Posts filtered by tags: Blackrock[x]


Netflix's price hike tells us a lot about its subscriber numbers, analyst says (NFLX)

Netflix announced its largest price increase for US subscribers on Tuesday. The company is set to report fourth-quarter earnings later this week. The price hike is a strong signal that its subscribers are growing strong, Bernstein says. Watch Netflix trade live. Netflix's price hike for US subscribers is a strong signal that its subscribers are growing strong, according to one Wall Street analyst. The company on Tuesday said it's raising US prices by 13% to 18%, its biggest increase e...
Tags: US, Trends, Netflix, Blackrock, Bernstein, NFLX, Schiffer, Todd Juenger, Eric Schiffer, Juenger

Netflix pops after saying it's raising prices for US subscribers (NFLX)

Netflix announced its largest price increase for US subscribers on Tuesday. The streaming giant's most popular plan will see the biggest increase, to $12.99 from $10.99. Its basic plan saw a $1 per month increase to $8.99 per month. It was the first increase for basic the plan since 2010. Watch Netflix trade live. Netflix shares jumped more than 5% to $352.19 Tuesday after the company rolled out its biggest price increase for US subscribers. As of January 15, 2019, the price of Netflix's mo...
Tags: Hbo, US, Trends, Netflix, Hulu, Blackrock, NFLX

Blue Apron is soaring after saying it will 'reaffirm confidence in achieving profitability' on an adjusted basis (APRN)

Blue Apron said Tuesday it plans to reaffirm confidence in turning a profit in both the first quarter and fiscal year 2019 when it reports Q4 results later this month. The meal-kit maker has had difficulty retaining customers in the past. Blue Apron shares were up more than 11% early Tuesday. Watch Blue Apron trade live. Blue Apron was surging Tuesday morning, up more than 11%, after the company said it plans to reaffirm confidence in achieving profitability next year when it releases its fo...
Tags: Amazon, Trends, Bloomberg, Blue Apron, Blackrock, First Amazon, EBITDA

Facebook investors got a 'wake-up call' last year, but one of Wall Street's biggest worries isn't a problem, analyst says (FB)

Facebook was under pressure in the second half of 2018, falling 34% from its record high set on July 25. The social-media company was rocked by the Cambridge Analytica data scandal in March, and got hard hit after posting brutal earnings in July. Public scrutiny over Facebook's data protection is unlikely to stall its long-term progress as users are still sticking to the community, according to Rob Sanderson, managing director at MKM Partners. Sanderson added that US regulators won't be too ...
Tags: Facebook, Wall Street, US, Trends, Blackrock, Sanderson, MKM Partners, FB, Brian Wieser, Cambridge Analytica, Pivotal Research Group, Watch Facebook, Rob Sanderson, MKM Partners Sanderson

Netflix just had its best quarter for content — but it still faces several big risks, JPMorgan says (NFLX)

Netflix's quarterly results are due out later this week, and JPMorgan views the streaming giant pretty positively. But in a new report out Monday, the firm lowered its year-end price target and listed several risks Netflix may still have to grapple with. Two fourth-quarter-specific risks are the impact from foreign-exchange fluctuations and the addition of fewer net additions than Netflix had previously forecast.  Netflix shares have fallen 21% from their record high last June, but they're sti...
Tags: Taylor Swift, Mexico, US, Trends, Netflix, Morgan Stanley, Black Mirror, Blackrock, Jpmorgan, NFLX, Hill House, Bird Box, Doug Anmuth, Anmuth, Bird Box Black Mirror, Bird Box Citron Research

BlackRock to cut 500 jobs, 3% of staff, amid market turmoil

Asset managers like BlackRock are under pressure as volatility roils markets and investors pile into low fee funds.
Tags: Business, News, Markets, Blackrock

Startups Weekly: Will Trump ruin the unicorn IPOs of our dreams?

