A possible move by former General Electric CEO Jeffrey Immelt to ride-hailing company Uber is surprising, CNBC’s Jim Cramer said Monday. On Saturday, Recode reported that Immelt, who is still GE’s chairman until the end of the year, has emerged as the front-runner to become Uber’s new CEO after Uber founder and Chief Executive Travis […]
Read moreCompetition for housing is soaring, affordability is weakening, and the U.S. housing recovery is grinding to a crawl—and, in large part, the baby boom generation is to blame. No, they’re not doing anything immoral or illegal; in fact, they’re not doing anything at all, and that is precisely the problem. They’re not moving. Baby boomers, […]
Read moreCredit Suisse has released a list of “Seven Retail Sins,” highlighting some problems faced by retailers that the firm’s analysts saw emerge in a slew of earnings reports over the past few weeks. “Results last week, particularly in the sporting goods space, serve as a reminder of some of the key issues impacting the retail […]
Read moreCurrency, United States Finance
Spanish police say 'shot down' person, public TV says it is Barcelona attack suspect
Spain’s bomb squad was using a robot to get close to a man shot by police on Monday who public television said was the man wanted for driving a van into crowds on a Barcelona boulevard last week, killing 13 people. Police said the man was wearing what appeared to be an explosive belt, which […]
Read moreMonday’s solar eclipse is a big deal because total solar eclipses are rare. The last time people in the U.S. have been able to see one was in the 1970s. Much less rare: Press releases from HR firm Challenger Gray, announcing that an event many people in the U.S. are interested in will cost U.S. […]
Read moreLululemon will benefit from recent problems at its main competitors, according to a top Wall Street firm. Bank of America Merrill Lynch raised its rating on Lululemon shares to buy from underperform on Monday, saying the company is taking sales away from Nike and Under Armour. Lululemon is “gaining share from saturated competitors. We believe […]
Read moreAngel investor Jason Calacanis, one of Uber’s first investors, has a top pick to be the company’s next CEO: Elon Musk. Calacanis said Friday on his web show “This Week in Start-ups,” that a tie-up between Tesla and Uber would give Uber the autonomous driving technology it so badly needs and expand Tesla’s reach into […]
Read moreWhisky might not be the most conventional buying opportunity – but for this investor, it’s a commodity worth investing in. Rupert Patrick, CEO of whisky trading website WhiskyInvestDirect, said that investing in Scotch whisky is a long-term investment comparable to buying gold. Patrick’s business is part of the BullionVault group, which enables investors to trade […]
Read moreSunTrust reiterated its buy rating on Shake Shack despite existing and planned store overlap that will eat into same-store sales. The burger chain opened nine stores within 15 miles of comparable locations in 2016 and plans to open another 25 in 2017 just as close, according to analysts. But with the increasing concentration of stores, […]
Read moreAndy Page, formerly president of Google-backed 23andMe, is joining Livongo, a chronic disease management start-up, as its president and chief financial officer. Livongo’s goal is to help patients with diabetes manage their disease before they end up getting seriously ill. The idea is to suggest lifestyle or medication changes well before the user ends up […]
Read more