Posts filtered by tags: Wall Street[x]


 

How to pitch top hedge funds on the next hot alt-data set

  Happy Saturday! Hedge funds that love to use Robinhood data to hunt for winning ideas won't be able to tap its enormous pool of trades in quite the same way anymore. As CNBC first reported, Robinhood is no longer publishing how many customers held a particular stock, and the retail-trading app is also limiting access to its API. And as Dakin Campbell and Dan DeFrancesco learned, hedge funds were pinging other data providers within hours of hearing the Robinhood news to try to line something el...
Tags: Google, Amazon, Facebook, Asia, Wall Street, Softbank, Disney, US, Trends, Bank Of America, Paypal, Hsbc, Gm, Merrill Lynch, Manhattan, Deutsche Bank


Hedge funds hunt for Robinhood replacement — TIAA buyouts — Merrill Lynch's FA training head is out

  Happy Saturday! Hedge funds that love to use Robinhood data to hunt for their own winning ideas won't be able to tap that enormous pool of trades in quite the same way anymore. As CNBC first reported, Robinhood is no longer publishing how many customers held a particular stock, and the retail-trading app is also limiting access to its API. And as Dakin Campbell and Dan DeFrancesco learned, hedge funds were pinging other data providers within hours of hearing the Robinhood news to try to line s...
Tags: Google, Amazon, Facebook, Asia, Wall Street, Softbank, Disney, US, Trends, Bank Of America, Paypal, Hsbc, Pwc, Gm, Merrill Lynch, Manhattan


How California home prices hit record high despite coronavirus

It’s different this time. That’s what we’re told about real estate’s noteworthy resilience, which kept housing from falling into the pandemic economic’s quagmire and instead pushed California home prices to a record high in June. Yet my trusty spreadsheet, filled with three decades of home price data compiled by the California Association of Realtors, suggests it’s actually more of the same: A continuing upswing in a market filled with ups and downs. Two things likely contributed to the 2020 hom...
Tags: Business, Real Estate, News, California, Housing, Wall Street, California News, Sport, Soccer, Federal Reserve, Fed, Yuba, California Association Of Realtors, Housing Data, Top Stories LADN, Top Stories OCR


How safe is home shopping? It depends on the seller

How safe is home shopping? It depends on the seller Some homeowners take every precaution to keep the coronavirus from spreading. Others are more casual. I’ve never skinned a cat, but I’ve heard there are a number of different ways to do it. The same can be said of the sanitizing stations home sellers arrange for home tours. Here’s a sample of the different approaches I’ve come across. Nurse Nancy’s Place:  This home seller greeted me and my two buyers at her front door, with her face mask and g...
Tags: Business, Real Estate, California, Housing, Wall Street, Sport, Soccer, Harry, Nancy, Harriet, Leslie Sargent Eskildsen


Senator: Let’s stop another Wall Street takeover of California homes

By Nancy Skinner, Special to CalMatters The Great Recession sparked a massive transfer of wealth in California and the rest of the nation. It happened on courthouse steps around the country when an estimated 5 million U.S. families lost their homes due to foreclosure. Many of those foreclosed homes were sold in bulk at auctions, and for the first time, large numbers of single-family homes were snatched up by Wall Street firms. This corporate scheme led to Wall Street establishing a new and wildl...
Tags: Business, Real Estate, California, Housing, Wall Street, Senate, Sacramento, Sport, Soccer, United States, Berkeley, Blackstone, Black, Blackstone Group, Assembly, West Oakland


Is Zillow the next Amazon?

As the real estate technology company's market cap approaches $18 billion, analysts ponder what role Zillow will play in the world of technology giants.
Tags: Apple, Google, Amazon, Real Estate, Youtube, Wall Street, Tesla, Analysis, Radio, Ford, Zillow, Redfin, Market Cap, Keller Williams, Realogy, Spencer Rascoff


The stock market is this close to setting another record -- the shortest bear market in history

The S&P 500 could finish Tuesday at a new record high -- its first since the pandemic hit and exceeding its all-time high from February. That would mean it took Wall Street less than five months to go from nadir to new record, and the 2020 bear market would be the shortest in history.
Tags: Wall Street, Cnn


The stock market is about to set another record -- the shortest bear market in history

The S&P 500 is on track to end Tuesday at a new record high -- its first since the pandemic hit and exceeding its all-time high from February. That would mean it took Wall Street less than five months to go from nadir to new record, which would be the shortest bear market in history.
Tags: Wall Street, Cnn


