If you want proof that life isn’t always fair, look no further than Weibo Corp (ADR) (NASDAQ:WB) — one of the most popular social media sites in China. Weibo earnings were released Wednesday morning. The company managed to top its first-quarter sales and earnings estimates — quite firmly, in fact. …read more […]
DUBAI (Reuters) – Surging oil prices mean the big Arab countries of the Gulf — especially Saudi Arabia — look set to gain financially as well as politically from U.S. President Donald Trump’s decision to pull out of the Iran nuclear deal.
“Suppose you could make money trading harvested baby brains. Would you do it?” asked Charlie Munger, Berkshire Hathaway’s (NYSE: BRK) outspoken vice chairman. To him, bitcoin is just as bad.
Munger and Warren Buffett set the Twitterverse afire by poo-pooing bitcoin and cryptocurrency at Berkshire’s recent annual shareholder meeting.
But Munger did admit that blockchain, the computer science behind bitcoin, “is a great triumph of the human mind.”
I agree with him there.
But today I’m talking about perhaps the most controversial investment opportunity in history… an opportunity formed by the colliding worlds of cryptocurrencies and marijuana.
The two are made for each other.
And the …read more […]
Republican voters rejected ex-convict Don Blankenship in a West Virginia Senate primary in which he sold himself as “Trumpier than Trump” but was vigorously opposed by Trump himself. GOP voters in Indiana, meanwhile, chose wealthy businessman Mike Braun over two sitting congressmen to lead the party’s charge against a vulnerable Democratic senator in the fall. President Donald Trump and his allies cheered the West Virginia result, which helped avert a potential political disaster for a GOP already bracing for major losses in the November midterm elections. …read more […]
The company’s stock hasn’t been this cheap in years. Time to buy? …read more […]
MUMBAI/NEW YORK (Reuters) – Walmart Inc will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer’s largest-ever deal, in an attempt to compete with rival Amazon.com Inc in a key growth market.
Cadillac has just confirmed that the ATS sedan dies at the end of the 2018 model year. In an e-mail, carmaker spokesman Donny Nordlicht wrote, “Production of the ATS Sedan is ending due to extensive plant upgrades, expansion and re-tooling to prepare for the next generation of Cadillac sedans.” The admission confirms several months of deduction based on a document trail put together by The Truth About Cars. …read more […]
(Reuters) – U.S. stocks rose on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.
ZURICH (Reuters) – Swiss drugmaker Novartis has ended a contract with a firm linked to U.S. President Donald Trump’s lawyer, Michael Cohen, saying it was now seen as a mistake.
Several times during CEO Sundar Pichai’s keynote presentation at the company’s I/O developer conference, the audience of 7,000 gasped or burst into applause. That’s because some of Google’s massive investments in artificial intelligence are now paying off—in features that truly are magical. …read more […]
Ford may stop production of its bestselling and highly profitable F-150 pickup truck at two factories after a supplier fire. Fortunately for Ford, General Motors doesn’t yet have new pickups in the US markets, and Fiat Chrysler is just launching its F-150 competitor. Ford should recoup sales later this year, unless the shutdowns are prolonged. …read more […]
(Reuters) – Wall Street opened higher on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.
A senior Israeli Cabinet minister says President Donald Trump’s decision to withdraw from the Iran nuclear agreement will force the Islamic Republic to abandon its pursuit of a bomb for good. The Israeli government has staunchly opposed the 2015 nuclear deal and warmly congratulated Trump on his decision. …read more […]
HONG KONG (Reuters) – ZTE Corp’s main business operations have ceased due to a ban imposed by the U.S. government, but the Chinese firm is trying to have the ban modified or reversed, it said in exchange filings late on Wednesday.
(Reuters) – Wall Street was set to open higher on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.
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