Jana Partners has made an investment in Pandora Media, according to a person familiar with the matter, seeing the stock as under-valued with an opportunity to grow its advertising revenue. The size of Jana’s stake is unclear. Jana Partners declined to comment. Bloomberg News was first to report Jana’s investment in the company. Source: Tech […]
Read moreU.S. home resales volumes fell more than expected in June as a dearth of properties pushedhouse prices to a record high. The National Association of Realtors said on Monday existing home sales dropped 1.8 percent to a seasonally adjusted annual rate of 5.52 million units last month. May’s sales pace was unrevised at 5.62 million […]
Read moreU.S. home resales volumes fell more than expected in June as a dearth of properties pushedhouse prices to a record high. The National Association of Realtors said on Monday existing home sales dropped 1.8 percent to a seasonally adjusted annual rate of 5.52 million units last month. May’s sales pace was unrevised at 5.62 million […]
Read moreGoldman Sachs says the market will decline the rest of the year, but there are still stocks and sectors that will post strong returns. The firm recommended technology and financial companies in a note to clients Friday. Strategist David Kostin’s year-end price target for the S&P 500 is 2,400, representing 3 percent downside from Friday’s […]
Read moreMoney is pouring into cryptocurrencies at a furious clip. You can call it a bubble, or the Wild West. Some say it’s reminiscent of dot-com stocks in 1999, or “tulip mania” from 400 years ago. There’s plenty of speculation, to be sure, and more risks than we can count. But for entrepreneurs and tech investors, […]
Read moreCNBC’s Jim Cramer said Monday he’s not jumping on the bullish train for Blue Apron stock. Blue Apron’s stock surged Monday after three of its underwriters — Goldman Sachs, RBC Capital Markets and Oppenheimer — initiated coverage of the troubled recent IPO with buy ratings. The analysts cited the company’s U.S. leadership in the meal […]
Read moreSmall-business owners have been some of the most vocal opponents of the Affordable Care Act. One trade group fought the overhaul all the way to the Supreme Court. But for many solo entrepreneurs and freelancers, the seeming collapse of the Senate’s efforts to repeal and replace the law came as a relief. Sarah McCarthy, 39, […]
Read moreBlue Apron‘s stock surged 9 percent Monday after three of its underwriters initiated coverage of the troubled recent IPO with buy ratings. Analysts at Goldman Sachs initiated coverage of the meal-delivery kit company’s stock with a buy rating and a price target of $11. RBC Capital Markets and Oppenheimer also initiated their coverage with outperform […]
Read moreThe parents of Charlie Gard have ended their legal battle to give the terminally ill British baby further treatment, a lawyer representing the parents said on Monday. The lawyer told London’s High Court that time had “run out” for the child. “For Charlie it is too late. The damage has been done,” Grant Armstrong said. […]
Read moreAlphabet is expected to report second-quarter revenue growth of 20 percent on Monday, driven by rising sales from Google’s mobile ads and YouTube videos. Google and rival Facebook are racing to add more video content as the market for digital video ads looks to be quickly merging with more traditional TV advertising. The company said […]
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