Markets

admin August 14, 2018

As Elon Musk seeks to take Tesla private, a Chinese rival is getting ready to go public in the United States. Electric car startup Nio wants to raise $1.8 billion by listing its shares on the New York Stock Exchange, according to documents it filed Monday. Nio, founded in 2014, already has some deep-pocketed investors, […]

admin August 14, 2018

Carl Icahn has given up on his attempt to sabotage Cigna’s takeover of Express Scripts. The activist investor had called on other Cigna (CI) shareholders to vote against the $67 billion deal. He argued that the health insurer is massively overpaying for a “highly challenged” Express Scripts (ESRX), which faces existential risks. But Icahn’s push […]

admin August 13, 2018

It’s not easy being a Papa John’s franchise lately. Sales have plunged since former CEO and chairman John Schnatter — the original Papa John — created a PR crisis for the company. But now Papa John’s (PZZA) is helping out its struggling restaurant owners. The company announced late Friday that it was planning to cut […]

admin August 13, 2018

Apple may soon have some company in the trillion dollar club. Amazon is worth about $940 billion. Shares of Amazon popped 2% Monday to hit a new all-time high. The stock only needs to go up another 7% for the Jeff Bezos-led company to top a trillion dollar market valuation. Amazon (AMZN) is firing on […]

admin August 13, 2018

Click chart for more premarket data. 1. Crisis in Turkey: The Turkish lira plunged as much as 11% to a record low against the dollar before recovering some losses in volatile trading. The currency had already plummeted more than 20% last week as a political clash with the United States intensified and authorities in Turkey […]

admin August 13, 2018

Turkey’s currency nosedived again Monday as fears deepened about the country’s ability to deal with a crisis that has rattled markets around the world. The Turkish lira dropped as much as 11% against the dollar in morning trading in Asia. It had already plummeted more than 20% last week as a political clash with the […]

admin August 12, 2018

1. Shop until you drop: The economy is booming because unemployment is low and people are spending more of their paychecks at Walmart, Macy’s, Home Depot and a bunch of other retailers that report earnings this week. Consumer spending accounts for more than two-thirds of the American economy, and there’s no better indicator for how […]

admin August 12, 2018

Amazon, Facebook and Google dominate the tech news headlines. But investors shouldn’t forget about IAC — the internet conglomerate that owns controlling stakes in Angie’s List, Match, Tinder, Vimeo and a bunch of other popular sites and networks. CNNMoney spoke with the CEOs of both IAC (IAC) and ANGI Homeservices (ANGI) to get their take […]

admin August 12, 2018

Chipotle’s latest idea to woo customers back: Bacon. The company will test both applewood smoked bacon and nachos in some cities this fall. Chipotle is working to win customers back after a series of health scares during the past few years — most notably an E.coli outbreak in late 2015 that made 60 customers in […]

admin August 12, 2018

Investors have serious doubts about Elon Musk’s plan to take Tesla private. In two days, the stock has erased the 8.6% gain that followed Musk’s surprise announcement on Twitter that he had secured funding to take the electric car maker off the public market. That includes a 4.8% drop on Thursday. “The number one issue […]