Twitter Inc.’s user growth is slowing and it shows no sign of turning a profit. Some fund managers say that’s not going to stop the microblogging service’s $12.8 billion valuation from treading higher. Much higher.
Oct. 12 (Bloomberg) -- Eric Jackson, founder of Ironfire Capital LLC, talks about Yahoo Inc.'s third-quarter earnings and outlook, and the future of Microsoft Corp. The biggest U.S. Web portal reported profit and sales that beat estimates. Jackson speaks with Trish Regan and Cory Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Research In Motion Ltd.’s short interest has touched a record high, a sign investors are anticipating disappointing earnings as the wait for a new lineup of BlackBerry smartphones takes as long as six months.
The Shanghai Composite Index is poised to extend gains as investors anticipate the Chinese economy will keep strengthening, said Tom DeMark, the developer of market-timing indicators who predicted the gauge’s rally from a four-year low in June.