Comcast faces increasing challenges that will likely keep its stock at bay in 2018, according to one Wall Street bank. Nomura Instinet downgraded shares to neutral from buy on Thursday, saying the media giant will confront a “narrowing runway” as over-the-top competitors drive declines in traditional video and broadband growth stalls. Broadband growth “may narrow […]
Read moreDemocrats are holding a temporary funding bill “hostage” by insisting it includes protections for immigrants brought to the U.S. illegally as children, GOP Texas Rep. Jeb Hensarling told CNBC on Thursday. Republican lawmakers are seeking votes this week for an extension of funding to prevent the federal government from shutting down on Saturday. Democrats want […]
Read moreA broad coalition of businesses including Apple, Facebook, Google and Microsoft urged the Trump administration on Thursday to preserve a program that allows the spouses of some high-skilled immigrants to work in the United States. To these tech giants and their peers, the looming end to such spousal work permits could cause immense trouble for […]
Read moreU.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single-family housing units following two months of hefty gains. Housing starts decreased 8.2 percent to a seasonally adjusted annual rate of 1.192 million units, the Commerce Department said on Thursday. […]
Read moreThe Trump administration is finalizing its long-awaited infrastructure plan, which would push most of the financing of projects to private investment and state and local taxpayers, according to sources familiar with the proposal taking shape. President Donald Trump, who spoke frequently of improving U.S. infrastructure during his 2016 campaign, may preview the plan in his […]
Read moreThe stock market is in the midst of one of the hottest bull run’s ever, but General Electric is being left out in the cold. The Dow‘s oldest component has had a rough go at it. On Wednesday, it suffered its worst three-day decline since mid-November. For one market watcher, the reason for the sell-off […]
Read moreMark Zuckerberg, the CEO and founder of Facebook, did not set out to build a business. Today the social media platform has a market capitalization of more than $500 billion and more than 2 billion monthly active users, and Zuckerberg is worth more than $70 billion, according to Forbes. But he was famously just a […]
Read more
The entrepreneurial space age is well underway. Private investors poured $3.9 billion into commercial space companies last year, a record according to a report from investment firm Space Angels. It said venture capital is pouring into the sector and finding success: Over 120 firms made investments in space last year, topping a peak of 89 […]
Read moreCurrency, United States Finance
Cryptocurrency security start-up Ledger bags $75 million, one of biggest VC raises for a blockchain-related firm
Ledger, a French start-up that makes hardware wallets for cryptocurrencies, has raised $75 million in a huge funding round. The capital was raised through a Series B round, the second stage of financing for a company, and was led by European venture capital firm Draper Esprit. Ledger claims the investment to be one of the […]
Read moreWalmart’s stock will thrive as the tax cut raises incomes for its customers and at the same time, allows the world’s largest retailer to return more cash to shareholders, according to Goldman Sachs. The firm on Thursday raised its rating for Walmart shares to buy from neutral and added the retailer to its “Americas Conviction […]
Read more