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Vale stock plunges after Brazil disaster; $19 billion in market value lostBrazilian miner Vale SA's shares plunged on Monday, wiping out 71.34 billio... Selling shares of stock after a corporate-induced environmental disaster needs to be outlawed. That money belongs to the claimants. Making a habit of having tailings ponds break. Good. That's exactly what should happen to any company responsible for an environmental failure/disaster of this magnitude.
Source: Reuters - 🏆 2. / 97 Read more »
The Investment That Cost Apple $9 Billion in 2018Many large companies, including Apple, Wells Fargo and Citigroup, have used much of the windfall from the 2017 tax overhaul to buy back shares. But the recent plunge in stock prices has made that look like a bad idea. Bad self investment decision cost Apple $9 billion in 2018. 5 reasons for Citi to buy Apple , including back -to - school demand. ...or maybe it’s due to the espionage of its own product 🙄
Source: WSJ - 🏆 98. / 63 Read more »