Equifax's CTO walked us through a Google Cloud migration that's addressing security concerns, cutting $240 million in costs, and helping speed up new product launches

Bryson Koehler, chief technology officer for Equifax, detailed the digital transformation the consumer credit-reporting giant has undergone over the past two years. Equifax has put a "significant" amount of a $1.25 billion investment towards full adoption of the public cloud. Koehler said the firm has already decommissioned 10 data centers and is on pace to save $240 million. Visit Business Insider's homepage for more stories. It took Bryson Koehler all of two weeks to realize what changes he...
Tags: Google, Amazon, Microsoft, Wall Street, US, Trends, Paypal, Deutsche Bank, Ibm Watson, Ibm, Cto, Citi, Equifax, Bryson Koehler, Koehler, Google Cloud


GM Muses Spinning Off EV Operations to Better Court Investors

One of the strangest anomalies in the automotive industry is the way electric vehicle startups (like technology companies in general) seem to draw limitless support from investors while established automakers don’t receive nearly the same kind of love — even when transitioning toward EVs. There’s a logic behind this, however. Green tech is overwhelmingly trendy at […] The post GM Muses Spinning Off EV Operations to Better Court Investors appeared first on The Truth About Cars.
Tags: Wall Street, General Motors, Tesla, Green, Electric Vehicles, Mary Barra, Gm, Autos, Mark Fields, Investors, Tech Companies, Nikola, News Blog, Tech Startups, EV startups, Blank Check


Pre-pandemic inventory lifts Zillow’s iBuyer as company rides ‘tailwinds’

The online real estate giant brought in $768 million during the second quarter of 2020 while setting a new traffic record with 2.5 billion visits to its website.
Tags: Real Estate, Wall Street, Analysis, Radio, Earnings, Zillow, Industry News, Markets & Economy, Select, Rich Barton, Pandemic, Premier Agent, Allen Parker, iBuyer, Ibuying, Coronavirus


A JPMorgan-backed personal finance app catering to children has doubled users this year. Now it's eyeing ways to let kids play the stock market.

Greenlight, the personal financial management app for kids and parents, has seen its user base double since the start of the year. With this growth, Greenlight is building an investing product, where kids can propose stock and ETF trades to their parents. "To build true wealth, you really need to learn how to invest," Tim Sheehan, cofounder and CEO of Greenlight, told Business Insider. "So we want the kids to try to learn that as early as they can, and to do it in a supervised environment." Gr...
Tags: Wall Street, Trends, Atlanta, Jp Morgan, Goldman Sachs, Will Smith, Robinhood, Jpmorgan, Greenlight, Yahoo Finance, Sheehan, Tim Sheehan, Business Insider Greenlight, JPMorgan Chase Relay Ventures, JP Morgan Parents


Electric truck maker Lordstown Motors is going public

Electric truck maker Lordstown Motors is the latest company to find a ticket to ride to Wall Street through a merger with a blank check company.
Tags: Wall Street, Cnn, Lordstown Motors


Mark Zuckerberg said there's 'no end in sight' for when employees will be able to return to the office and called the government's response to the coronavirus 'disappointing' (FB)

Mark Zuckerberg said there's "no end in sight" for when Facebook employees will return to the office.  On a call with analysts Thursday following Facebook's second-quarter earnings report, Zuckerberg said he expects the rest of the year to be "unpredictable" and called the US government's response to the coronavirus "disappointing."  Facebook initially planned to start sending employees back to the office on July 6, but never confirmed it had pushed back its reopening date. Google, which also ...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, California, North Korea, Wall Street, US, Trends, Tim Cook, Jeff Bezos, Anthony Fauci, Sundar Pichai, Zuckerberg, House Judiciary Committee, Facebook Google Apple


Big Tech's blockbuster earnings undermine their arguments to Congress that they aren't that big

The four big tech giants announced blockbuster earnings on Thursday, just a day after testifying before the Congress on anticompetitive behaviour. Facebook, Amazon, Google and Apple added an additional $230 billion in market value. Analysts warn that while there may be tougher times ahead for these companies, their business is far from reaching its peak.  Visit Business Insider's homepage for more stories. Four of the biggest tech companies in the world – Amazon, Apple, Google and Facebook – ...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, UK, Congress, Wall Street, US, Trends, Walmart, Asia Pacific, Tim Cook, Deutsche Bank, Sundar Pichai, Alphabet


