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Netflix, Inc. has plans to make its service available to movie-crazy Indians, but, like in other emerging markets, it won’t be easy for two reasons. First, as we all know, a majority of Indians do not have a habit of paying to watch online. And, the second is rising local competition. Eros planning Netflix rival Kishore…
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Jim Cramer considers General Electric Company , Dow Chemical Co and RR Donnelley & Sons Co , as three solid stocks that got mindlessly beaten down on Monday. Market sell-offs create panic in the minds of investors. Nothing can escape from the downward spiral. But the hysteria eventually evaporates and reason returns. It is then…
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Twitter Inc is in the doldrums again on Wednesday morning as the firm remains silent in its hunt for a new CEO and a plan that will allow itself to get back into the good graces of the market. Doug Kass, Founder and head of Seabreeze Partners, says a change is imminent, at least according…
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The price of crude oil is at a six-year low, and big oil stocks like ConocoPhillips and Total SA (ADR) are finally cheap enough to consider nibbling. That’s what Citigroup analyst Alastair Syme told clients in a briefing. This was Citi’s first bullish assessment of energy stocks since the start of 2011. Markets in the…
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If the rumor mill is right, Apple Inc. is going to launch the iPhone 7 on September 9. We’ve seen plenty of leaks, including info from carriers in the UK, Germany and Japan, that appear to confirm that date. It’s not just the iPhone 7 release date that has been leaked, however, we’ve also seen plenty…
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Alibaba Group Holding Ltd ’s lower-than-expected revenue was the key talking point of Wednesday. Many on Wall Street failed to take notice of the Chinese giant’s bullish plans for its film segment, Alibaba Pictures. The TV and film arm of Jack Ma’s firm announced some major changes to its structure as it seeks to expand…
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SPDR Gold Trust (ETF) had a nice bump yesterday after the index closed with gains of 1.40% at $107.75. The gains contrast sharply with weak global demand for gold in the second quarter and it is unlikely that the ETF will keep yesterday’s gain in today’s session. CNBC reports that the global demand for gold…
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Yahoo! Inc. shares were set to open strongly lower on Wednesday as the firm’s shares in Alibaba Group Holding Ltd , the asset that traders put most value on, continue to do poorly amid a storm in China. Alibaba released its earnings for the three months through June on Wednesday morning. The firm’s failure to…
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Alibaba Group Holding Ltd , Cisco Systems, Inc. and Macy’s, Inc. will release quarterly results on Wednesday. Here’s what investors can expect: Alibaba Group Holding Ltd Alibaba is all set to report fiscal first quarter results before the start of U.S. trade on Wednesday. The mood on Wall Street is not very upbeat, with analysts…
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Apple Inc. will introduce the iPhone 7 soon. Tech fans, along with Wall Street investors, are anxious to find out what this next iteration of iPhone from Cupertino will look like. The iPhone 7 is expected be the very best that Apple has ever made. Apple has been quiet about what we can expect from the iPhone 7 but…
