Longtime stock researcher Ronnie Moas raised his price target on bitcoin by $2,500 Monday after the digital currency hit an all-time high over the weekend. “What’s happening is the floodgates are opening,” Moas, founder of Standpoint Research, said in a phone interview with CNBC Monday. “I believe there are hedge funds and very deep-pocketed individuals […]
Read moreWall Street’s “dean of valuation,” Aswath Damodaran, says he is perplexed over why a cash-burning company like Tesla is choosing debt to raise money over stock. “There is much to admire in the Tesla story but there is one aspect of the story that I find puzzling, and if I were an equity investor, troubling. […]
Read moreGoogle is paying Apple billions of dollars to remain the default search engine on iPhones and iPads, Bernstein said in a note to investors on Monday. The firm believes that Google will pay Apple about $3 billion this year, up from $1 billion just three years ago, and that Google’s licensing fees make up a […]
Read moreAmazon’s path to dominance in big industries, whether it’s retail or cloud computing, often involves cutting out the smaller middlemen. The drug supply chain could be next. Following a string of CNBC reports on Amazon’s move into the pharmacy market, the largest players in the space are getting peppered with questions about their plans to […]
Read moreEleven years ago, Kevin Weil was headed down a path he had long envisioned for himself: earning a doctorate degree in theoretical physics, with plans to become a full-time professor. But shortly after he started his Ph.D. program at Stanford University, where he earned a master’s degree in the field in 2006, he suddenly changed […]
Read more
Goldman Sachs encouraged its clients to invest in high-growth stocks, predicting that higher interest rates in 2018 will cause earnings growth to slow and therefore placing a premium valuation on such companies. “The majority of the recent market rally has been driven by higher earnings rather than valuation expansion,” wrote Goldman Sachs chief U.S. equity […]
Read moreRyanair has called on U.K. airports to restrict the sale of alcohol after it was reported that arrests of drunken passengers rose by 50 percent in a year. Europe’s biggest airline said on Monday that it has already taken a number of measures to limit the amount of alcohol customers can consume on board flights, […]
Read more
AT 30,000 feet the skies may be clear, but the oxygen certainly is not. Anyone who has wheezed his way through a long plane journey will know that cabin air is hardly pristine. Nearly all aircraft draw in air by way of the plane’s engine compressor. It is common for a small amount of oil […]
Read moreDisney’s CEO Robert Iger delivered earnings last Tuesday and the stock slumped about 4 percent in response the next day. The biggest news to come out of the earnings was that Disney plans to launch two over-the-top streaming services in the next two years. One will be an ESPN sports service primarily made up of […]
Read moreTech giants like IBM and Capgemini could go on a mergers and acquisitions “shopping spree” for financial technology (fintech) start-ups next year, the chief of one such start-up has told CNBC. Daniel Döderlein, CEO of Norwegian fintech startup Auka, said that tech behemoths that have shared a long-standing relationship with banks but still rely on […]
Read more