‘Curse of Amazon strikes again’: What experts are saying about the tech giant’s Deliveroo deal

Amazon just bought a stake in a major competitor to food delivery giants like UberEats and Just Eat, and experts have some theories as to the logic behind the deal and what it means for the e-commerce giant. “The curse of Amazon strikes again,” said Russ Mould, investment director at brokerage firm AJ Bell. Mould says the technology titan could be looking to compete with food delivery services by buying into an established player like Deliveroo. Amazon had previously tried to enter into the spac


Amazon just bought a stake in a major competitor to food delivery giants like UberEats and Just Eat, and experts have some theories as to the logic behind the deal and what it means for the e-commerce giant. “The curse of Amazon strikes again,” said Russ Mould, investment director at brokerage firm AJ Bell. Mould says the technology titan could be looking to compete with food delivery services by buying into an established player like Deliveroo. Amazon had previously tried to enter into the spac
‘Curse of Amazon strikes again’: What experts are saying about the tech giant’s Deliveroo deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: ryan browne
Keywords: news, cnbc, companies, uk, tech, saying, deliveroo, shareholders, eat, experts, giants, food, firm, service, strikes, ubereatsthe, deal, amazon, curse, delivery


'Curse of Amazon strikes again': What experts are saying about the tech giant's Deliveroo deal

Amazon just bought a stake in a major competitor to food delivery giants like UberEats and Just Eat, and experts have some theories as to the logic behind the deal and what it means for the e-commerce giant.

“The curse of Amazon strikes again,” said Russ Mould, investment director at brokerage firm AJ Bell. “The online giant is now so dominant the mere mention of its entry into a new industry can leave incumbent companies and their shareholders quaking with fear.”

Mould says the technology titan could be looking to compete with food delivery services by buying into an established player like Deliveroo. Amazon had previously tried to enter into the space with its own food delivery service in the U.K. called Amazon Restaurants, which shuttered late last year amid competition from Just Eat and UberEats.

The impact on Just Eat’s share price following the announcement of the Amazon-led round in Deliveroo was punishing. The stock was last trading 8% lower on the London market, as shareholders digested the news. Uber shares, meanwhile, fell 2% in early trade.

Deliveroo raised $575 million from the fundraising in total, but did not disclose how much of that came from Amazon. The London-based firm said it would use the funding to grow its engineering team in the U.K. capital and expand its reach to offer its service to new customers.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: ryan browne
Keywords: news, cnbc, companies, uk, tech, saying, deliveroo, shareholders, eat, experts, giants, food, firm, service, strikes, ubereatsthe, deal, amazon, curse, delivery


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Cramer: These are the two numbers that gave Trump confidence to hit China with new tariff threat

“I’m also told that they are like, ‘Are you kidding me, you had a full year to move out of China. If you didn’t move out of China now, it’s your own fault,'” Cramer said on “Squawk on the Street. ” “My people I talk to said two numbers determine everything, 3.2% GDP and 3.6% unemployment. They overplayed their hand given the numbers of what we have” on the economy in the United States, Cramer said. Cramer pointed out the continued weakness in Dow stocks that would be most impacted by an escalati


“I’m also told that they are like, ‘Are you kidding me, you had a full year to move out of China. If you didn’t move out of China now, it’s your own fault,'” Cramer said on “Squawk on the Street. ” “My people I talk to said two numbers determine everything, 3.2% GDP and 3.6% unemployment. They overplayed their hand given the numbers of what we have” on the economy in the United States, Cramer said. Cramer pointed out the continued weakness in Dow stocks that would be most impacted by an escalati
Cramer: These are the two numbers that gave Trump confidence to hit China with new tariff threat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, gave, trade, tariff, apple, confidence, cramer, china, dow, numbers, stocks, saying, didnt, hit, overplayed, trump, threat


Cramer: These are the two numbers that gave Trump confidence to hit China with new tariff threat

People are saying that American companies that didn’t reduce their China exposure after months and months of watching Washington and Beijing clash on trade have only themselves to blame, CNBC’s Jim Cramer reported Tuesday.

