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Monthly Archives: November 2017

GOP Senate campaign arm abandons Roy Moore following sexual allegations

Getty Images Republican candidate for the U.S. Senate in Alabama, Roy Moore, speaks at a campaign rally on September 25, 2017 in Fairhope, Alabama. The chief fundraising vehicle for Republican Senate campaigns on Friday severed its ties to Roy Moore, the party’s nominee in Alabama’s special election next month. The …

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Netflix drops five percent this week

Patrick T. Fallon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix The fastest growing FANG stock slowed this week. Netflix — up 64 percent in the last 12 months, outpacing Facebook, Amazon and Google-parent Alphabet — shed more than 5 percent this week, as big media …

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Equifax executives forego annual bonuses

Andrew Harrer | Bloomberg | Getty Images An Equifax Inc. slide is displayed on a monitor during a House Financial Services Committee hearing in Washington, D.C., on Wednesday, Oct. 25, 2017. Equifax executives will forgo their 2017 bonuses in the wake of the company’s devastating cybersecurity incident, CEO Paulino Barros …

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Bitcoin is giving this stock a huge boost

Bitcoin has defied gravity this year, and it’s taken one retail stock along with it. Shares of Overstock.com are on pace for their best year since 2004, largely due to the growing interest in cryptocurrencies, but some market participants are wary of the stock continuing its run. In January 2014, …

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Elon Musk’s most-liked Instagram post highlights Turkey’s turbulent politics

Murat Cetinmuhurdar | Handout | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan meets with CEO of SpaceX Elon Musk at the Presidential Complex in Ankara, Turkey on November 8, 2017. Tesla and SpaceX CEO Elon Musk took a photo in Turkey that has earned more likes than …

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Alibaba sales hit $5B in first minutes of cybershopping day

Aly Song | Reuters A screen shows the value of goods being transacted at Alibaba Group’s 11.11 Singles’ Day global shopping festival in Shanghai, China, November 11, 2017. Alibaba hit $5 billion in transactions in less than 15 minutes on Singles Day, blowing the opening minutes of past years for …

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Venezuela utility defaults as judgment day looms for state oil giant

Carlos Garcia Rawlins | Reuters Venezuela’s President Nicolas Maduro talks to the media during a news conference at Miraflores Palace in Caracas, Venezuela October 17, 2017. Venezuela’s Electricidad de Caracas — a state-owned electric company — has defaulted on a $650 million bond payment, Wilmington Trust said Friday. The bonds …

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GE faces investor day with questions about its past and future

Not that long ago, General Electric was seen as the very model of corporate success, the American capitalist system in action under a sprawling umbrella of synergized interests. No more. As the company limps into its investor day presentation Monday, it has gone from a paradigm of success to a …

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Overstock may soar if sells e-commerce, focuses on bitcoin blockchain

Shares of Overstock.com could soar more than 60 percent, according to the primary Wall Street analyst covering the e-commerce company. D.A. Davidson analyst Tom Forte is the only analyst listed on FactSet covering the stock, which has topped $1 billion in market value only in the last few weeks. Forte …

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Labor shortages persist as the ‘tale of the lost male’ unfolds

Drugs, jail and video games have taken millennial men out of the workforce and they aren’t likely to return —a phenomenon dubbed “the tale of the lost male” by economists at Bank of America Merrill Lynch. A decline in the labor force participation rate since the financial crisis masks stark …

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