Weekend roundup: Musk’s ‘funding secured’ | Buffet’s market warning | A new trade war - http://earlyretireonline.com | how to earn money fastAugust 10, 2018 4:13 pm
Categorised in: Breaking Financial News
MarketWatch rounds up 10 of its most interesting topics over the past week.
1. After Musk’s big tweet
Tesla TSLA, +0.30% CEO Elon Musk said in a Twitter posting on Tuesday that he was considering taking the electric auto manufacturer private, with “funding secured” at $420 a share. That would be a 23% premium to Monday’s closing price or a total of $72 billion. Steve Goldstein considers whether Musk had violated any public disclosure rules.
Here’s what others had to say:
2. Warren Buffett believes in this market warning
Followers of the financial media are aware that someone is always warning of a sharp stock-market decline. But here’s a simple method of measuring the valuation of the entire U.S. stock market that Berkshire Hathaway BRK.A, -1.30% BRK.B, -1.55% CEO Warren Buffett has called “the best single measure” of whether stocks look like a steal or are overvalued. This “Buffett indicator” points to a long period of subpar returns.
More on Buffett:
Another fascinating warning: Behold the ‘scariest chart’ for the stock market
3. A domestic trade war may be brewing
Visa V, -0.31% and Mastercard MA, -0.60% have been incredible stock-market performers over the past five years. The driver for the credit-card processors’ performance has been the interchange fees they charge retailers, which typically range between 2% and 3% per transaction. But now retailers are beginning to resist.
4. A new way to get quick medical help
CVS Health Corp. CVS, +0.00% is among several companies offering quick consultations with doctors that which might save you time, money or both.
5. Reconsidering treatment for Alzheimer’s
6. You are probably paying too much for financial services
Here’s a way to estimate how much you are paying and some tips on how to pay less.
7. Is this a sign that the housing market turning?
U.S. home prices rose at the fastest pace in four years, according to CoreLogic. However, Redfin CEO Glenn Kelman sees signs of “slowing traffic growth in a weakening real-estate market.”
8. Post mortem for a failed merger
Rite Aid’s RAD, -3.90% shareholders pushed back against the company’s agreement to be acquired by Albertsons Cos., and the deal was canceled on Thursday. Here’s why the merger probably wasn’t a good idea to begin with.
9. The stock market has recovered from its early 2018 dip — here’s what may lie ahead
Mark Hulbert calls the correction in the U.S. stock market following the Jan. 26 top for the S&P 500 “entirely average” and looks at how the market typically behaves after a recovery.
10. Here’s where a billionaire hedge-fund manager focuses his investments
Hint: it isn’t the U.S.
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