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Why Alibaba, Baidu And Nio Shares Are Trading Lower
Tuesday, April 5, 2022 - 11:57am | 416Read More...Shares of several Chinese stocks including Alibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU) and Nio Inc (NYSE: NIO) are trading lower Tuesday amid growing COVID-19 concerns in China, with over 13,000 daily cases reported in Shanghai. The surge in cases has led US...
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Ex-SEC Chief Pitt Surprised At Investor Gullibility, Says They're Buying 'Garbage'
Tuesday, June 16, 2020 - 11:57am | 381Read More...Securities experts always followed the mantra that companies can sell their "garbage" stock to the public so long as the company acknowledged it is "offering garbage and you shouldn't really buy this but you have the chance to buy it," said ex-SEC Chairman Harvey Pitt. For...
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Elon Musk's Tesla Go-Private Tweets: Are They Legal And Is The Deal Even Plausible?
Tuesday, August 7, 2018 - 2:47pm | 724Read More...Tesla Inc (NASDAQ: TSLA) shares were halted with news pending Tuesday at 2:08 p.m. after CEO Elon Musk tweeted he was considering taking the company private. The tweets came not long after a report that Saudi Arabia's sovereign wealth fund has built a $2 billion stake in Tesla. Tesla...
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Former SEC Chairman: NYSE Didn't Handle Trading Halt 'As Well As They Should Have Been Able To'
Thursday, July 9, 2015 - 3:13pm | 297Read More...The 3 1/2 hour trading halt at NYSE on Wednesday has spooked many investors and several conspiracy theories relating the incident to a plot by terrorists or hackers have been cropping up. Harvey Pitt, former chairman of the U.S. Securities and Exchange Commission, was on CNBC Thursday to...
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Harvey Pitt Says That Goldman Will Regret The Image They Have Created (GS)
Tuesday, June 8, 2010 - 10:58am | 481Read More...Former SEC Chairman Harvey Pitt spoke with Bloomberg Television's Erik Schatzker about the news today that the FCIC has subpoenaed Goldman Sachs and offered his views on how the firm needs to avoid costly litigation and repair its image to clients. Excerpts of the interview can be found below....
