Kiss legend Gene Simmons isn’t just a god of rock and roll, he is also keen on investing in the stock market. “My belief is that as soon as Donald Trump takes power, and as soon as he lowers the amount of taxes that people on the street are going to have to pay, watch the 20,000 ceiling on the Dow break,” Simmons told TheStreet in an interview.
Day: January 7, 2017
Cable companies pushing to repeal internet privacy rules
Some of America’s biggest cable companies are asking the government to roll back a landmark set of privacy regulations it approved last fall — kicking off an effort by the industry and its allies to dismantle key internet policies of the Obama years. In a petition filed to federal regulators Monday, a top Washington trade group whose members include Comcast, Charter and Cox Communications argued that the rules should be thrown out.
Will Bots Finally Start To Grow Up In 2017?
The bots we saw in 2016 were tantalizing, but they’ll need another few years to begin to live up to expectations. Last year was big for bots, as the popular definition of the software application shifted in the public’s understanding.
Why Under Armour’s Kevin Plank And Golf Star Jordan Spieth Believe In Going For It
Under Armour CEO Kevin Plank has been inspired by the play and attitude of 23-year-old pro golfer Jordan Spieth . Kevin Plank has built Under Armour into a $5 billion business from a very modest start in the basement of his grandmother’s house.
Life Inside A Shenzhen Hardware Accelerator
China has a city built to help people make things. And startup founders from around the world are flocking to it.
Trump Said to Tell Confidant He Remains Opposed to AT&T Deal
Donald Trump remains opposed to the megamerger between AT&T Inc. and Time Warner Inc. because he believes it would concentrate too much power in the media industry, according to people close to the president-elect, who has been publicly silent about the transaction for months. Trump told a friend in the last few weeks that he still considers the merger to be a bad deal, said one of the people, who asked not to be identified because the conversation was private.
Distress Moving to Retail, Health Care as Energy Woes Fade
The combination of rising rates and a new political regime in the U.S. will bring about an uptick in corporate restructurings outside the energy space, creating new opportunities for investors in the riskiest parts of the debt market. That’s one of the conclusions from interviews with bond traders, bankruptcy lawyers, financial advisers and fixed-income analysts about the outlook for 2017.
Silicon Valley Cash Is Still Chasing Blood Despite Theranos Bust
Amid the collapse of Theranos Inc. last year, investors are betting that some of the disgraced blood-testing startup’s lofty medical goals might still have a kernel of promise — at other companies. Grail, a company backed by Bill Gates and Jeff Bezos, said on Thursday that it’s expecting to raise a record $1 billion on the promise of a blood test to detect early-stage cancer.
Four Ways To Earn Extra Money While Keeping (Or Preparing To Quit) Your Day Job
Imagine lying on a beach, sunlight hitting your face and sand between your toes. You grab your phone and check your bank balance to find that it’s increased $500 since sunrise.
EasyJet Slips Off Pace Set by Ryanair on Terror, Brexit Squeeze
EasyJet Plc’s passenger count increased at less than half the pace of its low-cost rivals last year as Europe’s second-biggest discount carrier struggled with its exposure to the British and French travel markets. Customer numbers increased 6.6 percent to 74.4 million in 2016, Luton, England-based EasyJet said Friday.
Barclays Trader Fired Amid FX Probe Is Second to Lose Suit
A Barclays Plc trader fired after disclosing confidential information to rivals and using “laddish” language in electronic chats has become the second currency trader to lose an employment lawsuit against the lender. Mark Clark, who joined Barclays’ G10 spot desk in 2010, used coded language to identify clients in chats where locker-room style conversations about sport and women were commonplace, judge George Foxwell said in a ruling made public Friday.
AT&T sees faster path for deal
AT&T Inc. and Time Warner Inc. said they can avoid having the Federal Communications Commission scrutinize their proposed merger, eliminating a significant hurdle in the path of the $85.4 billion deal, which has attracted criticism from President-elect Donald Trump. “While subject to change, it is currently anticipated that Time Warner will not need to transfer any of its FCC licenses to AT&T in order to continue to conduct its business operations after the closing of the transaction,” the companies said in a regulatory filing dated Thursday.
Goldman’s Donovan Said to Be Contender for Top Treasury Job
Goldman Sachs Group Inc. banker Jim Donovan is the front-runner to be President-elect Donald Trump’s pick for undersecretary of domestic finance, according to a person familiar with the decision. He’d be the fourth appointee with close ties to the investment bank tapped to serve in the administration.
Morgan Stanley Said to Cut Bonuses, Jobs for Equities Traders
Morgan Stanley, Wall Street’s biggest stock-trading firm by revenue, is cutting its global bonus pool for the equities division by as much as 4 percent and dismissing some employees after the industry’s results flagged last year, according to people with knowledge of the plans. The firm, which is set to pay annual bonuses next month, has been fine-tuning calculations for pay packages since November, according to the people, who asked not to be identified describing the deliberations.