Month: January 2020
Uber stops upfront ride pricing in response to California worker law
Uber Technologies Inc on Wednesday informed its California customers that it would switch to providing estimates as opposed to fixed prices for its rides in response to a new law that makes it harder to qualify its drivers as contractors.
Tesla’s market value zooms past that of GM and Ford – combined
For the first time, Tesla Inc’s stock market value has eclipsed the combined values of General Motors Co and Ford Motor Co .
Walmart opened 134 stores in Mexico in 2019, biggest expansion in six years
Walmart last year launched its biggest expansion in Mexico since 2013, opening 134 new stores in its top foreign market and boosting its presence by nearly 5%, the retailer said Wednesday.
Among Top 5 Pharma Companies, Pfizer Was the Worst Performer in 2019
Other members of the top tier rewarded shareholders with solid gains, led by Roche Continue reading… …read more […]
Experts 'surprised' after Iranian authorities quickly attribute Boeing crash to engine failure
Experts are puzzled by a quick declaration that a Boeing plane crash was caused by an engine failure. …read more […]
Wall Street rises but ends well off day’s highs amid renewed Middle East jitters
U.S. stocks ended higher on Wednesday, but the day’s uneven path showed investors’ sensitivity to any signs of turmoil in the Middle East, with stocks rising on comments by President Donald Trump and paring gains on reports of blasts in Baghdad.
How Did AerCap Holdings N.V. (AER) Compare Against Top Hedge Fund Stocks in 2019?
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […] …read more […]
Hedge Fund Darlings vs. CenturyLink, Inc. (CTL) In 2019
Hedge funds are known to underperform the bull markets but that’s not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […] …read more […]
How Did BlackBerry Limited (BB) Perform In Comparison to Hedge Fund Favorites in 2019?
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds’ top 3 stock picks returned 45.7% last year and beat the S&P 500 […] …read more […]
Callon Petroleum Company (CPE) vs. Hedge Fund Favorites in 2019
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before 2018’s Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […] …read more […]
Two Republicans Rip Administration Over Briefing: Iran Update
(Bloomberg) — Iran on Wednesday fired missiles at airbases jointly used by the U.S. and Iraq in retaliation for the killing of General Qassem Soleimani, roiling financial markets and disrupting air traffic but causing no casualties. Trump, promised additional sanctions on Iran, but said Tehran appears to be refraining from additional attacks.With no Americans killed, expectations of an immediate escalation in the oil-exporting region appeared to recede. Though retribution had been expected for the deadly drone strike, Iraq said it had received verbal notice from the Iranians prior to the strikes. A U.S. official said the Iranians were likely aiming …read more […]
Bed Bath & Beyond Plunges After Withdrawing Its Forecast
(Bloomberg) — Bed Bath & Beyond Inc. fell as much as 25% in late trading Wednesday after withdrawing its financial guidance following another quarter of declining sales. New Chief Executive Officer Mark Tritton said that the “unsatisfactory” performance “underscores the imperative for change.”Same-store sales, a key measure for retailers, fell 8.3% in the company’s third quarter, the 11th consecutive decline. That was a deeper slide than the 4.9% drop seen by analysts, according to Consensus Metrix.Key InsightsThe company withdrew its full-year outlook, saying only that profit and sales will remain under pressure in the current quarter. The company has struggled …read more […]
