Investors have built up a large short position in investor Carl Icahn’s oil refining company, CVR Energy, in the past three months, according to Reuters data, as evidence mounts that the company’s gamble on the biofuels market is going sour. Icahn has been one of the loudest critics of the federal biofuels program. CVR, in […]
Read moreThe “Fast Money” traders shared their moves for first hours of the trading day. Tim Seymour was a buyer of Nike. Karen Finerman was a buyer of Valeant. Dan Nathan was a buyer of Disney. Guy Adami was a buyer of Micron. Trader disclosure: On August 8,2017, the following stocks and commodities mentioned or intended […]
Read moreNetflix investors are worrying Disney will not be the last to pull video content from the internet streaming giant. Disney announced Tuesday it intends to remove its movies from Netflix and launch a branded direct-to-consumer streaming service in 2019. Netflix shares fell in the post-market session following the news and opened down 3.9 percent on […]
Read moreInvesting in the stock market a decade ago today was, in retrospect, an awful way to treat your money. That’s when the global financial crisis began to erupt with the halting of withdrawals from some BNP Paribas funds, ushering in eighteen months of wealth destruction and economic peril. Perhaps surprisingly, though, that money put into […]
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TEN years ago, BNP Paribas, a French bank, temporarily suspended dealings in three funds, citing “the complete evaporation of liquidity in certain market segments of the US securitisation market”. Many people treat this as the start of the credit crunch but once can trace it back to the need for Bear Stearns to rescue hedge funds […]
Read moreThe amount of money raised by cryptocurrency and blockchain start-ups via so-called initial coin offerings (ICOs) has surpassed early stage venture capital (VC) funding for internet companies for the past two months. ICOs are a way for start-ups to raise money from users, similar to crowdfunding, by allowing them to buy a stake. In return, […]
Read moreIt’s been less than a year since Jonathan Silverstein, a venture capitalist at health-care fund OrbiMed, received the diagnosis that changed everything. Parkinson’s disease at age 49. A potentially more aggressive, inherited form, driven by a mutation in a gene called GBA. It affects up to 10 percent of Americans with Parkinson’s, and — as […]
Read moreWisconsin is not projected to break even on a $3 billion incentive package for a proposed LCD screen plant by Taiwan’s Foxconn for at least 25 years, a legislative analysis showed on Tuesday. Foxconn hopes to open a $10 billion plant in 2020 at a 1,000-acre site in southeastern Wisconsin and state leaders, including Republican […]
Read moreDisney‘s announcement of a streaming platform in 2019 comes too late and is “probably arrogant,” a U.K.-based fund manager told CNBC Wednesday. The company is pulling out of Netflix to launch its own consumer streaming service in two years’ time, starting in the U.S. to then be expanded worldwide. Disney movies such as “Toy Story […]
Read moreThe Swiss franc, the U.S. dollar and even the euro might be the best options for investors trading currencies in the face of rising threats from North Korea, analysts told CNBC. “The CHF (Swiss franc) along with the JPY (Japanese Yen) are widely considered the usual safe-haven currencies. However, given geographical proximately I would expect […]
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