The government shutdown entered its 21st day on Friday, upping concerns of potentially long-lasting impacts on the U.S. stock market. Private market investors around the country applauded when Uber finally filed documents with the SEC to go public. Others were giddy to hear Lyft, Pinterest, Postmates and Slack (via a direct listing, according to the latest reports) were likely to IPO in 2019, too. Unfortunately, floats that seemed imminent may not actually surface until the second half of 2019 —...
Tags: Startups, Facebook, Lyft, Uber, Money, Pinterest, Wall Street, Softbank, Funding, Tech, Venture Capital, SEC, WeWork, Magic Leap, Sequoia Capital, Donald Trump

Netflix investors are 'as blind as Bird Box,' Citron Research says (NFLX)

Netflix posted strong third-quarter earnings and subscriber growth on October 16, but shares tanked more than 36% over the following two months as the broader tech sector came under pressure. After bottoming at $231.23 in late December, Netflix shares have surged by more than 45%. The company's recent rebound is overreacted in the eyes of short seller Andrew Left. Netflix's market-capitalization gain over the past 12 days equals 12 DreamWorks Animations, 12 Lionsgates, 10 Rokus, or 5 Hulus, ...
Tags: Trends, Netflix, Ubs, Dreamworks, Sandra Bullock, Federal Reserve, Blackrock, Bernstein, NFLX, Citron Research, Andrew Left, Todd Juenger, Watch Netflix, Travis Clark, Bird Box, Bird Box Citron Research

Netflix analysts answer critical questions about the streaming giant and the future of the industry (NFLX)

Netflix jumped to a three-month high Friday following bullish commentary from UBS. The firm's analysts broke down several key questions surrounding Netflix and the future of streaming itself. The analysts also outlined their long-term view that Netflix should achieve higher margins than Wall Street currently expects as its content spend is now at a scale of the "major media companies." Watch Netflix trade live. Netflix shares soared to a three-month high Friday on the back of a bullish UBS r...
Tags: Google, Asia, Taylor Swift, India, US, Trends, Bloomberg, Netflix, Ubs, Goldman Sachs, Hulu, Latin America, Blackrock, Amazon Prime Video, Sheridan, NFLX

Nvidia is a stand out in the semiconductor space amid uncertain US-China trade talks, analyst says (NVDA)

The US and China have agreed to go ahead with further trade talks, but the ongoing US government shutdown could derail trade negotiations, a report said. The outcome of the trade talks is especially relevant for the semiconductor industry that relies heavily on manufacturing steps in multiple geographic regions, according to William Stein at SunTrust Robinson Humphrey. Among the semis industry, Nvidia stands out as a structural grower, according to Stein.  Watch Nvidia trade live. Nvidia is ...
Tags: Washington, China, US, Trends, Beijing, Nvidia, Amd, Donald Trump, Gpu, Wall Street Journal, Blackrock, Robinson Humphrey, Stein, US China, SunTrust Robinson Humphrey, NVDA

GM is surging after giving strong guidance, saying it would use Cadillac to compete with Tesla (GM, TSLA)

General Motors gave strong 2019 guidance Friday morning. The automaker also announced it would use its Cadillac brand to take on Tesla in the electric-vehicle market. Watch General Motors trade live.  General Motors was rallying Friday, up more than 9%, after the company gave strong 2019 guidance and said it would use its Cadillac brand to take on Tesla. Friday's gains have GM shares trading near $37.50, and at their best level since the beginning of December. A close above $38.45 would be ...
Tags: US, Trends, General Motors, Tesla, Gm, North America, Morgan Stanley, Blackrock, Cadillac, Adam Jonas, Watch General Motors, Tesla GM TSLA

Billions are at stake in the Bezos divorce. Here's what it means for Amazon shareholders. (AMZN)

Amazon CEO Jeff Bezos and his wife, MacKenzie, said earlier this week they plan to divorce. Bezos is the world's richest man, with a net worth of $137 billion, according to Bloomberg's Billionaires Index. While billions hang in the balance for them, some experts say the divorce may not mean much for the average Amazon shareholder — unless the proceedings become something of a "distraction" and impact the company's leadership. Watch Amazon trade live. Billions of dollars are at stake for Jef...
Tags: Amazon, New York, Washington, Los Angeles, Trends, Bloomberg, Jeff Bezos, Blackrock, Reuters, Jeff, Bezos, MacKenzie, Wedbush Securities, AMZN, Brian Wieser, Bellevue Washington

Slack is reportedly following Spotify in going public through a direct listing. Here's how a direct listing works.

