Investing

Jack Ma’s Ant Financial is betting on blockchain but the Chinese billionaire warned against the technology’s first and most popular use case: Bitcoin. The financial-technology affiliate of e-commerce giant Alibaba launched a joint venture in Hong Kong Monday that uses blockchain for a cross-border remittance service. At the launch event hosted by Ant Financial, Ma
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Carnival shares dropped Monday after the company cut its full-year guidance, citing increased fuel costs and unfavorable currency exchange rates. The stock closed down 7.85 percent at $58.54 per share, the largest decline since a 7.9 percent drop in February 2016, after the cruise line operator cut its full-year earnings outlook to a range between
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Management turnover at Intel will not negatively impact the company’s business momentum, according to Credit Suisse. The firm reiterated its outperform rating for the chipmaker’s shares, predicting the company will generate strong earnings results next year. On Thursday Intel announced the resignation of its CEO Brian Krzanich for his infraction of the company’s non-fraternization policy.
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First published in 1949, the investing manual is written by Buffett’s former teacher and mentor, Benjamin Graham. It outlines Graham’s philosophy of “value investing” — buying stocks when they are undervalued and holding them for a long period of time — which would become a hallmark of Buffett’s investment strategy. “All of the important ideas
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Louis Ascui | Fairfax | Getty Images Jack Dorsey, co-founder and CEO of Square and Twitter. Square has a large untapped opportunity to offer more services to the restaurant industry, according to one Wall Street firm. Nomura Instinet reiterated its buy rating for Square shares, predicting the payment company’s new offering called “Square for Restaurants”
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Goldman Sachs upgraded Verizon and Charter Communications to buy from neutral, believing the broadband providers have been unfairly punished as other telecommunications giants pursue costly acquisitions. “We believe that broad underperformance across the sector has been driven by a few key factors, including concerns about fundamental headwinds, M&A uncertainty and rising interest rates,” the Goldman
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President Donald Trump‘s administration has been in a tit-for-tat battle of tariff threats with multiple U.S. trading partners, particularly China. In addition, Trump has threatened to pull out of multinational trade agreements like NAFTA, and has slapped tariffs on imported steel and aluminum. One of the most glaring declines has come from Russia, which sliced
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Simon Dawson | Bloomberg | Getty Images Microprocessors sit on a circuit board labelled ‘true Automotive Ethernet’ at the NXP Semiconductors NV pavilion at the Mobile World Congress in Barcelona, Spain. Shares of NXP Semiconductors rose in extended trading Friday amid conflicting reports about whether Chinese regulators have approved Qualcomm‘s proposal to acquire the smaller
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A casual observer may assume the greatest money managers have charmed investing careers filled with success after success. But that isn’t the case, Michael Batnick, director of research at Ritholtz Wealth Management, explained in his new book “Big Mistakes: The Best Investors and Their Worst Investments,” released on June 6. Batnick shared key lessons and
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