Joe Horowitz is a venture capital traditionalist. He believes in best practices, business fundamentals and calculated bets. But as megafunds and hundred-million-dollar rounds balloon valuations and flood the space, the Icon Ventures managing general partner finds himself fighting money with money. “If we don’t adjust to the reality of the implications of what the megafunds
Month: October 2018
The S&P 500 is having its worst month in nearly three years. But the worst may be yet to come for the stock market, according to Jim Paulsen, chief investment strategist at Leuthold Group. “My guess is that we’re going to have a bigger correction than we’ve had yet,” said Paulsen on CNBC’s “Trading Nation”
You might be so excited that your first instinct is to share your news far and wide. Bad move, experts say. One of the best ways to protect your newfound wealth is to avoid letting too many people know about it. Of course, this can be difficult if you cannot claim your prize anonymously. Even
CNBC’s Jim Cramer knew he had to explain the stark weakness in shares of United Rentals after the stock of the largest equipment rental company in the United States lost 15 percent on Thursday and hit another 52-week low Friday. “October has been a Freddy Krueger-esque nightmare for United Rentals. The darned thing is down
The Federal Reserve isn’t paying enough attention to the jobs being wiped out by technological innovation, CNBC’s Jim Cramer said Friday. “Right at the moment when Silicon Valley is laying waste to white-collar jobs and many factory positions — that’s why companies love the cloud, it lets them fire people — the Fed is obsessed
GoPro Inc.: “I think that GoPro’s going to have a good holiday season. They’ve got all new stuff. I think it could trade to $8, but I don’t think it’s getting more than that because it’s pretty darn speculative.” Eli Lilly and Co.: “I think Eli Lilly is very good, but it has had such
A quarter of Venmo users are currently using PayPal’s millennial-friendly payments app in a way that the financial technology company can monetize, PayPal Chief Financial Officer John Rainey told CNBC on Friday. “If we look at the most recent quarter, roughly one in four Venmo customers are using Venmo in a way today that we’re
Tina Hsiao, WePay’s operating chief, said the plan for a new space has been on the books since the deal closed, along with Dimon’s commitment to double the size of WePay’s engineering team. “This is him planting that flag,” Hsiao said in an interview. “The leaders have said: We’re not tourists, we’re here to stay.”
The Mega Millions jackpot reached $1 billion on Friday. So, what are the odds of hitting the winning numbers? Pretty slim. To make things even more difficult, lottery officials who run the Mega Millions game tweaked the rules and odds in October 2017 to make jackpots pay out less frequently, spurring their monster growth, according
CNBC’s Jim Cramer said on Friday that Canadian pot stock Canopy Growth is now a buy. Cramer, who has always viewed Canopy as a best-in-class among the cannabis companies, had cautioned as recently as Wednesday, the day Canada legalized marijuana for recreational use, that he would not pull the trigger yet. But two days later,
It’s unbelievable that this big banks has still employ this type of people, you should resign for your lack of knowledge of things, it’s not like that you don’t understand, you are very one of the best, it’s not like you don’t understand our business , you don’t understand your own business. You are a
For investors, the opportunity zones come with several tax advantages. Capital gains placed in a certified opportunity zone fund will not be taxed through the end of 2026 or when the investment is sold, whichever comes first. Any gains from the fund are permanently shielded from taxes if the investment has been held for 10
PayPal shares soared 9 percent on Friday after the company beat expectations on earnings and revenue and announced positive news about its peer-to-peer app Venmo. The payment company’s stock hit a high above $86. Shares are up more than 26 percent year over year. On Thursday, PayPal reported third-quarter earnings that beat Wall Street’s expectations,
The research found about 70 million homeowners would likely qualify for a home equity loan or line of credit. However, there are some things to consider before signing up. For starters, the tax break you could get for using home equity this way is no longer guaranteed. As of this year, you can only deduct
The “Fast Money” traders shared their first moves for the market open. Dan Nathan was a seller of the Financials ETF Brian Kelly was a buyer of SPDR Gold Shares Karen Finerman was a buyer of Golar LNG Guy Adami was a buyer of Viacom Trader disclosure: On October 18, 2018 the following stocks and
Harley riders have been trading in their “hogs” in increasing numbers as the company fights through a public relations nightmare created when it said it was shifting some production overseas, Johnson said. The Milwaukee-based manufacturer said it was doing so in response to retaliatory tariffs abroad due to Trump’s duties on steel and aluminum imports
