Samsung Electronics on Friday said its second-quarter operating profit likely rose 5.2 percent from a year earlier, missing analyst estimates. Its sluggish mobile business pressured strong margins from its chip sales, analysts have said. Samsung, in a regulatory filing, said April-June profit was likely 14.8 trillion won ($13.2 billion), below the 14.9 trillion won average […]
Read moreChinese smartphone maker Xiaomi is ready to put its business to the verdict of investors with an IPO in Hong Kong, but a disappointing pricing and a listing delay in mainland China are casting a cloud over its debut. Xiaomi, established only in 2010, is now the world’s fourth-largest smartphone manufacturer by producing low-priced devices […]
Read moreAsian stocks rose on the last trading day of the week, taking cues from Wall Street’s overnight advance. Meanwhile, investors braced for developments on the trade front as markets awaited tariffs from the U.S. and China to take effect later on Friday. The Nikkei 225 rose 0.81 percent in Tokyo as most sectors rebounded after […]
Read moreEven the company dubbed “the Netflix of China” can’t change CNBC’s Jim Cramer’s opinion on Chinese IPOs. “In the midst of the trade tensions with the People’s Republic, China-based companies keep coming public here and their stocks have been roaring,” the “Mad Money” host said Thursday. “Many of these names, though, [are of] dubious quality.” […]
Read moreEven the company dubbed “the Netflix of China” can’t change CNBC’s Jim Cramer’s opinion on Chinese IPOs. “In the midst of the trade tensions with the People’s Republic, China-based companies keep coming public here and their stocks have been roaring,” the “Mad Money” host said Thursday. “Many of these names, though, [are of] dubious quality.” […]
Read moreWith U.S. investors laser-focused on the White House’s tit-for-tat trade dispute with Beijing, CNBC’s Jim Cramer wanted to hone in on four stocks in the market that are most resilient to trade tensions. The lucky few? The members of FANG, the “Mad Money” host’s acronym for the stocks of Facebook, Amazon, Netflix and Google, now […]
Read moreNetflix shares have been on fire this year, up 107 percent. As the company gears up to report earnings in a little more than a week, one trader is betting the rally could continue. Todd Gordon, founder of TradingAnalysis.com, noted that Netflix shares are in a “very nice uptrend” ahead of its report on July […]
Read moreBitcoin fell 3 percent Thursday afternoon along with other cryptocurrencies. As of 3:14 p.m. ET, bitcoin was at $6,467.01, according to CoinBase. Last week, the largest cryptocurrency fell as low as $5,799.62, its lowest since mid-November. There hasn’t been any one catalyst to trigger a sudden sell-off in bitcoin, though digital currency-trading security breaches and […]
Read morePresident Donald Trump has vowed that “trade wars are good and easy to win.” But as the U.S. on Friday made good on threats to impose steep trade tariffs on China, it was hard to identify any beneficiaries. And because Trump has spurned long-standing rules that call for trade disputes to be handled by the […]
Read moreAs a mother with three young children living away from family in Westport, Connecticut, Elizabeth Aronson always relied heavily on babysitters. She said she had tried many services and had mixed luck before a fellow mom recommended Bambino, an app that connects families and babysitters based on a social network of recommendations. “I found sitters […]
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