Shares of DraftKings jumped 8% on Wednesday after the company said Michael Jordan is joining the betting company as a special advisor.
Schlagwort-Archiv: CNBC
Tesla’s largest outside shareholder cuts holding, citing portfolio restrictions on surging stock
Baillie Gifford has reduced its position in Tesla to below 5% but said it intends to „remain significant shareholders for many years ahead.“
Swiss regulator starts enforcement proceedings against Credit Suisse over spying scandal
Swiss watchdog FINMA said Wednesday it had initiated enforcement proceedings against Credit Suisse over the spying affair that came to light last year.
U.S. financial firms like Citi and BlackRock make inroads into the Chinese market
Citi says has become the first U.S. bank to receive a domestic fund custody license from the Chinese regulator, while New York-based global asset management giant BlackRock gained approval last month to establish a local subsidiary.
Tesla’s largest outside shareholder cuts holding, citing portfolio restrictions on surging stock
Baillie Gifford has reduced its position in Tesla to below 5% but said it intends to „remain significant shareholders for many years ahead.“
Macy’s swings to a loss, but shares rise as stronger-than-expected online growth boosts sales
Macy’s said its second-quarter digital sales were up 53% from a year ago.
China’s baby boomers are set to retire, triggering a sharp shift in health-care trends
A massive cohort of baby boomers in China will be retiring in the coming years are spending in ways that are different compared to today’s retirees, according to a Credit Suisse report.
Market bulls and bears are having trouble as ‚unlimited‘ Fed support short circuits models
Investors — even market bulls — who are trying to figure out what will break the market’s momentum are just about at a loss for arguments.
Women-managed funds are outperforming as tech exposure pays off, Goldman finds
Higher relative exposure to tech names like Amazon, Apple, Microsoft and Tesla has led to greater returns for women-led mutual funds this year, according to Goldman Sachs.
Tesla jumps 12% as stock split takes effect, Apple gains 3%
Apple and Tesla rose sharply on Monday, the first day of their stock splits.