Global fund managers are ramping up their presence in China, aiming to be well ahead of next June’s inclusion of mainland-listed stocks into MSCI’s benchmark index that is set to boost investment into the economy’s $8 trillion equity market. Wells Fargo Asset Management, Neuberger Berman, Fidelity International and Robeco are among fund houses sharpening their […]
Read moreMonday’s proxy fight between activist investor Nelson Peltz and the board of consumer goods giant Procter & Gamble captivated plenty of market-watchers, including Jim Cramer. “There’s no glossing over it,” the “Mad Money” host said. “But let’s not lose sight of the prize here as the market stands at what I regard as a truly […]
Read moreIt’s that time again! Jim Cramer rang the lightning round bell, which means he gave his take on callers’ favorite stocks at rapid speed: Groupon: “I think there’s real worth here. I still think the stock could get to $5. The business is better than people think.” Exelixis: “Development-stage biotech company. You know from Alder […]
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Monday’s proxy fight between activist investor Nelson Peltz and the board of consumer goods giant Procter & Gamble captivated plenty of market-watchers, including Jim Cramer. “There’s no glossing over it,” the “Mad Money” host said. “But let’s not lose sight of the prize here as the market stands at what I regard as a truly […]
Read moreNetflix overwhelmingly beat its projections for new subscribers this quarter, an impressive feat considering that Q2 has traditionally been its slowest quarter for adding subscriptions. The company welcomed 5.2 million subscribers this past quarter, putting it at 104 million subscribers worldwide. The announcement on Tuesday widely exceeded the company’s estimate of 3.2 million. Q2 has […]
Read moreNetflix may have a challenge keeping the attention of its audience as more rivals release their own original content. According to data measurement firm Verto Analytics, people are watching Netflix less even as subscriber numbers grow. Average viewing time decreased 13 percent over the last quarter alone — 179 minutes per month in June compared […]
Read moreTesla added two new independent directors to its boards. The California electric car maker added Ebony Media CEO Linda Johnson Rice, and 21st Century Fox CEO James Murdoch to its board or directors. The news, which was confirmed by Tesla, was first reported by Dow Jones Monday. Some have criticized what they see as a […]
Read moreOnce again, Elon Musk is defending Tesla’s skyrocketing stock price — only this time he is rebutting himself. Musk said on Twitter Monday afternoon that his company’s shares are “obviously high on past and present, but low if you believe in Tesla’s future.” Musk Musk attached his tweet to a link of a story that […]
Read moreInvestors are watching Netflix‘s earnings report on Monday, as one of the first major technology companies will report its progress in battling growing competition from Amazon. – EPS: 16 cents per share, adjusted, expected by a Thomson Reuters consensus estimate – Revenue: $2.76 billion expected by a Thomson Reuters consensus estimate – User growth (net […]
Read moreAround 9 a.m. eastern time on Monday, Shawn Van de Vyver, a dentist in Michigan, went to CoinDash’s website to check out the project’s initial coin offering — a new way that cryptocurrency start-ups are raising money. Van de Vyver has been building computers and websites for 20 years and started studying bitcoin when it […]
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