Investing

Kevin Plank, CEO, Under Armour Here are the biggest calls on Wall Street on Friday: J.P. Morgan upgraded Under Armour to ‘overweight’ from ‘neutral’ J.P. Morgan upgraded the stock after positive meetings with management. “We hosted HQ meetings in Baltimore with CEO Kevin Plank, COO/President Patrik Frisk, CFO David Bergman and Chief Digital Officer Paul
0 Comments
Bill Marvin and Chris Seib (CTO and co-founder) action shot Meagan Ebersole | JP Morgan Chase J.P. Morgan Chase is buying medical payments technology firm InstaMed to push more deeply into the $3.5 trillion market for U.S. health-care spending. The bank agreed Friday to purchase InstaMed, a Philadelphia-based company of about 300 employees that processed
0 Comments
Mark Cuban, billionaire investor and owner of the NBA’s Dallas Mavericks, told CNBC on Tuesday that Uber’s disappointing initial public offering last week was “not a surprise” because the ride-hailing company waited too long to go public, losing the momentum early companies typically have. “It’s not a growth company,” Cuban said in a phone interview
0 Comments
Tesla‘s increasing production rate and active resale market may be hurting the brand’s appeal and diminish demand for its cars, Morgan Stanley said on Friday, in a counter-intuitive note to clients. “Many auto companies make great efforts to maintain and remarket their used vehicles to increase accessibility of the used product to customers who otherwise
0 Comments
The U.S. government on Friday approved the formation of a new Silicon Valley stock exchange following a regulatory criticism late last year. Backed by top Valley figures such as venture capitalist Marc Andreessen, the Long-Term Stock Exchange was born out of concern from the nation’s tech elite who were frustrated that the public market’s focus
0 Comments
Two prominent market voices squared off Wednesday over the future of cryptocurrencies in a debate that ended with a bet over a T-shirt. Economist Nouriel Roubini, who for many years wore the sobriquet “Dr. Doom,” said bitcoin and its peers don’t even deserve to be called “cryptocurrencies.” Investor and former hedge fund manager Michael Novogratz
0 Comments
Glenview Capital Management CEO Larry Robbins said Monday that he’s shorting shares of industrial conglomerate 3M. Robbins underscored 3M’s mounting litigation headaches, which span multiple states and center on pollution as a result of its operations. The manager added that, since 2015, 3M’s lawsuits have soared 87 fold and now pose a significant liability to
0 Comments