• Trade war pause, retail sales, bank earnings – What to know in the week ahead
    Yahoo Finance

    Trade war pause, retail sales, bank earnings – What to know in the week ahead

    The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.

  • D. E. Shaw & Company: Top Holdings and Fears
    Market Realist

    D. E. Shaw & Company: Top Holdings and Fears

    David Elliot Shaw or D.E. Shaw is a prominent billionaire hedge fund manager and founder of the firm D. E. Shaw & Company.

  • Should You Avoid 58.com Inc (WUBA)?
    Insider Monkey

    Should You Avoid 58.com Inc (WUBA)?

    Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]

  • Barrons.com

    Why the Stock Market Cooled to the Latest Trade Move

    Investors are lukewarm on the latest twist in the China trade talks, and for good reason. One way to play the conflict

  • Alibaba, Trade Desk, JD, Roku Lead Tech Gains Today
    Market Realist

    Alibaba, Trade Desk, JD, Roku Lead Tech Gains Today

    Shares of tech companies Alibaba, JD.com, the Trade Desk, and Roku are up today. The broader indexes have also opened higher on trade talk optimism.

  • Yandex Hit as Kremlin Backs Limits on Foreign Stakes in IT Firms
    Bloomberg

    Yandex Hit as Kremlin Backs Limits on Foreign Stakes in IT Firms

    (Bloomberg) -- The Kremlin is backing a draft law to restrict foreign ownership of Russia’s largest internet company, Yandex NV, and other local tech firms on national security grounds, despite warnings from providers that it will harm their businesses.The presidential administration supports proposals by Anton Gorelkin, a United Russia deputy in the lower house of parliament, that would limit foreign ownership in “significant information resources” to 20%, according to three people with knowledge of the matter, who asked not to be identified discussing internal issues. Yandex fell 17% in U.S. trading Friday, its biggest decline in a year.“As global IT corporations are seeking a monopoly and conquering new markets, it’s essential that we retain national companies in this sphere,” Gorelkin said at public hearings on the draft law late Thursday. “If we say the invisible hand of the market will do everything by itself, then our technology companies may end up in the hands of larger corporations.”Kremlin spokesman Dmitry Peskov didn’t respond to a request to comment. The Bell online news service earlier reported that the Kremlin supported Gorelkin’s bill, which imposes the same limit on IT companies as the one on Russian media in a 2014 law signed by President Vladimir Putin.Yandex, which has expanded from Russia’s largest search engine to embrace services including taxis and food-delivery, has a free-float of 85% of its shares in the U.S. The draft law would hurt investments and restrict international development for Russian companies if passed in its current form, Yandex General Director Elena Bunina said at the hearings. Oleg Tumanov, founder of Russian online film and TV streaming service Ivi, said the proposed law would kill his company that’s been developing for a decade with help from foreign investors.“Yandex will be hit for a couple more days because of margin calls,” said Alexander Losev of Sputnik AM. “Investors are scared of any news about internet restrictions.”It’s up to the government to determine which companies would be covered by the legislation, though Yandex is likely to be among them, and it may choose to set a higher threshold in individual cases, Gorelkin said on the sidelines of the hearings.‘Good Prospects’The measure, which is being prepared for first reading in the lower house of parliament, “has good prospects,” Gorelkin said. It’s supported by the state communications watchdog, Roskomnadzor, and the Federal Anti-Monopoly Service, “while divisions with the Communication Ministry can be resolved in a working group,” he said.“This law is about national security. Data is the new oil,” said Igor Ashmanov, a government-linked IT expert who heads a company specializing in information technology. “What’s good about foreign investments? The Russian government is planning to spend billions to develop the digital economy.”While Yandex’s founder Arkady Volozh and some of its developers have a special class of shares that gives them voting control in the company, “if something happens - they leave the company or, god forbid, die - these rights disappear and Yandex turns into an American pumpkin,” Ashmanov said.(Updates prices, adds quote in sixth paragraph)\--With assistance from Yuliya Fedorinova, Alex Nicholson and Olga Voitova.To contact the reporters on this story: Ilya Arkhipov in Moscow at iarkhipov@bloomberg.net;Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Tony Halpin, Alex NicholsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Analysts Estimate Coca-Cola (KO) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Coca-Cola (KO) to Report a Decline in Earnings: What to Look Out for

    Coke (KO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • CCHGY vs. KO: Which Stock Should Value Investors Buy Now?
    Zacks

    CCHGY vs. KO: Which Stock Should Value Investors Buy Now?

