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No ‘sound investor’ would want Elon Musk to remain CEO of Tesla, says former GM exec Bob Lutz

“I can’t imagine any sound investor who has money in the company or any independent board member would want him to remain as CEO in light of recent performance,” Lutz said on CNBC’s “Closing Bell.”” writes Chloe Aiello for cnbc.com. As much as it might be better for Tesla — and its stock price — were Musk to step aside as CEO, Eggers said, he’s not so sure Musk would be willing to stay on with the company in a secondary role. Source: cnbc.com Share This:

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Analysts are more bullish on Nvidia stock despite investor disappointment

“Nvidia said it expects third-quarter revenue of $3.19 billion to $3.32 billion, below the FactSet consensus of $3.34 billion” writes Reporter Editor for marketwatch.com. Nvidia Corp.’s fiscal second-quarter results and outlook disappointed investors, but it made Wall Street analysts even more bullish, as they brushed aside the surprise drop in cryptocurrency-mining sales and the softer outlook.That brought the number of bullish analysts surveyed by FactSet up to 21, and the number with the equivalent of hold ratings down to 12.One analyst upgraded the stock to the equivalent of a buy…

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Ongoing spat in Italy will hurt investor sentiment, economist says

“Italy is embroiled in a blame game that will ultimately discourage many international investors, an economist told CNBC Friday” writes Luca Zennaro for cnbc.com. “If this proceeds, it has long lasting effects on investor sentiment,” he said.The country’s political parties have apportioned blame for the disaster to, variously, previous governments, the European Union (EU), the road management company and even the mafia.Shares of its mother company Atlantia fell by as much as 23 percent on Thursday morning. Source: cnbc.com Share This:

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MoviePass investors tell horror stories of watching their stakes drop over 99%, with some losing more than $100,000

“E-Trade, which Ken used to buy shares, still allows its users to trade Helios stock” writes Nathan Mcalone for businessinsider.com. “You’re fighting the regime just like Trump came in to drain the swamp,” a Helios investor said in a shareholder meeting in New York in July.”I invested about $500 based almost entirely off those analysts buy ratings and price targets,” another investor said.Helios stock was trading under $5, but at the time the two Wall Street analysts covering the stock recommended that investors buy, with price targets of $15 and…

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Crypto News 

Investor Sues AT&T Over $24 Million SIM…

“Michael Terpin is suing AT&T for $224 million for their part in a SIM swapping theft of $24 million in cryptocurrency” writes Jeffrey Francis for livebitcoinnews.com. One cryptocurrency investor has had this happen to him, causing him to lose $24 million.Overall, Terpin lost $24 million in cryptocurrency due to the hackers being able to access his cell phone account. Source: livebitcoinnews.com Share This:

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Crypto News 

U.S. investor sues AT&T for $224 million over loss of cryptocurrency

“He is a senior advisor to Alphabit Fund, one of the world’s largest digital currency hedge funds” reports businessinsider.com. Terpin co-founded the first angel group for bitcoin investors, BitAngels, in early 2013, and the first digital currency fund, the BitAngels/Dapps Fund, in March 2014.An AT&T logo is pictured in Pasadena Thomson Reuters By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T , accusing it of fraud and gross negligence in connection with the theft…

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Markets News 

‘That model is behind the times’: Activist investor Elliott thinks Nielsen dropped the ball on data and tech — and needs to sell fast

“But Nielsen also has a huge market research business that collects information on how people shop in markets all over the world” writes Mike Shields for businessinsider.com. It’s the market research business that Elliot sees as seriously flawed.There’s the media research business, which among other things supplies the TV ratings information most people associate with Nielsen.In July, Nielsen announced that is plan to explore a sale of its market research division, per Broadcasting and Cable.Thus, the activist investor has taken an 8.5% stake in Nielsen, reported the Wall Street Journal,…

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Twitter shares rise after short seller predicts big rally for the stock

“Twitter shares rose 3.9 percent Monday” writes Michael Newberg for cnbc.com. Citron Research’s Andrew Left is bullish on Twitter shares again after his earlier negative call. “$TWTR has hit a level of relevancy as never before.Left’s latest remarks on Twitter came after he was bearish on the social media company in March and bullish on the stock in January. The investor is most known for his bearish calls against stocks like the one-time Valeant Pharmaceuticals, which has since been renamed. Source: cnbc.com Share This:

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Thyssenkrupp needs new strategy, targets not enough: investor

“Former Thyssenkrupp finance chief Stefan Kirsten, former Siemens board member Siegfried Russwurm and Lanxess CEO Matthias Zachert have been tipped as potential candidates. “(Kerkhoff) stands for the old strategy” writes Midwest Communications Inc for 95kqds.com. “Thyssenkrupp needs a strategy shift.DUESSELDORF (Reuters) – Thyssenkrupp needs a broad overhaul in strategy carried about by a new external chief executive, as mid-term targets announced this week will not be enough to put the German group back on track, according to one of its investors.There, the main questions are who the new CEO will…

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Why SpaceX investors aren’t concerned about Musk taking Tesla private

“Elon Musk’s distaste for the public stock market may be pushing him to take Tesla private, but the chief executive’s surprise moves this week have not alarmed SpaceX investors” writes unknown author for cnbc.com. Three current investors in SpaceX spoke to CNBC on condition of anonymity.The expectation has been that at some point, it will list shares on the stock market, allowing private investors a chance to cash out and others a chance to buy in. Source: cnbc.com Share This:

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