Posts belonging to Category USA

What the Disney-Fox deal means for Marvel

Super attractive  streaming service

Imagine finding Luke Skywalker, Captain America, Moana, the X-Men and the Na’vi of Pandora all housed in one streaming service. That’s what a Disney streaming service could look like now that the company is buying up most of< 21st Century Fox in a $52.4 billion deal.

The deal puts Fox’s movie studio, 20th Century Fox, under the Disney umbrella, bringing with it the studio’s intellectual property. Having 20th Century Fox’s “X-Men” and “Avatar” under the same roof as Disney’s “The Avengers” and “Star Wars” could have huge ramifications in both the streaming world and the film industry. Disney announced in August that it will pull its content from Netflix, effectively ending its relationship with the streaming service to start its own in 2019. This means Netflix users will no longer be able to watch content from Lucasfilm, Marvel, Pixar and Disney Animation.… Fri., 15  December 2017

Americans keep waiting for bigger paychecks

The increase in wages remains frustratingly low given the health of the overall job market

Average hourly earnings rose 2.5% over the past 12 months. That’s a slight improvement from the 2.4% increase the government reported for October. Still, it remains below the 3% increase that most economists (not to mention workers) would like to see. People are finding jobs. That’s not the problem. The economy added 228,000 jobs last month and the unemployment rate remained at 4.1% — its lowest level since December 2000.… Wed., 13  December 2017

The Fed has no plans for its own cryptocurrency — at least for now

Fed is paying attention to research on blockchain

The Federal Reserve isn’t planning on launching its own digital currency — at least for now. While speaking at an event at Arizona State University on Wednesday, the president of the Federal Reserve Bank of San Francisco, John Williams, said the Fed is not working on its own digital currency, according to Reuters reporting.

But the Fed is paying attention to research on blockchain, the technology underpinning bitcoin, the news wire said.

Sharp comeback in confidence for Argentima

Wall Street’s bulls are rushing to the land of gauchos

Larry Fink says he “came away more confident than ever” on Argentina after spending two days in New York this month with the nation’s leaders. Fink is the CEO of BlackRock, which manages $5.7 trillion, the most of any firm in the world.

He’s far from alone. American investors poured a net $1.2 billion into Argentine stocks and funds between January and October, 12 times more than they did during the same period just two years ago, according to EPFR, a Boston-based firm that tracks fund flows. It’s also four times more than last year.…  Tue., 28  November 2017

Walmart is coming back

Walmart stocks rising

Former J.C. Penney CEO Ron Johnson has been bullish on Walmart since at least February, when he appeared on “Fast Money” and called the big box retailer’s rally.Now, with Walmart stocks rising and the company investing in technology, Johnson said Amazon should be getting worried. CEO and founder Ron Johnson thinks Amazon should be really worried about competitor Walmart, but could fight back with another big acquisition.…  Mon., 27  November 2017

Tencent: China’s social media giant is worth more than Facebook

Tencent is Now Worth $500 Billion and More Than Facebook

Tencent (TCTZF) has become the first Chinese tech firm valued over $500 billion. Shares of the 19-year-old company, listed on the Hong Kong Stock Exchange, hit record numbers on Tuesday, rallying to close at HK$430 to give it a market capitalization of some $522 billion—about $3 billion above Facebook’s closing valuation of $519 billion Monday. According to CNBC, Alibaba (BABA), Asia’s second-highest-valued firm and the closest rival to Tencent, comes in at a valuation of $474 billion, making the tech company the first from China to reach the landmark valuation.

Until now, membership in the half-a-trillion-dollar club belonged exclusively to American tech giants–Apple, Alphabet, Facebook, Microsoft and Amazon. Entry to the club for the company that’s little known in the West comes a week after it posted a profit of 18 billion RMB ($2.7 billion) on revenue of 65.2 billion RMB ($9.8 billion) for Q3 2017.…  Thu., 23  November 2017

Uber paid $100K ransom after 57M accounts were hacked

Company paid hackers $100,000 to delete info, keep quiet

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps, which included a $100,000 payment to the attackers.

Compromised data from the October 2016 attack included names, email addresses and phone numbers of 50 million Uber riders around the world, the company told Bloomberg on Tuesday. The personal information of about 7 million drivers was accessed as well, including some 600,000 U.S. driver’s license numbers. No Social Security numbers, credit card information, trip location details or other data were taken, Uber said.…  Wed., 22  November 2017

Surprise! Shares of IBM Can Rise 35%

The share IBM is cheap

Century-old IBM (ticker: IBM) has a product history that spans from punch-card tabulators to cloud analytics software, but over the past five years, it has been busy manufacturing disappointment on Wall Street. A remarkable 16 of the company’s past 20 quarterly financial reports have triggered one-day stock declines, averaging 4.5%. It’s a wonder that shares have lost only 28% of their value over that stretch.

Now it’s time to buy. No, really. Three reasons: The shares are cheap. They pay a lot. And the main factor that has been pushing them lower is about to reverse. In short, investors could make 35% over the next year.…  Mon., 20  November 2017

Walt Disney interested by 21st Century Fox

John Malone: Walt Disney/21st Century Fox deal woul benefit both sides

Liberty Media Chairman John Malone thinks a Walt Disney purchase of some 21st Century Fox assets makes sense and would benefit both sides. “To me, it’s a logical thing for them to be studying,” Malone said at the Liberty Media annual investor meeting.

“Of all the guys in the studio business, Disney is the most unique in the sense that it owns its IP on its most important entertainment product,” Malone said. “So if you think that whole structure is going to be under stress, why wouldn’t the Murdochs want to put their stuff in and ride along in something that they’d help make bigger scale and that has this protective element of intellectual property ownership?”…  Fri., 17  November 2017

The Biotech IPO Boom Will Continue

More biotech companies to go public in the coming months

Last week early-stage biotech companies Apellis and InflaRX both went public, raising $150 million and $100 million respectively. The Wall Street debut of Erytech Pharma is expected to raise $100 million.

That will bring the biotech IPO tally for 2017 to 30 so far—handily outpacing the final tally for 2016 of 26. The amount of money raised in biotech IPOs this year is more than $1.9 billion, again surpassing last year, when biotechs raised $1.7 billion.

The environment is ripe for more biotech companies to go public in the coming months, predicted Nelson Griggs, president of Nasdaq Stock Exchange, and Jordan Saxe, senior managing director and head of healthcare capital markets at the exchange, in an interview. Here are edited excerpts from our conversation.…  Mon., 13  November 2017