Procter & Gamble shares jumped Friday after the company said beauty helped propel higher-than-expected revenue growth and reported the strongest quarterly sales gains in five years. It also maintained its profit outlook for the full year. In recent quarters, the company has struggled to grow sales as demand has waned for some of its household
Getty Images Amazon CEO Jeff Bezos is sizing up locations for its second US headquarters. Among the criteria: convenient access to mass transit and an international airport, a highly educated labor pool, a strong university system and a diverse population. Amazon is set to open a new office in Manchester and will hire more than
On the sneaker reselling website Goat, one pair of shoes can go for as much as $60,000, according to CEO Eddie Lu. “It’s not just a sports thing, it’s a lifestyle thing,” Lu said in an interview with CNBC’s Wilfred Frost. Goat is the largest resale marketplace for sneakers, with over 35,000 unique styles available
Investors finally got what they were waiting for in PayPal‘s quarterly earnings: Good news about Venmo. The peer-to-peer payments app, which PayPal acquired along with Braintree in 2012, has struggled to make money for its parent company. Wall Street analysts highlighted the app’s performance as a key metric to watch in Thursday’s earnings report. Venmo
Amarin Corp.: “We’re going to take out our cost basis tomorrow, even though that heart drug is pretty good. Tomorrow, you take out the cost basis and you can’t lose. As a matter of fact, I would take out double my cost basis because that stock’s in the $20s now. So that’s how we’re going
Cannabis retail in the United States is fraught with “points of dissonance” in the stores that exist today, retail industry veteran Peter Horvath, who now runs a cannabis-focused consumer products company, told CNBC on Thursday. Horvath, a former L Brands and American Eagle Outfitters executive whose newest employer, Green Growth Brands, will come public later
Check out the companies making headlines after the bell: PayPal stock jumped more than 7% percent after the market-close on Thursday following the release of its third-quarter earnings report. The payment company beat on both its top and bottom lines, reporting earnings of 58 cents per share on revenue of $3.68 billion, vs. analyst estimates
PayPal reported third-quarter earnings and revenue that topped Wall Street estimates on Thursday, with a surge in payment volume for its peer-to-peer payment app Venmo. Here’s how the company did compared with what Wall Street expected: Earnings: 58 cents vs. 54 cents per share, forecast by Refinitiv. Revenue: $3.68 billion vs. $3.66 billion, forecast by
American Express beat Wall Street’s expectations for third quarter earnings, saying Thursday it had earnings per share of $1.88 on strong gains in spending by consumers and small businesses. Wall Street had expected EPS of $1.77, as forecast by Refinitiv. Revenue was a record $10.1 billion, beating the expectation of $10.05 billion. Profit of $1.6
During the interview process, you definitely walk a line between showing your best self and not sounding overly boastful. Instead of one-word descriptions or adjectives, give full descriptions of your strengths, says Heather Barker, director of human resources at TGS, a Houston data company. “The answer can’t just be, ‘I’m really good at communication,’ or
Source: Acadia Healthcare. North Tampa Behavioral Health facility in Wesley Chapel, Florida, owned by Acadia Healthcare. Acadia Healthcare shares soared Thursday after Reuters reported that the U.S. behavioral health centers operator is in talks with private equity firms about selling itself. Acadia, which operates a network of nearly 600 behavioral health-care facilities with approximately 17,800 beds
Crude is getting crushed. The rally in the commodity appears to be losing steam as WTI crude falls below $70, and hits its lowest level in a month. Here’s what four market experts have to say about the move: • Helima Croft, Global Head of Commodity Strategy at RBC Capital, warns investors to keep a
The strongest job markets for college graduates in midsize cities include California-Lexington Park in Maryland and Hanford-Corcoran, California. In large cities, recent graduates will likely find themselves in demand in Merced and Bakersfield, California. On the other hand, a college degree is unlikely to get you in the door in midsize cities like Ithaca, New
“Getting started is the hardest part,” said Emily Sanders, managing director of advisory firm United Capital Atlanta. Disorganization, anxiety over the amount of time it might take, not having the right documents and shame can also stand in someone’s way. “[People] know they haven’t managed their money well, and they don’t want to be confronted
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