Benchmark Capital, one of Uber’s largest shareholders who has previously sued its former CEO Travis Kalanick, has declined to waive its right of first refusal over the upcoming tender offer. Less than a week after ride-hailing firm Uber Technologies Inc. cleared the way for a significant investment by SoftBank Group Corp. (SFTBY) , a potential […]
More HelloFresh SE , the unprofitable meal-kit startup owned by Rocket Internet SE, plans to sell as much as 300 million euros ($353 million) of stock in an initial public offering to finance expansion even after U.S. rival Blue Apron Holdings Inc. flopped in its IPO. HelloFresh will sell new shares to raise 250 million euros to […]
This could be the start of something big for Ford Motor Co. Shares charged more than 2% higher Tuesday, as investors absorbed strong September sales data, and prepared for the firm’s strategic update after the closing bell. New CEO Jim Hackett unveiled plans to shift its focus more towards SUVs and trucks – categories where the automaker […]
Tobacco companies seen compounded earnings growth of 7% a year over the past decade, per Morgan Stanley Investment Management data Getty Images Tobacco stocks have amassed a mixed record thus far in 2017, and the Food and Drug Administration’s July announcement that it would lower the nicotine levels in cigarettes to nonaddictive levels was seen as adding […]
Investors in Morgan Stanley MS need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 6, 2017 $39.50 Put had some of the highest implied volatility of all equity options today What is Implied Volatility? Implied volatility shows how much movement the market is expecting in […]
Amazon’s acquisition of Whole Foods Market, Inc. will provide a significant revenue bump for the company’s private labels, according to an analyst from SunTrust Humphrey Robinson. The acquisition, which occurred in August this year, is expected to add $700 million in sales to Amazon’s private labels, stated analyst Youssef Squali in a note. When Amazon’s acquisition of Whole Foods was announced, Squali […]
Warren Buffett said Berkshire Hathaway (BRKB) would hold Bank of America (BAC) stock for a “long, long, long time,” citing CEO Brian Moynihan’s attempts to turn the bank around. “Bank of America’s done a sensational job under Brian Moynihan,” Berkshire CEO Buffett told CNBC. “Brian had all kinds of problems when he came in. I mean, they were not of […]
The Boeing Company (BA) has ascended to the top of the Dow Industrial performance list, rocketing higher after breaking out above three-year resistance in January 2017. The stock has gained more than 50% since that time while grinding out an impressive series of all-time highs. The company’s aerospace domination has underpinned this historic advance, as well as a military landscape that should […]
(Ethereum is plunging.MI) Ethereum is plunging on Thursday afternoon, trading down over 17% to $228 per token, following reports that Chinese regulators are taking steps to shut down the country’s bitcoin exchanges and possibly ban all trading of digital coins. BTC China, the second largest Chinese bitcoin exchange, tweeted Thursday that it would stop trading of bitcoin on September 30. “After […]
Oclaro, Inc. OCLR was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the […]
The investment vehicle has come out in support of the activist investor, as both sides dig in for a boardroom battle set for Oct. 10 Yacktman Asset Management, a 25-year-old investment firm with $15 billion in assets, on Thursday, urged Procter & Gamble (PG – Get Report) to include activist investor Nelson Peltz on the packaged goods […]
Alibaba Holdings Group (BABA) Founder and Executive Chairman Jack Ma is planning to sell 9% of his position in the company over the next 12 months, as reported in a U.S. Securities and Exchange Commission filing on Wednesday. The performance of Alibaba this year has been nothing short of stunning. The stock is up 100% […]