Slack is reportedly planning to use a rare direct listing to go public, potentially becoming the second big technology company after Spotify to bypass a traditional initial public offering. In a direct listing, a company foregoes the usual underwriting process, which involves lining up investors ahead of time and selling shares at a set price, and instead lets the open market play a greater role in setting the price. Slack, like Spotify, is perfectly positioned to effectively use a direct list...
Tags: Spotify, China, Softbank, US, Trends, New York Stock Exchange, General Atlantic, Slack, Dragoneer Investment Group, Blackrock

Postmates lines up another $100M ahead of IPO

Postmates, one of the earlier entrants to the billion-dollar food delivery wars, has raised an additional $100 million in equity funding at a $1.85 billion valuation, as first reported by Recode and confirmed to TechCrunch by Postmates. The round comes four months after the eight-year-old startup drove home a $300 million investment that finally knocked it into “unicorn” territory. New investor BlackRock has joined the funding round alongside Tiger Global, which served as the lead investor...
Tags: Startups, TC, Uber, Softbank, Tech, Postmates, Slow Ventures, Blackrock, Founders Fund, Doordash, Bastian Lehmann, Spark Capital, Jpmorgan, Recent Funding, Spark Capital Founders Fund Uncork Capital

Jeff Bezos' impending divorce carries some big risks for Amazon shareholders (AMZN)

Amazon CEO Jeff Bezos' impending divorce from his wife, MacKenzie Bezos, carries at least two big risks for the company's shareholders, legal experts say. Bezos could become distracted by the divorce proceedings, affecting his ability to run Amazon. The divorce could also potentially lead to a mass sell-off of stock by either Bezos or his wife. Legal experts think Bezos and his wife will work to minimize those risks, since it's in their interests to do so. But divorces don't always go smoothly...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, New York Post, New York, Washington, Trends, Larry Page, Jeff Bezos, Rupert Murdoch, National Enquirer, Amazon Web Services, Blackrock, Paul Tudor Jones, Vanguard

Nvidia's CEO reportedly slams rival AMD's new 7-nanometer gaming graphics card (NVDA, AMD)

AMD on Wednesday unveiled Radeon VII, the first 7-nanometer gaming graphics card available to consumers. Right after AMD's announcement, Nvidia CEO Jensen Huang reportedly slammed the new chip, saying its " performance is lousy." Nvidia recently unveiled GeForce RTX 2060, the company's cheapest graphics card that can provide ray tracing. AMD CEO Lisa Su fired back, saying AMD isn’t all in on ray tracing just yet simply because other parts of the ecosystem are not ready. Nvidia CEO Je...
Tags: Trends, Nvidia, Amd, Gizmodo, Gpu, Blackrock, Rbc, Don, Huang, Lisa Su, NVDA, Christopher Rolland, Jensen Huang, Susquehanna International Group, Radeon VII, Markets Insider Nvidia

Millennials are piling into Apple after it warned of a slowdown linked to China (AAPL)

Apple last week slashed its revenue guidance for the holiday quarter and blamed slumping sales on a slowdown in China. As shares faced selling pressure following the announcement, down as much as 10%, millennials traders on Robinhood were piling into the stock. Since peaking at $233.47 on October 3, Apple has lost 35% of its value. During the same time period, the number of Robinhood investors holding Apple shares increased by 30%. Watch Apple trade live. Apple last week sounded the alarm on...
Tags: Apple, China, Trends, Goldman Sachs, Robinhood, Blackrock, Aapl, Nikkei Asian Review, Watch Apple, Lumentum, Markets Insider Apple, China Staying

BlackRock to cut 3 percent of its workforce in coming weeks - memo

BlackRock Inc plans to cut 500 jobs, or 3 percent of its workforce, in coming weeks, according to a memo reviewed by Reuters on Thursday.
Tags: Money, businessNews, Blackrock, Reuters, BlackRock Inc

Bitcoin plunges sharply and suddenly

Bitcoin and other cryptocurrencies took a sharp and sudden turn lower Thursday morning. The selling pushed bitcoin below $3,800 a coin. Watch bitcoin trade live. It may be 2019, but bitcoin is back to its bad habits of 2018. The largest cryptocurrency by market cap plunged sharply and suddenly early Thursday, falling from near $4,000 a coin to below $3,800. At last look, it was trading down 5.4% near $3,807. Its rivals ether (-11.8%), litecoin (-10.2%), and bitcoin cash (-12.9%) were under e...
Tags: Hong Kong, Trends, Bloomberg, Bitcoin, Ethereum, Blackrock, Mati Greenspan, Timothy Tam, CoinFi

