As goes Silicon Valley, so goes millennials’ money. The top five holdings for young adults are all tech stocks, and none are dividend-yielding stocks sought by the general investing population, according to a report from TD Ameritrade. Millennials’ top stock, Apple, is the world’s most valuable company, reaching a market capitalization of more than $800 […]
Read moreWhen asked about toy company Mattel in the lightning round, Jim Cramer had to make the point that when it comes to toys, one company is the all-around winner. “No, Hasbro,” the “Mad Money” host said. “Hasbro. [CEO Brian] Goldner has been on the show many times, and I still like Hasbro, even up here, […]
Read moreAmazon Prime Day begins at 9 p.m. ET Monday, and Jim Cramer has little doubt that the event will exceed even Wall Street’s grandiose expectations. “The consensus here is that this makeshift holiday will produce gains of up to 20 percent year over year, new benchmark, which would make it a day that will live […]
Read moreWarren Buffett’s Berkshire Hathaway and Paul Singer’s Elliott Management both have eyesfor Oncor, the largest electric utility in Texas, and CEO Bob Shapard has a sound process for deciding who will win in the bidding battle for his bankrupt company. “You start with the current bid. Berkshire Hathaway’s a great fit for us, and they’d […]
Read moreWith top analysts turning bearish on the stock market amid concerns about lofty valuations and rising rates, Jim Cramer felt the need to right the record for the bulls’ sake. “I want to address this reluctance to believe in the bull head-on by going over the top 10 reasons why investors always seem to have […]
Read moreNo deal, no surprise. That’s what Jefferies analyst Randal Konik wrote in a note to clients after hearing that Abercrombie & Fitch has at last ended talks over a potential sale. The retailer said in May that it was holding conversations with several bidders — which were rumored to include American Eagle and Express — […]
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Shares of Snap fell below their IPO price on Monday, just ahead of a crucial period for the social media stock. Snap shares dipped to a low of $16.95, closing at $16.99, just below the $17 price of the March public offering. The IPO was 12 times oversubscribed at the time, sources told CNBC. But […]
Read moreGoogle has ramped up its legal firepower as it prepares to do battle with EU antitrust regulators after a landmark 2.4-billion-euro ($2.7 billion) fine and the possibility of a second record sanction before the end of the year. Alphabet unit Google, the world’s most popular internet search engine, is drawing on the expertise of at […]
Read moreThe sharing economy has made it easier for communities to peer exchange anything from a spare bedroom in your house to car rides and bicycles. But the model doesn’t work for everything, as one umbrella-sharing startup learned the hard way. Just under three months after launch, China-based E Umbrella has reportedly lost almost all of […]
Read moreAs shoppers gear up for Amazon Prime Day beginning Monday evening, the biggest sales day of the year for the company, Jack Ma is probably snickering somewhere. That’s because his Alibaba has its own Prime Day — and it’s exponentially bigger. November 11 is known as Singles Day in China and it has become a […]
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