Investing News

Sergei Konkov | TASS | Getty Images As Alphabet shares fell after the Google-parent missed Wall Street’s third-quarter earnings expectations, one analyst proposed a solution: Divest YouTube, one of the tech giant’s most valuable assets. “We think GOOGL should spin off part or all of YouTube, which we estimate would be worth $300B on a stand-alone basis,”
0 Comments
Google CEO Sundar Pichai speaks during signing ceremony committing Google to help expand information technology education at El Centro College in Dallas, Texas, October 3, 2019. Brandon Wade | Reuters Alphabet will pick up where it left off after July’s stellar second quarter earnings report if Wall Street analysts are to be believed. The company
0 Comments
Democratic presidential candidate, Sen. Elizabeth Warren (D-MA) greets an overflow crowd outside of a town hall event on August 17, 2019 in Aiken, South Carolina. Sean Rayford/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.) It’s been a tough
0 Comments
Investors betting against Elon Musk’s electric automaker Tesla collectively lost an estimated $1 billion-plus on Thursday as the company’s stock headed for its best day on Wall Street since 2013. Tesla popped 16.5% Thursday to around $300 per share, meaning short sellers betting against the stock are on track for $1.4 billion in mark-to-market losses
0 Comments
A customer pulls into a McDonald’s restaurant in Shepherdsville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Generally, profits are topping expectations by a large margin this earnings season, but there were some notable misses on Tuesday. Some of the largest and most well-known companies in the U.S. — including McDonald’s, UPS and Lockheed Martin
0 Comments
Shares of Biogen soared nearly 40% on Tuesday after the drug maker said it is seeking regulatory approval for its Alzheimer’s drug, aducanumab. “It would be the biggest drug ever,” said CNBC’s Jim Cramer on “Squawk on the Street.” The announcement comes just months after Biogen discontinued clinical studies for the same drug following a
0 Comments
Senator Elizabeth Warren (D-MA), a 2020 US Presidential hopeful, speaks during the ‘We The People’ Summit at the Warner Theatre April 1, 2019, in Washington, DC. Brendan Smialowski | AFP | Getty Images One Wall Street economist on Monday warned clients about the tax proposals touted by Democratic presidential hopefuls Elizabeth Warren and Bernie Sanders,
0 Comments
Peloton bike Source: Peloton Shares of fitness program company Peloton have dropped nearly 19% since its public debut last month but Wall Street analysts, including J.P. Morgan, Barclays and UBS, began covering the stock on Monday with bullish forecasts. “We believe Peloton is well positioned to disrupt the fitness industry,” J.P. Morgan wrote in a
0 Comments
Sunrun installer putting up solar electric panels on a residential rooftop in California. Source: Sunrun Hedge fund Tiger Global Management is making a big bet on continued expansion at San-Francisco-based Sunrun, which has grown into the nation’s largest residential solar company. The fund, headed by Julian Robertson protégé Chase Coleman, has been steadily increasing its
0 Comments