Amazon is among JPMorgan's best ideas for 2019 — here's its big bull case (AMZN)

Amazon is among JPMorgan's best investment ideas for 2019, mostly due to its diversified revenue and profit sources. The firm explained its bull case in a detailed report distributed Wednesday. The stock rose 28% in 2018, handily outperforming the broader market during what turned out to be a brutal year for most assets. Still, it has fallen 19% from its all-time high of $2,050.50 in October. Watch Amazon trade live. Amazon is among JPMorgan's best investment ideas for the coming year, and ...
Tags: Google, Amazon, Facebook, Trends, Bloomberg, Jeff Bezos, Amazon Web Services, PillPack, Blackrock, Kroger, Jpmorgan, Davidson, MacKenzie, AMZN, Brian Wieser, Pivotal Research Group

Apple will face bigger challenges as 'China bites even more,' HSBC says (AAPL)

Analysts at HSBC have taken down their Apple price target a week after the company reduced its quarterly revenue estimates. The challenges facing Apple include a mix of both China- and iPhone-specific concerns, HSBC told clients in a report Wednesday. Watch Apple trade live. Analysts who turned negative on Apple in December — before the company's sales warning but long after Wall Street and suppliers began cautioning investors — are doubling down on their cautious view of the iPhone giant. "...
Tags: Apple, China, Trends, Hsbc, Blackrock, Guggenheim, Nikkei Asian Review, US China, ASP, Robert Cihra, Erwan Rambourg, Wednesday Watch Apple, Rambourg, Apple HSBC

AMD is sliding after unveiling its 7-nanometer gaming graphics card (AMD)

AMD on Wednesday unveiled Radeon VII, the first 7 -nanometer gaming graphics card available to consumers. Shares were sliding following the product's release. Earlier this week, rival Nvidia unveiled GeForce RTX 2060, the company's cheapest graphics card that can provide ray tracing. Watch AMD trade live. AMD fell 2.7% to $ 20.19 Wednesday after the company unveiled the first 7-nanometer gaming graphics card. The chipmaker on Wednesday announced the Radeon VII, a 7 nm graphics processing...
Tags: Trends, Intel, Ces, Nvidia, Amd, Gpu, CPU, Blackrock, NVDA, Christopher Rolland, NVDA AMD, AMD NVDA, Susquehanna International Group, Amd Radeon Vii, Radeon VII, Markets Insider AMD

Check out our exclusive list of the top lawyers working on the biggest deals in the booming marijuana industry that's set to skyrocket to $194 billion globally

Business Insider compiled a list of the top lawyers who've worked on the biggest M&A transactions in the marijuana industry to date. Check out our exclusive, subscribers-only list here.  With the rapid spread of marijuana legalization in the US, lawyers are discovering that the tangled web of regulations guiding the rapidly growing industry is a boon for business. After last year's midterm elections, some form of cannabis is now legal in 33 states, and many in the industry say it's only a mat...
Tags: Wall Street, US, Trends, Silicon Valley, Blackrock, Sullivan, Bernie Madoff, Cromwell, Duane Morris Baker Botts

History says Apple's slumping stock will hold tech back from beating the market, according to Bank of America (AAPL)

If history is any indication, the S&P 500 technology sector can't outperform without Apple. That's according to a new Bank of America analysis of the performance of the S&P 500's tech sector relative to the broader market during periods when Apple has fallen more than 30%. Still, the firm's strategists have a positive view on tech more broadly as they believe valuations have already discounted much of the downside risk. Watch Apple trade live. Can technology stocks outperform without the hel...
Tags: Apple, China, Samsung, Trends, Bank Of America, Blackrock, Aapl, Greater China, Bank of America Merrill Lynch, Watch Apple, Savita Subramanian, Bank of America AAPL

Nvidia is surging after unveiling new chips targeting cost-sensitive laptop gamers (NVDA)

