Twitter CEO Jack Dorsey surprised everybody. It was March of 2016, and Dorsey was making an appearance on NBC’s “The Today Show” to celebrate Twitter’s 10th anniversary. As the camera panned toward Dorsey — dressed in slim black jeans, a black sweater and bright orange high-tops — host Matt Lauer jumped in with a question. […]
Read moreEven though Netflix is one of the market’s best-performing stocks this year, one Wall Street firm continues to recommend the streaming video giant’s shares ahead of its earnings report. UBS told its clients the company will report third-quarter subscriber growth above expectations later this month. “We see upside to third-quarter guidance based on our analysis […]
Read moreBMW and Mercedes are betting they can mass produce new electric cars based on conventional vehicles, defying skeptics who say they will need more radical designs to head off the threat from Tesla and other start-up carmakers. There are two ways to make battery-driven vehicles: use a clean-sheet design like Tesla, or a traditional vehicle […]
Read morePrivately-held French supermarket operator Leclerc has been approached by U.S. technology group Amazon over possible logistics partnerships, as speculation intensifies over Amazon’s intentions in the supermarket sector. “Yes, we have been approached by Amazon,” Michel-Edouard Leclerc, who heads the company, told Reuters on Wednesday. “Amazon could — why not? — be our logistics partner,” he […]
Read moreTalks between T-Mobile and Sprint for a stock-for-stock deal that makes Deutsche Telekom the controlling owner are moving forward, sources tell CNBC’s David Faber. However, some T-Mobile shareholders are frustrated with the deal price, these sources said. As previously reported by CNBC, the exchange ratio for the stocks is expected to be at market. The […]
Read moreRussian President Vladimir Putin said on Wednesday a deal between OPEC and other oil producers to reduce production could be extended to the end of 2018, a longer time frame than others have suggested till now in the bid to curb a supply glut. The pact between the Organization of the Petroleum Exporting Countries, Russia […]
Read morePuerto Rican bonds took a huge hit on Wednesday following President Donald Trump’s comments on the island’s massive debt. The island’s general obligation bonds, which yield 8 percent, dropped to just 34 cents on the dollar, according to Bloomberg data. On Tuesday night, Trump told Fox News that Puerto Rico’s debt will have to be […]
Read moreWhat we call the technology sector is really an aggregate of many smaller subsectors. For investors, it’s key to look at these subsectors, which may offer unique long-term investment opportunities. When was the last time you had an investment conversation in which no one mentioned one of the so-called FAANGs? Or FAAAMs? That’s the stocks […]
Read moreWhile some analysts may be concerned lately over Tesla’s ability to manufacture the Model 3 on time, one Wall Street firm believes his peers are missing the big picture. Nomura Instinet’s Romit Shah predicts Tesla will dominate the electric car industry like Intel did in the PC market during the 1990s. “Tesla is vertically integrated, […]
Read moreCheck out which companies are making headlines before the bell: PepsiCo – The snack and beverage giant reported adjusted quarterly profit of $1.48 per share, a penny a share above estimates. Revenue missed forecasts amid a drop in North American beverage business sales, although Pepsi did give a full-year forecast that is above Street forecasts. […]
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