“I’m also told that they are like, ‘Are you kidding me, you had a full year to move out of China. If you didn’t move out of China now, it’s your own fault,'” Cramer said on “Squawk on the Street. ”

“My people I talk to said two numbers determine everything, 3.2% GDP and 3.6% unemployment. That’s when things changed. In other words, the Chinese played a little tougher but they overplayed their hand is what my people say. They overplayed their hand given the numbers of what we have” on the economy in the United States, Cramer said.

“I am saying 12:01 Friday will be different,” added the “Mad Money” host, referring to the midnight deadline later this week that President Donald Trump set for increases in China tariffs from 10% to 25% if trade talks don’t make progress.

U.S. stocks opened sharply lower Tuesday on trade concerns. The Dow Jones Industrial Average on Monday was off as much as 471 points but was able to recoup much of those losses by the close.

Cramer pointed out the continued weakness in Dow stocks that would be most impacted by an escalation in the trade war, including Apple, Caterpillar and Boeing.

“So who’s hurting the Dow?” asked Cramer. “Boeing, but they have a lot of orders. Caterpillar, they didn’t move out fast enough. Apple, who knows what their game is.”

Correction: Apple shares fell Monday. An earlier version misstated their move.


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, gave, trade, tariff, apple, confidence, cramer, china, dow, numbers, stocks, saying, didnt, hit, overplayed, trump, threat


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Here’s what Wall Street is saying about Trump’s tariff threat and what it means for investors

President Donald Trump and China’s President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017. Wall Street strategists urged calm after the latest threats from President Donald Trump after a series of tweets Sunday afternoon. Trump warned that tariffs on on $200 billion worth of Chinese goods could rise to 25% on Friday. Some analysts differed as to whether President Trump’s tweets were really a negotiating tactic. “The timing of the threat sug


President Donald Trump and China’s President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017. Wall Street strategists urged calm after the latest threats from President Donald Trump after a series of tweets Sunday afternoon. Trump warned that tariffs on on $200 billion worth of Chinese goods could rise to 25% on Friday. Some analysts differed as to whether President Trump’s tweets were really a negotiating tactic. “The timing of the threat sug
Here’s what Wall Street is saying about Trump’s tariff threat and what it means for investors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: michael bloom
Keywords: news, cnbc, companies, tariff, heres, wall, trade, negotiating, street, means, investors, strategists, threat, saying, president, china, talks, trumps, tariffs, tweets, leverage, trump


Here's what Wall Street is saying about Trump's tariff threat and what it means for investors

President Donald Trump and China’s President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017.

Wall Street strategists urged calm after the latest threats from President Donald Trump after a series of tweets Sunday afternoon. Trump warned that tariffs on on $200 billion worth of Chinese goods could rise to 25% on Friday.

Stock futures are down more than 450 points.

“We think it is more likely that the increase will be narrowly avoided and believe the odds of tariffs increasing on Friday are 40%,” Goldman Sachs analysts said.

“Unless China walks away from the talks (which is not necessarily the same as Vice Premier Liu canceling his trip but rather having no talks at all), we do not expect an escalation of trade tensions into a trade war,” Citi said.

Some analysts differed as to whether President Trump’s tweets were really a negotiating tactic.

“The timing of the threat suggests it is a tactic designed to increase leverage going into final trade negotiations,” UBS said.

But Raymond James wasn’t so sure.

“Based upon our conversations with our trade contacts, there appears to be a universal belief that this is not negotiating leverage, but what was almost a done deal last week, has derailed in recent days,” wrote analyst Ed Mills in a note to clients.

