Under the Insiders tab, change the settings for All Insider Buying to "$200,000+," the duration to "August 2019" and All Insider Sales to "$200,000+." The company, which operates in the restaurants industry, has a market cap of $138.37 million and enterprise value of $189.94 million. Facebook Inc. (NASDAQ:FB) founder and CEO Mark Zuckerberg sold a combined 243,002 shares for an average price of $184 per share on Aug. 20 and 21. Over the last 12 months, the share price has risen 4.23% and, as of Friday, was trading 13.26% below its 52-week high and 47.13% above its 52-week low.
DOW UPDATE The Dow Jones Industrial Average is seeing a selloff Friday afternoon with shares of Apple Inc. and American Express facing the biggest setback for the price-weighted average. Shares of Apple Inc.
Royal Dutch Shell plc (the ‘Company’) announces that on August 23, 2019 it purchased the following number of "A" Shares for cancellation. Aggregated information on “A” shares purchased according to trading venues:. In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the Company’s securities independently of the Company for a period from August 1, 2019 up to and including October 28, 2019. Any such share purchases will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes and the Commission Delegated Regulation (EU) 2016/1052.
Google Doesn’t Want Staff Debating Politics at Work Anymore. (Bloomberg) -- Alphabet Inc.’s Google posted new internal rules that discourage employees from debating politics, a shift away from the internet giant’s famously open culture. The new “community guidelines” tell employees not to have “disruptive” conversations and warn workers that they’ll be held responsible for whatever they say at the office. Progressive employees have used internal chat boards to rally other workers against some Google projects, helping push the company to end work on a search engine for the Chinese market and an image-recognition AI system for the U.S. military.
Tesla Critic David Einhorn Wants Elon Musk to Resign Over Solar Controversy. (Bloomberg) -- It only took 12 hours for hedge fund investor David Einhorn, a well-known Tesla Inc. critic, to wade into the controversy over the company’s solar panels. On Twitter Friday, he called on Tesla Chief Executive Officer Elon Musk to resign after a Business Insider report that hit overnight showed the company tried to replace faulty parts in some of the rooftop solar panel systems it installed last year as part of an effort known as “Project Titan.” Earlier this week, Walmart Inc. sued Tesla, saying panels that the company’s energy unit installed caught fire on no fewer than seven of its stores. “How many solar panels are still defective and could cause fires?” Einhorn said in a tweet Friday.
Royal Dutch Shell RDS.A has offered to buy ERM Power Ltd for A$617 million ($419 million), thus marking its entry into Australia’s highly competitive energy market. The all-cash takeover bid represents 43% premium to ERM’s closing share price of A$1.72 on Aug 21, thereby valuing ERM at A$2.46 a share. After the culmination of the agreement, Shell will obtain full ownership of the ERM Power. With this pact, Shell — one of the world’s largest oil and gas companies — will have a power supplier capturing nearly 25% share of the commercial and the industrial retail market in Australia.
In the investment world, it’s easy to get caught up in the day-to-day noise. But, a lot of that day-to-day noise amounts to nothing more than irrelevant distractions that do not materially impact the big picture. As such, when investing, it’s often best to take a step back, and see the forest through the trees. Source: Castleski / Shutterstock.com. When you do that with Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) stock, it becomes obvious why investors have reason to be optimistic about Alphabet stock in the long run. The first part of the long-term bull thesis on Alphabet stock is that this company’s long-term fundamentals and growth prospects are highly favorable. Although history is not a clear indicator of the future, it is nonetheless important to see what Alphabet has done over the past decade and to see where the company may go over the next decade. Beyond the digital ad business, Alphabet’s cloud business will continue on its rapid growth trajectory as a continued surge in data volume globally will translate into increased data-center usage. Alphabet’s ad growth rates will likely be slower, as the company cedes market share to up-and-coming digital ad companies like Snap (NYSE:SNAP) and Pinterest (NYSE:PINS). But, that lagging ad growth rate will be more than offset by 20%-plus growth rates from the cloud, hardware, and self-driving businesses. Assuming roughly 10% growth out of the ad business and roughly 20% growth out of everything else, Alphabet should be able to grow revenues at a 10%-15% rate over the next several years.
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BRIEF-Harris Associates L.P. Discloses 5% Stake In Glencore As Of Aug 21 - Filing.
Aug 23 (Reuters) - Glencore PLC:.
* HARRIS ASSOCIATES L.P. DISCLOSES 5% STAKE IN GLENCORE AS OF AUG 21 VERSUS PRIOR STAKE OF 4.91% - FILING Source text for Eikon: Further company coverage:.
Donna Fuscaldo, The Motley FoolMotley FoolAugust 23, 2019, 12:54 PM UTC. Lawmakers and regulators across the globe are gearing up to fine and otherwise penalize the Internet giant. Even Amazon (NASDAQ: AMZN) could be at risk in a recessionary environment. If consumer spending falls off a cliff, sales could decline for the eCommerce giant. And then there's Facebook(NASDAQ: FB). Much of Microsoft's software including Office is charged on a subscription basis, which means millions of businesses and consumers are paying on a recurring basis for its products and services. As a result, Microsoft has very predictable profits, something investors crave when things are going south. The software giant is staying in its lanes, focusing on cloud computing and software. As a result, investors don't have to worry too much about Microsoft spending billions on an endeavor that could fail in a recession. Software is more immune from tariffs, recession.