Microsoft will attempt to buy Netflix in an effort to crack into the streaming business, veteran media analyst Porter Bibb predicted on Tuesday. Bibb, a tech and media analyst with more than 40 years experience on Wall Street, did not offer a timeline for when he thought Microsoft could go after Netflix’s assets. But, he […]
Read moreEx-Medicare chief Slavitt adds partners in venture firm investing in the 'most vulnerable Americans'
Former Medicare chief Andy Slavitt has added two partners to his new venture capital firm, which aims to find profits in serving the poorest, sickest and most vulnerable Americans. Slavitt’s Town Hall Ventures is officially launching this week at HLTH, a health-care conference in Las Vegas. Joining Slavitt are Trevor Price and David Whelan from […]
Read moreWarren Buffett believes trying to time the market is a waste of time and hazardous to investment success. The Oracle of Omaha explained why investors should avoid market predictions during Berkshire Hathaway‘s annual shareholder meeting in 1994, obtained through the CNBC Warren Buffett archive. “I never have an opinion about the market because it wouldn’t […]
Read moreThe robot revolution is here, at least for your morning caffeine fix. Cafe X Technologies is a new, $25,000 automated barista designed by the award-winning team behind Dr. Dre’s Beats headphones and speakers: the Ammunition Group. The Jetsons-style coffeemaker can sling 120 cups of joe per hour at specs that satisfy finicky roasters (and project […]
Read moreUber has unveiled its “flying car” concept aircraft at its second annual Uber Elevate Summit, which showcases prototypes for its fleet of airborne taxis. The flying cars, which the company hopes to introduce to riders in two to five years, will conduct vertical takeoffs and landings from skyports, air stations on rooftops or the ground. […]
Read moreCheck out the companies making headlines before the bell: Comcast – The NBCUniversal and CNBC parent is making preparations for a possible all-cash bid for 21st Century Fox’s entertainment assets, according to sources. Fox has an agreement in place to sell those assets to Walt Disney for $52.4 billion in stock. Dean Foods – The […]
Read moreHigh hopes for the earnings season have turned reality, but the markets haven’t rallied. One of Wall Street’s biggest bulls says there’s nothing to be concerned about. “I think the disconnect around all of this really lies around the fact that we’ve got great earnings — 25 percent earnings growth — and everybody’s saying ‘well, […]
Read moreWith volatility returning to the stock and bond markets and valuations of almost all financial assets very high, alternative investments and alternative investing strategies should be popular. They’re not. “There is not as much interest in the alternatives space as one might expect, given the volatility in markets,” said Tayfun Icten, a senior analyst at […]
Read moreBank of America’s investment arm has offered some soothing words to investors fretting about an imminent meltdown in global equities and a resulting slowdown. The investment community have been busy watching the recent trend in bond yields this year, with many commentators predicting that the current economic cycle could be reaching a peak. The “flattening […]
Read moreCarl Icahn and Darwin Deason, shareholders in Xerox who oppose an agreed deal with Fujifilm, said they would consider an all-cash bid of at least $40 per share — a 43 percent premium to the Japanese firm’s offer. In setting a minimum price tag on Xerox, the billionaire investors have thrown the ball back into […]
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