Here’s what strategists say about the U.S. China tariff feud.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: michael bloom
Keywords: news, cnbc, companies, tariff, heres, wall, trade, negotiating, street, means, investors, strategists, threat, saying, president, china, talks, trumps, tariffs, tweets, leverage, trump


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Jeffrey Gundlach slams Democratic Presidential candidates: ‘I say short them all’

Jeffrey Gundlach speaking at the 24th Annual Sohn Investment Conference in New York on May 6, 2019. Jeffrey Gundlach is not shy when it comes to ridiculing the Democratic presidential hopefuls. “Now, Joe is grabbing the spotlight … but no, Joe, I don’t want your hands on my shoulders,” Gundlach said Monday from the Sohn Conference in New York. With a photo of Yang on the screen wearing a hat saying “math,” Gundlach said Yang “isn’t even good that math,” and most Americans don’t like math. “I s


Jeffrey Gundlach speaking at the 24th Annual Sohn Investment Conference in New York on May 6, 2019. Jeffrey Gundlach is not shy when it comes to ridiculing the Democratic presidential hopefuls. “Now, Joe is grabbing the spotlight … but no, Joe, I don’t want your hands on my shoulders,” Gundlach said Monday from the Sohn Conference in New York. With a photo of Yang on the screen wearing a hat saying “math,” Gundlach said Yang “isn’t even good that math,” and most Americans don’t like math. “I s
Jeffrey Gundlach slams Democratic Presidential candidates: ‘I say short them all’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: yun li
Keywords: news, cnbc, companies, candidates, month, slams, joe, gundlach, presidential, saying, warren, sohn, yang, say, jeffrey, york, math, short, democratic


Jeffrey Gundlach slams Democratic Presidential candidates: 'I say short them all'

Jeffrey Gundlach speaking at the 24th Annual Sohn Investment Conference in New York on May 6, 2019.

Jeffrey Gundlach is not shy when it comes to ridiculing the Democratic presidential hopefuls.

The so-called bond king and DoubleLine Capital CEO first fired shots at former Vice President Joe Biden, who last month announced his presidential bid amid accusations by several women that he touched them in ways that made them feel uncomfortable.

“Now, Joe is grabbing the spotlight … but no, Joe, I don’t want your hands on my shoulders,” Gundlach said Monday from the Sohn Conference in New York. He added Biden’s touching reminds him of the college game “Space Invaders.”

Gundlach also made fun of entrepreneur Andrew Yang’s proposal to give Americans a check of $1,000 every month, saying the recipients would also include one of the richest people in the world Jeff Bezos.

With a photo of Yang on the screen wearing a hat saying “math,” Gundlach said Yang “isn’t even good that math,” and most Americans don’t like math.

Gundlach went on throwing shade at former U.S. congressman from Texas Beto O’Rourke, calling him a “snowflake” and saying his real name is Robert. Senator Elizabeth Warren also didn’t escape from Gundlach’s scathing critique. He called Warren “the mother-in-law from hell.”

“I say short them all,” Gundlach said referring to all the Democratic candidates he mentioned.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: yun li
Keywords: news, cnbc, companies, candidates, month, slams, joe, gundlach, presidential, saying, warren, sohn, yang, say, jeffrey, york, math, short, democratic


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Attorney General William Barr criticizes special counsel Robert Mueller for not saying whether Trump obstructed justice

Attorney General William Barr criticized special counsel Robert Mueller on Wednesday for refusing to make a decision about whether his Russia investigation showed that President Donald Trump committed an obstruction of justice offense. A spokesman for the special counsel declined to comment. “This threatens to undermine a central purpose for which the Department appointed the Special Counsel: to assure full public confidence in the outcome of the investigations.” “He was very clear with me that


