Recently, there’s been a lot of talk about Apple possibly buying Netflix. The new round of speculation seems to have been kick-started by Barry Ritholtz in Bloomberg View last November. (Some skeptical takes are here and here.) Forget it. It’s too late. There’s no chance this will happen now. Here’s why. It’s too expensive — […]
Read moreOne Wall Street analyst abruptly changed his view for Facebook shares within hours after seeing a big drop in the internet giant’s stock price. Facebook announced on Thursday major changes to the company’s News Feed. CEO Mark Zuckerberg said the internet firm will start prioritizing “meaningful social interactions” versus “relevant content,” and that he expects […]
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It’s game on for Activision Blizzard, says TradingAnalysis.com founder Todd Gordon, as the charts are pointing to new high scores – or new all-time highs, rather – for the gaming stock. Gaming stocks have surged over the past year. Activision has seen a 76 percent rise while rivals Take-Two and EA have also skyrocketed 129 […]
Read moreHoliday sales jumped 5.5 percent compared to last year, marking the largest jump seen since the end of the Great Recession, the National Retail Federation said on Friday. Total sales for November and December were $691.9 billion, exceeding the industry trade group’s forecast of between $678.75 billion and $682 billion, which would have been an […]
Read moreA loophole in the new U.S. tax law could allow multinational corporations like Apple to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts. Stemming from a Republican overhaul of international business taxes, the loophole involves the tax rates—15.5 percent or 8 percent—that companies must pay on $2.6 trillion in […]
Read moreErich Spangenberg has always been good at spotting opportunities for arbitrage, places in the market where there is a pricing spread that a savvy buyer can exploit for profit. He started in high-yield bonds and went on during the internet boom to turn a million dollars in patent acquisitions into a portfolio of software intellectual […]
Read moreThe ride-sharing company Uber confirmed Thursday that it had technology to shield company data when law enforcement raided its offices outside the U.S. Uber spokeswoman Melanie Ensign said this tool — no longer in use — could lock computers and smartphones and change passwords remotely from the company’s headquarters in San Francisco. Bloomberg reported Thursday […]
Read moreFinancial markets are beginning to price in a more aggressive Federal Reserve this year. After the government reported this morning strong retail sales from the holiday season and higher than expected core inflation, probabilities for Fed rate hike probabilities shot up and moved into earlier months. Markets now fully expect two rate hikes this year […]
Read moreChina’s aviation authority on Friday demanded an apology from Delta Air Lines for listing Taiwan and Tibet as countries on its website, while another government agency took aim at Inditex-owned fashion brand Zara and medical device maker Medtronic Plc for similar issues. The moves follow a regulator’s decision on Thursday to suspend Marriott International Inc’s […]
Read moreAmazon CEO Jeff Bezos donated $33 million in college scholarships for “dreamers” — childhood undocumented immigrants granted stay in the country under the Obama-era Deferred Action for Childhood Arrivals program. TheDream.Us, a nonprofit working toward college access for undocumented immigrants, said the donation from Bezos and his wife MacKenzie is the largest in the organization’s […]
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