Wall Street has never been so far behind on Netflix
(Reuters) – Netflix Inc’s 65 percent jump so far in 2018 has been so fast that Wall Street analysts earlier this week were as much as $60 behind the curve on a stock most say is a buy.
Rising cross-asset correlation shows more fuel for sell-off
(Reuters) – At a time when volatility in financial markets is creeping up on rising bond yields and fears of U.S trade protectionism, one modern leading indicator of trouble ahead suggests stock market losses could intensify going forward.
Bull market aging but still has juice to break record
NEW YORK (Reuters) – The bull market for stocks turned nine years old on Friday and, despite being long in the tooth, appears poised to set the record as the longest in history, buoyed by global economic growth and stronger company earnings.
‘Pharma Bro’ Shkreli to be sentenced for defrauding investors
NEW YORK (Reuters) – Martin Shkreli, the former drug company executive who made headlines by jacking up the price of a lifesaving drug before he was found guilty of defrauding investors, is scheduled to be sentenced on Friday.
Comcast and Murdoch in regulatory race for Sky approval
LONDON (Reuters) – Comcast’s gatecrashing of Rupert Murdoch’s eight-year campaign to buy pay-TV group Sky has sparked a regulatory race with 21st Century Fox .
Global shares set to end week back in black, caution ahead of payrolls
LONDON (Reuters) – World shares hit a one-week high on Friday before easing a touch, as caution ahead of jobs data in the United States outweighed a potential breakthrough in nuclear tensions over the Korean peninsula.
Japan’s Kobe Steel names Yamaguchi as president after data fraud
TOKYO (Reuters) – Japan’s Kobe Steel Ltd on Friday appointed the head of its machinery business as its new president and chief executive, looking outside its major steel division for leadership in the wake of a widespread data fraud scandal.
Toshiba expects to complete chip unit sale by June at latest: executive
YOKKAICHI, Japan (Reuters) – Toshiba Corp expects the sale of its $18 billion memory chip business to be completed by June at the latest, if not by an agreed deadline of the end of March, as it awaits antitrust regulatory approval from China.
Asia shares firm as Trump agrees to meet North Korean leader
SYDNEY (Reuters) – Asian shares pared sharp early gains on Friday ahead of U.S. payrolls data which could hasten Federal Reserve rate hikes, and as some caution set in about the new entente between North Korean leader Kim Jong Un and U.S. President Don…
Fox News settles gender discrimination suit with female reporter: lawyer
(Reuters) – Journalist Diana Falzone has settled a gender discrimination lawsuit she filed against Fox News and left the company, her lawyer said on Thursday.
