UBER STOCK TANKED, AFTER IT’S IPO HIT THE MARKETS!!!!!!!!!!!!!!!!

By: Economic & Finance Report

Uber the rideshare tech company, its stock tanked on its first official trading day on the NYSE, Friday, May 10, 2019 will be a day of turmoil on the Uber corporate calendar. It was a horrible trading day for the mammoth ride sharing tech company.

Uber declined close to 8% during the stock market trading day. The stock plummeting so much (in which it did), is the first time any stock has come out the gates on Wall St and lost so much market share. The valuation of Uber was at $76 billion dollars, when analysts had predicted that it would be valued around $90-$100 billion dollars, well that didn’t happen. Not only that, Uber has been bleeding money and the perception is that, Uber won’t actually make any real money until the year 2024, hopefully.

Uber being one of the biggest IPO companies probably since Alibaba, Facebook and a few others. So it to falter as it did was a shocker to some and to others, not so much. Technology companies tend not to fare well in the beginning of their IPO presence. Facebook had a rocky start coming out the gates and other big tech companies before it, have gone through similar revelations.

It’s the test of time that will dictate the longevity of Uber’s existence and if they can navigate their ship in theses rough and turbulent stock market waters. -SB

U.S. ENERGY SEC. COMMENDS MEXICO’S ADMIN IN ENDING FUEL IMPORTS!!!!!

By: Economic & Finance Report

United States Energy Secretary Rick Perry applauded Mexico’s incoming administration for ending gasoline and diesel imports. The imports come directly from the United States and the effects will prove profitable for Mexico, long term. 

 Mr. Lopez Labrador, Mexico’s incoming President, has indicated he was would end foreign imports to Mexico within the next 3 years. Refiners in the U.S. have invested billions of capital in Mexico and it has been prosperous for both countries.

Energy trading between United States and Mexico has been advantageous between both countries. -SB

KRISPY KREME BUYS PANERA BREAD FOR A WHOPPING $7.5 BILLION!!!!!!!!!!!!!!!!!!!!

By Economic & Finance Report:

Krispy Kreme owner JAB just placed another food entity in its business portfolio, by acquiring Panera bread for $7.5 billion dollars. Krispy Kreme head honcho Oliver Goudet stated that himself and his team strongly “supported the vision” of Panera and it’s strategic alliances.

Panera Bread will be serving the same soup specialities, and the menu will not change drastically, because of the new takeover by JAB. Panera will continue instilling its visionary primal goals and continue its deliverance in the successes that has  been provided to them.  In the USA and Canada alone,  Panera Bread has over $2,300 restaurants and counting. -SB

SNAPCHAT IPO MADE ITS DEBUT TODAY MARCH 2, 2017 THURSDAY…..

By: Economic & Finance Report

Snap Inc (Snapchat) opened and closed today on the tech boards. It was one of the few Tech IPO’s that successfully launched in 2017, thus far.  Analysts had placed the valuation of Snapchat @ $24 share, and it skyrocketed closing 44% higher then when it started. It beat expectations closing above the $24/share prediction by observers.

Snapchat is trading under the ticker symbol SNAP on the NYSE.  The market capitalization of Snapchat is around $33 billion dollars, noted by analysts and researchers alike.

Snapchat mobile app, was created by 26 year old tech  billionaire Evan Spiegel and co founders Bobby Murphy, Reggie Murphy, when they were college students at Stanford. -SB

TECHNOLOGY RIDE SHARE COMPANIES UBER & LYFT ARE EARNING WAY MORE THEN YELLOW/GREEN CABS & TAXIS!!!!!!!

uber-lyft

By: Economic & Finance Report

It seems that Uber and Lyft are crushing the competition in the customer service ride share industry, if that is even an industry to say the least; these two mega companies created and infiltrated ride share customer service. While they are in the forefront of picking up customers through their online apps, taxis and cabs in metro areas like NYC, Miami, Chicago, Atlanta, LA, San Francisco are taking hits and seeing major declines in customer pick ups.

