shares Archive

U.S. stocks poised to pull back as caution sets in ahead of Fed speakers

U.S. stocks were poised for a cautious open on Thursday, ahead of a round of appearances by Federal Reserve officials and important energy-supply data that could set the direction for investors. Against a backdrop of mostly weaker global markets, Dow Jones Industrial Average futures YMZ5, -0.06% slipped 34 points to 17,621. Those for the S&P [&hellip

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A lot of big startups got written down by Fidelity

Fidelity’s recent 25% writedown of its stake in disappearing photo-app Snapchat sent shockwaves through the tech industry. But Snapchat is not the only highly-valued company to get cut down to size and have its value slashed by the mutual fund. Zenefits, Dataminr, and Blue Bottle Coffee Co were all marked down by Fidelity in the [&hellip

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Apple’s stock sinks on concern about slowing growth

Shares of Apple Inc. sank 3.2% on Tuesday after Credit Suisse lowered its earnings estimates on the iPhone maker. And Doug Kass, president of money manager Seabreeze Partners Management, reminded investors that Apple AAPL, -3.15% is facing slowing earnings and revenue growth in an article in which he said he’s maintaining his short position, wagering [&hellip

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Activist shareholders were busier and more aggressive than ever in 2015

Source photo Activist shareholders have been busier and more aggressive than ever in 2015, in a move that may cheer the shareholders of target companies but dismay the owners of their debt. There were 178 public campaigns in the year through Oct. 15, up from 165 in the same period a year ago, according to [&hellip

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Oil prices drop after U.S. inventories rise

Crude oil prices fell on Wednesday after industry data showed an increase in U.S. stockpiles, and as analysts said that U.S. output had been surprisingly resilient in the face of lower prices. Benchmark U.S. crude futures slipped to a two-week low at $43.55 a barrel in early trading before trimming losses to trade down 59 [&hellip

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Goldman Sachs is ditching its BRIC fund

Fourteen years after coining a term that came to define emerging-market investing, Goldman Sachs has ditched the BRICs. The firm is merging its BRIC fund — which invests in Brazil, Russia, India, and China — with a broader emerging-markets fund, according to a September SEC filing first reported by Bloomberg. “Over last decade emerging market [&hellip

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A letter gives a rare glimpse into one of the world’s most secretive — and most successful — hedge funds

There are two types of investing, according to the departing partner of hugely successful and secretive hedge fund Baupost Group: “needle in a haystack investing” and “tide comes in and tide goes out investing.” One type takes rigorous work as you search for a small number of opportunities. The other, “chutzpah.” The partner, Brian Spector, [&hellip

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Xchanging says Apollo Global drops out of takeover race

Source photo Insurance-focused outsourcing company Xchanging Plc said U.S.-based private equity firm Apollo Global Management LLC had dropped out of a race to potentially acquire the company. Xchanging, which offers services ranging from back-office invoice processing to insurance claims settlement, said Apollo Global had informed the company that it was no longer interested in potentially [&hellip

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What to watch for in Lumber Liquidators’ earnings

Source photo Lumber Liquidators Holdings Inc. is slated to reveal third-quarter results on Wednesday, before the stock market opens. Investors will be waiting to see whether the troubled hardwood-floor company LL, +1.43% can finally break its string of disappointing results, and support the recent stabilization in the stock. That would help deflect some of their [&hellip

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Airbnb dodged a bullet in its hometown

Airbnb has survived what could have been a huge blow to its business in San Francisco. Proposition F, a local ballot measure that was seen as a threat to Airbnb in its hometown, has failed. The measure would have curbed the number of days a person can rent on the Airbnb platform — capping both [&hellip

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