Business News
Asian stocks hit one-year low amid Turkey woes, bearish China equities
Asian stocks retreated to a one-year low on Wednesday as bearish Chinese markets worsened investor sentiment already hurt by Turkey’s financial crisis.
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Business News
Express Scripts staking out million dollar gene therapies
Express Scripts Holding Co built a multi-billion enterprise pressuring drug companies to lower their prices for U.S. patients. Now it is quietly building a side business: getting paid to help drug companies dispense a new generation of high-priced drugs.
Business News
Walmart teams up with Ellen DeGeneres to launch fashion line
Walmart Inc said on Wednesday that it would tie up with comedian and talk show host Ellen DeGeneres to launch a women’s fashion line, its latest attempt to make deeper inroads into the apparel space and gain market share in the category.
Trading Ideas
India Is Flirting With China-Like Tech Policies and That’s Not Good News for FANG Stocks
The Wall Street Journal recently reported that India is drafting new China-like policies in the technology space that have the ultimate goal of leveling the playing field between U.S. tech giants and India’s home-grown technology businesses. Between Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Google (NASDAQ:GOOG), none of them have a significant presence in China, the world’s largest consumer market, because of protectionist policies. As a result, each of them has been been making a big push in India, the world’s second-largest consumer market. …read more […]
Business News
Asian stocks retreat as Turkey worries weigh, dollar buoyant
Asian stocks retreated on Wednesday, failing to follow Wall Street’s gains, while the dollar was near a 13-month high as concerns about Turkey’s financial crisis weighed on investor appetite despite the lira’s move away from an all-time low.
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Apple Has Made a Mistake by Ignoring This Big Market
Cupertino has ground to make up in the world’s third-largest smartphone market. …read more […]
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Y Combinator to Set Up China Arm With Ex-Baidu Exec Qi Lu as CEO
Former Baidu Inc. Chief Operating Officer Qi Lu has been named chief executive officer of Y Combinator China, marking the American startup incubator’s first fully-fledged international effort. Y Combinator, which has seeded companies including Airbnb Inc., Stripe Inc., Reddit and Dropbox Inc., will start its program in China as soon as next summer, according to an interview with the president of Y Combinator, Sam Altman. In the U.S., the accelerator selects two batches of companies a year that receive financing, advice and connections in exchange for a small percentage of equity. …read more […]
Business News
Asian stocks weaken as Turkey worries weigh, dollar stands tall
Asian stocks sagged on Wednesday, failing to track Wall Street’s gains and with the dollar near a 13-month high as concerns about Turkey’s financial crisis weighed on investor appetite, despite the lira’s move away from an all-time low.
Business News
China says U.S. solar tariffs violate trade rules, lodges WTO complaint
A U.S. decision to subsidize its renewable energy companies and impose tariffs on imported products has seriously distorted the global market and harmed China’s interests, China’s Ministry of Commerce said late on Tuesday.
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Cisco Earnings Preview: 3 Quarters of Growth
The networking hardware provider’s Catalyst 9000 switches and its security business will help drive revenue higher in the fourth quarter. …read more […]
Business News
Goldman shareholders can again pursue class action over CDOs
A federal judge on Tuesday said Goldman Sachs Group Inc shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis.
Business News
Soros Fund Management adds popular tech names, BlackRock in second-quarter
Soros Fund Management LLC added Facebook Inc , Apple Inc and Twitter Inc , but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter through June, according to a regulatory filing on Tuesday.
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Raytheon Laser 1, Drone 0
Recent tests show lasers are a viable weapon for defense against drones — but are they a viable revenue stream for Raytheon? …read more […]
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Jim Cramer on Tesla skeptics
CNBC’s Jim Cramer gives his take on investors betting against Tesla and Elon Musk. …read more […]
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Warren Buffett’s firm adds to Apple, Teva investments
Berkshire Hathaway Inc. filed an update on its U.S. stock portfolio with the Securities and Exchange Commission on Tuesday. Berkshire held nearly 252 million Apple shares at the end of June, up from 239.57 million in March. Berkshire had said Monday that it reduced some of its investments in airline and banking companies, such as American Airlines and U.S. Bancorp, because it seeks to own no more than 10 percent of any firm and those companies have been repurchasing stock. …read more […]