Moving at ‘breakneck speed,’ Redfin posts unexpected revenue growth

The tech-oriented brokerage revealed Thursday that revenue in the second quarter of 2020 was up 8 percent year-over-year.
Tags: Wall Street, Radio, Venture Capital, Earnings Report, Earnings, Redfin, Industry News, Markets & Economy, Brokerage, Select, Pandemic, Chris Nielsen, Ibuying, Coronavirus, COVID-19, Coronavirus Pandemic


Amazon reports second quarter earnings after the bell (AMZN)

Amazon reports its second quarter earnings on Thursday after the bell. Wall Street expects a jump in revenue but a cut in profits from last year. Amazon likely saw a huge increase in sales, as more people shopped online during the pandemic, but could report thin profits after having pledged to spend all of its expected quarterly profits on COVID-related expenses. Visit Business Insider's homepage for more stories. Amazon is reporting its second quarter earnings results on Thursday after the b...
Tags: Amazon, Wall Street, America, Trends, Jeff Bezos, Amazon Web Services, Congressional, GAAP, FactSet, AMZN, COVID


Alphabet beat Wall Street expectations in second-quarter earnings, but couldn't save the company from its first revenue decline in history (GOOGL)

- Alphabet has announced its second-quarter earnings for 2020, slightly beating Wall Street expectations. But it wasn't enough to save the company from its first ever revenue decline. The company reported an overall 2% drop in revenue, not including traffic acquisition costs. Cloud was one of the brightest spots for Google, seeing a 43% year-on-year boost. Visit Business Insider's homepage for more stories. Google's second-quarter results are in, revealing a slight beat on Wall Street expectat...
Tags: Google, Youtube, Wall Street, Trends, Bloomberg, Alphabet, Ruth Porat, GAAP, Google Cloud, Waymo


The 31 top power players helping CEO Evan Spiegel run Snap

Snap has come back after a string of troubles in 2018. The credit goes to cofounder and CEO Evan Spiegel and the top executives who are helping him chart out the next phase of the company's growth. From chief business officer Jeremi Gorman to chief strategy officer Jared Grusd, here's a who's who of Snap's new leadership team. Visit Business Insider's homepage for more stories. Snap has charted a successful comeback. The company's botched redesign, increased competition, a plateauing user bas...
Tags: Google, Amazon, Facebook, UK, London, Supreme Court, Australia, Youtube, Stanford, Wall Street, Ipo, Singapore, India, US, NFL, Trends


GM beats Wall Street expectations for Q2 earnings even as coronavirus hits revenue hard (GM)

GM lost far less money than Wall Street expected for the coronavirus-devastated second quarter.  The carmaker said that vehicle sales in the quarter declined 34% compared with a year ago. North American operations achieved a "near breakeven," the company said in a statement. Visit Business Insider's homepage for more stories. GM reported second-quarter earnings on Wednesday before the markets opened, and the automaker beat Wall Street analysts' expectations by a generous margin. The automaker...
Tags: Facebook, Wall Street, US, Trends, Gm, North America, Havana, GAAP, Dhivya Suryadevara, Suryadevara


Apple's iPhone 12 is in a battle with the coronavirus. On Thursday, Apple will give a big clue about who won. (AAPL)

Apple will report its fiscal third-quarter earnings on Thursday, many analysts are already fixated on the company's next major iPhone launch expected for the fall. That launch will serve as a better indicator of the company's long-term performance and value rather than recent quarterly financials given the economic impact and uncertainty caused by the coronavirus pandemic. As has been the case in recent quarters, some analysts see Apple's services business as being a potential bright spot in i...
Tags: Apple, Facebook, Wall Street, US, Trends, Bloomberg, Tim Cook, Cupertino, Munster, Aapl, Davidson, Ives, Apple Apple, RBC Capital Markets, Gene Munster, Wedbush Securities


Amazon said it would spend all $4 billion of its Q2 profits on COVID-19 responses. Wall Street still expects a profitable quarter. (AMZN)

Amazon reports its second-quarter earnings on Thursday. Wall Street expects Amazon to report a profitable quarter, even though the company warned it would spend all of the $4 billion in expected operating profit in COVID-19-related initiatives. The bullish forecast is backed by strong sales growth and the continued expansion of Amazon's high-margin businesses, like its cloud and advertising segments. Visit Business Insider's homepage for more stories. In April, Amazon said it planned to spend...
Tags: Amazon, Wall Street, Trends, Aws, Jeff Bezos, Morgan Stanley, Jefferies, Rbc, Davidson, GAAP, FactSet, AMZN, Tom Forte, COVID


