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Another overvalued money-losing unicorn in a lo-tech ho-hum business wobbled out the IPO window and crashed. By Wolf Richter for WOLF STREET. Casper Sleep Inc., a money-losing cash-burning retailer of foam-mattresses, duvets, sheets, … Read more
Amazon’s Ring smart doorbell surveillance product has been caught sending user data to Facebook and other companies without making Ring users aware their data was being shared. That’s according to an … Read more
by Tom McClellan Note: This article previously appeared in the Jan. 14, 2020 issue of our Daily Edition. The charts are updated through Jan. 16’s data. This week’s chart shows an interesting … Read more
www.cnbc.com/2020/01/14/as-tesla-shares-rise-elon-musk-stands-to-reap-a-346-million-payout.html Tesla will hit a market cap of $100 billion when the stock price hits $554.81. If it stays there, and Tesla meets other revenue or EBITDA goals, CEO Elon … Read more
www.cnbc.com/2020/01/08/bed-bath-beyond-bbby-earnings-q3-2019.html Bed Bath & Beyond withdrew its fiscal 2019 outlook and said that it would reveal its strategic plans in early 2020. Its third-quarter earnings and revenue fell short of … Read more
According to BofA, $SPY has traded <100M shares for 42 days, the longest streak since 2007 – indicating reduced liquidity into year-end. I ran this chart – importantly, this low … Read more
By Simon Watkins This week will see the onset of full trading activity in the shares of Saudi Arabia’s flagship oil company, Aramco. Through a combination of wooing local retail … Read more
Shares of Deere dropped on Wednesday after the manufacturing company issued lower guidance as trade tensions continue to slow equipment purchases by farmers. The Moline, Illinois-based company said it now expects net income … Read more
Dollar Tree just signaled for a disappointing holiday earnings quarter thanks to U.S.-China trade war tariffs, sending its shares cratering on Tuesday. The discount retailer said the tariffs slapped on Chinese … Read more
By Irina Slav Malaysia’s state oil company Petronas, which Aramco was courting as a large investor in its upcoming initial public offering, has decided against the investment. “Petronas would like … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter We’ll also look at its garbage pile at the bottom. These folks don’t even pretend to be stock pickers. They buy and let it stick till … Read more
By Jared Dillian Charles Schwab wants to offer investors the ability to trade fractional shares of stock. You know, in case you don’t have enough money for one share of … Read more
www.cnbc.com/2019/11/04/under-armour-uaa-earnings-q3-2019.html Earnings per share: 23 cents vs. 18 cents expected *Revenue: $1.43 billion vs. $1.41 billion expected
www.cnbc.com/2019/11/01/goldman-sachs-says-antitrust-concerns-will-pressure-facebook-google.html Goldman Sachs downgrades the communications services sector to a neutral rating based on regulatory pressure and expected lackluster performance. “Antitrust lawsuits typically take years to resolve but ultimately result … Read more
www.wsj.com/articles/pg-e-shares-tumble-as-wildfire-complicates-bankruptcy-case-11572013663?mod=hp_lead_pos1 PG&E Corp. PCG -25.07% stock and bond prices tumbled on Friday, as Wall Street wagered that the damage from the Kincade Wildfire will likely complicate the utility firm’s attempts … Read more
A 2016 instant message exchange was had between Mark Forkner and Patrik Gustavsson, two of Boeing’s chief technical pilots at the time They discussed the new automated system on the … Read more