Asia is set for a mixed trading day on Wednesday, even after U.S. equities closed higher overnight. In Japan, the Nikkei 225 was up 0.23 percent at 20,662.48 in early trade and the Topix index advanced 0.1 percent. Fast Retailing shares were up 1.73 percent after reports said same-store sales at its Uniqlo retail outlets […]
Read more“Bond King” Jeffrey Gundlach has an unusual pick for who President Donald Trump will choose to be the next Federal Reserve chief. “I actually have a very non-consensus point of view. I think it’s going to be Neel Kashkari,” the the CEO of DoubleLine Capital told the Vanity Fair New Establishment Summit on Tuesday in […]
Read moreDespite his decades on Wall Street, sometimes CNBC’s Jim Cramer is downright bewildered by how strongly the market trades regardless of the news flow. “In a stampeding bull like this one, the level of optimism can feel borderline delusional,” the “Mad Money” host said. “There’s a total suspension of skepticism, along with a widespread belief […]
Read moreUber said on Tuesday that it will accept an investment from Japanese tech investor SoftBank, joining a growing portfolio of U.S. technology investments made by intrepid mogul Masayoshi Son. The investment is roughly $1 billion, according to The Wall Street Journal, and allots two board seats. Uber told CNBC: “Today, after welcoming its new directors […]
Read moreESPN’s upcoming digital service will give viewers access to content not seen on TV , Disney CEO Bob Iger told CNBC’s “Fast Money.” The “add-on” service will let people watch ESPN content via mobile app. To watch, viewers will have to provide information from their current cable, satellite or over-the-top streaming services. The same app […]
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When stocks run higher in spite of tragedy and turmoil, CNBC’s Jim Cramer finds it helpful to check in on the CBOE Volatility Index, the market’s fear gauge commonly known as the VIX. “When investors are scared, the VIX shoots higher; when they feel confident, the VIX goes lower,” the “Mad Money” host said. “When […]
Read moreJPMorgan’s top quant said the tax plan released by President Trump and the GOP last week could further boost the stock market if it becomes law. “If we can have tax reform, [the] market’s going to look a little bit cheaper and people will probably go and pick up some value-type stocks,” said Marko Kolanovic, […]
Read moreDisney CEO Bob Iger confirmed that the company considered acquiring Twitter before instead purchasing a majority stake in sports streaming site BAMTech. The company was looking at different way to open up its distribution business and go directly to customers, Iger said at the Vanity Fair’s New Establishment Summit in Los Angeles on Tuesday. One […]
Read moreDespite his decades on Wall Street, sometimes CNBC’s Jim Cramer is downright bewildered by how strongly the market trades regardless of the news flow. “In a stampeding bull like this one, the level of optimism can feel borderline delusional,” the “Mad Money” host said. “There’s a total suspension of skepticism, along with a widespread belief […]
Read moreWith Netflix planning to spend up to $7 billion next year on content, HBO CEO Richard Plepler is in no hurry to match the company dollar for dollar. “More is not better, only better is better,” Plepler told CNBC’s “Power Lunch” on Tuesday. “It is very hard to create outstanding content, and we think we […]
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