Yvonne Meyer is no Luddite. The 81-year-old not only uses a computer; she gave up her landline for a cellphone long ago. Still, she was skeptical when her home health aides gave her an Amazon Echo Dot to try. “I didn’t understand why I needed this” but soon became a fan, said the former teacher, […]
Read moreBirchbox has recently been discussing a potential sale with several retailers, multiple sources told Recode. One potential acquirer who has spoken with the beauty subscription startup is Walmart, these people said, with conversations taking place between Walmart’s U.S. e-commerce chief Marc Lore and Birchbox co-founder and CEO Katia Beauchamp. It’s not clear how far along […]
Read moreTen years ago Wednesday, French bank BNP Paribas blocked withdrawals from hedge funds that specialized in U.S. mortgage debt. That Aug. 9, 2007, marked the beginning of a credit crisis that caused investment bank Lehman Brothers to collapse a year later and usher in the Great Recession of 2007-09. “It’s true that the subprime mortgage […]
Read moreNvidia is the best performing stock over the past year. But even after the big run, one Wall Street analyst predicts the chipmaker will beat expectations later this week. For the July quarter earnings we “see upside to estimates in gaming and data center. We think core PC Gaming will benefit from increased demand for […]
Read moreInvestors have built up a large short position in investor Carl Icahn’s oil refining company, CVR Energy, in the past three months, according to Reuters data, as evidence mounts that the company’s gamble on the biofuels market is going sour. Icahn has been one of the loudest critics of the federal biofuels program. CVR, in […]
Read moreThe “Fast Money” traders shared their moves for first hours of the trading day. Tim Seymour was a buyer of Nike. Karen Finerman was a buyer of Valeant. Dan Nathan was a buyer of Disney. Guy Adami was a buyer of Micron. Trader disclosure: On August 8,2017, the following stocks and commodities mentioned or intended […]
Read moreNetflix investors are worrying Disney will not be the last to pull video content from the internet streaming giant. Disney announced Tuesday it intends to remove its movies from Netflix and launch a branded direct-to-consumer streaming service in 2019. Netflix shares fell in the post-market session following the news and opened down 3.9 percent on […]
Read moreInvesting in the stock market a decade ago today was, in retrospect, an awful way to treat your money. That’s when the global financial crisis began to erupt with the halting of withdrawals from some BNP Paribas funds, ushering in eighteen months of wealth destruction and economic peril. Perhaps surprisingly, though, that money put into […]
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TEN years ago, BNP Paribas, a French bank, temporarily suspended dealings in three funds, citing “the complete evaporation of liquidity in certain market segments of the US securitisation market”. Many people treat this as the start of the credit crunch but once can trace it back to the need for Bear Stearns to rescue hedge funds […]
Read moreThe amount of money raised by cryptocurrency and blockchain start-ups via so-called initial coin offerings (ICOs) has surpassed early stage venture capital (VC) funding for internet companies for the past two months. ICOs are a way for start-ups to raise money from users, similar to crowdfunding, by allowing them to buy a stake. In return, […]
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