Investing

Zuckerberg’s testimony “raised investor concerns about the potential for government regulation of the use of consumer data,” he wrote. “The Zuckerberg hearing revealed to many government officials the scale of personal data that FB users had agreed to allow the firm to gather, raising regulatory risks. “ In addition to the regulatory challenges, Facebook and
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Check out the companies making headlines before the bell: Bank of America – The bank reported quarterly profit of 62 cents per share, 3 cents a share above estimates, with revenue also above forecasts. The bank’s results were helped by improved loan growth and deposits, among other factors. WPP Group – WPP founder and Chief
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One Wall Street analyst expects the report will impact the airline’s financial results this year. “We found little in the way of incrementally negative data points concerning Allegiant’s operational challenges over the past few years on last night’s 60 Minutes,” Stifel analyst Joseph DeNardi wrote in a note to clients Monday. “The bottom line is
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J.P. Morgan Chase‘s “remarkable” earnings beat shows the U.S. economy is “on fire,” CNBC’s Jim Cramer said Friday. “It was a fantastic quarter” for J.P. Morgan, Cramer said on “Squawk on the Street.” “We never thought these numbers could happen.” J.P. Morgan on Friday reported first-quarter earnings of $2.37 per share, 9 cents above the
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Check out the companies making headlines before the bell: J.P. Morgan Chase – The bank reported quarterly profit of $2.37 per share, beating the consensus estimate of $2.28. Revenue also beat forecasts, and CEO Jamie Dimon said J.P. Morgan’s business were doing well “across the board”. Qualcomm – Former chairman Paul Jacobs is talking to
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Craft coffee competition and questionable customer loyalty are likely to hamper Starbucks sales over the next two years, according to one Wall Street analyst. “We find competitive growth critical to monitor, as we believe this is largely responsible for Starbucks’ deteriorating beverage same-store sales,” wrote Cowen analyst Andrew Charles, who downgraded the coffee company to
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Both benchmarks were on track to post their biggest weekly gain in more than eight months on Friday, shortly after President Donald Trump‘s comments about potential missile strikes and reports of dwindling global oil stocks. Brent crude was trading at $72.26 during lunchtime deals on Friday, up around 0.3 percent, while WTI traded at $67.35,
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Music teacher Chris Pomrink was driving between two lessons outside Philadelphia, when a friend called with some distressing news: “Hey Chris, XIV is in trouble.” Pomrink, 30, checked his trading account. It was February 2 and XIV — an arcane, fiendishly complex financial security that he had sunk $2,500 into earlier that week — had
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More investors are betting against electric-car maker Tesla than any other U.S. stock, new data show. The dollar amount of shares shorted on Tesla increased 28 percent in the last month to $10.7 billion, according to S3 Partners. The percentage of Tesla’s available stock currently sold short exceeds 25 percent, according to FactSet. “Tesla, which
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Disney’s latest new superhero movie franchise is performing better than a top Wall Street firm ever imagined. J.P. Morgan raised its fiscal second-quarter earnings-per-share estimate for Disney shares to $1.68 from $1.57. The increase is “primarily due to the much stronger-than-expected performance of Black Panther,” analyst Alexia Quadrani wrote in a note to clients Wednesday.
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The total number of high profile investors and venture capital funds continues to increase in 2018 – a trend Space Angels traces back to 2009. Andreeseen Horowitz and Accel Partners are the latest Silicon Valley funds to back space ventures, with the former investing in satellite start-up Astranis and the latter funding World View. Jeff
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