- Bloomberg•19 hours ago
China Said to Plan Broad Import Tax Cut
China is planning to cut average tariff rates on imports from the majority of its trading partners as soon as next month, two people familiar with the matter said, in a move that would lower costs for consumers as a trade war with the U.S. deepens.
- Business Insider•yesterday
The Canadian cannabis producer that was in talks with Coca-Cola to make a CBD-infused drink is reportedly targeting a US IPO in October
Aurora Cannabis is planning for a US initial public offering in October, the company's chief corporate officer said. The Canadian cannabis producer was reportedly in talks with Coca-Cola to make a CBD-infused drink. Marijuana stocks have been red-hot as of late.
- InvestorPlace•yesterday
Ticketmaster Scalping Scandal: 15 Things to Know About the Shocking Report
Here’s what we know about the scalping scandal affecting Live Nation Entertainment’s (NYSE:LYV) Ticketmaster. Robert Cribb and Dave Seglins went undercover to attend special Ticketmaster events. At these events, the two investigative reporters for The Star and CBC News posed as ticket scalpers.
- Bloomberg•yesterday
Friday Is Going to Be a Huge Day for Stock Traders
Two major market events that have the potential to send U.S. equity volumes sky-high will collide Friday. The first is the quarterly event known as “quadruple witching” -- when futures and options on indexes and individual stocks expire.
- Zacks•4 hours ago
Bank Stock Roundup: Economic Growth Inspires Optimism, WFC & BofA in Focus
Over the last five trading days, major banks’ rally continued on expectation of interest rate hike this month. Further, given the growth in economy, low unemployment rate and healthy consumer sentiment, the demand for loans and other related products of banks are expected to rise. Rise in mortgage rates will limit refinancing activity as well.
- Barrons.com•6 hours ago
Warren Buffett’s Berkshire Hathaway Keeps Hitting New Highs—and It Still Looks Underpriced
Berkshire’s class A shares (BRKA) gained $1,415, or 0.4%, Thursday to close at $333,415, after hitting a record $334,560 in intraday trading. Now valued at $548 billion, Berkshire has plowed past (FB) (FB), which is valued at about $480 billion, to become the fifth-largest company in the U.S. stock market behind (AAPL) (AAPL), (AMZN) (AMZN), (MSFT) (MSFT), and (GOOGL) (GOOGL). Berkshire’s class B shares (BRKB) added 0.3% Thursday to close at $221.68.
- Bloomberg Video•2 days ago
Weed Stock Tilray Gains 94% Then Loses It All in Minutes
Sep.19 -- For U.S. marijuana company Tilray, it was double - then nothing. The stock rocketed 94% on CEO Brendan Kennedy's comments, only to see all that gain go up in smoke less than an hour later. Ramy Inocencio explains the highs, lows and last-minute 40% rebound on "Bloomberg Daybreak: Asia."
Reuters•7 hours agoFor bold Chinese buyers of soybeans, bargain U.S. prices trump trade war
XIAN/BEIJING (Reuters) - At least two cargoes of U.S. soybeans are heading for China as some buyers are willing to risk taking up historically cheap U.S. beans even amid worries that Beijing may take further steps to deter imports amid mounting trade tensions with Washington. Grain traffic from the United States to China has nearly ground to a halt since Beijing hit $50 billion in U.S. imports, including soybeans, with hefty tariffs, in retaliation for a similar move by Washington. The buyers of the beans, which are used to make meal for animal feed and oil for cooking, are not known, and the cargoes may have been booked before the tariffs were introduced.
- Zacks•5 hours ago
TER vs. A: Which Stock Should Value Investors Buy Now?
Testing Equipment sector might want to consider either Teradyne (TER) or Agilent Technologies (A). The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. Currently, both Teradyne and Agilent Technologies are holding a Zacks Rank of # 2 (Buy).
Business Insider•yesterdayA $10 billion marijuana producer just spun off its venture arm in the hopes it will become the 'Google Ventures of cannabis' (RIV)
Canopy Rivers, the venture-capital arm of Canopy Growth, made its debut on the Toronto Stock Exchange Thursday morning at $18.44 per share. The company, which makes minority investments in burgeoning marijuana companies, in an attempt to become the "Google Ventures of cannabis," found its way onto the exchange via a reverse takeover with a company formerly known as AIM2 Ventures.
- Bloomberg•20 hours ago
Tesla Loses Supply Management Chief as Exodus Worsens
Another Tesla Inc. vice president is leaving the company, according to people familiar with the matter, as Elon Musk struggles to contain an exodus of senior executives. Liam O’Connor, vice president of global supply management, has resigned from the electric-car maker, said the people, who requested anonymity because the information hadn’t been made public. Tesla representatives didn’t immediately respond to a request for comment.
- MarketWatch•18 hours ago
Micron stock swings to a loss after disappointing earnings forecast
Micron Technology Inc. shares swung from a gain to a loss in the extended session Thursday after the memory chip maker’s outlook fell short of Wall Street estimates. Micron (MU) shares had been up as much as 5% in after-hours trading following a strong quarterly earnings report, but ended the extended session down 6.8%. At the close, Micron shares were up 12% for the year, compared with a 10.7% gain in the PHLX Semiconductor Index (SOX) , a 9.6% rise in the S&P 500 index (SPX) and a 16.3% gain in the tech-heavy Nasdaq Composite Index (COMP) .
- CNBC Videos•19 hours ago
'People too excited' about pot stocks and 'it will end ba...
