Podcast: Facebook's $217B Loss and 2 Other Numbers You Need to Know
Numbers By Barron's is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker
Three numbers to start your day:
-according to brokerage shop Edward Jones. That would be below last season's growth, but it's not surprising given 2017 was the best since before the last recession.
Underperforming retailers tend to blame the Amazon effect, but some companies have found success by investing in e-commerce capabilities and speeding up delivery times.
On that front, the digitally savvy Kohl's and Target look poised to get some holiday lift. Good stock investments-not a bad way to think about where to shop come Black Friday.
-The social media giant's stock took hits last week after the New York Times published an investigation into the company's leadership team.
But new revelations alone don't make a company less valuable. The Cambridge Analytica scandal that broke in March didn't stop Facebook's stock from hitting new highs.
Pair those controversies with a cloudy forecast from management on earnings-that's enough to make investors nervous.
-But the cryptocurrency broke below that psychological floor last week. Fundstrat Global Advisor's head of research, who is a bitcoin bull, revised his year-end target downward by $10,000, but that would still require Bitcoin to triple from recent levels. Greater involvement from institutions could help it get some of the way there, he argues.
Perhaps Bitcoin hit a peak last December. But interest in crypto was significantly greater then, according to Google Trends.
Numbers by Barron's is a new daily podcast. Find out morehere.
This episode was hosted by Crystal Kim.
Write to Crystal Kim at email@example.com