Spotify wants to sell its shares to public investors this spring. And as part of its prep plans, the streaming music company has cleaned up a sticky debt deal, with the help of a big Chinese tech company. The short version: TPG and Dragoneer Investment Group, who had led a debt round that lent $1 […]
Read moreChinese President Xi Jinping addressed China’s entire armed forces in a speech Thursday, in which he urged troops to show the “fighting spirit of fearing neither hardship nor death.” At a first-of-its-kind meeting for the whole People’s Liberation Army, Xi spoke to more than 7,000 armed officers in Hebei province of northern China, reported state […]
Read moreCheck out which companies are making headlines before the bell: Tesla — The electric car maker released fourth-quarter auto delivery numbers that fell short of many Wall Street estimates. The company also pushed back production targets for its Model 3 sedan. Intel — CEO Brian Krzanich told CNBC the company will start rolling out fixes […]
Read moreU.S. President Donald Trump claimed Thursday that talks between North and South Korea likely would not have occurred without his administration’s tough rhetoric against Pyongyang. Lambasting “failed ‘experts'” discussing the matter as “fools”, Trump questioned whether the two polarized nations would have engaged in conversation had he not been “firm, strong and willing to commit […]
Read moreInvestors should take profits after Roku shares nearly tripled following its earnings report, according to a top Wall Street firm. Morgan Stanley on Thursday lowered its rating to underweight from equal-weight for Roku shares, citing the company’s high valuation. Roku posted third-quarter financial results on Nov. 8. Its share are up 194 percent through Wednesday […]
Read moreJ.P. Morgan Private Bank is telling clients to buy the next sell-off, and the odds are high it’ll happen this year. Patrick Schaffer, a global investment specialist at the firm, says a correction as deep as 14 percent would not surprise him. “We don’t expect the markets to go up in a straight line. When […]
Read moreThe U.S. is well-placed to join the likes of Saudi Arabia and Russia as one of the world’s leading energy powerhouses, an analyst said Thursday. “There is a big shift in market structure taking place and I think, so far, it really hasn’t got the attention it deserves. The U.S. is emerging as, not only […]
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Cryptocurrencies and the blockchain technology underlying them could become a $10 trillion market in 15 years, RBC Capital Markets analyst Mitch Steves says. That’s more than 13 times larger than the roughly $730 billion value of cryptocurrencies today, according to CoinMarketCap. “By utilizing decentralized computing and opensource software, we see a multi-trillion dollar market emerging,” […]
Read moreNintendo’s stock is on a Super Mario run. Shares of the Japanese gaming giant closed 4.9 percent on Thursday after the Financial Times reported that “Pokemon Go,” the game that went viral in 2016, could finally be launching in China. Since the launch of “Pokemon Go” in July 2016, Nintendo stock is up 200 percent. […]
Read moreAlternative cryptocurrency ethereum broke a fresh record high Wednesday. The digital currency was seen moving close to the $1,000 mark, edging up to an all-time high of $974.74 at about 6:40 p.m. ET, according to data from industry website CoinDesk. It is currently the third-largest cryptocurrency by market value, after being dethroned by another altcoin, […]
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