    CCHGY vs. KO: Which Stock Is the Better Value Option?

  • salesforce to Fuel Esprit's Digital Transformation Journey
    Zacks

    salesforce to Fuel Esprit's Digital Transformation Journey

    salesforce's (CRM) cloud solutions will help Esprit to bring its ecommerce and marketing on a single platform. Moreover, its Success Cloud advisory services will accelerate Esprit's transformation.

  • American Airlines says it is negotiating partnership with Brazil's Gol
    Reuters

    American Airlines says it is negotiating partnership with Brazil's Gol

    American Airlines Group Inc said on Friday it is negotiating a possible partnership with Brazil's Gol Linhas Aereas Inteligentes SA . A spokeswoman said American is "always looking for potential partners", adding that these types of possible partnerships are a part of normal operations. Gol declined to comment.

  • Spirit (SAVE) Stock Up on Improved Q3 Unit Revenue View
    Zacks

    Spirit (SAVE) Stock Up on Improved Q3 Unit Revenue View

    Spirit Airlines (SAVE) expects fuel costs per gallon in third-quarter 2019 to be lower than what was projected earlier.

  • TheStreet.com

    Yandex Plunges After Kremlin Targets Foreign Investment

    Yandex warned lawmakers at parliamentary hearings on the proposal that it would crimp investment in Russian tech companies and hurt their expansion internationally.

  • Tencent Gets ‘Wakeup Call’ From China’s Assertions of Patriotism
    Bloomberg

    Tencent Gets ‘Wakeup Call’ From China’s Assertions of Patriotism

    (Bloomberg) -- Tencent Holdings Ltd. can’t get a break.The National Basketball Association, Activision Blizzard Inc. and now one of its most important portfolio companies, Fortnite proprietor Epic Games Inc., have all sparked political controversy at a time of increasingly assertive Chinese nationalism online.A tweet by an NBA executive expressing support for Hong Kong protesters drew the ire of Beijing, throwing into question the billions Tencent has invested in the U.S. sports league. Then Blizzard, partly owned by Tencent, banned a gamer for endorsing Hong Kong’s pro-democracy movement, triggering a boycott of the company’s games for its apparent kowtowing to China. Most recently, Epic Chief Executive Officer Tim Sweeney tweeted his disagreement with the Blizzard action, eliciting calls for a boycott of its Fortnite game among Chinese players incensed by the perceived slight.At stake for Tencent are billions of dollars in ad and subscription revenue, along with its entire strategy of becoming a go-to destination for NBA broadcasts. Tencent had almost half a billion basketball aficionados tune in last season. That audience is now in jeopardy after Tencent halted game broadcasts in the wake of the Hong Kong controversy.“It’s a big wakeup call for Chinese tech companies,” said Mark Tanner, founder of Shanghai-based research and marketing company China Skinny.Tencent had just inked a $1.5 billion, five-year deal to stream NBA games online in China. Its suspension of broadcasts followed a similar move by state-backed CCTV.Tencent uses the online streams to sell ads, and the gargantuan scale of the audience drives its marketing business, which is expected to be a key driver of Tencent growth going forward. To spruce up its investment, Tencent has been developing memorabilia, entertainment shows and video games based on the NBA.“Advertising of Tencent sports will likely take a hit. NBA is the star of Tencent sports, so it could cause a contract of Tencent’s advertising growth further,” said Michael Norris, a Shanghai-based research and strategy analyst at consultancy AgencyChina.NBA China Woes Threaten Billions of Dollars, Decades’ WorkA single tweet from the Houston Rockets’ general manager supporting Hong Kong’s protesters was enough to spark a chain reaction, including an abridged history lesson by Alibaba Group Holding Ltd. Vice-Chairman Joe Tsai, majority owner of the Brooklyn Nets. Alibaba has also yanked Rockets merchandise from its online stores, causing harm to both the NBA and Alibaba’s bottom line.After initially apologizing, the league went on to express its support for staff’s freedom of political expression via a statement by Commissioner Adam Silver. That sparked another round of fury in China, threatening to prolong the clash and the blackout.The Chinese company’s shares have held up well so far, despite warnings from analysts including Citigroup’s Alicia Yap that the streaming freeze will hurt Tencent’s media ad revenue -- particularly if it extends into the regular season.But there’s more trouble ahead: Tencent’s gaming portfolio is spurring controversy too. For years, the WeChat operator took a hands-off approach with the startups and studios across its empire, reaping the benefits of importing Western content and technology for a vast Chinese market. Now the two are increasingly at odds, and Tencent is beginning to realize the downside to its passive approach.Blizzard’s stern reprimand of the pro-Hong Kong player was popular in China, but drew outrage from the U.S. to South Korea. Online, gamers called for a boycott of the company and proudly posted their cancellations.Then Epic CEO Sweeney jumped into the crossfire, explicitly giving Fortnite players the green light to discuss politics. The game maker is 40% owned by Tencent, but Sweeney is the controlling shareholder.His statement earned accolades in the U.S., but was shunned in China. “Tencent why are you not holding your dog on a leash? They are biting you in your face,” one person wrote on Weibo. Tencent spokeswoman Jane Yip didn’t respond to a request for comment.With its investments in Epic and Blizzard, Tencent has its brand on the line -- but little control.“Never have we seen this policing of China companies being extended to subsidiaries,” said Norris. “And that’s what Tencent is having to grapple with.”Over the years, Tencent and Alibaba have worked hard to remain on the good side of Beijing, with Tencent recently launching a patriotic game called Homeland Dream in time for the People’s Republic of China’s 70th anniversary celebrations. Both have also been called out by name in Senator Marco Rubio’s letter to President Trump as examples of how Chinese companies are used as tools to help “coerce American companies and American citizens to bend to Beijing’s will.”With its growing exposure to international markets and regulation, Tencent finds itself in the middle of a maelstrom of political, economic and cultural grievances. Eight Chinese companies -- two of which are backed by Alibaba -- were this week placed on a U.S. blacklist for allegedly being involved in human rights abuses of a Muslim minority in China’s Xinjiang region. That follows the Washington government’s discussion about whether to restrict pension fund investments into China.Tencent and the rest of China’s technology companies now have to consider risks they’ve never faced before.“They’re realizing they may not have as many friends as they thought they had across the Pacific,” said Tanner of China Skinny.(Updates with shares from the 11th paragraph)To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Vlad Savov, Peter ElstromFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-India's Sept passenger vehicle sales dive 24% as slowdown persists

