As much as U.S. technology stocks have climbed this year, their Chinese counterparts have surged far more as investors are drawn to the world’s second-largest economy. Among the big Chinese tech stocks traded in the U.S., messaging app Momo, e-commerce site JD.com and its bigger rival Alibaba have each gained nearly 80 percent or more […]
Read moreThose of us who were around for the early days of the internet remember when Amazon was just a bookseller, or “Earth’s biggest bookstore,” as the company fondly described itself. Amazon has since expanded to just about every market imaginable, becoming one of Earth’s biggest companies altogether. But books — even the physical kind — […]
Read moreBack in the late 1960s and the early 1970s, investors went gaga over 50 large-cap blue chip stocks called the Nifty Fifty. These equities were often described as “one decision” trades that you bought and kept for life. At their peak, the NIfty Fifty were trading at 42 times earnings — more than twice the […]
Read moreIn the age of social media, professional athletes’ retirements aren’t just grand last hurrahs — they’re also marketing opportunities. Veteran NFL player Vince Wilfork announced his retirement Monday on Twitter, in a video post sponsored by Kingsford Charcoal, a Clorox brand. Wilfork wrote: “Well y’all – it’s been a great run, but the time has […]
Read moreSoftware stocks have crushed the market this year and a Wall Street analyst believes the industry’s strong performance will continue. The sector has rallied 23 percent year to date versus the S&P 500‘s 10 percent return, according to Credit Suisse’s research. Cloud-oriented software stocks are up even more with a 30 percent gain in the […]
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IGNORANCE of the law is no excuse for breaking it. Over the weekend two Chinese tourists were arrested in Germany for photographing themselves making Hitler salutes outside the Reichstag building in Berlin. The country has strict anti-hate laws, which prohibits pro-Nazi symbols and speech. The Chinese pair were released on €500 ($590) bail; police said […]
Read moreUber co-founder and board member Garrett Camp told employees that the company’s former CEO Travis Kalanick isn’t returning to fill his prior role, sources told Recode. In an email to staff on Monday, Camp addressed recent reports that Kalanick was attempting to come back as CEO. Camp wrote that he received several questions about the […]
Read moreGoogle and Uber mulled teaming up on self-driving car technology, but the relationship iced over, former Uber CEO Travis Kalanick said in a deposition published this weekend. The deposition centers on an ongoing lawsuit between Alphabet’s self-driving car unit Waymo (formerly all under Google) and Uber. The tech giants are fighting over whether a star […]
Read moreWith a nearly 30-percent gain in 2017, shares of industrial products maker Handy & Harman are outpacing hot stocks like Google-parent Alphabet and Visa. Yet few on Wall Street have ever heard of the $412-million market-cap company, in large part because no sell-side research analysts publish any estimates of its earnings. That lack of information […]
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Financials stocks are set to surge higher in the coming year due to rising dividends and bigger share buybacks, according to Goldman Sachs. “We believe 2017 will mark an inflection point in the amount of capital the Fed allows financials firms to return to shareholders … This is the first year that certain money center […]
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