The Ins and Outs of a Potential Yahoo-AOL Merger

There was a time when a merger between Yahoo! Inc. (NASDAQ: YHOO) and AOL, Inc. (NYSE: AOL) would have inspired antitrust whispers.

The days when these two companies dominated the web are long gone, but could a merger between the two be the best path forward?

Activist hedge fund Starboard Value LP believes so, and it has been pushing the two companies to consider joining forces. Continue reading

Is Congress Keeping Black Market Marijuana Dealers In Business?

The wave of marijuana legalization that has swept across the country in recent years continued in the recent midterm elections. Oregon, Alaska and the District of Columbia all voted to legalize the drug for recreational use. As many expected, the cannabis industry is booming in states like Colorado, and some analysts predict that legal U.S. marijuana revenue could reach $10 billion by 2018.

There has long been an underground marijuana culture in the United States, but recent state-specific legalization has meant that the federal government is benefiting from marijuana tax revenue for the first time. Ironically, this boost in tax revenue has come despite the fact that marijuana is still illegal on the federal level. Continue reading

How Elon Musk Plans to Revolutionize the Tech World

Visionary entrepreneur Elon Musk is making headlines once again, this time for exploring the potential of Internet satellites.

Musk has been working with former Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) executive Greg Wyler on designing small, inexpensive satellites that can provide Internet service worldwide.

The group’s current plan is to launch a fleet of about 700 satellites, each of which would be about half the size of the smallest communications satellites now in operation. Wyler’s startup, WorldVu Satellites Ltd., is looking to build a factory to manufacture the satellites inside the U.S. Continue reading

The Legal Implications of Space Tourism

The recent crash of the Virgin Galactic’s rocket-powered spaceship has drawn attention once again to the dangers of space travel. The reality of buying a ticket to space seems to be just around the corner. However, Virgin Galactic’s recent tragedy has put a spotlight on the legal implications of such a seemingly dangerous new industry.

On October 31, Virgin Galactic’s SpaceShipTwo crashed over the desert of Mojave, California, during a test flight, killing one of the two pilots aboard. The spacecraft’s unique “feathering” system, a method of positioning the rudders to maximize drag during descent, deployed too early during the flight. The spacecraft disintegrated seconds later, leaving the two pilots helpless during a 10-mile drop to Earth. Continue reading

What I’m Buying: Oil

A couple of weeks ago I posted here on Trading Common Sense that I had sold my largest position: Apple. Despite the fact that I still have more cash in my account than anything else, I have a new largest investment position. Some call it “black gold,” some call it “Texas tea,” but I call it “United States Oil Fund, LP.”

Here was my dilemma once I had sold Apple: what the heck is out there to buy? A good friend of mine had asked me what stock he should buy about a month ago. I told him, “I’ll get back to you.” And then I realized a month had gone by without be coming across a single “can’t miss” idea. Continue reading