    NEW DELHI/BENGALURU, Oct 11 (Reuters) - India's passenger vehicle sales slumped 23.7% in September, the eleventh straight month of declines, prompting an industry body to flag more job cuts if sales failed to pick up soon. Passenger vehicle sales dropped to 223,317 units in September, the Society of Indian Automobile Manufacturers (SIAM) data showed, while passenger car sales dived 33.4% to 131,281 units. SIAM's data comes as the domestic automobile industry faces a crippling slowdown in demand that has led to production cuts and thousands of job losses.

  • Financial Times

    Yandex shares fall heavily as Russia mulls foreign ownership law

    Shares in Russian search giant Yandex fell more than 18 per cent on Friday on news of the Kremlin’s support for a law that would ban foreigners from owning more than 20 per cent of big tech companies.

  • Coca-Cola Q3 2019 Earnings Preview: Is KO Stock Due for a Selloff?
    Zacks

    Coca-Cola Q3 2019 Earnings Preview: Is KO Stock Due for a Selloff?

    With Q3 2019 earnings season set to heat up when the big banks start to report on Tuesday, October 15, it's time to see what investors should expect from Coca-Cola...

  • Were Hedge Funds Right About Piling Into NetEase, Inc  (NTES)?
    Insider Monkey

    Were Hedge Funds Right About Piling Into NetEase, Inc (NTES)?

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]

  • Alibaba (BABA) Gains But Lags Market: What You Should Know
    Zacks

    Alibaba (BABA) Gains But Lags Market: What You Should Know

    Alibaba (BABA) closed at $166.05 in the latest trading session, marking a +0.52% move from the prior day.

  • JD.com, Inc. (JD) Outpaces Stock Market Gains: What You Should Know
    Zacks

    JD.com, Inc. (JD) Outpaces Stock Market Gains: What You Should Know

    JD.com, Inc. (JD) closed at $28.58 in the latest trading session, marking a +0.7% move from the prior day.

  • Nasdaq CEO: Chinese IPOs are 'in our economic interest'
    Yahoo Finance

    Nasdaq CEO: Chinese IPOs are 'in our economic interest'

    Adena Friedman, the CEO of Nasdaq, said it is best for the U.S. to keep the door open to Chinese companies.