10 Ways to Invest $100 on Wall Street

You don’t need a specific amount of money to start investing on Wall Street. Whether you have a lot or a little, there are plenty of ways to begin buying stocks while building up a diverse financial portfolio that sets you up for a successful retirement. Some people start investing with as little as $1, while others are looking to buy shares that total $100,000.  Below are the top 10 ways to invest a single $100 bill on Wall Street as recommended by financial experts. It’s time to turn that ca...
Tags: Wall Street, Sales, More, Ira, Roth, Robo, ROTH IRA, Index Funds Buying


Kudlow Keeps Spewing COVID-19 Happy Talk Amid Surging Cases: ‘Very Positive’ On Economic Recovery

White House economic adviser Larry Kudlow on Sunday kept up with his tradition of spewing happy talk on COVID-19 by baselessly touting that the economy would grow later this year despite coronavirus cases continuing to surge nationwide. Kudlow — who falsely claimed at the beginning of the COVID-19 pandemic in March that COVID-19 was “contained” and later attempted to walk back his remark by arguing that “facts were contained” at the time — said that he doesn’t believe that jobless claims will ...
Tags: Florida, News, Wall Street, White House, Cnn, California Texas, Larry Kudlow, Kudlow, Summer Concepcion, TV Clip, Coronavirus, COVID-19


Intel plunges 18% after saying its next-generation chips will come out 6 months later than expected (INTC)

Intel reported quarterly earnings on Thursday that beat Wall Street expectations for revenue and earnings per share. But the company also said the release of its next-generation chips would be delayed by six months. Shares of the company fell as much as 18% Friday.  The company also gave a weaker-than-expected third quarter guidance.  Watch Intel trade live on Markets Insider.  Read more on Business Insider.  Shares of Intel plunged as much as 18% Friday to $49.50 per share after the compan...
Tags: Wall Street, Trends, Intel, INTC, Donald Trump, Bernstein, Advanced Micro Devices, Bob Swan, Watch Intel, Jason Tauber


Goldman Sachs and Malaysia Agree to 1MDB Settlement

The deal settles charges against the Wall Street bank for its role in helping to raise hundreds of millions of dollars for a sovereign wealth fund that was used as a personal piggy bank.
Tags: News, Wall Street, United States, Malaysia, Goldman Sachs, Goldman Sachs Group Inc


Jobless Claims Rise As Cutoff Of Extra $600 Benefit Nears

WASHINGTON (AP) — The nation got another dose of bad economic news Thursday as the number of laid-off workers seeking jobless benefits rose for the first time since late March, intensifying concerns the resurgent coronavirus is stalling or even reversing the economic recovery. And an extra $600 in weekly unemployment benefits, provided by the federal government on top of whatever assistance states provide, is set to expire July 31, though this is the last week recipients will get the extra funds...
Tags: Europe, Congress, California, Washington, Wall Street, Senate, China, Ap, Tennessee, House, Arizona, Treasury, Donald Trump, South, Trump, Communist Party


Macquarie says it's betting on Microsoft, Dropbox, and 4 other stocks that are 'growing at a reasonable price' — or GARP — as market volatility sends other market caps soaring beyond their real value (MSFT, NOW, CRWD, PFPT, CHKP)

Investors should bet on the stocks of software companies that Wall Street refers to as GARP, or "growing at a reasonable price," analysts said Tuesday. They pointed to six top GARP bets: Microsoft, ServiceNow, Dropbox, Crowdstrike, Proofpoint, and Check Point. Amid rising fears of another tech bubble, they said the six software names were solid bets given their role in the work-from-home and school-from-home trends. "While we don't feel qualified that we can call the top of what looks like a b...
Tags: Microsoft, Wall Street, Trends, Zscaler, Shark Tank, Don, Macquarie, Microsoft Citrix, Sarah Hindlian, SecureDrop Claim, Calvin Patel


Here come Snap Q2 earnings... (SNAP)

Snap will report its Q2 2020 earnings after the markets close on Tuesday. Analysts are predicting Snap to see an increase in both user engagement and daily active users, which they estimate to be reported at 239.1 million. Digital advertising has seen substantial negative impact from the coronavirus pandemic, and Snap results could be a barometer for the future of the industry. Snap's ad business in Q1 2020 defied analyst expectations, and some analysts think it could see a boost in its ad bus...
Tags: Wall Street, Digital, Trends, Bloomberg, Jp Morgan, Silicon Valley, Snap