JPMorgan’s top quant said the tax plan released by President Trump and the GOP last week could further boost the stock market if it becomes law. “If we can have tax reform, [the] market’s going to look a little bit cheaper and people will probably go and pick up some value-type stocks,” said Marko Kolanovic, […]
Read moreDisney CEO Bob Iger confirmed that the company considered acquiring Twitter before instead purchasing a majority stake in sports streaming site BAMTech. The company was looking at different way to open up its distribution business and go directly to customers, Iger said at the Vanity Fair’s New Establishment Summit in Los Angeles on Tuesday. One […]
Read moreDespite his decades on Wall Street, sometimes CNBC’s Jim Cramer is downright bewildered by how strongly the market trades regardless of the news flow. “In a stampeding bull like this one, the level of optimism can feel borderline delusional,” the “Mad Money” host said. “There’s a total suspension of skepticism, along with a widespread belief […]
Read moreWith Netflix planning to spend up to $7 billion next year on content, HBO CEO Richard Plepler is in no hurry to match the company dollar for dollar. “More is not better, only better is better,” Plepler told CNBC’s “Power Lunch” on Tuesday. “It is very hard to create outstanding content, and we think we […]
Read moreJosh Umbehr, a Kansas-based family physician and entrepreneur, is on a mission to bring down the price of health care, starting with prescription drugs. So for years, he’s been regularly emailing the one person that he believes can make a difference. And that’s Amazon CEO Jeff Bezos. “Amazon could work with small pharmacies across the […]
Read moreSnap has sold about 150,000 of its camera glasses, called Spectacles, CEO Evan Spiegel said on Tuesday. Spiegel spoke to author Walter Isaacson at Vanity Fair’s fourth annual New Establishment Summit in Beverly Hills, California. But while Spiegel said the sales figure far exceeded internal expectations for the product, Isaacson argued it seemed like the […]
Read moreThe following is an excerpt from “The Four: The Hidden DNA of Amazon, Apple, Facebook and Google” (Oct. 3, 2017, Portfolio) by Scott Galloway: Firms try to build higher and higher walls to keep enemies (upstarts and competitors) from invasion. Business theorists call these structures “barriers to entry.” They are nice in theory, but increasingly […]
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With a 64 percent year-to-date rally, Boeing is by far the best performer in the Dow Jones industrial average. And Todd Gordon of TradingAnalysis.com says the aircraft manufacturer is about to head even higher. Tuesday on CNBC’s “Trading Nation,” Gordon took a look at a chart of Boeing and pointed to two distinct gaps that […]
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The digital coin industry is increasingly trying to find ways to curry favor with regulators on fundraisers known as initial coin offerings. “We are starting to see the self-regulation of this market, I think the taming of the Wild West,” said Marco Santori, head of fintech practice at Cooley and an advisor to the International […]
Read moreA San Francisco district judge on Tuesday granted Alphabet’s request to push back the trial date for its case against Uber over self-driving car technology. Waymo requested a delay after a key piece of evidence was made public, because the company said it now has a mountain of new evidence to go through, making an […]
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