Taxi and cabs are increasingly losing value as the ride share tech giants are taking over the industry, revenue for cabs have gone done drastically even though cabs pickup more people in metro areas such as New York City, statistics show  in NYC, taxis in the city picked 450k-500k passengers in April 2016 as compared to Lyft’s & Uber’s 200k passengers combined according to stats provided by Morgan’s Stanley. Though taxis and cabs picked up more people during that time period; their revenue did not come close to what Uber/Lyft  made during that month of April.

It looks like Lyft and Uber are giving cab/taxis a run for the their money, or  at least “a ride for their money”. -SB

 

US BANKS AHEAD OF THEIR EUROPEAN COUNTERPARTS BECAUSE OF BREXIT!!!!!!!!!

Brexit

By: Economic & Finance Report

The US banks revenue from 2015, beat the revenue of Euro banks by almost double in profit. European banks earned $26B last year, compared to their American counterparts, whom earned $43B the same year (2015).

In 2016 the revenue between the two powerful continents will expand wider; especially since Great Britain has made the decision to BREXIT the EU. Analysts believe this will leave a monstrous dent in the financial sector and the banking industry in Great Britain. With no power players in sight; many investment bankers are already inquiring high end employment agencies about referrals and transfer opportunities in the US, or other market driven countries.

I guess to them, the money does not seem to be in Europe right now; well at least not in Great Britain, with economic prices fluctuating rapidly and uncertainty brewing, where else can anyone turn??? Cheerio -SB

EMPLOYMENT OPPORTUNITIES KEY IN INDIANA STATE…..

Indiana

By: Economic & Finance Report

Job opportunities continue to flourish in Indiana. Indiana added 219,000 jobs in the private sector in July 2015. This placed the state in 12th as far as private sector job employment.

Indiana ranks #2 in adding the most manufacturing jobs to its state.  According to the Chicago Tribune, Indiana has added over 91,000 jobs in the manufacturing industry alone, for its state constituency. It has the 4th most manufacturing private sector jobs in The United States.

The state is above the national average as far as labor force participation. The national average is around 62.6%, Indiana is at 63.5%. This has allowed Indiana to have  fruitful unemployment numbers below the national average, at 4.7%, national average (5%).  Indiana must be doing something economically right.-SB

INVESTING IN TODAY’S CARIBBEAN MARKET…..

Caribbean island pic

By: Economic & Finance Report

The Caribbean is offering investors some good opportunities, especially in the energy sector it seems. Cuba is planning to focus on solar and wind products, as well as Puerto Rico also. These investments along with renewable energy allows the Caribbean to be a key player in shift from dependable energy to independent renewable resources.

The World Bank figures indicate that investment in the caribbean has more then doubled as well. In 2013 over 200 billion dollars had been invested in Caribbean islands in different capacities.

The renewable energy and solar and wind markets are key in the investments in the Caribbean, indicated by local analyst who indicate these markets can be sold for cheap and be frugal in rate of return because of their high usability on the islands. Tourism also plays a key role in the investments and economy in the Caribbean region. These factors allow more development to be placed on various islands in the region and help the GDP of Caribbean nations entirely. -SB

AS THE NEW YEAR 2015 BEGINS…. ENERGY STOCKS MAY CONTINUE EROSION….

By: Economic & Finance ReportENERGY PIC

As the new year begins in 2015 many energy investors are seeking to seethe, especially wondering if the energy stock sector will improve??? It has been a tumultuous roller coaster for  energy stocks in particular. The price of oil increasingly declining brought about low production of oil and energy resources in 2014. Will it differ in 2015???

Insiders believe bigger energy/production companies will  be over leveraged, thus taking out the smaller players (energy/oil companies), also bringing about more partnerships and alliances; along with more mergers and acquisitions definitely could be in play for 2015. The lack of gains in the sector has affected smaller companies already and bigger energy companies also. 

-SB