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Akio Kon | Bloomberg | Getty Images Daniel Ek, chief executive officer and co-founder of Spotify AB. Cramer said Wall Street has misread Spotify’s latest earnings report and guidance, and that misunderstood stocks like these give investors an opportunity to make some money. he called out stock analysts like Everscore …
Read More »Monthly Archives: February 2019
Third Point dissolves stakes in Netflix, Microsoft and Alibaba
Jacob Kepler/Bloomberg | Getty Images Daniel S. Loeb, Third Point Daniel Loeb’s Third Point dissolved its stakes in Netflix, Microsoft and Alibaba as of Dec. 31, according to a Friday filing with the Securities and Exchange Commission. The hedge fund previously held 1.25 million shares of Netflix, 4.1 million shares …
Read More »Automakers recall 1.7 million cars with fatal airbags
Pete Marovich | Bloomberg | Getty Images Stephanie Erdman testifies at a Senate Committee on Commerce, Science, and Transportation hearing on defects with Takata Corp. airbags in Washington, D.C. on November 11, 2014 Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace …
Read More »A bill to hobble OPEC is advancing in Congress
Still, there are signs the fresh NOPEC push in Congress has unnerved OPEC. The group reportedly advised member countries against mentioning oil prices when discussing production policy. Last month, the Wall Street Journal reported the group is considering undertaking a campaign to influence U.S. perception of OPEC. It comes as …
Read More »Facebook acquires GrokStyle, a start-up specializing in AI technology
Getty Images Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California. Facebook on Friday announced its acquisition of GrokStyle, a San Francisco start-up that uses artificial intelligence technology to help users shop for furniture. “We are excited to welcome GrokStyle …
Read More »BofA CEO Moynihan gets raise to $26.5 million for record 2018 profit
Christopher Goodney | Bloomberg | Getty Images Brian Moynihan, Bank of America Bank of America CEO Brian Moynihan got a 15 percent raise, the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings last year. Moynihan’s compensation rose to $26.5 million from $23 …
Read More »One of Tesla’s largest investors just increased its stake
VCG/VCG | Getty Images A Tesla Model 3 car is on display during the Auto China 2018 at China International Exhibition Center on April 25, 2018 in Beijing, China. Tesla shareholder Baillie Gifford has just increased its stake in the electric car maker, according to a regulatory filing Friday. U.K.-based …
Read More »The stock market comeback is on hold after rising for 6 straight weeks
After many stocks rallied during the best quarterly earnings season in nine years, investors began looking at the current quarter and the year ahead — and the 2019 outlook is not great. Wall Street analysts are slashing earnings expectations for the first quarter of 2019 so sharply that the overall …
Read More »Trade war headlines could get much worse before they get better
“Next week is a very big week. Lighthizer is clearly a hawk,” said Tom Block, Washington strategist at Fundstrat. He said it will be important to see a positive tone after the meeting, as none of the other sessions have been downbeat. “They gave a good cop, bad cop team …
Read More »Apple iPhone replacement cycle slowing Toni Sacconaghi says
Anthony Kwan | Bloomberg | Getty Images Employees serve customers inside an Apple store in Hong Kong, China, on Thursday, Jan. 3, 2019. Bernstein analyst Toni Sacconaghi said in a note to investors on Friday that people are holding onto their iPhones longer than ever before, which may spell trouble …
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