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Lucy Nicholson | Reuters Thomas Barrack, Executive Chairman, Colony Northstar, speaks at the Milken Institute’s 21st Global Conference in Beverly Hills, California, May 1, 2018. Tom Barrack, American private equity investor and chairman of Colony Capital, issued an apology after saying the U.S. had committed “equal or worse” atrocities than …
Read More »Monthly Archives: February 2019
Pfizer holds lead in erectile dysfunction market as Viagra sales fall
Despite generic competition from other drugmakers, Pfizer has been able to maintain a significant market share thanks, in part, to launching its own generic version of the blue, diamond-shaped pill. In late 2017, Pfizer announced it would produce a generic version, called sildenafil, at half the cost of the brand …
Read More »Crypto exchange Binance profitable despite bear market, CFO says
Yu Chun Christopher Wong | S3studio | Getty Images A photo illustration of the digital Cryptocurrency, Bitcoin, is seen on September 13 2018 in Hong Kong, Hong Kong. Binance, the world’s largest cryptocurrency exchange by trading volume, is still profitable despite last year’s market meltdown, its chief financial officer said. Last …
Read More »Andrew Penn weighs in on profit fall and 5G rollout
Carla Gottgens | Bloomberg | Getty Images Andrew Penn, chief executive officer of Telstra Corp., speaks during a news conference in Melbourne, Australia. Australia’s largest telecom company Telstra will soon be ready to give customers the next-generation of ultra-high speed mobile internet, known as 5G, its CEO said on Thursday. …
Read More »Beijing reports China economic data
VCG | Getty Images A truck moves a shipping container at Qingdao Port on January 14, 2019 in Qingdao, Shandong Province of China. China on Thursday reported imports and exports data for December that easily topped expectations amid its trade dispute with the U.S. That better-than-expected news comes a month …
Read More »Apple streaming services event set for March 25: reports
Shannon Stapleton | Reuters Apple CEO Tim Cook speaks during an Apple launch event in the Brooklyn borough of New York, October 30, 2018. Apple is holding an event on March 25 to announce new services, including streaming video and subscription news, according to reports in BuzzFeed and Bloomberg. Adding …
Read More »Trump will get the weak dollar he likes from a China trade deal but not if he goes after Europe
A trade deal with China could stop the dollar’s rise, but it may not stay down if President Donald Trump then turns his focus to tariffs on European cars. U.S. trade negotiators are in China this week, and stocks and risk assets have risen on optimism that a deal will …
Read More »Cisco earnings Q2 2019
Adam Galica | CNBC Chuck Robbins, CEO of Cisco, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Cisco shares rose in extended trading on Wednesday after the manufacturer of networking equipment reported quarterly revenue and earnings that beat analysts’ estimates. Here are the key numbers for …
Read More »Investors need to get back to stock picking
With the S&P 500 now 17 percent off its low, investors should turn to picking individual stocks to capture the best stock market returns, according to Goldman Sachs stock strategists. Stock-picking opportunities are most plentiful among stocks in the consumer discretionary, communications serivces and health care sectors. They highlight stocks …
Read More »Traders boost the wrong stock after J&J takeover
Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange, Jan. 14, 2019. Drug developer Auris Medical surged as much as 30 percent on Wednesday after a takeover announcement from Johnson & Johnson came out in the morning. But Auris Medical isn’t …
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