Month: November 2020

Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is… …read more […]

The company said its domestic streaming services, CBS All Access and Showtime, had 17.9 million subscribers at the end of the third quarter. CBS All Access, which benefited from strong demand for sports content, and Showtime OTT, with shows like “The Chi” and “Billons”, had significant growth in sign-ups both sequentially and year-over-year, the company said. ViacomCBS competes in an increasingly crowded U.S. video streaming market with dominant players like Netflix, which has over 195 million paid subscribers globally, and Walt Disney Co’s streaming services, including Disney+, Hulu and ESPN+, which has over 100 million global customers, as …read more […]

A good while ago I read an article in the Harvard Business Review titled “When to Trust Your Gut.”
This is a subject I’ve spent some time thinking about. And my feeling has always been that experience-based gut instincts are at least as valuable if not more valuable than MBA-based analysis from the likes of Harvard, Wharton or Yale.
I was surprised to see that this article supported my view.
The author, Alden M. Hayashi (who was senior editor of the Review when the article was published), says quite correctly that, in making good business and wealth-building decisions, it makes sense to rely …read more […]

Top news and what to watch in the markets on Friday, November 6, 2020. …read more […]

As you might know, Cytosorbents Corporation (NASDAQ:CTSO) just kicked off its latest quarterly results with some very… …read more […]

(Bloomberg) — Gold headed for its biggest weekly gain since July and copper climbed as Joe Biden tightened his grip on the race for the White House, while investors also weighed prospects for further Federal Reserve stimulus.Bullion broke out of a narrow trading range seen over the past month as uncertainty over the election and renewed stimulus hopes boosted demand for the haven. Biden, who needs a win in one more state to be elected president, edged ahead of Donald Trump in Georgia and also expanded his lead in Nevada.Trump meanwhile said the election was being stolen from him, though …read more […]

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. has some new tactics to show off.The billionaire’s conglomerate spent the third quarter plowing funds into international businesses and an initial public offering, atypical pursuits for a company that spent the start of the year watching from the sidelines as the Covid-19 pandemic spread.On Saturday, investors get to see how much of an impact that capital deployment had when Berkshire reports third-quarter results. It already helped propel gains for the stock that were twice as high as the S&P 500’s advance during the period.After sounding a warning in May about fallout from the …read more […]

Pictures revealed a sleek, lightning bolt-designed bottle, a lot different than what Musk imagined when he touted the Tequila. Mexico’s Tequila Regulatory Council had at the time argued the “name ‘Teslaquila’ evokes the word Tequila … (and) Tequila is a protected word.” …read more […]

(Bloomberg Opinion) — A takeover offer that would have been so-so in February becomes impossible to refuse for a company whose shares have been hit by the pandemic. The 7.2 billion-pound ($9.5 billion) approach for RSA Insurance Group has been shrewdly pitched by the Canadian-Danish consortium trying to buy the FTSE-100 insurer.RSA has been led by Stephen Hester since 2014. This particular chief executive role always seemed a little low profile for the former Credit Suisse Group AG investment banker, who previously took charge of Natwest Group Plc (then Royal Bank of Scotland) during the financial crisis. Few will be …read more […]

The outcome of the election remained undecided, but Democrat Joe Biden was moving closer to securing the 270 votes in the state-by-state Electoral College that determines the winner. Meanwhile, President Donald Trump launched an extraordinary assault on the country’s democratic process from the White House on Thursday, falsely claiming the election was being “stolen” from him. Matt Sherwood, head of investment strategy at Perpetual in Sydney, said markets had already moved to price in a Biden presidency and a divided Congress. …read more […]

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Shares of Cloudflare Inc. jumped 10.8% in extended trading after the cybersecurity company reported robust 3Q results and forecast 4Q sales and earnings above consensus estimates.The company’s 3Q revenue of $114.2 million came ahead of the Street estimate of 103.2 million and soared 54% from the year-ago quarter. Cloudfare posted 3Q losses of $0.02 per share, better than analysts’ loss estimates of $0.05. Moreover, it compared favorably to the year-ago period’s loss of $0.16.Cloudflare’s (NET) CEO Matthew Prince said “Our third quarter represented many significant milestones including surpassing $100M in revenue, crossing 100,000 paying customers, and releasing more than a …read more […]

Alibaba Group Holding Limited (NYSE: BABA)-backed Ant Group’s initial public offering and dual listing in Hong Kong and Shanghai could be delayed by at least six months, the Financial Times reported Thursday.What Happened: On Tuesday, the listing, which would have raised $37 billion, was suspended by the Shanghai Stock Exchange after Chinese regulators announced draft regulations that could force Ant Group to rework its business model. A person familiar with the matter described “these new regulation changes” to FT as a key factor for Ant.Lawyers associated with the listing reportedly said that the Jack Ma-co-founded fintech firm would have to …read more […]

(Bloomberg) — U.S. stock index futures slipped as investors monitored a tight race to determine who will be the next American president.December contracts on the S&P 500 fell 0.6% at 1:25 p.m. in Tokyo. Futures declined 0.4% on the Dow Jones Industrial Average and slid 1% on the Nasdaq 100 Index. Democrat Joe Biden strengthened his hold on the race for the White House, steadily chipping away at Donald Trump’s early lead in a pair of crucial swing states. Trump questioned the credibility of the election.“We had President Donald Trump speaking this morning, bringing back some reminders of the political …read more […]

(Bloomberg) — A global equity rally showed signs of stalling on Friday, with Nasdaq futures unwinding some of this week’s surge amid the ongoing U.S. election count. The dollar edged up from its lowest in more than two years.U.S. and European stock futures retreated, while a gauge of Asia-Pacific shares edged higher. The S&P 500 climbed almost 2% Thursday and is headed for its best week since April. The tech-heavy Nasdaq 100 is up over 9% this week.Gold and crude oil declined and Treasuries were little changed. The yen steadied after rising past the closely watched 104 per dollar level. …read more […]