Attorney General William Barr criticized special counsel Robert Mueller on Wednesday for refusing to make a decision about whether his Russia investigation showed that President Donald Trump committed an obstruction of justice offense. A spokesman for the special counsel declined to comment. “This threatens to undermine a central purpose for which the Department appointed the Special Counsel: to assure full public confidence in the outcome of the investigations.” “He was very clear with me that
Attorney General William Barr criticizes special counsel Robert Mueller for not saying whether Trump obstructed justice Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: kevin breuninger
Keywords: news, cnbc, companies, obstructed, president, counsel, justice, report, general, trump, saying, criticizes, special, william, mueller, attorney, told, obstruction, muellers, robert, barr


Attorney General William Barr criticizes special counsel Robert Mueller for not saying whether Trump obstructed justice

Attorney General William Barr criticized special counsel Robert Mueller on Wednesday for refusing to make a decision about whether his Russia investigation showed that President Donald Trump committed an obstruction of justice offense.

In his first public testimony since the release of a redacted version of the Mueller report, Barr repeatedly delved into semantic squabbles with the panel’s Democratic minority, intensifying Democrats’ calls for Mueller himself to testify and leading some of them to accuse Barr of being deliberately misleading.

During the Senate Judiciary Committee hearing Wednesday morning, Barr said that he believed the special counsel should have stated whether his 22-month probe found enough evidence to show whether Trump had committed an obstruction crime.

“I think if he felt that he should not go down the path of making a traditional prosecutive decision, then he should not have investigated,” Barr said.

“That was the time to pull up.”

Barr told Sen. Chuck Grassley, R-Iowa, that he and Deputy Attorney General Rod Rosenstein both believe it was Mueller’s responsibility to come to a decision on obstruction — “not just charging, but to determine whether or not the conduct was criminal,” Barr said, adding that “the president could not be charged as long as he was in office.”

Barr said he was “not really sure of” Mueller’s reasoning on the issue. But the Russia report notes that the Justice Department’s Office of Legal Counsel, or OLC, has set a precedent against indicting a sitting president. “This Office accepted OLC’s legal conclusion for purposes of exercising prosecutorial jurisdiction,” Mueller wrote in the report.

The Justice Department declined to comment beyond Barr’s remarks. A spokesman for the special counsel declined to comment.

The attorney general also questioned why Mueller investigated numerous instances of potential obstruction if he ultimately was not going to make a decision.

“The other thing that was confusing to me was that the investigation carried out for a while as additional episodes were looked into, episodes involving the president,” Barr said during questioning from Sen. Lindsey Graham, R-S.C. “So my question is or was why were those investigated if at the end of the day you weren’t going to reach a decision on them?”

Hours before Barr was set to face the lawmakers, news outlets reported that Mueller, in late March, sent a letter to Barr complaining about the attorney general’s initial four-page summary of the 448-page Russia report’s principal conclusions.

Barr, in that summary to congressional Judiciary committee leaders, said that the Mueller report found that neither Trump nor anyone associated with his 2016 campaign coordinated with the Kremlin. Barr also wrote that while Mueller’s report “does not exonerate” Trump on the question of whether he obstructed justice, Barr and Deputy Attorney General Rod Rosenstein determined that the evidence was “not sufficient” to establish an obstruction offense.

Mueller told Barr in the reported letter that the attorney general’s summary “did not fully capture the context, nature, and substance” of the full report.

“There is now public confusion about critical aspects of the results of our investigation,” Mueller continued. “This threatens to undermine a central purpose for which the Department appointed the Special Counsel: to assure full public confidence in the outcome of the investigations.”

In his testimony, Barr said that after receiving Mueller’s complaint, the special counsel told him in a phone call that he was actually frustrated with the way the media had covered Barr’s letter.

“He was very clear with me that he was not suggesting that we had misrepresented his report,” Barr said in his opening statement.

Barr’s testimony only heightened Democrats’ calls for Mueller to come before Congress and explain the report in his own words.

“I think it’s no wonder special counsel Mueller thought your four-page letter created public confusion about critical aspects of the results of the investigation and that that threatened to undermine the central purpose for which he was appointed,” said Sen. Chris Coons, D-Del. “I think we need to hear from special counsel Mueller.”

