Elon Musk is racing to land SpaceX on Mars in five years, a vision he unveiled late last month at the 2017 International Astronautical Congress. One man not among Musk’s critics is Scott Kelly, a retired astronaut who set the record in 2015 for total accumulated days in space, during the single longest mission by […]
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Speculation in digital currency bitcoin is apparently spilling over into an obscure e-commerce stock. Shares of Overstock.com surged more than 14 percent Tuesday. The stock has hit four-year highs on mounting excitement around the company’s venture into blockchain, the technology behind bitcoin. “I think the new story for Overstock is that we should anticipate this […]
Read moreIf he didn’t have a family, then “yeah, absolutely” he would run for President of the United States in 2020, says billionaire tech entrepreneur Mark Cuban. “If I was single, I would do it. For sure,” says Cuban, during a court-side interview at his Dallas Mavericks team practice on Monday. But given that he’s married […]
Read moreFacebook executive Regina Dugan is stepping down as head of the company’s Building 8 research unit after just 18 months. The departure of Dugan, who defected to Facebook from Google in April, 2016, comes two months after CEO Mark Zuckerberg named Andrew Bosworth as head of all the company’s hardware efforts. Dugan, who wrote a […]
Read moreTech valuations continue to climb, and according to one industry expert, it’s the result of an evolving winner-take-all system in the industry. “If you look at the valuations, the number one player has more than the valuation of the next five or 10 combined,” Scott Galloway, professor at NYU’s Stern School of Business, told CNBC’s […]
Read moreBill Nyrgen shared his market views and top stock ideas in an interview on CNBC’s “Halftime Report” Tuesday. The value investor explained he is bullish on Netflix shares even at a seemingly high price-to-earnings valuation multiple because the company has built a strong competitive position. “We think there is a lot of latent pricing increase […]
Read moreThe biggest competitive risk to Netflix is Amazon launching a stand-alone streaming service for $7 a month, closely followed tech analyst Mark Mahaney told CNBC on Tuesday. “If (Amazon) really pivots and want to go after Netflix and offer a stand-alone streaming subscription business for $7 a month, that would be Amazon-esque and that would […]
Read moreWhile the rest of Wall Street was gushing over Netflix’s earnings results on Monday, there were two major analysts on the sidelines, citing concerns about lower profit margins as the video streaming giant spends big on content. Credit Suisse analyst Stephen Ju and Jefferies analyst John Janedis both expressed concerns that much of Netflix’s revenue […]
Read moreAs investors get more confident about the latest leg of the stock market rally, one Wall Street strategist is growing more concerned. “This is kind of how bull markets end,” Savita Subramanian, equity and quant strategist at Bank of America Merrill Lynch, told CNBC during an interview Tuesday. “What we’re in right now is this […]
Read moreGlobal fund managers are making big bets on higher interest rates, but they are not expecting U.S. tax reform to bring significant gains to the stock market or other risk assets. According to the monthly Bank of America Merrill Lynch survey, global fund managers are rotating into banks and Japan and out of utilities, bonds […]
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