JPMorgan cut its General Electric price target and told investors to stay underweight on the shares because of weak fundamentals paired with low expectations of future growth. “The GE narrative is as open and undefined as it’s been in decades,” wrote JPMorgan chief financial analyst Stephen Tusa, Jr. in Thursday’s report. “While we expect a […]
Read more
HOW do you best judge the success of an airline? One obvious way is to ask whether lots of people fly with it, and if it makes pots of money for shareholders. Judged on these metrics, few can quibble with the direction that British Airways is heading. Last year 42.1m people flew with the airline, […]
Read moreIf you’re not well-versed on the basics of the stock market, the words and numbers spewed from CNBC or the markets section of your favorite newspaper can border on gibberish. Phrases like “earnings movers” and “intraday highs” don’t mean much to the average investor, and in many cases, they shouldn’t. If you’re in it for […]
Read moreMicrosoft announced a major reorganization on Wednesday that will include thousands of layoffs, largely in sales. The job cuts amount to less that 10 percent of the company’s total sales force, and most will be outside the U.S., the company said. Reports from last week suggested this was going to happen, and that Microsoft was […]
Read more
Active managers, after years of suffering through a low-volatility stock market that has made their lives miserable, are finally showing signs of life. The first half of 2017 saw 54 percent of large-cap managers beat their benchmarks. That number may not sound remarkable on its face but is actually the first time a majority achieved […]
Read moreAmid the turmoil at Uber that resulted in Travis Kalanick’s stepping down as chief executive, the company announced a series of changes in late June aimed at improving its drivers’ work experience, including a new tipping option in its passenger app. But even as Uber makes a concerted effort to win over drivers, it has […]
Read moreAn important moment in the self-diving car debate came on May 7, 2016, when Joshua Brown lost his life after his Tesla vehicle crashed into a semi-truck trailer. Brown had engaged Tesla’s Autopilot feature, and the software didn’t detect the white side of the trailer against the daytime sky. The car slammed into the truck […]
Read more
The opioid crisis has major costs for the U.S. economy, including the labor market, David Mericle, senior U.S. economist at Goldman Sachs, said in a Wednesday note. The report is one of the first from a major Wall Street bank focused on the growing epidemic killing more than 90 Americans every day. “The opioid epidemic […]
Read more
NIKLAS OSTBERG spent much of his youth as a competitive cross-country skier in Sweden. Then he ditched his skis for a less healthy cause. A decade ago he founded a firm that matched online pizza orders to restaurants. It grew into Delivery Hero, a Berlin-based service that last year dispatched nearly 200m takeaway dinners to […]
Read more
OUTSIDE a squat grey building in Santa Monica, the California sun melts the tar. Inside, in a dark room roughly the size of a small shipping container, two men are exploring the world by means of virtual reality (VR). They squash spiders in an abandoned temple, hit a home run at Yankee Stadium and float […]
Read more