Wall Street has been obsessed with bitcoin in 2017, with investors and experts as polarized as ever on whether bitcoin is the future of global currency or simply the latest financial market bubble.
Costco Wholesale Corporation (Nasdaq: COST) investors aren’t sweating grocery competition from Amazon.com (AMZN). On Thursday, Costco reported double-digit revenue growth and an impressive jump in online sales in its fiscal first quarter.
As expected, the U.S. Federal Communications Commission voted to repeal the net neutrality rules implemented under the Obama administration to prevent internet service providers from limiting customer access to websites and manipulating service speeds. Without the net neutrality regulations in place, companies like Netflix, Inc. (Nasdaq: NFLX) could be forced to pay premium fees to ISPs for…
Famed Tesla Inc (Nasdaq: TSLA) short-seller and founder of Kynikos Associates Jim Chanos is doubling down on his prediction that Tesla stock is a ticking time bomb. In a new interview this week with Bloomberg, Chanos said Tesla will be the “poster child” of the next bear market for U.S. stocks.
Teva Pharmaceutical Industries Ltd (ADR) (TEVA) stock jumped more than 15 percent Thursday after the company announced it will be laying off 14,000 employees and suspending its dividend as part of a restructuring and cost-cutting initiative.
After a bumpy road for most of 2017, Nike Inc (NYSE: NKE) stock has come on strong with a 20 percent gain the past three months. As Nike prepares to report its fiscal second-quarter earnings Dec. 21, Argus analyst John Staszak says the company is well-positioned to continue its bullish momentum.
Alibaba Group Holding Ltd (NYSE: BABA) has been a major retail disruptor in China thanks to its creative approach and willingness to embrace technology. This week, the company provided investors with updates on the innovative ways Alibaba is planning to disrupt the Chinese auto market as well.
After weeks of market rumors, Walt Disney Co (NYSE: DIS) announced Thursday it is making a deal with Twenty-First Century Fox Inc (FOXA) to acquire the majority of Fox’s movie studio and cable TV assets.
In 2017, Wal-Mart Stores Inc (NYSE: WMT) has proven that there’s plenty of room for two e-commerce giants to thrive in the U.S. market. According to Stifel analyst Scott Devitt, there’s no need for U.S. investors to pick between Alibaba Group Holding Ltd (BABA) and JD.com Inc (JD) in China.
The Senate is reportedly working on a draft of a house financing reform bill that could have huge implications for Fannie Mae and Freddie Mac. Since 2012, all of Fannie and Freddie’s profits have been turned over to the government under the terms of their bailouts during the financial crisis.
Mattel, Inc. (Nasdaq: MAT) stock tumbled more than 4 percent on Tuesday as investors continue to digest the company’s recent guidance cut and subsequent credit downgrades from three major credit agencies. The credit downgrades dig Mattel’s hole a little bit deeper as it looks to implement an aggressive turnaround plan in coming years.