One Wall Street analyst is beginning to doubt whether Sears Holdings will ever be profitable again, as the 124-year-old retailer struggles for liquidity and same-store sales evaporate. “Sears’ operational performance is clearly NOT improving, and we grow increasingly concerned whether the company will ever return to profitability,” wrote Susquehanna analyst Bill Dreher in a note […]
Read moreAT&T and the Justice Department could be on their way to a major court battle, which one analyst believes the company stands a strong chance of winning. The fight centers on AT&T‘s hopes to acquire Time Warner, and news Wednesday that the government wants the company to first sell CNN and other Turner Broadcasting properties. […]
Read moreUber is gauging its drivers’ interest in providing TaskRabbit-like services for consumers and potentially other businesses, Recode has learned. The $69 billion company sent out an email to drivers asking if they’d be willing to take on other on-demand jobs — such as cleaning, moving, or food service. The email, which came from the company’s […]
Read moreOn Oct. 27, ETF Managers Group filed for a new ETF, the Alternative Agroscience ETF, a first-of-its-kind fund to track the burgeoning legal marijuana industry. Except the Alternative Agroscience ETF isn’t precisely a new fund. Instead, ETFMG is retrofitting an existing ETF, the Tierra XP Latin America Real Estate ETF (LARE), with a new strategy. […]
Read moreCurrency, United States Finance
European politicians ‘need to be courageous’ to catch up with China on tech, investor says
Politicians in Europe need to make courageous steps on policy and regulation to push the continent’s tech industry closer to that of China’s, a venture capitalist said Thursday. Klaus Hommels, founder and CEO of Lakestar, said that China’s tech giants have benefited from a regulatory environment in a way that Europe’s have not. “I think […]
Read moreSnap shares were downgraded by analysts at Morgan Stanley on Thursday following the social media company’s torrid third-quarter results. The analysts lowered their rating on the stock to und erweight from equal-weight. They also reduced their price target to $11 a share from $14. Snap shares fell 2.1 percent in the premarket to $12.64. This […]
Read moreMarkets may be a little “fatigued,” but there are no major warning signs that the rally will end anytime soon, strategist Tom Lee told CNBC on Thursday. “There are some divergences. I think the leadership really has been increasingly from a handful of stocks,” said Lee, managing partner and head of research at Fundstrat Global […]
Read moreSage Therapeutics said Thursday its drug to treat moderate and severe postpartum depression met the main goal in two late-stage studies. The stock soared as much as 50 percent in premarket on Thursday. The drug, brexanolone, achieved lower rates of depression in patients compared with a placebo in both trials. Postpartum depression is a common […]
Read moreNew data from research firm Canalys suggest the Apple iPhone 7 was the world’s best-selling smartphone during the third quarter. That might sound alarming considering Apple launched the iPhone 8 and iPhone 8 Plus in Q3, but the debuts came at the end of the quarter in late September. Still, Canalys said Apple shipped 13 […]
Read moreBuy T-Mobile shares because it will likely buy back stock and initiate a big dividend: Deutsche Bank
T-Mobile will still thrive on a stand-alone basis, according to a Wall Street firm. Talks between Sprint and T-Mobile over a possible merger have come to a halt, both companies announced Saturday. Deutsche Bank on Thursday raised its rating for T-Mobile shares to buy from hold, predicting the company will increase its dividend and stock […]
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