PRESS DIGEST- Financial Times - Oct 24

Reuters

Tue, Oct 23, 2018, 8:30 PM

In this article:

Oct 24 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

MoviePass to be spun off as parent seeks to release value https://on.ft.com/2EIHv0R

Amex says DoJ, regulators probing cross-border payments business https://on.ft.com/2EPD04G

Lyft buys UK start-up Blue Vision on road to robo taxis https://on.ft.com/2ET75QT

Overview

Helios and Matheson Analytics said it will spin off its movie theatre subscription service MoviePass into a separate listed company.

The U.S. Department of Justice and other government authorities are investigating American Express' cross-border payments business, the company said.

U.S. ride-hailing company, Lyft has bought UK technology start-up Blue Vision Labs to boost its efforts in developing self-driving vehicles. (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

The Headache at the End of the Costco Gold Rush
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
The Wall Street Journal•6h ago
Why Super Micro Computer Stock Just Crashed 17%
Super Micro Computer just spooked its investors with a suggestion that it will earn exactly what it promised to earn three months ago.
Motley Fool•1h ago
Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Business Insider•17h ago
Super Micro Stock Plunges 18% On Lack Of Preliminary Results. It's A Big Sell Signal.
Super Micro stock fell hard after the data-center computer specialist didn't announce preliminary results for its fiscal Q3.
Investor's Business Daily•1h ago
Super Micro Leads Tech Selloff as AI Winners Slump Sharply
(Bloomberg) -- Super Micro Computer Inc. shares are seeing their biggest drop in about two months on Friday, leading a sharp decline among technology stocks with exposure to artificial intelligence.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThe make
Bloomberg•40m ago
Super Micro Stock Dives as It Skips Preannouncement for Earnings
In seven of the past eight quarters, the company disclosed preliminary results ahead of its earnings report, generally raising its guidance.
Barrons.com•2h ago
Prediction: This Artificial Intelligence (AI) Stock Could Be Worth More Than Microsoft 5 Years From Now
Microsoft has been one of the pioneers in the field of AI, but this tech giant is also set to win big time from the growing adoption of this technology.
Motley Fool•5h ago
40% of Workers Forced Into Early Retirement: How to Stay Ahead of the Curve
How would you handle early retirement? Instead of having years of investment and growth left, what if you had to start living on your retirement accounts tomorrow? More importantly, what if you had no choice in the matter? A financial advisor can help you prepare for life’s curveballs, including forced retirement. Find a fiduciary advisor […] The post Study Says 40% of Workers Forced Into Early Retirement: Here’s How to Stay Ahead of the Curve appeared first on SmartReads by SmartAsset.
SmartAsset•2h ago
Jamie Dimon Knew Subprime 'Could Go Up In Smoke'; Now He's Worried About An Artificial Economy 'Fueled by Government Deficit Spending'
In the chaos of the 2008 recession, perhaps no bank stood more prepared than Jamie Dimon's J.P Morgan Chase & Co. (NYSE:JPM). In advance of the crisis, Jamie Dimon realized that "underwriting standards were deteriorating across the industry," with late payments on subprime loans rising. In late 2006, the bank led his firm to exit Wall Street's hot subprime business, starting with a frantic call made to J.P. Morgan's vacationing Chief of Securitized Products where he said, "I really want you to w
Benzinga•1d ago
Trump media shares gain as it alerts Nasdaq of 'potential market manipulation'
Trump Media & Technology Group has alerted the CEO of Nasdaq of "potential market manipulation" in its shares, it disclosed in a filing with the Securities and Exchange Commission. "Data made available to us indicate that just four market participants have been responsible for over 60% of the extraordinary volume of DJT shares traded: Citadel Securities, Virtu Americas, G1 Execution Services and Jane Street Capital."
Reuters•58m ago

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PRESS DIGEST- Financial Times - Oct 24

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