Europe’s markets watchdog ESMA has told credit rating agencies to publish their European sovereign ratings reports in a tighter window, between 9 pm and 11 pm on Friday London time, sources have told Reuters. The idea, they said, is to create a “more level playing field”. Under European Union regulations, rating agencies including S&P Global, […]
Read moreBank of America rang a warning bell Wednesday regarding all the money that has piled into passive exchange-traded funds. The bank says the massive popularity of ETFs may be leading us on a road to a liquidity problem. The note issued by Bank of America Merrill Lynch’s Global Research department warns “the actual shares available, […]
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Tech stocks are crushing the market this year, but there are signs the sector’s out-performance may be coming to an end, according to financial newsletter The Bear Traps Report. The Nasdaq 100 index is up 15 percent year-to-date through Monday versus the S&P 500’s 8.5 percent return. Larry McDonald, the author of the report, pointed […]
Read moreThe billionaire founder of Facebook Mark Zuckerberg spent his July 4th weekend in Alaska learning about fishing and local economics as part of his “Year of Travel Challenge.” In Alaska, all residents get a yearly cash payment just for living in the state. The trip gave Zuckerberg yet another platform to lobby for universal basic […]
Read moreStock research analyst Ronnie Moas said he bought bitcoin this weekend and thinks it could reach $5,000 within a year. “$5,000 could happen in a few months. It’s only starting to gain traction right now,” Moas, founder of Standpoint Research, told CNBC in a phone interview Wednesday. “It’s starting to spread like wildfire right now.” […]
Read moreSnapchatters can now link to external websites through their snaps using a just-launched feature called Paperclip — one that many users have been wanting from the company. To access the Paperclip function, a user clicks on the paperclip icon before sending their Snap to friends or posting on their public Story and adds their link. […]
Read moreEU antitrust regulators are weighing another record fine against Google over its Android mobile operating system and have set up a panel of experts to give a second opinion on the case, two people familiar with the matter said. Assuming the panel agrees with the initial case team’s conclusions, it could pave the way for […]
Read moreSeveral newly public stocks fell near or below their IPO prices on Wednesday. Shares of Tintri and Blue Apron dipped briefly below their IPO prices, after hitting the public market in late June. Meanwhile, Snap and Cloudera shares were both within $1 of hitting their IPO prices by midday, and Okta shares hit an all-time […]
Read moreOn the surface, Tesla and Netflix don’t have much in common. One makes cars, solar panels and energy-efficient batteries, and the other streams TV shows and movies. But Tesla CEO Elon Musk and Netflix CEO Reed Hastings have both used the same ancient decision-making strategy to grow their billion-dollar businesses: “first principles” thinking. The term […]
Read moreO’Reilly Automotive‘s stock sank by 20 percent Wednesday after the auto parts retailer reported weaker-than-expected same-store-sales growth. Other auto parts retailer stocks also fell sharply. The company announced comparable-store sales growth of 1.7 percent for the second quarter, below its previous guidance of 3 to 5 percent growth and FactSet’s estimated growth of 3.9 percent. […]
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