Investing

Broadcom CEO Hock Tan is paying the price for misjudging President Donald Trump‘s resolve to “bring the Chinese to their knees,” CNBC’s Jim Cramer said Friday. Trump feels he has to “sacrifice Broadcom on the alter of Huawei” to humble China in trade negotiations, Cramer argued. Last year, Broadcom received about $900 million in revenue
0 Comments
Actor/producer Brad Pitt accepts the PGA Visionary Award during the 26th Annual Producers Guild Of America Awards last January in Los Angeles. Getty Images Hollywood star Brad Pitt, Steve Job’s widow Laurene Powell Jobs and UK-based stock-picker Neil Woodford are all reportedly investing in a little known “cold fusion company,” the Financial Times said on
0 Comments
Semiconductor stocks are going to fall as chipmakers start to cut their earnings forecasts for the second half of the year, AlphaOne Capital Partners’ Dan Niles said on Thursday.  Niles started shorting semiconductor stocks this week and sold out of all is long semiconductor positions, in which he previously owned Qualcomm and Lumentum Holdings, he told CNBC’s
0 Comments
Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor and Oaktree Capital Management Co-Chairman Howard Marks is worried to hear investors say “this time it’s different” or openly wonder if the historic bull market and economic success “can only get better forever.”  In a 12-page letter sent to Oaktree clients on Wednesday,
0 Comments
David Gurle, CEO, Symphony Source: Symphony Symphony, a messaging platform for Wall Street firms, has been valued at $1.4 billion, according to people with knowledge of the company. The start-up will soon announce that it raised $165 million from investors to fuel its global expansion, according to the people. Symphony’s latest valuation is a relatively
0 Comments
Mary Meeker presents her annual Internet Trends Report at Code 2018. Asa Mathat | Vox Media The most highly anticipated report of the year for tech investors has arrived. Mary Meeker, a widely followed technology backer and general partner at the venture firm Bond Capital, published her 333-slide “Future of the Internet” report Tuesday ahead
0 Comments
A package of Beyond Meat beef crumbles is displayed for a photograph in Tiskilwa, Illinois, April 23, 2019. Daniel Acker | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Tuesday: J.P. Morgan downgraded Beyond Meat to ‘neutral’ from ‘overweight’ J.P. Morgan said Beyond Meat’s above-the-Street estimates now appear to be
0 Comments
May’s overall job growth disappointed, but there were pockets of strength with strong hiring in the health care, computer and digital design and food service industries. The Labor Department’s Friday report on the employment situation also showed a decline in retail positions while manufacturing continued to added to a string of lackluster prints. CNBC studied
0 Comments
Stanley Druckenmiller Anjali Sundaram This is a developing story. Check back for updates. Longtime hedge fund manager Stanley Druckenmiller says stocks would plummet if Senator Bernie Sanders were elected president in the 2020 election. “If Bernie Sanders became president, I think stock prices should be 30% to 40% lower than they are now,” he said
0 Comments
The SEC this week voted to approve a financial investment reform package. Known as “Regulation Best Interest” or “Reg BI,” the package is intended to strengthen protections for investors by requiring financial advisors and in particular broker-dealers to disclose conflicts of interest. Does it provide more protection for investors than previous rules? It depends on
0 Comments
Lisa Su, CEO, AMD Scott Mlyn | CNBC Semiconductor company Advanced Micro Devices keeps delivering “positive proof points,” according to Morgan Stanley. After being negative on the stock, Morgan Stanley upgraded AMD to equal-weight from underweight and raised the price target to $28 from $17. The bank said AMD has consistently performed well among its
0 Comments