 2016.” Read More