Nvidia Shares Fall 7% on Short-Seller's Warning
Shares of Nvidia Corp., whose upward trajectory made it one of the best performers in the S&P 500 this year, fell 7% on Wednesday after a noted short seller warned on its Twitter account that the stock was overvalued. Citron Research, known for its reports targeting companies it believes are overvalued, sent a tweet at roughly 9 a.m. Eastern time with a text attachment listing six weaknesses of the stock “that NVDA (Nvidia)...>> view originalToshiba Falls by Record as Ratings Cut on Looming Writedown
Toshiba Corp. plunged by the most on record in intraday trade after the company’s credit ratings were cut following an announcement it may write down billions of dollars of an acquisition made by U.S. unit Westinghouse Electric.The shares fell as much as 26 percent, the most since 1974, according to available data, to 232 yen in Tokyo on Thursday. The stock plunged a day earlier after Toshiba issued a statement saying that while the final writedown was yet to be determined, it would affect earn..>> view originalWhat it means if Trump names China a currency manipulator
WASHINGTON — President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House. There’s only one problem - it’s not true anymore. China, the world’s second-biggest economy behind the United States, hasn’t been pushing down its currency to benefit Chinese exporters in years. And even if it were, the law targeting manipulators requires the U.S. spend a year negotiating a solution before it can retaliate. Trump spent much of the campaign blaming China’..>> view originalTrump Takes Credit for Sprint Plan to Add 5000 Jobs in US
Video Trump Says Sprint Is Bringing Back Jobs President-elect Donald J. Trump said that Sprint would be adding 5,000 jobs in the United States, while OneWeb, a start-up, would be adding 3,000. By THE ASSOCIATED PRESS. Photo by Kevin Hagen for The New York Times. Watch in Times Video » President-elect Donald J. Trump took credit on Wednesday for a decision by Sprint to add 5..>> view originalHead of Japan's Biggest Ad Agency Resigns After Suicide of Overworked Employee
The president of Dentsu (dntuy), Japan's largest advertising agency, will step down over the "death by overwork" of a young employee, a suicide which has prompted official probes and fresh hand-wringing over Japan's overtime culture.Matsuri Takahashi, a promising graduate of Japan's top university, leapt to her death in December 2015, leaving behind a trail of grievances over relentless days. She clocked 105 hours of overtime in October 2015, before becoming depressed.Her death, deemed by the g..>> view originalSuspicious Kate Spade trade nets investor a quick $320000
Minutes before Dow Jones reported that Kate Spade is exploring a sale of its business, one options trader purchased nearly 2,000 calls in the accessories label — resulting in a quick $320,000 profit. According to CNBC "Fast Money Halftime Report" trader Jon Najarian, thousands of Kate Spade's call options were purchased at 12:23 p.m. ET Wednesday — roughly 10 minutes before headlines of a potential sale hit. A call gives the buyer an option to purchase assets at an already agreed-upon pri..>> view originalDelta Air Lines cancels order for Boeing 787 Dreamliners
Like this topic? You may also like these photo galleries:AutoplayShow ThumbnailsShow CaptionsLast SlideNext SlideDelta Air Lines won’t be flying Boeing’s 787 Dreamliners after all.In a move that had been widely expected, Delta announced on Tuesday it had reached an agreement with Boeing to cancel an order for 18 Dreamliners. Delta inherited the order via its 2008 merger with Northwest.“Delta is one of the world’s largest operators of Boeing aircraft and our valued partnership with Boeing will re..>> view originalGlobal Stocks Down After Wall Street Slip
Global stocks retreated in the penultimate trading session of the year as a setback on Wall Street rippled overseas. Japanese stocks posted their steepest loss since the day after the U.S. election, while the Stoxx Europe 600 fell 0.3% Thursday from its highest close in 2016, and London’s FTSE 100 index dipped 0.2% after notching an all-time high. The moves followed a pullback in the U.S. on Wednesday, when the Dow Jones...>> view originalThis Giant 'Trump Rooster' Is Going to Be Part of China's New Year Celebrations
Donald Trump will be ringing in the Lunar New Year in China on Jan. 28, 2017. Not in person, though — but rather in the form of his likeness, interpreted as a cartoon rooster statue in northern China. The statue sprang up earlier this week outside a shopping mall in the city of Taiyuan, Shanxi province, according to Radio France Internationale’s Chinese-language division. From that hairstyle to the hand gestures (“O.K.” on the left, an index finger pointing outward on the right), as well as t..>> view originalChina Turns to $503 Billion Rail Expansion to Boost Growth
China Turns to $503 Billion Rail Expansion to Boost Growth Bloomberg News December 28, 2016, 10:50 PM EST December 29, 2016, 1:56 AM EST China plans to spend 3.5 trillion yuan ($503 billion) to expand its railway system by 2020 as it turns to investments in infrastructure to bolster growth and improve connectivity across the country.The high-speed rail network will span more than 30,000 kilometers (18,650 miles) under the proposal, according to details re..>> view original
Monday, January 9, 2017
Nvidia Shares Fall 7% on Short-Seller's Warning and other top stories.
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