Year: 2019

T-Mobile US Chief Executive John Legere on Thursday acknowledged talks are ongoing with Sprint Corp to extend their merger agreement, but he declined to rule out requesting the $26 billion price be reduced. The T-Mobile-Sprint deal, announced in spring 2018, has won regulatory approval from the Justice Department and Federal Communications Commission but faces a lawsuit from more than a dozen state attorneys general seeking to stop the deal. Legere was speaking on a webcast to discuss next generation 5G wireless and other initiatives. …read more […]

The guru explains his views on why gold has no utility and is, therefore, no use to investors Continue reading… …read more […]

We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds’ top 3 stock picks returned 34.4% this year and beat the S&P […] …read more […]

While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the second quarter and hedging or reducing many of […] …read more […]

The Italian government is ready to fight ArcelorMittal in the courts if it goes back on a pledge to buy steelmaker Ilva, Prime Minister Giuseppe Conte said on Thursday. “It will be the legal battle of the century,” Conte told state television RAI. ArcelorMittal said this week it was withdrawing from a deal to buy Ilva, blaming its decision on a government move to scrap previous guarantees of legal immunity during a massive clean-up operation at Ilva’s huge Taranto plant. …read more […]

Humans have tried every method imaginable to predict the future, from reading tea leaves to performing complex data analysis.
These efforts are futile, but Nicholas Vardy shares two simple things you should actually do to build wealth and win the prediction game.

Humans are a funny lot.
In ancient times, the people of Mesopotamia predicted the future using haruspicy – the reading of animal entrails.
My grandmother scanned the astrology section of the newspaper every morning.
Today, investors try to predict markets by surveying the financial media.
The irony is this: No matter how carefully we try to divine the market’s future by reading our favorite …read more […]

The CAR-T wave has died down among biotech investors, but Takeda Pharmaceuticals could help reinvigorate the space with its venture into CAR-NK. Continue reading… …read more […]

The retailer, which sells decorated party goods such as balloons and costumes in the United States, said sales of Halloween party supplies in the third quarter, including October, fell 3.2% from a year earlier. “We are carefully analyzing our Halloween results and addressing the underlying issues and opportunities we have identified to improve the business going forward,” Chief Executive Officer James Harrison said in a statement. Halloween, which fell on Oct. 31 this year, is one of the busiest holidays for party supplies retailers, when customers shop for everything from decorations to costumes. …read more […]