Chase Coleman’s Tiger Global Management hedge fund is buying all the “FANG” stocks, except Google. In the third quarter, Tiger dissolved its $66 million stake in Google parent Alphabet, a required quarterly filing with the U.S. Securities and Exchange Commission showed Tuesday. But the hedge fund added to its holdings in the other so-called FANG […]
Read moreThe boss of one of Apple’s hottest units — chips — said this week that the iPhone maker is eyeing Israeli technology, specifically around flash storage and sensors. Israel could be a target for an Apple acquisition “because we have to have the best technology to differentiate ourselves,” Johny Srouji, Apple’s senior vice president of […]
Read moreFacebook CEO Mark Zuckerberg has said the scope of the opioid crisis was what surprised him most during his 2017 travels throughout the country. But all he had to do was look at Facebook to see how pervasive the marketing is for these powerful and addictive pain medications. Sellers here and overseas are using Facebook […]
Read moreFidelity Investments and technology-focused hedge fund Coatue Management boosted their stakes in social media company Snap during the third quarter, despite Snap’s disappointing results, regulatory filings showed on Tuesday. Companies controlled by Fidelity held 11 million more Snap shares than during the prior quarter, while Coatue increased its stake by 1.7 million shares. Fidelity is […]
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One of the top three worries for investors right now is a crash in global bond markets. When asked what poses the biggest “tail risk,” or worry for the financial market, 22 percent of global investors considered the biggest risk to be a sharp drop in bonds, according to Bank of America Merrill Lynch’s November […]
Read moreThe era of the digital pill is upon us. Regulators at the U.S. Food and Drug Administration just green-lighted a tiny, swallowable sensor called Abilify MyCite that tracks when the patient takes their meds. The tablet is specifically targeted to people with mental health conditions like schizophrenia and bipolar disorder, and is the first of […]
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The decision by General Electric to cut its dividend in half as the company restructures should be a warning to investors: Don’t count on income from dividends. GE’s move reduces its quarterly dividend to 12 cents a share from 24 cents and will give its shareholders $4.1 billion less each year. Because the company has […]
Read moreAirbnb pulled in about $1 billion in revenue last quarter, up more than 50 percent from the same period last year, according to someone familiar with the company’s financials. The company is on track to grow revenue nearly 60 percent in 2017 and notch another year of profitability, said the source. Profit at the start-up […]
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Investors should take profits after Roku shares more than doubled in three days, according to one Wall Street firm. Oppenheimer on Tuesday lowered its rating to underperform from perform for Roku shares, citing the company’s excessive valuation. “While Roku has established itself as the leading independent OTT streaming platform though a device and software strategy, […]
Read moreAnalyst Ed Clissold shared his thoughts on the market outlook and where investors may want to look if the economy runs out of steam in an exclusive interview with CNBC PRO’s Mike Santoli. “When you’re in this slow growth environment, you want to continue to focus on companies that can deliver the growth anyway – […]
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