Usually, CNBC’s Jim Cramer is a big fan of corporate takeovers. “When one company buys another, it can create so much value that you want to slap yourself in the face, wondering why the heck they didn’t merge years ago,” the “Mad Money” host said. “Then there’s the pin action: whenever you get a deal, […]
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Value investor Seth Klarman’s Baupost Group hedge fund has eliminated its stake in Qualcomm just two quarters after taking it. Baupost acquired 5.2 million shares of Qualcomm in the first quarter, and sold them all in the third quarter, according to a required quarterly filing Monday with the U.S. Securities and Exchange Commission. Sometimes compared […]
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As dramatic the downturn in bitcoin‘s price over the weekend, history indicates future returns will likely be greater. Bitcoin fell about 20 percent over the weekend, before recovering much of its losses. The last four times bitcoin has fallen more than 20 percent this year, it has gained an average 28 percent in the two […]
Read moreRoku CEO Anthony Wood is a brand new billionaire after an impressive three days of trading for the streaming company. Roku has spiked more than 70 percent since market open Thursday as investors jumped on the company’s first earnings report since going public in September. The stock closed Monday at $42.71, putting the company’s market […]
Read moreSpacecraft builder Sierra Nevada Corporation completed a critical flight test of its Dream Chaser orbital vehicle on Saturday, moving a step closer to supplying the International Space Station. Launched unpowered from a Chinook helicopter above the California desert, Dream Chaser flew autonomously on a planned path before landing at Edwards Air Force Base. Dream Chaser […]
Read moreIf you want to hedge your bets on media, Comcast is your best choice according to IAC/InterActiveCorp and Expedia chairman and senior executive Barry Diller. “Of all those companies, Comcast is the most perfectly positioned because they are really on the distribution side in a significant way, and they’re on the production side also in […]
Read moreAmazon will not use pharmacy licenses it obtained from Tennessee and Indiana to sell prescriptions, but will use them to sell medical devicves and supplies instead, the company has told regulators. Amazon has kept mum about its ambitions in health care, despite reports that it’s exploring getting into the prescription drug business. But it has […]
Read moreFamed venture capitalist Steve Jurvetson is leaving his job at Draper Fisher Jurveston in the wake of an investigation into sexual harassment. DFJ announced the move in a letter to limited partners on Monday. The firm released a statement to Recode that read: As of today and by mutual agreement, Steve Jurvetson will be leaving […]
Read moreA firm tied to Bill Gates is involved in an $80 million investment in a “smart” city in Arizona, according to property records viewed by the Arizona Republic. The yet-to-be developed community on the west side of Phoenix would have a freeway running to Reno, Nevada, and would be developed around “solar power and electric […]
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Investors are going to be thirsty for the kind of returns to which they become accustomed now that the Federal Reserve is taking their “juice” away from them, market expert Jim Paulsen said. Since the darkest days of the financial crisis, the Fed has been keeping interest rates low and making sure liquidity is flowing […]
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