The name Harry Markopolos might not mean much to you, but he’s the guy who first raised the alarm over Bernie Madoff’s Ponzi scheme in 2008. A self-confessed maths geek, he sent Wall Street's biggest conman to the slammer. Well, Mr Markopolos has a new target in his forensic accountant sights: GE (GE). He recently published a report claiming that GE’s accounting fraud is “bigger than Enron and WorldCom combined”. Um, that’s pretty big.
We’ve finally got the details on Disney’s (DIS) streaming play: last week CEO Robert Iger said its service would include Disney+ and bundle it up with Hulu and ESPN+ for just $12.99 per month, Hulu and ESPN Plus for $12.99 later this year. Hear that, Netflix (NFLX) and Amazon (AMZN)? Those are the winds of change, and they’re blowin’ on you.
Berkshire Hathaway (BRK) doubles down on its largest bank investment, a heatwave bakes Western Europe and investors recognise the opportunities in a greener economy and FANGS continue to be kings of the share markets.
Water shortages in the years ahead could make it a precious commodity and an opportunity for savvy investors. Also: Few retailers are performing as well as Lululemon Athletica (LULU) and how can investors benefit from the growth of AI?
This week: Friends and Netflix (NFLX) are breaking up, big tech is backing the gaming movement and Wall Street is fiiiiiine with Facebook’s $5 billion fine.
Are you accidentally investing in those controversial immigrant detention centres near the US border? Plus General Electric (GE) announces the end of their California gas plant, and StockX, who turn coveted consumer goods like sneakers into tradable commodities, is killing it.
Facebook’s (FB) latest cryptocurrency, Libra, creates buzz for digital currencies, Amazon (AMZN) is expanding its reach by going full steam ahead into air cargo service and Slack (WORK) went public through a direct listing last week, and Silicon Valley rejoiced.
BlackRock launches a new suite of products that allow you to invest in the megatrends of tomorrow, Trump predicts a major market meltdown if he loses the presidency in 2020, and the market is getting in on IPO action.
Beyond Meat (BYND) released its quarterly earnings revealing a 215% increase in net sales, people are saying that there’s a recession coming, and it’s been a month since Uber’s (UBER) underwhelming initial public offering.
May was a bit of a nightmare for the US share markets with the S&P 500 closing out the month with its biggest Trump, er, SLUMP, since May 2010. Also, it’s time to say goodbye to iTunes because Apple (APPL) iTunes is no more, and ring the alarm: Slack is going public on June 20.
We check out who’s putting their brand where the Bitcoin is, SpaceX successfully launched a batch of 60 satellites from Cape Canaveral and Facebook (FB) is launching cryptocurrency “GlobalCoin” in 2020
We’ve found 7 particularly cool Exchange-traded funds (ETFs, President Trump's China trade dramabomb causes yet another dip, and Amazon (AMZN) is leading a new $575 million series G preferred shared funding round in the UK’s Deliveroo
Uber (UBER) has a lot to celebrate, Jeff Bezos unveils his company Blue Origin’s vision for space colonization and Chris Hughes, Mark Zuckerberg’s former Harvard roommate, calls for the government to break up the social media company he helped co-found.
Facebook is getting hit with a fine between $3 billion and $5 billion for privacy violations, tweeting is the least of Elon’s problems, considering his company announced a $702 million loss in the first quarter of 2019 and Uber’s announcement that it’s looking for an IPO valuation of up to $90bn came with the added drama-bomb that PayPal (PYPL) is investing $500m in the company.
Publicly traded cannabis companies reporting strong sales, China’s Bytedance is the owner of the popular short-form video app, TikTok and we take a good look at Benjamin Graham.
Not satisfied with killing it at the box office, Disney (DIS) has a new streaming service, Disney+, Uber files to go public and dating app Tinder, with its 50 million users is now the most popular of them all.