Gold has rallied 6 percent this year, and as investors weigh mounting geopolitical tensions, one trader is betting nearly $1.5 million on an even bigger rise for the precious metal in the second half. The yellow metal climbed this week as the dollar and stocks slumped as slowing economic data and jitters over North Korea […]
Read moreRaymond James made Nike its “top pick” in the consumer sector due to its recent initiatives to sell directly to consumers on social media and e-commerce platforms. The firm initiated coverage on the sportswear company’s shares with an outperform rating. “The growing influence of millennials is radically transforming the sporting goods industry,” analyst Cedric Lecasble […]
Read moreThe world’s top medical technology companies are turning to robots to help with complex knee surgery, promising quicker procedures and better results in operations that often leave patients dissatisfied. Demand for artificial replacement joints is growing fast, as baby boomers’ knees and hips wear out, but for the past 15 years rival firms have failed […]
Read moreMusic streaming service SoundCloud on Thursday said that it cut 173 jobs, or 40 percent of its staff, as it seeks to become profitable. SoundCloud also said it has consolidated its employees into two offices — the Berlin headquarters and New York. SoundCloud is closing its San Francisco hub and a spokesperson said the company […]
Read moreRenowned energy trader Mark Fisher on Thursday forecast that a string of unseasonably warm winters will break and send natural gas above $4 or $5 per million British thermal units. Natural gas prices have remained locked in a range between about $2.75 and $3.25 per mmbtu, but Fisher believes in the next year or two, […]
Read moreThe radically shifting retail marketplace made it the right time for QVC to buy Home Shopping Network, according to QVC CEO Mike George. Speaking Thursday on “Squawk on the Street,” George said despite thoughts the merger would happen in recent years, now was the right time because of the relative valuations of the two companies. […]
Read moreJPMorgan cut its General Electric price target and told investors to stay underweight on the shares because of weak fundamentals paired with low expectations of future growth. “The GE narrative is as open and undefined as it’s been in decades,” wrote JPMorgan chief financial analyst Stephen Tusa, Jr. in Thursday’s report. “While we expect a […]
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HOW do you best judge the success of an airline? One obvious way is to ask whether lots of people fly with it, and if it makes pots of money for shareholders. Judged on these metrics, few can quibble with the direction that British Airways is heading. Last year 42.1m people flew with the airline, […]
Read moreIf you’re not well-versed on the basics of the stock market, the words and numbers spewed from CNBC or the markets section of your favorite newspaper can border on gibberish. Phrases like “earnings movers” and “intraday highs” don’t mean much to the average investor, and in many cases, they shouldn’t. If you’re in it for […]
Read moreMicrosoft announced a major reorganization on Wednesday that will include thousands of layoffs, largely in sales. The job cuts amount to less that 10 percent of the company’s total sales force, and most will be outside the U.S., the company said. Reports from last week suggested this was going to happen, and that Microsoft was […]
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