Fitbit won’t be profitable and will continue to burn through cash next year, Stifel said as it downgraded the company’s stock to a sell rating. The company that once ignited a boom in fitness trackers hasn’t innovated enough to keep consumers interested, Stifel wrote. Plus, it said Fitbit hasn’t unlocked any meaningful business in the […]
Read moreSoftBank has been in talks to invest as much as $300 million in the dog-walking app Wag, according to people familiar with the conversations. It’s a concrete example of how SoftBank is transforming financing in tech. Wag was originally looking to raise $100 million in this latest round, the sources tell Recode, but it ballooned […]
Read moreThe hot FANG stocks are not likely to continue their strong outperformance in 2018, and investors should look to overweight other technology names and value stocks, according to FundStrat. FundStrat founder Tom Lee says the group could be challenged by the Federal Communication Commission’s decision this week to do away with Obama-era net neutrality rules […]
Read moreAdobe CEO Shantanu Narayen said the company’s record quarter was the result of revamped data services for businesses. “What’s changing actually is we’re targeting a much larger opportunity in the enterprise,” Narayen told CNBC’s “Squawk Alley” Friday. “Thinking about not just how you do marketing and visitor acquisition, but thinking about that engagement in a […]
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A leading indicator for stocks just entered a death cross, but the traditionally ominous signal might not be as scary as it’s cracked up to be. The high-yield corporate bond ETF, the HYG, has fallen 2 percent from its 52-week high, with its short-term 50-day moving average crossing below its long-term 200-day moving average (the […]
Read moreNow that the federal government has rolled back the internet protections it put in place two years ago, the big question is: What does the repeal of “net neutrality’ rules mean to you? In the short term, the answer is simple: Not much. But over time, your ability to watch what you want to watch […]
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The first week of Cboe’s bitcoin futures trading was relatively stable, except for a sudden drop Wednesday afternoon. It turns out that was the same day one of the largest brokerages trading the futures, Interactive Brokers, began allowing clients to short, or bet against, the futures. “The introduction of short sales was necessitated by the […]
Read moreThe FCC’s widely unpopular decision on Thursday to reverse the 2015 Open Internet Order could amp up already fierce enthusiasm around blockchain and bitcoin. Ryan Hoover, Product Hunt founder who also runs the Weekend Fund, says that the rolling back of net neutrality rules underscores the need for decentralization, which is a core tenant of […]
Read moreTraders are making bullish bets using options on Mircon, Red Hat and Paychex ahead of earnings next week. Chipmaker Micron reports earnings on Tuesday after the bell. In the past week investors have bought more than 11,000 calls with a December 48 strike price in Micron, according to Jon Najarian, Najarian Family Office co-founder and […]
Read moreCNBC’s Jim Cramer questioned Friday whether Republicans would be able to pass their tax overhaul bill this year — or if concerns from within the party about the legislation would cause them to fall short, like in their attempt to repeal Obamacare. Cramer spoke just hours before GOP leaders on Capitol Hill were expected to […]
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