It is not Amazon that CVS Health is Afraid of

The real reason why CVS Health wants Aetna is to expand its vertically-integrated business model. Vertical integration means that one company controls as much of the production, financing, marketing, and distribution of a product or service as possible.

CVS Health is already partially vertically-integrated because it operates both drugstores and prescription-management plans. CVS operates clinics in some of its stores for the exact same reason. Buying a health insurance company would give CVS, even more, control over the process.

Read more

The Student Loan Crisis is worse than You Think

An astonishing 49.8% of Millennials said they would give up the right to vote in the next two presidential elections in exchange for student-loan forgiveness, a Pollfish survey conducted by the loan refinancer Credible found.

Read more

The Incredible Value at Oracle

Larry Ellison’s formula for generating all that cash is the same as Warren Buffett’s: float.

If you are looking for a value stock in technology that can make a lot of money, Oracle is it. Just be aware of the serious threats that fast-developing technology poses to its’ lucrative business model.

Read more

Uber Drivers are now Employees in the UK, IPO Predicted

Her Majesty’s government just reclassified Uber drivers from contractors to employees, The Guardian reported. The Employment Appeal Tribunal rejected Uber’s argument that drivers are not employees because they do not work fixed work schedules.

This upends Uber’s business model because it would require the company to provide all the generous benefits, employees are entitled to under British law. That includes union representation and the high taxes that support Britain’s welfare state. Uber has been leaching off the UK’s welfare state because its’ drivers enjoy benefits like free healthcare from the National Health without paying for them.

Read more

Maine Voters Approve Medicaid Expansion

 A majority of voters in a largely rural state with a population that is 94.8% white supported Medicaid expansion. Maine is also a historically conservative and Republican state where 44.9% of the voters supported Donald J. Trump in last year’s presidential election.

Read more

An AI- Powered Investment based on Market Sentiment?

The goal at Sharpe is to fix one of the biggest shortcomings in AI-based investing. AIs are very good at technical or fundamentals analysis; but are unable to judge market sentiment which is based upon human emotions and beliefs.

Sharpe Capital hopes to correct that by teaching AI how to spot patterns of behavior and sentiment in the market, a whitepaper indicates.

Read more

GOP Facing Disaster on the West Coast

Trump’s performance in California was worse than that of William Howard Taft in 1912, Alf Landon in 1936, and Barry Goldwater in 1964. Those were three of the worst presidential losses in Republican history.

The obvious and bothersome lesson here is that the present-day Republican Party and its agenda are a tough sell to a majority of the population in a large swath of the country. What is even more troubling is that nobody at the GOP seems to have got the memo.

Republicans need to figure out what is going wrong on the West Coast before it gets repeated elsewhere. If they do not, the GOP might itself a hopelessly ineffective minority party, or taken over by outside forces its’ present leaders will hate.

Read more

Berkshire Hathaway is now the House of Cash

The potential of this are absolutely staggering. Just a few of the things Uncle Warren can do with all that cash include:
Buy America’s second largest grocer; Kroger (NYSE: KR), outright and still have $75.56 billion left in the bank. That’s amazing because Kroger reported revenues of $118.05 billion on 31 July 2017. Kroger had an enterprise value of $32.74 billion on November 10, 2017.

Read more

Surprise Walmart Pay is winning the Payment Wars

Around 6% of 58,000 customers surveyed by Forester Research said they used Walmart Pay, Bloomberg Technology reported. About 7% of the same group said they had used Apple Pay in the past three months. That means the adoption rate of the two apps is about the same.

The number of active Walmart Pay users will surpass the number of Apple Pay users sometime next year, Richard Crone; the CEO of Crone Consulting told Bloomberg Technology on 7 November. Walmart Senior Vice President for Services and Digital Acceleration Daniel Eckert thinks his company’s victory in the payment wars will come sooner than that.

Read more

Facebook has Two Billion Users

These numbers indicate that Facebook’s ability to generate cash is almost as incredible as the extent of its’ social network. If these numbers are real, Mark Zuckerberg is one of the greatest business geniuses in human history.

Read more