Carl’s Jr. Is Trying to Sell Itself To Amazon Through Tweets, for $1.7 Billion?
Let’s hope that Jeff Bezos likes cheeseburgers. Carl’s Jr., the fast food franchise known for its smutty ads, is mooching on Amazon.com, Inc. (AMZN – Get Report) to acquire it through a series of facetious tweets starting early Monday morning, Oct. 9. Along with sister chain Hardee’s, the hamburger-and-hot-dog brand could be worth about $1.7 billion, per […]
SoftBank Billion-Dollar Investment into Uber Hits Potential Snag
Benchmark Capital, one of Uber’s largest shareholders who has previously sued its former CEO Travis Kalanick, has declined to waive its right of first refusal over the upcoming tender offer. Less than a week after ride-hailing firm Uber Technologies Inc. cleared the way for a significant investment by SoftBank Group Corp. (SFTBY) , a potential […]
Third-quarter earnings seen as ‘an easy beat,’ could set up more stock market records
The third quarter may not be a blowout like the most recent earnings season, but it is still seen as a reason to be bullish The U.S. stock market has been in a seemingly endless uptrend, and there is reason to think that won’t end anytime soon, as the next big trading catalyst should […]
The Federal Reserve Will Be Useless During Next Recession, Peter Schiff Warns
With interest rates near zero for so many years and the slow pace of the Fed’s normalization policy, the central bank is low on dry powder to stimulate the economy during the next downturn, according to Peter Schiff. Veteran market expert Peter Schiff, CEO of Euro Pacific Capital, isn’t pleased with the Federal Reserve’s […]
HelloFresh to Sell $353 Million of Stock in Frankfurt IPO
More HelloFresh SE , the unprofitable meal-kit startup owned by Rocket Internet SE, plans to sell as much as 300 million euros ($353 million) of stock in an initial public offering to finance expansion even after U.S. rival Blue Apron Holdings Inc. flopped in its IPO. HelloFresh will sell new shares to raise 250 million euros to […]
Americans Face a Rising Risk of Dying Alone
Loneliness kills. Life without friends and family is not just dreary but difficult, especially as we get older. Strong social relationships boost a person’s chances of staying alive by 50 percent, according to a comprehensive 2010 review of 148 studies that followed 309,000 people for an average of 7.5 years. That’s about the same improvement to mortality as the […]
Environmental groups denounce Trump override of climate plan
A coalition of left-leaning states and environmental groups are vowing to fight the Trump administration’s move to kill an Obama-era effort to limit carbon emissions from coal-fired power plants. Speaking Monday in the coal-mining state of Kentucky, Environmental Protection Agency Administrator Scott Pruitt said he would be issuing a new set of rules overriding the […]
Cypress CEO seeks to rise from ashes of fight with predecessor
Cypress Semiconductor Corp. A Programmable System-on-Chip from Cypress Semiconductor Corp. A few months after a bruising battle with its founder and longtime chief executive, Cypress Semiconductor Corp.’s current CEO, Hassane El-Khoury, is finding coherence in the renovated yet battle-scarred company that remains. El-Khoury, formerly a top executive in the automotive division at Cypress CY, +0.13%became CEO of the […]
Blue Light Cystoscopy Increases Bladder Cancer Detection Rate
Before we discuss this major technology shift, we need to add an important footnote: the company we discuss, Imagin Medical Inc. (CSE: IME OTC: IMEXF), just announced approval of human testing for their product. See the news release:(1) We add this note because the news is not widely known and puts the company at a completely […]