(Affiliates controlled by EricJackson have long positions in DIS, AAPL and NFLX) Monday’s jolting news broken by CNBC’s David Faber that Disney had held discussions with 21st Century Fox about buying up many of Fox’s most interesting cable and movie assets is still reverberating around the media world. Laura Martin of Needham said on CNBC […]
Read moreSquare reported quarterly earnings and revenue that beat analysts’ expectations on Wednesday. Here’s how the company did compared with what Wall Street expected: Adjusted EPS: 7 cents vs. 5 cents expected according to Thomson Reuters. Adjusted Revenue: $257 million vs. $244.9 million expected according to Thomson Reuters. Gross Payment Volume: $17.4 billion vs. $17.03 billion […]
Read moreU.S. Senators grilled current and former executives at Yahoo and Equifax on Wednesday, trying to ascertain what — if anything — companies can do to prevent future data breaches of massive proportion. Yahoo, now owned by Verizon, and Equifax, are two companies which were hit with some of the biggest data breaches of all time. […]
Read moreThe Justice Department is demanding CNN or DirecTV be sold as condition for the AT&T, Time Warner deal approval. The Financial Times first reported the Justice Department told AT&T and Time Warner to sell CNN, Time Warner’s cable news network, as a condition in order for the acquisition to go through, according to three people […]
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If 2017 already felt like it was shaping up to be a record year for market records themselves, there’s one more statistic to add to the history books. The Nasdaq composite has hit more all-time closing highs this year than any year on record, according to a new report from LPL Financial. This year has […]
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Bitcoin jumped 11 percent Wednesday after the developers behind an upcoming split in the digital currency through an upgrade called SegWit2x announced they were suspending plans for the upgrade. The digital currency hit a record high of $7,879.06, according to CoinDesk. Bitcoin traded early Wednesday afternoon near $7,645 after hitting a session low of $7,078.96. […]
Read moreApple’s 2018 iPad will reportedly ditch the home button in favor of Face ID, a feature that made its debut on the iPhone X earlier this month, according to Bloomberg. The new iPad will apparently not have a new OLED display, which is on the iPhone X and is more colorful than other displays. Bloomberg […]
Read moreThe powerful 2017 stock market rally will continue through next year even if it slows down just a little, according to a forecast from one of Wall Street’s most optimistic strategists. Piper Jaffray correctly anticipated the current strong market performance, with a 2,575 full-year target for the S&P 500 that the index just recently surpassed. […]
Read moreApple is building a new operating system to power a new augmented reality headset that may be ready for consumers by 2020, Bloomberg reported on Wednesday. What does that mean? Here’s what I think. Apple’s headset is supposed to employ augmented reality, which means it will take elements from the digital world, such as apps, […]
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APPLICATIONS sought for leading Wall Street post. Perks: lovely office in Italianate palace; large staff. Duties: important role in setting interest rates (some vaguely defined other responsibilities). Requirements: eligibility for highest-level security clearance; tacit support in Washington, DC. Desirable but optional: broad knowledge of banking. This week the New York Federal Reserve Bank announced that […]
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