CNBC’s Jim Cramer said Monday he’s not jumping on the bullish train for Blue Apron stock. Blue Apron’s stock surged Monday after three of its underwriters — Goldman Sachs, RBC Capital Markets and Oppenheimer — initiated coverage of the troubled recent IPO with buy ratings. The analysts cited the company’s U.S. leadership in the meal […]
Read moreSmall-business owners have been some of the most vocal opponents of the Affordable Care Act. One trade group fought the overhaul all the way to the Supreme Court. But for many solo entrepreneurs and freelancers, the seeming collapse of the Senate’s efforts to repeal and replace the law came as a relief. Sarah McCarthy, 39, […]
Read moreBlue Apron‘s stock surged 9 percent Monday after three of its underwriters initiated coverage of the troubled recent IPO with buy ratings. Analysts at Goldman Sachs initiated coverage of the meal-delivery kit company’s stock with a buy rating and a price target of $11. RBC Capital Markets and Oppenheimer also initiated their coverage with outperform […]
Read moreThe parents of Charlie Gard have ended their legal battle to give the terminally ill British baby further treatment, a lawyer representing the parents said on Monday. The lawyer told London’s High Court that time had “run out” for the child. “For Charlie it is too late. The damage has been done,” Grant Armstrong said. […]
Read moreAlphabet is expected to report second-quarter revenue growth of 20 percent on Monday, driven by rising sales from Google’s mobile ads and YouTube videos. Google and rival Facebook are racing to add more video content as the market for digital video ads looks to be quickly merging with more traditional TV advertising. The company said […]
Read more
I found a way to take my Amazon Echo Dot wherever I go. Even better, the solution improves the speaker quality dramatically, making the Echo Dot on a par with the far more expensive Amazon Echo. First, some back story. I’d been looking for a new gadget that allowed me to take an Amazon Echo […]
Read moreA top Wall Street firm predicts Goldman Sachs’ trading woes will continue into next year. UBS lowered its rating for the bank’s shares to neutral from buy, saying it will report earnings below consensus expectations in 2018. “Shares seem to reflect a rebound in revs but we have limited confidence in that. We are downgrading […]
Read moreTwo reports last week say that Discovery is looking to buy Scripps Networks Interactive—first in the Wall Street Journal and then in Bloomberg. This has increased the market value of Scripps from $9 billion to over $10.5 billion. Some media watchers have criticized the potential deal, saying that it’s dumb for one of the most […]
Read moreWith the mounting problems facing South Africa, CNBC looks at the investment case for the country and whether its economic outlook is starting to look bleak. Last Thursday, the South African Reserve Bank cut its benchmark interest rate for the first time in five years, dropping the rate by 25 basis points to 6.75 percent […]
Read more
THIS summer America has experienced some of the most intense heatwaves in decades. In parts of southern Arizona the mercury has climbed to a sweltering 48°C. That has had an impact on the state’s infrastructure. Last month, a single day’s heatwave grounded dozens of planes. As global temperatures climb higher, such incidents are likely to […]
Read more