Indian Prime Minister Narendra Modi‘s Bharatiya Janata Party (BJP) has received a boost in a major state election, though political uncertainty over the outcome roiled financial markets. The BJP has won the largest number of seats in an election in the southern Indian state of Karnataka, more than doubling the amount it held previously. The […]
Read moreA hedge fund that’s spoken out against iPhone addiction sold all its holdings of Facebook shares in the first quarter, while taking a new stake in Apple. Jana Partners sold 474,000 shares of Facebook, according to a required quarterly filing with the U.S. Securities and Exchange Commission on Tuesday. The data reflects changes made at […]
Read moreHere are the top legalized sports betting stock picks — including Boyd Gaming — from Bank of America
The Supreme Court’s ruling on sports gambling Monday will significantly boost the sales of several gaming-related companies, according to Bank of America Merrill Lynch. The court upheld the legality of a 2014 New Jersey law permitting sports betting at casinos and racetracks in the state and voided the federal Professional and Amateur Sports Protection Act. […]
Read moreChinese Vice Premier Liu He arrives in Washington on Tuesday for trade talks with the U.S. delegation led by Treasury Secretary Steven Mnuchin. The visit, which is set to last five days, is meant to prevent trade tensions from spiraling into a trade war. While U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, […]
Read moreFacebook's artificial intelligence still has trouble finding hate speech — but finds a lot of nudity
Despite Facebook’s aggressive stance on improving identification and removal inappropriate content, the company admitted its artificial intelligence has a hard time finding hate speech. In a blog post on Tuesday, the company said it removed 2.5 million pieces of hate speech content during the first quarter of the year. However, only 38 percent of the […]
Read moreMoviePass, a U.S. movie ticket subscription service owned by data company Helios and Matheson Analytics, offers a cautionary tale of the dangers of a disruptive company caught too soon in the unforgiving glare of the public markets. Investors loved it when Helios and Matheson bought a majority stake in MoviePass, led by former Netflix vice […]
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A weak sales performance in its recent quarter has Home Depot under pressure, but one technician says to buy here for its likely breakout. “This weakness is occurring above support and within HD’s turnaround, and we therefore see an opportunity to buy shares,” Ari Wald, head of technical analysis at Oppenheimer, said in an email […]
Read moreScotts Miracle-Gro’s stock will rally as the company’s hydroponics businesses benefit from rising legal marijuana use, according to one Wall Street firm. Hydroponics is the process of growing plants in liquids without the use of soil and is a popular method for cultivating marijuana. SunTrust Robinson Humphrey raised its rating to buy from hold for […]
Read moreChief White House economic advisor Larry Kudlow believes the U.S. and China can avoid a trade war despite a multitude of issues continuing to split the two nations. As one of the administration’s most ardent free trade supporters, Kudlow has been pushing for an agreement that can eschew heavy tariffs that the financial markets have […]
Read moreU.S. allies’ drug pricing strategies are not sustainable for long-term success, and that’s adversely leading to higher prescription costs at home and abroad, FDA Commissioner Dr. Scott Gottlieb told CNBC on Tuesday. Europeans “do underpay relative to us for branded drugs and that’s in part because they do put price controls and utilization restrictions on […]
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