Activision Blizzard reported results for Q3 that exceeded expectations, but the stock fell 8 percent because of Q4 concerns.Read More
A spate of corporate earnings lifted U.S. stocks, helping major indexes trim some of their October declines following a bruising period for global investors.
Investors betting against JD.com made $153 million after the company’s CEO was accused of sexual misconduct (JD)
REUTERS/Aly Song JD.com plunged after its CEO was detained in the US over a sexual-misconduct allegation. Short sellers made $ 153 million in profits from the stock decline, which saw shares fall 14% last week. Watch JD.com trade in real-time here. JD.com short sellers — or investors betting on the company’s stock to fall — made millions […]
GUEST: On the heels of a Supreme Court decision that will allow states beyond Nevada to legalize sports gambling, the much-publicized FanDuel merger officially closed to the tune of a $ 465 million exit for the daily fantasy sports site. Sounds great, doesn’t it? Hundreds of millions of dollars and an untapped market primed for […]
‘The Big Trip’ part one: Why some investors and medical researchers are looking past pot to psychedelic drugs
As cannabis legalization approaches, a renaissance in psychedelic drug research is also underway — and scientists and investors alike are serious about the drugs’ potential.
Argentina launched a sweeping new austerity program to try to solve its economic crisis — but investors aren’t buying it
Marcos Brindicci/Reuters Argentina reveals new austerity measures aimed at reducing the country’s huge budget deficit. New measures will include an increase in export tariffs for grains such as soybeans, and a halving of the number of government agencies. The new measures were not well received by investors, with the peso falling after their announcement. Argentina […]
CONTINGENT fees, in which clients pay lawyers only if a case is won, have long been a feature of America’s legal system. Many other countries used to bar them, wary of importing America’s ambulance-chasing culture. But a belated acceptance of their benefits means they are now widely allowed. “No-win, no-fee” arrangements help shift risks from […]
Back when MoviePass first announced its $ 10-a-month subscription for one movie a day, AMC said the scheme was like “turning lead into gold.” Since no alchemist stepped forward to do that for MoviePass, the movie ticketing service’s parent company, Helios and Matheson Analytics, has posted a massive operating loss that reached $ 126.6 million […]
Quinn Rooney/Getty Images There’s a level of “frustration” among professional investors, who think investment bank Lazard is undervalued. An anonymous survey of more than 50 investment funds found many thought the bank should consider a shift in strategy. Recommendations included more share buybacks and a potential split of its two main operating divisions. Boutique investment […]
Facebook chairman and CEO Mark Zuckerberg is having a very bad day. On Thursday, he lost $ 17 billion of his fortune, Facebook shares dipped almost 20 percent, and now, some shareholders want his influence on the company reduced. Read more The money the Facebook CEO lost is only one-fifth of his net worth, which […]