Sen. Amy Klobuchar, D-Minn., who is running for president in the 2020 election, told reporters during a midday break in the hearing that “you just see this repeated pattern of misleading, and you know, [Barr’s] job should be to get the truth out.”

Sen. Mazie Hirono, D-Hawaii, was more blunt.

“You lied to Congress,” Hirono told Barr in the hearing. “You should resign.”

Read Mueller’s letter to the attorney general:


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: kevin breuninger
Keywords: news, cnbc, companies, obstructed, president, counsel, justice, report, general, trump, saying, criticizes, special, william, mueller, attorney, told, obstruction, muellers, robert, barr


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Apple CEO Tim Cook: ‘I think every kid in the world should learn’ this skill

If you want to catch Apple CEO Tim Cook’s eye, you should brush up on your technical skills. Cook said coding is “the most important second language you can learn” at the TIME 100 Summit in New York City last week, Money reports. “I think every kid in the world should learn to code,” Cook said. He took over Apple from Steve Jobs in 2011, and since then the company’s market capitalization, or what it’s worth to investors, has more than doubled. “I’m saying like the basics of mathematics and histo


If you want to catch Apple CEO Tim Cook’s eye, you should brush up on your technical skills. Cook said coding is “the most important second language you can learn” at the TIME 100 Summit in New York City last week, Money reports. “I think every kid in the world should learn to code,” Cook said. He took over Apple from Steve Jobs in 2011, and since then the company’s market capitalization, or what it’s worth to investors, has more than doubled. “I’m saying like the basics of mathematics and histo
Apple CEO Tim Cook: ‘I think every kid in the world should learn’ this skill Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: alicia adamczyk
Keywords: news, cnbc, companies, yourselfcook, learn, skill, week, york, way, apple, worth, tim, world, kid, took, think, cook, saying, ceo


Apple CEO Tim Cook: 'I think every kid in the world should learn' this skill

If you want to catch Apple CEO Tim Cook’s eye, you should brush up on your technical skills.

Cook said coding is “the most important second language you can learn” at the TIME 100 Summit in New York City last week, Money reports.

“I think every kid in the world should learn to code,” Cook said. “Whether your passion is in science or the arts, it’s a way to express yourself.”

Cook knows what it takes to be successful. He took over Apple from Steve Jobs in 2011, and since then the company’s market capitalization, or what it’s worth to investors, has more than doubled.

“I’m not saying everyone needs to become a programmer,” he added. “I’m saying like the basics of mathematics and history, it’s a core skill that kids need to have.”


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: alicia adamczyk
Keywords: news, cnbc, companies, yourselfcook, learn, skill, week, york, way, apple, worth, tim, world, kid, took, think, cook, saying, ceo


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UBS downgrades PayPal, sees limited upside from Venmo

UBS downgraded PayPal to neutral from buy on Wednesday, saying the company’s popular peer-to-peer payment app Venmo has little to add. The bank said that even in its bull case scenario, Venmo would only add 2% to its earnings forecast through 2020. Venmo has become PayPal’s money maker since the acquisition in 2013, boosting its payment volume and commerce partnership. But UBS believes Venmo’s benefits are almost fulled priced in.


UBS downgraded PayPal to neutral from buy on Wednesday, saying the company’s popular peer-to-peer payment app Venmo has little to add. The bank said that even in its bull case scenario, Venmo would only add 2% to its earnings forecast through 2020. Venmo has become PayPal’s money maker since the acquisition in 2013, boosting its payment volume and commerce partnership. But UBS believes Venmo’s benefits are almost fulled priced in.
UBS downgrades PayPal, sees limited upside from Venmo Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, sees, paypal, saying, downgrades, upside, scenario, volume, peertopeer, priced, limited, payment, venmos, venmo, ubs, popular


UBS downgrades PayPal, sees limited upside from Venmo

UBS downgraded PayPal to neutral from buy on Wednesday, saying the company’s popular peer-to-peer payment app Venmo has little to add.

