Billionaire investor Chamath Palihapitiya backs UK insurance start-up as it pivots from drones to cars

Venture capitalist Chamath Palihapitiya. Mark Kauzlarich/Bloomberg via Getty Images LONDON — On June 3, one of London’s hottest days of the year so far, Chamath Palihapitiya, an early Facebook executive turned tech investor, had lunch on the rooftop of The Ned hotel with the co-founders of insurance start-up Flock: Ed Klinger and Antton Pena. The … Read more

Top apparel stocks including Nike and Lululemon are ready to climb, Cowen says

A man walks past the Nike logo seen in a window of a brand store in Kiev. Pavlo Gonchar | LightRocket | Getty Images Some of the top names in the apparel space could be poised for big jumps as the impact of growing digital sales comes into focus, according to investment firm Cowen. Source … Read more

Barclays beats profit estimates and ups shareholder payments as equities, investment banking surge

Barclays and HSBC buildings are seen amid the outbreak of the coronavirus disease (COVID-19), in London, Britain October 20, 2020. Matthew Childs | Reuters LONDON — Barclays beat second-quarter profit expectations on Wednesday and boosted returns to shareholders, with its investment banking and equities businesses posting record incomes. The British lender posted a quarterly attributable … Read more

UBS warns that it’s not time to bottom fish in the Chinese markets yet

Investors looking for bargains in the Chinese market should beware as stocks there could see further losses, warns UBS Global Wealth Management’s Kelvin Tay. “I think there’s actually more room for this to actually run,” Tay, regional chief investment officer at the firm, told CNBC’s “Squawk Box Asia” on Wednesday. “I certainly don’t think this … Read more

Chinese stocks are now among Asia’s worst-performing as Beijing crackdown spooks investors

Investors watch computer screens at a stock exchange hall on July 13, 2020 in Nanjing, Jiangsu Province of China. Jiang Ning | VCG | Getty Images Days of heavy selling in Chinese stocks have left two major indexes in the country as the worst-performing markets of Asia-Pacific. At the close of regional markets on Tuesday, … Read more

Goldman says it’s time to buy the dip in stocks that have been hurt by the pandemic

A trader works on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters Economically sensitive stocks like energy and airlines led the recent pullback in the broader market, but they haven’t lost their luster, said Goldman Sachs’ top strategist, who is advising clients to buy the dip in … Read more

Bank of America names Zoom Video a top pick, says Five9 deal is a ‘game-changer’

Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom Video‘s first big acquisition will help it remain a major player in enterprise software in the years ahead, according to Bank of America. Source link

These stocks should benefit from rising inflation, ETF manager says

Rising inflation may threaten the market’s largest stocks, but it does have some potential beneficiaries. The Horizon Kinetics Inflation Beneficiaries ETF (INFL), which launched in January, identifies and groups those names to offer investors protection in inflationary environments, its co-portfolio manager James Davolos told CNBC’s “ETF Edge” this week. “The first thing we want to … Read more

Companies from Chipotle to Whirlpool are raising prices on consumers because of higher costs

A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Consumer brands from Chipotle Mexican Grill to Whirlpool are dealing with inflation by passing higher costs onto their customers through price hikes. Many companies that reported quarterly results in the past … Read more