Category: Finance

Uber stock had a rough May, when it opened at $45 per share only to watch its value fall on the first day of trading. One month later, bullish analysts have helped the stock rebound, and today it rose above its IPO price for the first time (reaching $45.66 per share) before closing at $45 once more. The stock market was strong overall for the second straight day despite reports earlier in the week about possible Justice Department and Federal Trade Commission investigations into tech giants like Facebook, Alphabet Inc., and Amazon. The Entrepreneur Index™ rose…

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Federal Reserve Bank Chairman Jerome Powell said today that the Fed “will act as appropriate to sustain the expansion” of the economy. The market is currently pricing in two cuts in interest rates by the Fed before year-end. Powell’s message along with encouraging comments from Chinese and Mexican officials about reaching trade deals with the U.S. put a charge in stock prices today. The Nasdaq Composite index was up 2.65 percent after a sharp drop yesterday. The Dow and S&P 500 indexes were up 2.06 percent and 2.14 percent respectively.…

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The internet heavyweights were all down sharply as various media reported that the Justice Department and Federal Trade Commission were planning to launch investigations of the companies. Facebook was down 7.51 percent, Alphabet Inc.(parent of Google) fell 6.11 percent and Amazon.com dropped 4.62 percent. Netflix, not under government scrutiny, was down a more modest 1.94 percent. The rout in tech stocks led to a 2.04 percent loss for the Entrepreneur Index™. The Nasdaq composite index was also down 1.61 percent. The Dow with a late surge gained 0.02 percent while the S&P 500 index fell 0.28 percent. Other…

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At its height in 2015, blood-testing startup Theranos was valued at $9 billion and its founder, the then 31-year-old Elizabeth Holmes had a net worth of $4.5 billion. She was the youngest woman to become a self-made billionaire. She was held up as a Silicon Valley wunderkind. The only problem was that it was all a lie. Holmes launched her biotech company on the promise that her device could conduct a wide range of medical tests on just one drop of blood. She started it as a 19-year-old Stanford drop out, and…

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In this video, Entrepreneur Network partner and finance pro Jeff Rose explains why using a traditional bank to open a Roth IRA might be a bad idea. He says that you don’t need to go to a bank to start investing when online resources available can help. Rose comments that many people like to use tools like Betterment, Wealthfront and Robinhood to invest using just a computer and an internet connection. It’s important that you’re confident about where your money is going and the advice you take is coming from a reliable source.…

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