If casino mogul Steve Wynn is fired or has to step down as CEO of Wynn Resorts, there doesn’t appear to be a clear succession plan in place, management guru Jeffrey Sonnenfeld told CNBC on Friday. Shares of Wynn Resorts fell 10 percent on Friday after The Wall Street Journal […]
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People show huge interest in Robinhood Crypto, but skeptics worry it will just fuel the bubble
Just over 24 hours since no-fee stock trading app Robinhood announced it would roll out free digital currency trading in February, 530,000 and counting have signed up to “get early access.” That surge of interest has quickly brought out the critics: skeptics of bitcoin‘s skyrocketing price and Robinhood’s ability to […]
Coinbase investor explains why he’s bullish on blockchain but steering clear of ICOs
After leading Coinbase’s $100 million financing round last year, venture capitalist Todd Chaffee is closely eyeing other blockchain companies, but he’s less inclined to bet on cryptocurrencies. Coinbase is a crypto trading platform that provides a place for investors to store their digital currencies. According to a story earlier this […]
Tom Brady’s former backup will out-earn Brady for Super Bowl LII
Patriots quarterback Tom Brady may be bringing home another Vince Lombardi Trophy next Sunday, but his former backup, Jimmy Garoppolo, will bring home more cash. Garoppolo, who was traded to the San Francisco 49ers earlier this season, isn’t competing in Super Bowl LII. His new team didn’t even make the […]
Idaho’s bid to duck Obamacare: Old, sick customers could face costs 15 times higher than others
A bold bid by Idaho to become the first state in the nation to allow the sale of health plans that do not comply with key Obamacare rules could lead to the oldest, sickest customers facing prices up to 15 times the rates charged the youngest and healthiest in the […]
Alphabet is the most undervalued of the big internet companies, says analyst
Alphabet has “the most hidden value of all the mega-caps,” MKM Partners’ Rob Sanderson writes in a new note to investors. MKM reiterated its buy rating on Alphabet shares, in part because of the company could be poised for a large capital returns program. Recently passed tax reform could free […]
Here are the stocks UBS believes will benefit most from tax reform
Investors could see even more gains in 2018 thanks to underappreciated effects of tax reform, according to UBS analysts. “We believe changes to personal taxes will drive an increase in consumption, benefiting a variety of spending categories and demographic segments in the coming quarters,” Michael Lasser, analyst at UBS, wrote […]
Trump’s performance at Davos was calming, critics say
Attendees at the World Economic Forum in Davos were “ready to bite” as they filled the room on Friday in Switzerland to hear PresidentDonald Trump speak, but were surprised at what they heard. “President Trump pulled off something that I didn’t actually know was in his repertoire, which is he […]
Mueller’s staff has reportedly interviewed at least one Facebook worker
Special counsel Robert Mueller’s staff has interviewed at least one member of a Facebook team associated with President Donald Trump’s 2016 presidential campaign, according to a new report in Wired, which cited a person familiar with the matter. The interview was part of Mueller’s Department of Justice probe into Russian […]
Wall Street could face a #MeToo tsunami
Predictably, the #MeToo wave is slowly creeping back up on the shores of Wall Street. It started to gain more attention last month with Morgan Stanley’s decision to fire former Congressman Harold Ford. But it took a new and potentially explosive turn this week. A lawsuit filed by a fund […]