Money Morning

How Much Is Alibaba Really Worth?


With all the talk of Alibaba being the biggest IPO ever, the next question to answer is: How much is Alibaba really worth?

When Alibaba announced its initial stock price range, the company said it would reach a valuation of $155 billion at the midpoint of that range. Now that Alibaba has lifted the range, it will likely be valued much higher. A survey of Bloomberg analysts concluded that Alibaba could be worth roughly $200 billion following the IPO.

A key factor in how much Alibaba is worth is the Chinese e-commerce market.

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FOMC Meeting Today Saves Big News for Next Month


The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting today went according to plan, as the Fed will continue to taper bond purchases and is maintaining hushed tones on interest rate increases after the third round of quantitative easing (QE3) ends.

As far as monetary policy is concerned, nothing changed.

Investigation of D.C.-Wall Street Corruption Hits Yet Another Roadblock

There’s a new twist in an ongoing U.S. Securities and Exchange Commission probe into D.C.-Wall Street corruption.

For months now, the SEC has been investigating whether anyone in the federal government leaked inside information to a Washington-based investment research firm. And now up to 44 hedge funds that may have traded on that inside information are under close scrutiny.

This Week’s FOMC Meeting: Words Are Everything


Since December 2013, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting has been a routine exercise couched in humdrum Fedspeak and muted discussions on future monetary policy.

But with the meetings happening today (Tuesday) and tomorrow, it’s becoming clear that the Fed can’t stick to the same script for much longer, and at some point, the nation’s central bank is going to have to come clean on when it plans to raise interest rates from its near-zero levels.