Posts From Mark Cooper
Wall Street is suddenly hot—on coffee stocks. Dunkin’ shares have already risen 25% year to date, while Starbucks’ have risen 29%. Dunkin’ Brands Group got an upgrade on Monday by Wedbush Securities from a ‘neutral’ rating to ‘outperform.’ The company’s
Eldorado Resorts Inc. is buying Caesars Entertainment Corp. for about $ 8.58 billion in a deal backed by activist billionaire Carl Icahn that will create the largest U.S. gaming operator. The agreed equity value of $ 12.75 a share —
Blend has raised $ 130 million in new venture capital funding. The cash injection likely puts the San Francisco-based fintech startup within striking distance of “unicorn” status, meaning a private valuation of $ 1 billion or more. The terms of
With Facebook planning to roll out its own digital currency, U.S. regulators are expected to push back on the company as they grapple with how blockchain technologies should be regulated. Facebook’s announcement has already gained considerable interest from regulators across
Why Blockchain ‘Hype’ Needs to Stop
Hype—tons if it—has long infiltrated the blockchain and cryptocurrency space, and IBM blockchain general manager Marie Wieck, for one, would like it to end. “Stop the hype” with blockchain, she said at Fortune‘s Brainstorm Finance conference in Montauk, N.Y. on
ENERGY PRODUCERS have long had India over a barrel. It is the world’s third-largest oil importer, yet its pipeline density is a quarter of the global average. It aims to add 15,000km by 2022, awarding projects through strict online tenders.
The Apple Card—Apple’s hotly anticipated credit card collaboration with Goldman Sachs—is due to debut this summer. But, as Fortune’s Adam Lashinsky pointed out to Goldman Sachs’ Harit Talwar on stage at the Brainstorm Finance conference in Montauk, N.Y., today, “It
The insiders want their money out. Many Tesla outside investors and analysts have been jumping ship from the “quagmire” some see the company having become, as Fortune previously reported. But it’s not just them. Some Tesla insiders—directors and current and
For the first time, overseas companies are being allowed to list on a Chinese stock exchange—though none have as yet said they are ready to take the plunge. Specifically, large companies that have already been listed in the U.K. for
The stocks of strong corporate citizens generally outperform their rivals over the long term. For socially conscious investors, that raises a chicken-and-egg question: Do companies that perform well by ESG measures (or the practice of evaluating and screening companies based