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Why one Wall Street analyst doubts GameStop"s e-commerce turnaround plan, even with Ryan Cohen set to become chairman
GameStop's $16 price target from CFRA Research represents 91% downside potential from its current price of $177. Stephen Brashear/Invision for Nintendo/AP Images GameS.....»»
Charlie Munger"s Daily Journal reveals an Alibaba stake worth $37 million
Warren Buffett's right-hand man is the newspaper publisher's chairman. The Chinese e-commerce group is now its third-biggest holding. Warren Buffett and his business partner, Charlie Munger. REUTERS/Rick Wilking Daily Journa.....»»
Tesla shares jump after ETF manager boosts price target
Shares of Tesla Inc. jumped 4% on the first trading day after one of the company's biggest fans upped its price target considerably. ARK Invest, an active manager of exchange-traded funds.....»»
Dow set to stage biggest comeback in 2 months on Powell comments; Nasdaq attempts to erase 4% intraday skid
Stock-market investors appear to be picking up what Federal Reserve Chairman is putting down on Tuesday in Senate Banking Committee testimony and buying the dip w.....»»
How Huawei Landed at the Center of Global Tech Tussle: QuickTake
China’s biggest tech firm, Huawei Technologies Co., has risen to global prominence as a leader in 5G, the much ballyhooed, next-generation wireless technology. It’s also become a major target for the U.S., which has been trying to convince its .....»»
Target snaps up shipping tech from failed Silicon Valley startup Deliv
Digital sales and delivery have been one of Target Corp.'s biggest strengths in recent months, helping the retailer rise above the turmoil created by the Covid-19 pandemic. With a new acquisition, the retailer looks to be boosting that business ev.....»»
Target buys shipping tech company Deliv
Digital sales and delivery have been one of Target Corp.'s biggest strengths in recent months, helping the retailer rise above the turmoil created by the Covid-19 pandemic. With a new acquisition, the retailer looks to be boosting that business even.....»»
Goldman Sachs says Amazon"s stock will surge 20% from current levels, making it the new biggest bull on Wall Street (AMZN)
REUTERS/Lucas Jackson/File Photo In a note published Thursday morning, Goldman Sachs raised its Amazon price target to a street high $2,900, implying 20% upside from current levels. Goldman sees the e-comme.....»»
Virgin Galactic dealmaker defies IPO lull with $720 million blank-check deal
Virgin Galactic Holdings Inc Chairman Chamath Palihapitiya on Tuesday raised $720 million for a new blank-check company, 20% more than its original target, after the coronavirus crisis upended plans last month......»»
China"s top brokerage hires Vanguard ex-Asia boss for global drive
China's Citic Securities Co. , has hired Charles Lin, the former Asia head of Vanguard Group, to be vice chairman of Hong Kong unit CLSA, as the biggest Chinese securities company seeks to build up an international presence......»»
Founder of easyJet calls for CEO and chairman to go
The founder and biggest shareholder of easyJet said he would call for the removal of the low cost airline's chief executive and chairman in an escalation of his long-simmering row with management......»»
"Don"t Fight The Fed": Wall Street"s Former Biggest Bear Goes All In, Raises S&P Price Target To 3,000
"Don't Fight The Fed": Wall Street's Former Biggest Bear Goes All In, Raises S&P Price Target To 3,000 For much of 2019, Morgan Stanley's chief equity stra.....»»
UniCredit renews commitment to boosting shareholder returns: chairman
UniCredit remains strongly committed to increasing returns for investors in Italy's biggest bank, its chairman said, following a decision to suspend dividend payments and a share buyback to comply with supervisory guidance......»»
What comes after the coronavirus? Ask business futurist Cecily Sommers
Her clients include some of Minnesota's biggest companies, including UnitedHealth Group Inc., Mayo Clinic and Target Corp......»»
China"s Ucar, in which Luckin chairman is top shareholder, halts shares
China's Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned the car service provider about how the alleged fraud at Luckin would impact it......»»
Tesla"s biggest Wall Street bull slashes price target
"Obviously, much has changed for TSLA recently, and with that in mind we revise our model," Joseph Osha of JMP Securities wrote......»»
Marc USA postponing chairman"s 50th anniversary fete due to COVID-19 concerns
One of Pittsburgh’s biggest advertising agency is rescheduling the 50th anniversary celebration for its chairman due to concerns around the COVID-19 outbreak. Marc USA had planned to honor Tony Bucci, who started his career there as an intern, on .....»»
Sources: Blackstone in talks to take developer SOHO China private in $4 billion deal
Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market and which sent the target's shares to a 21-month high......»»
The Tell: Dalio said those who insured against coronavirus fallout could be ‘annihilated’
The co-founder of the world’s biggest hedge fund last month said he was more concerned about the wealth gap than the spreading coronavirus. Ray Dalio, the co-chief investment officer and co-chairman of Bridgewater Associates, is a bit more worried now......»»
Tesla has a new biggest bull on Wall Street that thinks it could surge 46% on strong growth potential (TSLA)
Reuters On Tuesday, JMP boosted its Tesla price target to $1,060, the highest on Wall Street and 46% above where shares traded at Monday's close.&n.....»»