The once-thriving tech industry is now grappling with a harsh reality as widespread layoffs continue to sweep through the sector, leaving tens of thousands of workers struggling to find new employment.
U.S. stock markets charged to record highs last week, but a Goldman Sachs downgrade knocked down the so called FAAMG tech stocks that have led the Trump stock boom.
Kirk Bostrom at Strategic Preservation Partners LP warns that a global government bond crash is finally under way.
Uber is now valued at almost $51 billion, a valuation that puts the “on-demand mobile service” (ODMS) leader at the level of Facebook in 2011. The company’s fund-raising success has spurred a vast number of “Uber for X” start-ups that are building corporate empires with legions of outsourced contract workers. But the “gig economy” seems to be operating the same money-losing business model as the “Dot-com Bubble.”
15 years after the Dot-Com Bubble burst, the Nasdaq Composite Index leapt by 20.89 points, or 0.4%, to close at 5056.06 on Thursday, a record high. The strength of the index is being driven by the Silicon Valley 150 tech companies that have provided the juice to lift the NASDAQ by 6.8%, despite U.S. stock performance trailing major world markets.
Silicon Valley is again “champagne style and caviar wishes” as people around the world paid $18,000 for Apple watches last week. But with Moore’s Law predicting computer power will double annually as prices fall now turning 50 years old, it is helpful to put in perspective that the NASDAQ Index dominated by “Valley” tech stocks that has almost tripled since 2010 to 4931, is a couple of percent short of its Dot-Com Bubble peak of 5132 in March 2000. But adjusted for inflation, the NASDAQ still is still down 34 percent.
Great money managers say the secret to success is not the ability to buy good stocks, but the ability to know when to sell them. In a recent post on his blog, Dallas Mavericks owner and serial entrepreneur Mark Cuban said
