The analyst who uncovered Carl Icahn’s recent purchase of HP and Warren Buffett’s backing of Occidental Petroleum now says a big investor may be sniffing around Netflix. Don Bilson, head of event-driven research at Gordon Haskett, said it looks like Nomura Holdings picked up 1.89 million Netflix shares in the third quarter and may have
Finance
Pedestrians carry Bloomingdale’s shopping bags while walking in New York. Craig Warga | Bloomberg | Getty Images Consumers are likely to have increased their spending in October, after a surprising pullback in September. The government’s October retail sales report, due at 8:30 a.m. ET Friday, is one of the most important data releases of the
Online fashion house Farfetch’s CEO Jose Neves and members of the company’s leadership team ring the opening bell to celebrate their IPO at the New York Stock Exchange in New York, September 21, 2018. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Farfetch shares surged 20% during extended trading after
Amid a roaring stock market and ever-increasing levels of corporate and government debt, Federal Reserve Chairman Jerome Powell said Thursday he does not see signs of bubbles brewing or immediate dangers being posed by trillion-dollar deficits. “If you look at today’s economy, there’s nothing that’s really booming now that would want to bust,” Powell said
Secondary school students attend a rally at Edinburgh Place in Hong Kong on August 22, 2019. Anthony Wallace | AFP | Getty Images Even after months of protests and escalating violence, Hong Kong is still a “very good proxy” for foreign investors wanting to access the vast China market, an economist said on Wednesday. “Since
A man and a child wearing breathing masks are seen on an electric vehicle in smog on November 14, 2018 in Beijing, China. Yang Kejia, China News Service | Visual China Group | Getty Images Climate change is already damaging the health of children, and its impacts will harm the entire generation with serious health
The “Fast Money” traders shared their first moves for the market open. Karen Finerman was a buyer of Disney. Dan Nathan was a seller of the SPDR S&P Retail ETF. Lori Calvasina was a buyer of small caps. Guy Adami was a buyer of PayPal. Disclosure Trader disclosure: Dan is Long TLT Dec call spread. XLP Nov
A JD delivery cart stops at roadside. Zhang Peng | LightRocket | Getty Images BEIJING – Alibaba, JD.com and Pinduoduo. For these three forces of China‘s online shopping market, winning the race to tap the country’s fastest-growing regions will depend largely on an efficient delivery strategy. China’s largest cities rival global metropolises in the variety
Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of 2U Inc. surged more than 15% during extended trading after the cloud-based software company reported third-quarter earnings and updated its full-year revenue and net loss outlook. 2U expects revenue between $570 million and $575 million for the year, narrower than
The S&P 500 is having its best year since 2013. But one widely used strategy will likely block investors from profiting from the market’s record strength going forward, according to Crossmark Global Investments’ Victoria Fernandez. The firm’s chief market strategist, who has $5 billion in assets under management, is advising investors to avoid picking S&P
China could start rolling out its digital currency as early as the next two to three months, predicted the managing partner of an investment firm backed by Foxconn Technology Group. China has developed a framework called the Digital Currency Electronic Payment or DCEP, according to Jack Lee, managing partner of HCM Capital. That would allow
Partners and executives at European venture capital firm Balderton Capital. Balderton Capital Venture capital firm Balderton Capital has closed a new $400 million fund, which it says will be used to invest in early-stage European tech start-ups. Balderton said Tuesday that the fund is targeted at start-ups raising funds at the Series A stage —
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters It’s no coincidence that investors are getting more positive on the stock market as the yield curve has been steepening. Bank of America Merrill Lynch’s quantitative team has new research that shows a direct relation between the move in stock
An electric scooter from Swedish tech start-up Voi Technology. Voi Technology Swedish electric scooter sharing start-up Voi Technology has raised $85 million from investors, a move the firm hopes will help it reach profitability in the next few years. The new round was led by Stockholm-based investment group Vostok New Ventures, Voi said Monday. Existing
A Goldman Sachs sign is seen on at the company’s post on the floor of the New York Stock Exchange. Brendan McDermid | Reuters The New York Department of Financial Services is launching an investigation into Goldman Sachs’ credit card practices after a tech entrepreneur accused the bank’s Apple Credit Card algorithm of discriminating against
US Federal Reserve Governor Lael Brainard attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images Along with all of the other things it must consider, the Federal Reserve needs to take into account climate change when formulating monetary policy, Fed
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) “You are what your record says you are,” said former football coach Bill Parcells, offering a no-excuses maxim of accountability tied to tangible results. So, what does the stock market’s recent rally
Jeff Bezos CEO of Amazon. Joe Klamar | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The Dow, S&P 500 and Nasdaq all hit all time record-highs this week and if investors are looking at what
Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019. Kate Munsch | Reuters Bitcoin’s buzz may have faded but Andreessen Horowitz is still betting on cryptocurrency and its underlying technology. The Silicon Valley venture capital firm is launching a school to coach entrepreneurs on
President Donald Trump holds a campaign rally in Dallas, October 17, 2019. Jonathan Ernst | Reuters Progress in trade talks and a steady, but accomodative Fed policy have eased the way for the stock market’s rally to new highs, and both will be in the forefront when President Donald Trump and Jerome Powell speak at