Goldman Sachs and Citigroup are poised to take a major role in the sale of a portion of Saudi Arabia‘s state oil giant, which is expected to be the biggest initial public offering ever, according to multiple reports. Saudi Aramco aims to offer investors a 5 percent stake in the company this year. The IPO […]
Read moreThis post originally appeared on Hal Berenson’s blog on Jan. 6 and is republished here with permission. When it comes to the consumer, Microsoft‘s history can best be described as, “I got it. I got it. I got it. <THUMP> I ain’t got it.” Jan. 6 was the fourth anniversary of my Xbox: Fail blog […]
Read moreA growing number of homeowners are in the money — big money. The amount of home equity borrowers now have at their disposal reached an all-time high in the third quarter of last year. The 42 million homeowners with mortgages have a collective $5.5 trillion in “tappable” equity, according to Black Knight Data & Analytics, […]
Read moreShares of Dave & Buster’s fell more than 17 percent early Monday after the company cut its sales and profit outlook for 2017. CEO Steve King said the company had expected a slow start to the fourth quarter, but foresaw sales improving in December. However, sales did not improve during this traditionally strong season for […]
Read moreRipple plunged on Monday trading down to $2.18, according to Coinmarketcap.com. Coinmarketcap.com showed its price down more than 30 percent, but it appeared that may be due to the site excluding certain prices from Korean exchanges. Another site, Livecoinwatch.com, showed ripple down 17 percent. Other cryptocurrencies also fell on Monday but not the extent of […]
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Electronic Arts shares should outperform in 2018 despite a recent public relations headache involving its latest Star Wars game, according to one Wall Street firm. BMO Capital Markets upgraded EA’s stock to outperform Monday, arguing that investors overreacted to gamer outcry over the company’s attempts to monetize in-game content in its new Star Wars Battlefront […]
Read moreWhirlpool has said Apple Watch wearers will soon be able to remotely control their home appliances. It would mean smart watch owners could change temperature settings on ovens, delay cycles on washers or check how long is left to run on a dryer. The manufacturer announced the development at the CES tech show in Las […]
Read moreRecent reports of meager Apple iPhone X sales may be accurate, according to one Wall Street firm. Taiwan’s Economic Daily reported in late December the tech giant will cut its forecast for the iPhone X, citing unidentified sources, spurring a sell-off in Apple’s stock the following day. KeyBanc Capital Markets told its clients demand for […]
Read moreGoPro lowered guidance Monday and confirmed that it will lay off of at least 250 employees. The company also said it was leaving the drone business, citing future regulation and intense competition, ending sales of its Karma drone camera. Founder and CEO Nick Woodman will reduce his cash compensation to $1 for 2018, according to […]
Read moreNorth Korea’s Kim Jong Un was widely believed to be celebrating his birthday on Monday, a day before Pyongyang is set to hold talks with its southern neighbor for the first time in more than two years. The leader is thought to have turned 35, although the North Korean state does not publicly recognize his […]
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