Finance

Capital One acquired a four-year old online-shopping startup in its latest effort to offer tech services that engender loyalty to the bank’s credit cards. The bank purchased Wikibuy on Nov. 17 for an undisclosed amount, according to executives from Capital One and the Austin, Texas-based startup. Two million members use Wikibuy to automatically find low
0 Comments
U.S. companies aren’t leaving China in a big way yet, despite escalating trade tensions between the two economic powerhouses, analysts said. “A lot of companies are talking about making changes, but (are) not actively making changes,” said Chris Rogers, research analyst at Panjiva, a supply chain data company that’s part of S&P Global Market Intelligence.
0 Comments
Comcast Ventures had seen enough. Years of researching business models, seeing their own portfolio’s performance and watching digital media startups struggle had made an impression. For 2018, the venture capital firm made a decision: it would no longer put money behind advertising-driven media companies no longer made sense. “Starting an ad-supported business is really, really
0 Comments
Wall Street’s best-known cryptocurrency bull just cut his bitcoin price target nearly in half. Tom Lee, co-founder of Fundstrat Global Advisors, lowered his year-end target to $15,000 from $25,000 — still well above where the cryptocurrency was trading on Friday. A key driver was bitcoin’s “break-even” point, the level at which mining costs match the
0 Comments
The Securities and Exchange Commission announced its first civil penalties on Friday against crypto founders who failed to register new coin offerings, part of a bigger regulatory and legal crackdown aimed at abuses and outright fraud in the growing digital currency industry. The SEC said it settled separate cases with start-ups companies Airfox and Paragon,
0 Comments
Check out the companies making headlines after the bell: Nvidia shares plummeted as much as 16 percent during after-hours trading Thursday after the company missed on revenue. The chipmaker reported $3.18 billion in revenue versus $3.24 billion as expected by analysts in the third quarter. Nvidia’s fourth-quarter revenue guidance also fell short of expectations, at
0 Comments
Then-Goldman Sachs CEO Lloyd Blankfein attended a 2009 meeting with the Malaysian financier later accused of plundering billions of dollars from his country’s investment fund, according to a person with knowledge of the situation. Blankfein, who retired as CEO last month, is the unidentified Goldman executive who attended the 2009 meeting in New York referenced
0 Comments
The stock market can “absolutely” go higher even without technology stocks leading the way, Wharton School finance professor Jeremy Siegel told CNBC on Friday. Tech stocks, which have delivered the best returns in recent years, have been hammered lately. October was their worst month since 2008. “We might get surprised by [investors] moving into some
0 Comments
Check out the companies making headlines after the bell: Yelp stock plunged 27 percent in the extended session after the company missed revenue expectations for the third quarter and also provided weak guidance. The company reported $241 million in revenue, while analysts were expecting $245 million. The company cited a slowdown in advertising account growth
0 Comments
Source: Bank of America Merrill Lynch The best stock market returns occur when Washington DC is locked in the “gridlock” that comes with different parties controlling the different houses of Congress, data shows. The best S&P 500 returns under a Republican president occurred while Congress was split with that scenario producing 12 percent annual returns,
0 Comments
Check out the companies making headlines after the bell: E.L.F. Beauty shares soared 22 percent during after-hours trading as the beauty company beat estimates in its quarterly earnings Monday. The company reported earnings of 17 cents per share, while analysts estimated 8 cents a share. The company also beat on revenue, reporting $63.9 million versus
0 Comments