The bank said that even in its bull case scenario, Venmo would only add 2% to its earnings forecast through 2020. Venmo has become PayPal’s money maker since the acquisition in 2013, boosting its payment volume and commerce partnership. But UBS believes Venmo’s benefits are almost fulled priced in.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, sees, paypal, saying, downgrades, upside, scenario, volume, peertopeer, priced, limited, payment, venmos, venmo, ubs, popular


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Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.
Deutsche picks this video game maker as its top buy idea, sees 60% gain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, maker, universe, picks, stock, recommending, buy, gain, sees, 60, deutsche, valuation, thesis, saying, game, video, nintendo, idea, pick


Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.”

“We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, maker, universe, picks, stock, recommending, buy, gain, sees, 60, deutsche, valuation, thesis, saying, game, video, nintendo, idea, pick


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Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.
Deutsche picks this video game maker as its top buy idea, sees 60% gain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, maker, universe, picks, stock, recommending, buy, gain, sees, 60, deutsche, valuation, thesis, saying, game, video, nintendo, idea, pick


Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.”

“We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, maker, universe, picks, stock, recommending, buy, gain, sees, 60, deutsche, valuation, thesis, saying, game, video, nintendo, idea, pick


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Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates

Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates 2 Hours Ago | 02:46Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday. The latest policy decision came as the list of economists and business elite predicting a downturn grows. Speaking after the Fed’s decision, Powell said that weakening Chinese and European econom


Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates 2 Hours Ago | 02:46Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday. The latest policy decision came as the list of economists and business elite predicting a downturn grows. Speaking after the Fed’s decision, Powell said that weakening Chinese and European econom
Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: berkeley lovelace jr, scott mlyn
Keywords: news, cnbc, companies, fed, policy, fixed, rookie, rates, right, slowing, decision, mistake, path, powell, saying, cramer, cnbcs


Cramer: Powell fixed his 'rookie mistake' and is now on the right path with rates

Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates 2 Hours Ago | 02:46

Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday.

“I thought that Jay was great [Wednesday],” Cramer told “Squawk Box,” referring to Powell’s news conference at the conclusion of the central bank’s two-day policy meeting. “It’s not easy to start. You make your rookie mistakes, you come back. He’s a great guy. Anyone who knows him knows that he course corrected.”

The latest policy decision came as the list of economists and business elite predicting a downturn grows.

The Fed decided Wednesday to hold interest rates steady, as expected, and indicated it would keep rates at current levels for the rest of 2019. The central bank currently holds its benchmark funds rate in a range of 2.25 percent to 2.5 percent.

Speaking after the Fed’s decision, Powell said that weakening Chinese and European economies are acting as a deterrent to growth at home even as policymakers see the overall outlook in the U.S. as good.

Cramer agreed, saying the “economy is slowing,” earnings are downshifting and there are growth concerns in just about every part of the world.

Cramer has been critical of the Fed ever since Powell’s remarks on Oct. 3 that the cost of borrowing money was a long way from so-called neutral, sparking concerns about possibly more aggressive Fed tightening. Powell appeared to walk back those comments the following month, saying rates are “just below” the balance point of not stimulating or slowing the economy.

Powell later left the door open to other options, emphasizing “data dependency” and saying if data did not hold up in 2019, the Fed may change course.

Cramer said last month that he doesn’t see an economic recession, at least anytime soon. But when asked about what would cause the next recession, Cramer responded in part with, “Three [Fed] tightenings.”

The Fed did not immediately respond to CNBC’s request for comment on Cramer’s remarks.

— CNBC’s Jeff Cox contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: berkeley lovelace jr, scott mlyn
Keywords: news, cnbc, companies, fed, policy, fixed, rookie, rates, right, slowing, decision, mistake, path, powell, saying, cramer, cnbcs


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