An orthodontist uses a process called invisalign to straighten a patients teeth. Sammy Dallal | Getty Images | Digital First Media | Getty Images Shares of Align Technology, the company that makes Invisalign clear teeth aligners, plunged Thursday on the back of a dire warning about China and weaker-than-expected results. Align Technology CEO Joe Hogan
Investing
A UPS driver pushes a load of packages from his truck to a building in downtown Los Angeles, California, July 22, 2019. Mike Blake | Reuters Here are the biggest calls on Wall Street on Thursday: Credit Suisse upgraded AT&T to ‘neutral’ from ‘sell’ Following the company’s earnings results, Credit Suisse upgraded the stock but
David Einhorn speaking at the 24th Annual Sohn Investment Conference in New York, on May 6, 2019. Adam Jeffery | CNBC David Einhorn revealed new positions Thursday in three stocks: Chemours, Dillard’s and Scientific Games. Einhorn told Greenlight Capital clients the positions were added in the second quarter. He described the Chemours stake as “medium
The Pets.com sock puppet dog stars in a commercial for the company, Jan. 11, 2000, in Los Angeles. Bob Riha | Liaison | Getty Images Greenlight Capital’s David Einhorn, who successfully made bets against companies including Enron, is likening hot IPO Chewy to dot-com bubble poster child Pets.com. In his quarterly letter to clients, Einhorn
Justin Sun Yuchen, founder of Tron and CEO of BitTorrent, speaks during Ifeng Finance Summit at China World Summit Wing on November 4, 2015 in Beijing, China. (Photo by Jiang Xin/VCG via Getty Images) Jiang Xin | VCG | Getty Images Who would’ve thought Warren Buffett‘s charity lunch this year would involve kidney stones, a
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Here are the biggest calls on Wall Street on Friday: KBW upgraded Citi, Goldman Sachs, and Bank of America to ‘outperform’ from ‘market perform’ KBW said the three banks are best positioned to benefit from an “extended” economic cycle. “We are upgrading shares of Citigroup,
On Wednesday, a big trader, perhaps the infamous trader know as “Fifty Cent” (named for his/her propensity to buy VIX call options worth 50 cents), bought some 261,000 VIX calls at the August 21st expiry 20 strike calls. (The CBOE Volatility Index is called the stock market’s fear gauge, tracking the price of options on
A woman enters Bear Stearns headquarters in New York, March 14, 2008. Daniel Acker | Bloomberg | Getty Images A former trader at Scotia Capital and Bear Stearns pleaded guilty Thursday to a federal crime and admitted manipulating precious metals markets for nine years — the latest in a series of crackdowns in the commodities
A Dish Network field service specialist installs a satellite television system at a residence in Denver. Matthew Staver | Bloomberg | Getty Images Winning is good. Unless your prize is becoming a wireless company. Such is the case for Dish Network, which is expected to shell out $1.4 billion for T-Mobile’s prepaid mobile business and
A tourist poses with the Wall Street bull statue in the Financial District, August 21, 2018 in New York City. Drew Angerer | Getty Images If you’ve tired of reading reports about millennials, new research out Wednesday may be the last you’ll have to read because it suggests this generation has peaked. Along with this