Month: January 2019

Wheels Up has hired bankers for “strategic initiatives” that could include acquisitions, the company’s CEO told CNBC. “We have hired advisors to assist us with our pursuit of strategic initiatives that include exploring acquisition opportunities and expansion of our digital platform,” Wheels Up CEO Kenny Dichter told CNBC in a statement Wednesday evening. “Our plan
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of the Mexico ETF. Steve Grasso was a buyer of General Electric. Dan Nathan was a buyer of PayPal. Guy Adami was a buyer of Sarepta Therapeutics. Trader disclosure: Tim Seymour is long AAPL, ACBFF, AMZA, ACB, APC,
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Celgene, which is being bought by Bristol-Myers Squibb, reported a better-than-expected fourth-quarter profit on Thursday, driven mainly by higher sales of psoriasis drug Otezla. Bristol-Myers agreed to buy Celgene for about $74 billion earlier this month, a deal that will expand its pipeline of cancer drugs as the company goes head-to-head against rival Merck &
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The last two times Amazon has reported quarterly results, revenue has fallen short of expectations. Now investors are facing the prospects of slowing growth at the e-commerce giant. Amazon is slated to announce fourth-quarter earnings after the bell on Thursday. Analysts surveyed by Refinitiv expect the company to report revenue growth of 18.8 percent from
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Economist Larry Summers has advised Democratic presidents, but he’s not ready to jump behind Democratic Sen. Elizabeth Warren’s proposed wealth tax. Warren, of Massachusetts, is a prominent voice in the party’s liberal wing and is exploring a run for president. Her proposal, which she is calling an ultra-millionaire tax, would apply to Americans with more
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After a barrage of mostly negative headlines in recent months, Facebook reports after the bell Wednesday. Despite the headwinds, analysts remain mostly bullish that the social media titan looks strong heading into the report where they’ll be watching for key metrics on ad revenue, privacy, and messenger integration. Facebook has come under tremendous pressure from
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On Facebook’s last earnings call in October, CEO Mark Zuckerberg spoke excitedly about the company’s growth opportunities in its Stories product, an important segue for investors who were focused on the disappointing revenue and user numbers. “I just think that this is the future,” Zuckerberg told analysts after the report. “The opportunity will be even
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If you’ve fallen victim to financial fraud, getting back the money you lost takes time — if it’s ever recovered at all. Take the latest developments with Woodbridge Group of Companies, a real estate investing firm that has been implicated, along with its former owner and related companies, for bilking 8,400 retail investors, many of
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Lockheed Martin shares slipped in premarket trading Tuesday after the defense giant reported fourth-quarter earnings that were just shy of Wall Street’s expectations. Earnings: $4.39 a share vs. $4.40 a share expected, according to analysts surveyed by Refinitiv. Revenue: $14.4 vs. $13.75 billion expected, according to analysts surveyed by Refinitiv. Lockheed Martin said it expects
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