Competition might be great for consumers, but one particular type of competition is awful for businesses, threatening their stock prices, profitability, and more, Jim Cramer said. “I’m calling it blindside competition,” the “Mad Money” host said. “And though most investors don’t even realize it or understand it, this is the competition that is playing havoc […]
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As investors shy away from the technology sector for fear that parts of it are overvalued, Jim Cramer wanted to make the case for three cloud stocks that he believes have more room to run. “In the last few weeks, stocks of cloud kingpins like Salesforce.com, Workday [and] Red Hat have all pulled back from […]
Read moreChina’s ambassador to the United States has said reports of trade growth between his country and North Korea, in spite of international efforts to press Pyongyang to give up its nuclear and missile programs, give “a distorted picture.” Last week President Donald Trump denounced China’s trade with North Korea, saying it had grown almost 40 […]
Read moreTuesday was another crushing day for Blue Apron on Wall Street. Shares fell more than 12 percent, hitting a new closing low of $7.14 a share, just above the all-time intraday low of $7.08 a share. The move lower came after Northcoast Research released a note recommending clients sell the stock, placing the target price […]
Read moreWith the nation’s fastest-growing economy and an all-star business roster of household names and up-and-comers, Washington — the Evergreen State — soars above the competition as America’s Top State for Business in 2017. The home of Amazon and Costco, Boeing and Expedia, as well as rising stars like Adaptive Biotechnologies, online marketplace OfferUp and space […]
Read moreIt is a good time to raise money in Massachusetts. Start-ups in the Bay State attracted some $5.8 billion in venture capital last year, according to the National Venture Capital Association and research firm PitchBook. That is the best fundraising year in the state since 2007, and it helps Massachusetts to a three-way tie with […]
Read moreThe economic news in Connecticut is downright lousy these days. Gov. Dannel Malloy is waging a bare-knuckle budget battle with state legislators in Hartford, even as that capital city teeters on the brink of bankruptcy. Both sides are trying to staunch the projected $2.7 billion deficit for the new fiscal year beginning July 1 without […]
Read moreThere is no mistaking West Virginia Gov. Jim Justice for anything but a local. His plain talk, delivered in a heavy drawl, is fast becoming a trademark of a governor barely six months into his first term. And the talk is often accompanied by theatrics. Like when the Republican-controlled state legislature passed a budget this […]
Read moreTwitter named Ned Segal its new chief financial officer on Tuesday, renewing a focus on profit growth at the struggling social media brand. Segal last served as senior vice president of finance for Intuit’s small business group. Segal is also a Wall Street veteran, having spent years at Goldman Sachs. Twitter shares rose 3 percent […]
Read moreAG Gangadhar, the head of the engineering department where former Uber employee Susan Fowler worked, has left the car-hailing startup. The circumstances of his departure are unclear. But, as director of the infrastructure engineering group, Gangadhar was among the managers Fowler referenced in her explosive blog post about the year of sexism, sexual harassment and […]
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