Jim Cramer doubles down on his warning about investing in marijuana stocks like Tilray, which has been trading wildly since CEO Brendan Kennedy's appearance on "Mad Money."
Business Insider•yesterdayMillennials are snapping up the 'Tesla of China' since its IPO (NIO)
Millennial investors have been pilling into Nio, the Tesla of China, shares since its US initial public offering last week. Nio shares have gained 46% since their IPO, and is the 29th most held stock on Robinhood. Nio — the Tencent-backed electric-car startup widely seen as the Tesla of China — has become a darling for investors on the stock-trading app Robinhood, a no-fee brokerage popular among younger traders.
Business Insider•yesterdayA former exec at Google and Facebook doesn't just expect job candidates to negotiate their offer — she hopes they will
Libby Leffler, a former Facebook executive and Google employee, is now the vice president of membership at SoFi. Leffler said she always expects job candidates to negotiate their job offer because it shows how they'll behave once they get hired. Negotiating a job offer is a notoriously harrowing process, especially if you've never done it before and assume the world will explode if you request a dollar more.
- Zacks•3 hours ago
Here's Why You Should Buy Intuitive Surgical (ISRG) Now
Intuitive Surgical, Inc. ISRG is currently one of the top-performing stocks in the MedTech space. An impressive outlook for 2018 and strength in its flagship da Vinci system favor the stock. Shares of Intuitive Surgical have rallied 63.3% against the industry’s decline of 6.3% in a year’s time.
- MarketWatch•5 hours ago
AT&T stock gains after UBS upgrades to buy
Shares of AT&T Inc. (t) are up 1.4% in premarket trading Friday after UBS analyst John Hodulik upgraded the stock to buy from neutral, citing a valuation that's near an all-time low and the widest valuation gap relative to Verizon Communications Inc. (vz) "Wireless remains the key and should post solid growth," Hodulik wrote. "Improving ARPU [average revenue per user] trends across the industry (and limited iPhone promos) attest to the benign competitive environment." He sees room for AT&T and Verizon to benefit from the rise of 5G "given other carriers' inability to invest in 5G at competitive levels." Hodulik raised his price target to $38 from $33.
- Zacks•5 hours ago
Will Generic Market Trends Mar Rite Aid (RAD) Q2 Earnings?
Rite Aid Corporation RAD is slated to report second-quarter fiscal 2019 results on Sep 27. In the fiscal first quarter, the company reported loss of 1 cent per share, which lagged the Zacks Consensus Estimate of break-even results. The Zacks Consensus Estimate suggests that the company is likely to post loss per share of 1 cent for the fiscal second quarter, which is in line with the year-ago quarter.
- Bloomberg•16 hours ago
U.S. Sanctions Are Driving Russian Billionaires Into Putin’s Arms
The Trump administration is helping Vladimir Putin achieve a goal that’s eluded him for almost two decades—getting Russia’s billionaires to start repatriating some of their assets. Relatively muted sanctions imposed during the Obama era over the conflict in Ukraine have only widened in scope and severity since Trump took office last year. The unpredictability of both the White House and Congress is forcing Russians to move money into state-run banks and rejig the offshore superstructure that’s sheltered fortunes here since communism’s collapse.
- MarketWatch•7 hours ago
Eventbrite IPO: 6 things to know about the ticketing company
Despite its controversies, Ticketmaster-parent Live Nation Entertainment Inc. has been a winning stock over the past few years. The very things that make the company controversial — high ticket fees and a stronghold on event venues — have helped the company deliver impressive results quarter after quarter. Eventbrite Inc. (EB) priced its initial public offering at $23, the high end of its $21 to $23 range, selling 10 million shares to raise $230 million.
- TheStreet.com•3 hours ago
Micron Stock: The Great Debate Continues
The S&P 500 is hitting intraday lows as I write and more market players are moving to the sidelines as they protect recent gains. Historically, Micron has been highly cyclical and when it looks the cheapest it is often at the top of the current cycle. The debate over whether Micron is a good value here is very intense (read Jim Cramer's view of Micron here), but the price action indicates that there are some substantial doubts.
- Zacks•5 hours ago
Should Value Investors Pick Novartis AG (NVS) Stock?
Value investing is easily one of the most popular ways to find great stocks in any market environment. One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short.
- CNBC•6 hours ago
UBS upgrades AT&T to buy: 'The stock is trading near all-time low valuations'
UBS raised its rating of AT&T to buy from neutral, citing "an overly negative outlook" and saying it expects a turnaround in operating performance. "Our work suggests the company will return to EBITDA growth ... given growth in Wireless & WarnerMedia and slower declines in Entertainment," UBS said.
Business Insider•5 hours ago'Cannabis euphoria' has caused a small drink-maker's stock to triple in less than a week (NBEV)
New Age Beverages' stock has tripled this week after announcing a CBD beverage amid a rally in pot stocks. The news came as rumours swirled around Coca-Cola's potential entry into the space. Weed stocks have been on fire, and the rally is bringing anyone that so much as mentions cannabis with it.
- Barrons.com•5 hours ago
Micron Slumps, AT&T Rises as Dow Targets Another New High
Stocks were heading higher, and September, which is supposed to be the worst month of the year, has instead seen the Dow Jones Industrial Average hit a new all-time high. Micron Technology was falling after releasing earnings, while AT&T was gaining after an upgrade. After hitting new highs yesterday, the S&P 500 and the Dow Jones Industrial Average look set to do it again.
