Month: July 2020

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Wall Street analysts look past Netflix's weak subscriber forecast

July 17, 2020 admin Comments Off on Wall Street analysts look past Netflix's weak subscriber forecast

At least 10 brokerages raised their price targets on the company, saying demand for its streaming service was skewed toward the first half of the year as COVID-19 forced people around the world to stay at home. Netflix has added nearly 26 million subscribers in the first half alone, compared with 28 million it added for the whole of 2019. “We view the sub guide as conservative and believe the current dearth of viewing options, including lack of sports, positions Netflix as the go-to option,” Piper Sandler analysts said. …read more […]

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BigCommerce IPO: Ecommerce Platform Files to Go Public

July 17, 2020 admin Comments Off on BigCommerce IPO: Ecommerce Platform Files to Go Public

Investors knew a BigCommerce IPO would come. After rumors of a confidential filing, the company publicly announced its plans to go public. Now, the questions is when investors can expect BigCommerce stock to hit the market.
But is BigCommerce a good investment? Here’s what we know…
BigCommerce IPO: The Business

BigCommerce is a technology company founded in 2009. It provides software-as-a-service (SaaS). The platform allows the company’s customers to create and use online stores. BigCommerce focuses on ease-of-use, enterprise functionality and flexibility. At the company’s founding, it targeted small businesses. But as of June 1, 2020, BigCommerce serves close to …read more […]

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Apple to Gain a New Chinese iPhone Maker During a Trade War

July 17, 2020 admin Comments Off on Apple to Gain a New Chinese iPhone Maker During a Trade War

(Bloomberg) — Luxshare Precision Industry Co. is acquiring Wistron Corp.’s iPhone production business in China via a $472 million deal, potentially becoming the first mainland company to win a coveted role assembling Apple Inc.’s device during U.S. trade tensions.Taiwan-based Wistron, one of just three contract manufacturers that assemble Apple’s iPhones, said Friday it’s agreed to sell two subsidiaries in eastern China for 3.3 billion yuan to Luxshare. One of those units, based in the city of Kunshan, is Wistron’s sole iPhone manufacturing site, according to people familiar with the company’s business.The deal is a win for Luxshare, which produces accessories …read more […]

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Exclusive: EU in talks with Moderna, BioNtech, CureVac to secure possible COVID vaccines – sources

July 17, 2020 admin Comments Off on Exclusive: EU in talks with Moderna, BioNtech, CureVac to secure possible COVID vaccines – sources

The European Union is negotiating advance purchase deals of potential COVID-19 vaccines with drugmakers Moderna, Sanofi and Johnson & Johnson and biotech firms BioNtech and CureVac, two EU sources told Reuters. The talks follow a deal reached in June by four EU states with AstraZeneca for the upfront purchase of 400 million doses of its potential COVID-19 vaccine, in principle available to all 27 EU nations. …read more […]

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German Finance Minister Knew of Wirecard Issues a Year Before Collapse

July 17, 2020 admin Comments Off on German Finance Minister Knew of Wirecard Issues a Year Before Collapse

(Bloomberg) — German Finance Minister Olaf Scholz was aware of potential market manipulation at Wirecard AG in February 2019, almost a year and a half before the company collapsed.German financial watchdog BaFin informed Scholz about the case “because of the suspicion of a violation against the prohibition of market manipulation,” according to a report by the Finance Ministry seen by Bloomberg. The minister was told that BaFin would “investigate in all directions,” said the document, which was reported earlier by German media.Scholz has denied any direct involvement in the Wirecard scandal. His deputy, Joerg Kukies, confirmed on Wednesday that he …read more […]

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[Part 1] Living Rich: How to Live as Well as a Billionaire

July 17, 2020 admin Comments Off on [Part 1] Living Rich: How to Live as Well as a Billionaire

Founder’s Note: I’ve lived a good life. I’ve stayed in some of the swankiest hotels on the planet… ate at some of the best restaurants… and fished with some of the richest men on the planet. But when it comes to the topic of “living rich,” I yield to Mark. He’s taken the idea to the next level. He’s made teaching others how to do it his life’s mission. Over the next few issues, he’s going to share some of his best tips for leading a “rich guy” lifestyle without breaking the bank. This is going to be fun. – …read more […]

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Daimler Must Wish It Had Kept That Tesla Stake

July 17, 2020 admin Comments Off on Daimler Must Wish It Had Kept That Tesla Stake

(Bloomberg Opinion) — Tesla Inc.’s march to a $275 billion market capitalization has been pretty galling for Germany, the birthplace of the automobile. But the pain is felt most acutely at Daimler AG, which used to be a large Tesla shareholder.Had the owner of the luxury Mercedes-Benz brand kept hold of the almost 5 million shares it offloaded in 2014, they would now be worth about $7.3 billion by my calculation — a sum that’s equivalent to two-thirds of Daimler’s current net industrial cash position.(1)In the annals of ill-timed investment decisions, that stake sale doesn’t quite match the U.K.’s flogging …read more […]