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Monthly Archives: August 2018

Jurors in Paul Manafort trial to hear closing arguments

Dana Verkouteren | AP This courtroom sketch depicts Rick Gates, right, answering questions by prosecutor Greg Andres as he testifies in the trial of Paul Manafort, seated second from left, at the Alexandria Federal Courthouse in Alexandria, Va., Monday, Aug. 6, 2018.  The jury in the bank fraud and conspiracy …

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Morgan Stanley upgrades Chipotle, sees 20 percent surge

Morgan Stanley upgraded Chipotle to overweight from in line, saying the company’s turnaround is working. “CMG is still early into a sales turnaround and has an attractive management change narrative and earnings recovery story,” analyst John Glass said in a note Wednesday. “While still early days in the brand’s long-awaited …

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Corona-maker Constellation ups bet on cannabis with $4 billion investment in Canopy Growth

Constellation Brands is upping its bet on the cannabis industry, announcing an additional $4 billion stake in Canopy Growth on Wednesday. The maker of Corona and Modelo took a 9.9 percent stake in the Canadian cannabis company in Oct. 2017, which included the option for future investments, giving Constellation a …

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Emerging markets, US dollar, Turkey-EU relations impacted

Against that backdrop, emerging markets — which Turkey is part of — have become the biggest casualty in the recent market rout. The iShares MSCI Emerging Markets exchange-traded fund, a passive investment product that tracks the index, has fallen by more than 1 percent this week even though Turkey makes …

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Y Combinator to set up China arm with ex-Baidu COO Qi Lu as CEO

David Paul Morris | Bloomberg | Getty Images Qi Lu speaks during a keynote session at the Microsoft Developers Build Conference in San Francisco, California, U.S. on March 31, 2016. American start-up incubator Y Combinator is setting up shop in China, with a new unit to be led by former …

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Chinese investors are picking other assets over stocks

Stocks still rank low on the popularity list for Chinese investors, while private funds are playing a larger role in the country’s asset management market — which many predict will soon become the world’s second largest. Mainland Chinese assets under management grew 22 percent last year to $4.2 trillion, outpacing …

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Twitter suspends Alex Jones

Lucas Jackson | Reuters Alex Jones from Infowars.com speaks during a rally in support of Republican presidential candidate Donald Trump near the Republican National Convention in Cleveland, Ohio, U.S., July 18, 2016. Twitter has restricted the account of right-wing media personality Alex Jones for violating its policies, according to a …

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Amazon now owns $1 billion worth of other companies

David Paul Morris | Bloomberg | Getty Images Amazon CEO Jeff Bezos (l) and Fiat Chrysler chairman John Elkann walk the grounds at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 12, 2018. Amazon has become a more active corporate investor in recent years …

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Cramer Remix: Why this stock could be red hot

Luke Sharrett | Bloomberg | Getty Images Customers carry Coach Inc. shopping bags after shopping at a store during a charity preview event on the eve of the grand opening of the Outlet Shoppes of The Bluegrass in Simpsonville, Kentucky. Tapestry and Home Depot both reported second-quarter earnings before the …

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Stocks making the biggest moves after hours: EGN, TEVA & more

Michael Nagle | Bloomberg | Getty Images The New York Stock Exchange (NYSE) is reflected in a puddle in New York, U.S., on Monday, June 18, 2018.  Check out the companies making headlines after the bell: Energen surged more than 7 percent in after-hours trading after Diamondback Energy announced it …

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