Buzz surrounding the Alibaba IPO has gotten louder as the Chinese e-commerce giant announced late Monday that it will increase the price range of its initial public offering to $66-$68 per share, according to a filing with the Securities Exchange Commission. According to that same filing, the company does not plan to increase the number of shares sold. Alibaba will price Thursday evening ahead of its first day of trading on the NYSE on Friday.
FOX Business sat down exclusively with Rapid Ratings chairman and CEO James Gellert on Monday to get his rating on Alibaba.
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FBN also went one-on-one with former Federal Communications Commission chairman Michael Powell to discuss the proposed merger between Time Warner Cable and Comcast, and how it could change the way that we all consume television. Powell believes the deal between the two cable giants is likely to go through.
Legendary investor Scott Black joined FBN to discuss why it is extremely important to be a “bottom up” stock picker. Black says he prefers large cap stocks to small cap – he particularly has his sights set on Winnebago (NYSE:WGO).
It’s going to be a busy day in the business world on Tuesday. The Federal Reserve will kick off its monetary policy meeting, with a decision to be announced on Wednesday.
At 8:30 a.m. ET the latest producer price index (PPI) data will be released. The PPI measures the change in prices at the wholesale level.
To check out all of today’s interviews, log on to FOXBusiness.com/OnCall; and be sure to tune in to Countdown to the Closing Bell every weekday at 3 p.m. ET.