General Motors‘ strong competitive position in key future technologies in the auto market is underestimated by investors, according to a Wall Street firm. Bank of America Merrill Lynch raised its rating for GM to buy from neutral, saying the company will thrive due to its upcoming electric and autonomous cars. “GM’s management is proactively pursuing […]
Read moreThe chairman and CEO of Berkshire Hathaway Warren Buffett said Tuesday that passive investing works in any market environment and so he’d be willing to wager again against active investing for the next 10 years. A decade ago, the billionaire investor made a million dollar bet that the S&P 500 will beat a basket of […]
Read moreSlack Technologies has secured a partnership with Oracle to integrate the tech giant’s enterprise software products into the popular workplace messaging app, the two companies told Reuters. The partnership is a victory for Slack as the young startup ramps up its efforts to win the business of large enterprises in an increasingly competitive marketplace that […]
Read moreTesla’s third quarter Model 3 delivery miss is further evidence the electric car maker will have difficulties ramping up manufacturing for the vehicle, according to a top Wall Street firm. In the third quarter, Tesla delivered 26,150 total vehicles and just 220 Model 3 cars versus the FactSet estimates of 25,860 and 1,260, respectively. Although […]
Read moreTophatter is an e-commerce retailer that sees itself as the anti-Amazon. While that gigantic online marketplace is where shoppers turn to buy what they need, Tophatter focuses more on what consumers didn’t know they wanted. Pulling up the app is like stepping into the world’s busiest discount mall. Act now! Deals won’t last! Users compete […]
Read moreThe world’s biggest oil producers, Russia and Saudi Arabia, have announced a $1 billion fund to invest in energy projects — marking another chapter in the blossoming economic and political partnership between the two countries. The latest deal will see Russia and Saudi Arabia strengthen their cooperation in oil, gas, electricity and renewable energy, Russian […]
Read moreA persistent wave of headlines about data breaches and cyberattacks, like the latest one on credit-monitoring firm Equifax, reinforces that cybersecurity remains fundamental to the future of our digital age and preservation of the economic and societal benefits that the internet provides. While new technology innovations continue to bring tremendous benefits to business productivity and […]
Read moreThe chairman and CEO of Berkshire Hathaway Warren Buffett said Tuesday he is very optimistic over the future of Bank of America. CNBC’s Becky Quick asked the billionaire investor which bank stock was his favorite. “What’s your favorite child?” Buffett joked on CNBC’s “Squawk Box” adding, “Bank of America has done a sensational job under […]
Read moreCurrency, United States Finance
Russia threatens retaliation over US 'break-in' at San Francisco consulate
U.S. officials broke into residences at Russia’s consulate in San Francisco, the foreign ministry in Moscow said, threatening retaliation over what it called a hostile and illegal act. Russian staff had left the consulate last month, after Washington ordered Moscow to vacate some of its diplomatic properties, part of a series of tit-for-tat actions during […]
Read moreThere is something vaguely unsettling about the explosive growth of exchange-traded funds and the passive investing strategies they employ. It might be a sense of nostalgia: We are witnessing the twilight of stock- and bond-picking fund managers who get paid to beat the market. Or it might be a fear that the giant herds of […]
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