Nvidia on Sunday unveiled GeForce RTX 2060, which at $349 can make the company's new Turing architecture accessible to laptop gamers. The three first GeForce RTX graphics cards were unveiled in August with much higher prices and designed for high-ending desktop PCs. Management on Sunday said it's finally ready to bring those new graphics chips to gaming laptops. By getting to the laptop market and attracting cost-sensitive PC gamers, Nvidia could offset the recent impact of a plunge in demand ...
Tags: Trends, Nvidia, Crypto, Las Vegas, Amd, Gpu, Blackrock, Rbc, NVDA, Jensen Huang, RTX Laptops Nvidia

Snap gets hit with a downgrade as analyst says it may need to give out more stock to keep key employees (SNAP)

Snap was downgraded at Pivotal Research after analyst Brian Wieser said it may need to give out more stock to keep key employees. The social-media company has recently seen a string of executive departures as it contends with large financial losses, a plunging stock price, and a declining user base.  Snap management in December decided to not give employees cash bonuses for the second straight year, replacing them with stock-based compensations. Watch Snap trade live. Snap faces an incremen...
Tags: Trends, Imran Khan, Evan Spiegel, Kylie Jenner, Khan, Blackrock, Snap, Pivotal Research, Brian Wieser, Wieser, Drew Vollero, Jeff Lucas, Watch Snap, Elizabeth Herbst Brady Snap, Pivotal Research Group Significant

Tesla is rallying after breaking ground on its Shanghai Gigafactory (TSLA)

Tesla CEO Elon Musk kicked off the construction of the electric-car maker's new $2 billion Gigafactory in Shanghai, China, on Monday. A China-based factory may help Musk dodge tariffs imposed by China. Tesla shares jumped almost 2% early Monday. Watch Tesla trade live. Tesla shares rallied almost 2%  early Monday after the company  kicked off the construction of its first overseas Gigafactory in Shanghai, China. CEO Elon Musk gave a speech at the site of the planned $2 billion factory in th...
Tags: Elon Musk, China, US, Trends, Tesla, Xi Jinping, Shanghai, Donald Trump, Blackrock, Musk, Trump, Shanghai China, Reuters Tesla, China Tesla, Lingang, Shanghai Gigafactory TSLA

General Electric is surging after report says the buyout firm Apollo is eyeing a bid for its jet-leasing business (GE)

General Electric's aircraft leasing unit is being eyed by the alternative-asset-manager Apollo Global Management, a report said. Apollo has met with lenders to secure about $30 billion in financing to purchase GE Capital Aviation Services, which could be worth as much as $40 billion. A sale would raise considerable capital for cash-strapped GE, which recently sped up efforts to reduce debt by selling assets. Watch General Electric trade live. General Electric rallied as much as 3.16% to $8....
Tags: New York, Ge, US, Trends, Bloomberg, SEC, Goldman Sachs, General Electric, Doj, Apollo, Blackrock, Rbc, GE Capital, Apollo Global Management, ServiceMax, GECAS

Amazon will soar more than 20% as it becomes a 'third force' in advertising behind Google and Facebook, analyst says (AMZN)

Amazon is set to soar over 20% by the end of the year, according to a new report from Pivotal Research. Analyst Brian Wieser told clients that despite Amazon's already-massive size, it has promising growth potential, primarily in advertising. Still, Wieser's $1,920 price target on the stock comes in below its record high of $2,050.50. Watch Amazon trade live. Amazon — one of the world's largest retailers — is big, but it's not nearly done expanding, according to an analyst who sees the stock...
Tags: Apple, Google, Amazon, Facebook, US, Trends, Walmart, Bloomberg, Warren Buffett, Alexa, Blackrock, Business Insider, Davidson, Facebook Read, Gene Munster, Pivotal Research

'The age of technology is over': One market expert explains why tech stocks are doomed to keep crashing

The tech-heavy Nasdaq Composite index has taken a serious beating since reaching a record high in late August, falling 17% from its peak. And that includes Friday's big rally. Vincent Deluard, a macro strategist at INTL FCStone, explains why tech-sector pain is just getting started — and why the sector is "no longer special." Don't let Friday's torrid rally fool you. Tech stocks are in a whole heap of trouble. Sure, the tech-heavy Nasdaq Composite index soared as much as 5% on Friday, but it'...
Tags: Apple, Facebook, China, Disney, Trends, Tesla, Walmart, Netflix, Blackrock, Don, Intl, Ebay Netflix, GICS, Vincent Deluard, Facebook Google Portfolio, Global Industry Classification Standard GICS

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