Threats of Armageddon are flying between the U.S. and North Korea. President Donald Trump even implied he will launch a pre-emptive strike on North Korea, possibly using tactical nuclear weapons. The Pentagon has a plan to do just that. If carried out, however, it will fail and will likely undermine the real tools of arms […]
Read moreShares of Planet Fitness were up more than 7 percent midday Thursday after the company beat top- and bottom-line second-quarter expectations. In a call with investors, executives of the low-cost gym chain pointed to its appeal to casual exercisers and ability to snap up vacant swaths of retail real estate. Planet Fitness’ stock traded as […]
Read moreBlue Apron has had a rough quarter — but in an interview with CNBC Thursday, the company’s CEO said he remains optimistic. The company’s stock slumped more than 11 percent mid-morning after the business posted mixed financial results. It’s another blow for the newly public company, which has languished below its $10 IPO price amid […]
Read moreYou will get chipped. It’s just a matter of time. In the aftermath of a Wisconsin firm embedding microchips in employees last week to ditch company badges and corporate logons, the Internet has entered into full-throated debate. Religious activists are so appalled, they’ve been penning nasty 1-star reviews of the company, Three Square Market, on […]
Read moreSnapchat parent Snap reports earnings Thursday, and for all the investor hype and media attention surrounding it, it’s important to note one thing: Snap is one of the most extremely over-analyzed stocks relative to its overall value. In fact, the social media company has more analysts covering it than it has billions of dollars in […]
Read moreHyperloop, the high speed transportation system envisioned by Elon Musk, could come to an Asian country in the next few years, according to the chief executive of a company working to bring Musk’s vision to life. Dirk Ahlborn, CEO of Hyperloop Transportation Technologies (HTT), sees a working hyperloop in the next three to four years. […]
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IT IS not a number to tweet about. President Donald Trump plans to plough $1trn of spending into America’s crumbling infrastructure. And a dearth of capital is not a problem: investors are keen on such assets. But investment seems to be falling. Government infrastructure spending in the second quarter fell to 1.4% of GDP, the […]
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WHERE can you find a 7% interest rate on a sovereign dollar-bond? You would have to take a time-machine to the mid-1990s to find such a yield on a ten-year American Treasury. Alternatively, you could slip back a few days to August 2nd and bid for the $1bn of five-year bonds sold by the government […]
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WHEN Heathrow airport opened, in 1946, the only retail facilities were a bar with chintz armchairs and a small newsagent’s. The first terminal was a tent, a far cry from the four halls, resembling vast shopping malls, at the London airport today. Retail spending per passenger is the highest of any airport. This summer’s consumer […]
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WHEN the Commonwealth Bank of Australia on August 9th reported its profit for the year to June—above forecasts and just shy of A$10bn ($7.9bn)—it faced questions about cashflows of another sort. Six days earlier the Australian Transaction Reports and Analysis Centre (AUSTRAC), a regulator charged with gathering financial intelligence to combat money-laundering and terrorism, had […]
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