Nvidia is slated to report third quarter earnings after the bell Thursday. Here’s what Wall Street expects: EPS: 94 cents per share according to Thomson Reuters consensus estimates Revenue: $2.36 billion according to Thomson Reuters consensus estimates Analysts forecast double-digit growth in revenue and earnings year over year, representing a slowing in the chipmaker’s record-setting […]
Read moreTwo technology giants in China are vying for gains through initial public offerings on major U.S. stock exchanges. “You’ve got this indirect battle going on between Tencent and Alibaba,” Kathleen Smith, principal and manager of IPO ETFs at Renaissance Capital. “The forces are all lining up when it comes to commerce, payments. It’s pretty hard […]
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Equity markets in the U.S. have notched record after record in 2017, but emerging markets are on pace for a record year of their own. One popular emerging markets-tracking exchange-traded fund, the iShares MSCI emerging markets ETF (EEM), has rallied 32 percent this year, on pace for its best annual performance since 2009. Its strong […]
Read moreAnother U.S. mall landlord could be facing activist pressure. Dan Loeb’s hedge fund, Third Point, has reportedly built a position in retail real estate investment trust Macerich, people familiar with the matter told Bloomberg. Macerich shares jumped more than 12 percent Thursday afternoon on the news. Representatives from Third Point and Macerich didn’t immediately respond […]
Read moreIt’s been a rough ride for Snap — and now some of its investor-users are losing faith. When Snap went public in March, free stock trading platform Robinhood had its highest activity levels ever. More than 40 percent of its users, who are mostly between 18 to 24, bought Snap that day, Robinhood said at […]
Read moreBillionaire investor Mark Cuban said Thursday that his biggest holding is in e-commerce giant Amazon followed by the streaming titan Netflix. “Just because of their growth,” Cuban said at The New York Times DealBook Conference. “I’ve had them for a long time. I don’t switch things around. I don’t move it around a lot.” Amazon, […]
Read moreBillionaire investor Mark Cuban believes sports rights fees for the NBA are going to “skyrocket” because ongoing media consolidation has been “irrelevant” for traffic thus far. “One school of thought says ‘well, sports right fees must be going because it’s tougher in that market,'” Cuban explained to CNBC’s Andrew Ross Sorkin at the NYTimes Dealbook […]
Read moreMicrosoft co-founder Bill Gates, Amazon founder Jeff Bezos and Berkshire Hathaway CEO Warren Buffett have collectively more wealth than the 160 million poorest Americans, or half the population of the United States. That’s according to a new report from the progressive Washington, D.C.-based think tank Institute for Policy Studies. The report, published Wednesday, calls attention […]
Read moreWhole Foods stores are about to get cozier with Amazon. A handful of Amazon-branded pop-up stores will be rolling out at select Whole Foods locations for the holidays. The Amazon-staffed centers will launch in mid-November, at stores in Illinois, Michigan, Florida, California and Colorado, according to Whole Foods. There, shoppers will be able to try […]
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IN RECENT months Google and Facebook have made changes that may escape the notice of most of their billions of users, but not of news organisations. Facebook began displaying the logos of publishers in some of its posts, so readers can identify the news source. And Google for the first time gave publishers the ability […]
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