Opinion

A big EV battery IPO is here. Be careful

  One of the biggest electric-vehicle battery companies in the world is going public. South Korea’s LG Energy Solution, which makes powerpacks for the likes of General Motors Co, is looking to raise up to almost $11 billion in a listing that could value the company at close to $60 billion. Big, bold and promising as that is, investors need ...

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Young retail investors are shooting for moon

  The Robinhood crowd came to the fore this year, with their enthusiasm for meme stocks making them a force for professional traders to reckon with. Pandemic lockdowns sparked a wave of interest in day trading, and with it rose the dangers of misunderstanding the investment boundary . Still, retail buyers’ appetite for risk shows no sign of abating. That’s ...

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Foreign hedge funds take new run in China

  They meet again. Hedge funds that profited from the debt restructuring of Kaisa Group Holdings in 2015 are back, circling the Shenzhen-based real estate developer that is once again trying to dig out from under a mountain of debt. This time, the stakes are even bigger. About $12 billion of dollar-denominated debt is at risk versus only $2.5 billion ...

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The fight for democracy needs some hypocrisy

  It doesn’t take a genius to see that a subtext of President Joe Biden’s “Summit for Democracy” last week was an effort to raise the ideological stakes in the competition between the US and China. And only a fool would believe that the strategy will work without a healthy dose of diplomatic hypocrisy. The notion of an “alliance of ...

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Will it be a blue omicron Christmas?

It’d be an understatement to say that UK Prime Minister Boris Johnson needs the public’s support right now, as a worrying new Covid variant spreads across the land. It’d also be an understatement to say that he and his fellow Conservatives are doing a bad job at rallying that support. To sum up Partygate: There were accusations of a Christmas ...

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Cash is dying, but we aren’t ready to bury it

  The demise of cash is near. As consumers, though, we should hope that the end doesn’t arrive too soon. It isn’t the pandemic that’s putting this popular means of payment out of existence. All that Covid-19 has done is to accelerate a trend that was already with us. When Steve Jobs unveiled the first iPhone in 2007, he began ...

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Fed needs to go beyond doubling its taper rate

  After the hot inflation numbers out of the US, it would be inadvisable and unfortunate if the Federal Reserve were to resist at its policy meeting this week what have become broad-based calls for it to double the rate at which it is tapering its monthly bond purchases. In fact, the Fed should go well beyond that. Sadly, the ...

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2021 was the year of supply chains. Get ready for sequel

  From container-ship pileups at West Coast ports to the Ever Given’s viral weeklong blockage of the Suez Canal to shortages ranging from the quirky (cream cheese) to the catastrophic (semiconductors), the supply chain has never been as top of mind as it was in 2021. Case in point: The best-performing industrial stock on the S&P 500 was Old Dominion ...

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‘Tis the season for holiday disputes

  It’s mid-December, time for my annual dispatches from the Christmas wars: Let’s start with the latest on a holiday battle that’s been going on for six years. I haven’t yet seen “Twas the Fight Before Christmas,” the documentary by the director Becky Read, but I’m looking forward to watching it. The film, now streaming on Apple TV+, chronicles the ...

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Omicron scrambles what we know about immunity

  Forget the debate over how scared we should be of omicron. What matters is putting our energy into solutions that work — taking action that matters on a personal level and demanding effective actions from world leaders. Scientists are already scrambling to learn how well our existing vaccines will work against this new coronavirus variant. That can help predict ...

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