The total number of global cryptocurrency transactions will surpass the $1 trillion mark in 2017, according to a new study by Juniper Research. To put the explosive growth in cryptocurrency in perspective, $1 trillion of transactions is roughly 15 times the total number of transactions registered in 2016.
This week, Pershing Square Capital’s Bill Ackman doubled down on his calls for change at Automatic Data Processing ADP 1.28%, outlining a number of things he believes the company could do to unlock shareholder value. In a new slideshow presentation, Ackman clarified his calls for improving operating efficiency in ADP’s employer services segment.
On Wednesday and Thursday, JinkoSolar Holding Co., Ltd. JKS 0.08% recovered all of its initial post-earnings losses, but Axiom analyst Gordon Johnson says Jinko and other solar vendors with exposure to the Chinese module market have plenty more pain on the horizon.
Things may soon be going from bad to worse for General Electric Company GE 0.48% investors. In a new note to clients on Thursday, JPMorgan reiterated its bearish take on GE stock and said weakness in the company’s financial performance in recent years isn’t necessarily cyclical. Instead, the firm thinks all the optimism about a GE short squeeze or a…
Chalk up a victory for the RH RH 0.8% bulls. One of the most heavily shorted stocks in the market, RH, reported better-than-expected second-quarter results Wednesday afternoon, sending shares soaring more than 30 percent in Thursday’s premarket session. The blowout quarter even got Wall Street’s attention.
Insurance and reinsurance stocks with large exposure to the South Florida property market are experiencing a bit of a relief rally on Wednesday after logging their worst day of the year to start the holiday-shortened week.
Cisco Systems, Inc. (NASDAQ: CSCO) shares have lagged the market in the past year, falling 0.4 percent overall as the company struggles to deliver the type of top- and bottom-line growth that investors are looking for. However, Deutsche Bank analyst Vijay Bhagavath says there’s much more to the Cisco growth story than revenue and earnings.
Bitcoin has been on fire in recent years, with the NYSE Bitcoin Index up another 360 percent year-to-date. However, the higher bitcoin prices soar, the more bitcoin bears become convinced the cryptocurrency enthusiasm has created a textbook market bubble.
Hurricane Harvey has dissipated, but one of the most popular hurricane stocks continued its bullish momentum on Tuesday.
United Technologies Corporation UTX 0.45% officially announced its long-rumored $30 billion buyout of Rockwell Collins, Inc. COL 0.07%. United will pay $93.33 in cash and $46.67 in United stock, a combined takeout price of $140 per share.