Palantir co-founder Joe Lonsdale said Monday he “wouldn’t mind” if the start-up were to go public in the next two or three years. “I think it’s probably the right thing to do at some point,” Lonsdale told CNBC’s “Power Lunch.” “I think they’re really focused on the really hard problems they’re solving and not as […]
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ON MAY 14th the United States and United Arab Emirates (UAE) announced a deal that should, at least in theory, put an end to their long-simmering dispute over what airlines in America allege are unfair subsidies provided by the Gulf state to its two major airlines. News of the agreement had emerged three days earlier, […]
Read moreBillionaire investor Mark Cuban thinks Apple will probably make it to a market cap of $1 trillion — but that doesn’t mean he’s investing now. The Dallas Mavericks owner says he is content with his current positions in tech giants Amazon and Netflix. “We can talk about Apple going to a trillion, and there’s no […]
Read moreNow that the U.S. Supreme Court has ruled states can legalize sports betting, DraftKings is ready to take bets from its users. The company had been working on a sports betting product that would let people gamble on the outcome of games or point totals — options it wasn’t allowed to offer before Monday’s ruling. […]
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With the S&P 500 not likely to do much the rest of the year, Goldman Sachs says there is still an investment strategy that can outperform. The firm recommended companies with strong prospects for sales growth next year. David Kostin, Goldman’s chief U.S. equity strategist, updated his “high revenue growth” stock basket, which is now […]
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America’s budget deficit and unemployment rate are heading in opposite directions — something that’s never happened during post World War II peacetime and could cause a significant jump in interest rates. Goldman Sachs projects, for instance, that the 10-year Treasury note could be yielding 3.6 percent next year. The deficit increase is coming due to […]
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The industrials sector is enjoying its longest winning streak in six months, but one top technician warns the rally is running out of steam. The XLI ETF, which tracks the sector, has been on a tear, rising for the eighth straight session and gaining more than 5 percent in that period. Furthermore, in the past […]
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Apple, already the world’s largest company by market cap, looks likely to become even bigger. Its recent gains put it on track to hit a never-before-seen target, one technician says. “This is the breakout move that is going to take this stock to be the first $1 trillion market-cap company, in my opinion,” Craig Johnson, […]
Read moreThree Lamborghinis parked Monday morning near a major cryptocurrency conference in New York did not belong to investors in bitcoin, or any other digital coin. Instead, two of the luxury cars were from Broadway Supercars, a New Jersey-based car rental, and one belonged to company founder John Nouri. He said he was hired to park […]
Read moreAmid hardships at Tesla, CEO Elon Musk has taken heat for recent behavior some have called “bizarre.” But billionaire investor Mark Cuban defended Musk’s quirks and said he trusts and respects his leadership. “Unlike other founders…who have their lives all built up into one company, he puts his heart out there — and he puts […]
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