Arnold Schwarzenegger Falls for Snapchat but Should Investors Pile In?By CCN: Arnold Schwarzenegger, star of “The Terminator” (and nothing else lately), found himself the victim of an assault at an event in South Africa. While attending “Arnold Classic Africa” in Johannesburg, which features a wide array of sporting events and physical activities, the 71-year-old “Last
Tech-Averse Warren Buffett’s Company Wolfs $900 Million in AMZN StockBy CCN: By the end of Wednesday’s trading, Warren Buffett’s company Berkshire Hathaway had a stake in Amazon’s stock worth $904 million, an SEC disclosure reveals. To get a sense of scale for how big Amazon.com is, the $900 million stake in Amazon’s stock only puts Berkshire
There Are a Million Reasons to Short Uber’s New Stock. Here Are Three.By CCN: Investors have been rubbing their greedy little hands together thinking that the Uber IPO will make them rich. However, a close look at Hoover’s model, financial statements, and the rideshare market provides investors with plenty of reasons to short Uber’s stock.
Bearish Market Strategist Warns of Looming 15% Correction in StocksBy CCN: If you think today’s stock market declines were ugly, things could be about to get worse. While the Dow Jones Industrial Average and S&P 500 indexes managed to bounce off their lows of the day, they still ended in the red. Worse, the sentiment
Dow Roars Towards Record High as Apple Stock Smashes 6% HigherBy CCN.com: The Dow Jones Industrial Average looks set to open in positive territory on Wednesday after a strong earnings report at Apple last night. Dow futures are up 81 points (0.3 percent), putting the DJIA in touching distance of its record high of 26,828.
Goldilocks Economy Sends Dow Soaring in 2019, but Can the Party Last?By CCN: If you’re not careful, you’ll get whiplash from the speed at which the mood in the market is changing. We’ve gone from a doom-and-gloom recessionary outlook to one that’s now sunny skies ahead. In fact, the stars appear to have aligned for
Facebook’s Stock Defies Gravity Despite Looming $5 Billion FTC ProbeBy CCN: Facebook’s stock ran up 7.5% in after-hours trading to $196 after Q1 earnings painted a seemingly rosy growth picture. Revenue exploded by $3.1 billion to $15.08 billion, which exceeded estimates. Facebook CEO Mark Zuckerberg, however, revealed that the FTC’s investigation into the company for privacy
Billionaire’s Savage Tesla Takedown Ends with Surprise Muppets QuoteHedge fund billionaire David Einhorn dissed Elon Musk over his recent troubles and gloated that the “the wheels are coming off — literally” at his electric-car company Tesla. Einhorn’s investment firm, Greenlight Capital, has been shorting Tesla stock for a couple of years. Accordingly, he has a
Pinterest IPO: Major Flaw that Plagues Lyft Again Rears its Ugly HeadFollowing Lyft and TradeWeb, the next big IPO of the year is rapidly approaching. Make way for Pinterest, which could face similar headwinds to Lyft and has already begun to prep for this by slashing its IPO target by billions of dollars. Unfortunately for
Dow Jones: ‘New Progress’ in Trade Deal Primes DJIA for Strong OpenOver the weekend, negotiators of the U.S. and China have reportedly made “new progress” in their recent round of discussions, touching specifically on the protection of intellectual property. Enthusiasm over this development could propel the Dow Jones toward a new all-time high following Monday’s