Bridgewater’s co-CEO Eileen Murray is leaving the world’s largest hedge fund, a press release from the company on Tuesday said. Murray has been with the $160 billion hedge fund since 2008, and has been co-CEO since 2013. While at Bridgewater, Murray headed partnerships with BNY Mellon and Northern Trust, oversaw Bridgewater’s long-term real estate fulfillment strategy and started the firm’s Diversity and Inclusion Council, among other things. Murray is one of the most senior women in the hedge f

Lululemon is beginning to look like Nike, Cowen said on Tuesday as it raised its price target on the stock to $250. Lululemon’s market cap is currently $29 billion, while Nike’s is $146 billion. “Assuming LULU can sustain a NKE-like free cash flow multiple — we see a path to a $40B market cap. Cowen said that the company’s growing menswear and international divisions will drive sales, while also noting that consumers are “highly loyal to the brand.” By comparison, shares of competitors Nike and

Needham’s Laura Martin raised her price target on the stock and said Roku would be the “winning aggregator” of TV and films. The stock rebounded in the premarket on Martin’s call after plunging 15% on Monday following a downgrade by Morgan Stanley. “In 2020, Roku’s key upside valuation driver will be accelerating subscription SVOD revenues, which lowers investment risk, we believe. In the US, we believe YouTube is the winning aggregator of user-generated videos and Roku will be the winning aggre

Four former Google employees who were fired days before Thanksgiving plan to file unfair labor practice charges with the National Labor Relations Board, the group wrote Tuesday. The former employees, dubbed the “Thanksgiving Four,” announced their plans to file charges in a Medium post. Google has said it fired the employees for sharing confidential documents and breaching security. In Tuesday’s post, the dismissed employees say they were fired after engaging in labor organizing efforts. Google

As a lifelong sports enthusiast and Washington Wizards fan, Byrne started BrightLights after reading countless stories about athletes losing millions of dollars to schemes and con artists. The self-proclaimed “financial detective” previously worked as a financial advisor and became a financial regulator after the 2008 stock market crash. Now he combines the knowledge from both professions as a private consultant detecting fraud in the finances of top NBA players. While he can’t disclose the name

We have always been an employee-focused company that has done everything in our power to hold on to our employees, building what I thought was a great culture. Beer on tap, dogs in the office, unlimited paid time off and, ultimately, an employee stock ownership plan, where I gave 40% of the company to the employees. LinkedIn has found that the technology industry has the highest turnover of any industry, at 13.2%, with our field, IT, averaging 13%. We were a 30-person company at the time, and wh

But with economic growth still intact and the setup still largely better than anticipated versus last December’s drop, investors aren’t shying away from equities. “I just think it’s adjustments going into 2020 and some likely gains-taking out of REITs,” he said Monday on CNBC’s “ETF Edge.” “The three-year, the one-year and the one-month [charts] all favor growth,” Hempstead said. Andrew McOrmond, managing director of ETF trading solutions at WallachBeth Capital, agreed that gold will make a come

Moody’s Investor Services estimates 1 in 5 small private colleges faces “fundamental stress” due to declining revenues, rising expenses and little pricing power when it comes to tuition. “I knew that small colleges like Hiram need to be thinking about change,” she said. The idea was to cut back on some of the tuition discounting that typically erodes small colleges’ pricing power. The new law in Massachusetts requires the state’s Board of Higher Education to develop procedures for screening priv

President Donald Trump listens during a listening session on youth vaping of electronic cigarette on November 22, 2019 in the Cabinet Room of the White House in Washington, DC. A federal appeals court ruled Tuesday that Deutsche Bank and Capital One can hand over years of President Donald Trump’s financial records in compliance with House Democrats’ subpoenas. The ruling in the U.S. Second Circuit Court of Appeals offers another loss in the courts for Trump, who has fought attempts to obtain his

Shares of French luxury goods makers, including LVMH and Hermes, dropped in European trading on Tuesday after President Donald Trump’s administration said it may place heavy tariffs on several goods. LVMH – which includes the brands Louis Vuitton and Hennessy – and Hermes each fell more than 2% following the announcement. “Once again, key French consumer/agricultural brands have been targeted including cheese and champagne,” Cowen said. Verallia, the glass bottle maker for Dom Perignon and other

Cyber Monday shoppers spent a record $9.4 billion online, up 19.7% from a year ago, according to data released by Adobe Analytics. Between 10 p.m. and 2 a.m., consumers spent $2.9 billion online — nearly a third of the day’s total revenue. Retailers with more than $1 billion in annual revenue saw online sales jump 540% compared to an average day, Adobe said. Adobe is forecasting that online sales for the entire holiday season will hit $143.8 billion. Online shopping on Black Friday hit a record

In case fears that last December will repeat itself become a reality, CNBC screened for the best places to hide out when volatility spikes. CNBC also used Kensho to screen which sectors perform the best when the VIX jumps five or more points. Consumer staples, utilities and healthcare are the best sectors to hide out in, with the highest likelihood of beating the market. Consumer staples on average drop 1.54% and trade positive 39% of the time after the VIX spikes five points. Utilities usually

Piper Jaffray increased its price target on Tesla’s stock to $423 a share, saying that “for all its controversy and volatility, we think TSLA is a must-own stock” in the auto sector. Tesla shares were largely unchanged Tuesday. Piper’s new 12-month price target, up from $372 a share, represents a 26% climb from Tesla’s previous close of $334.87 a share. While Tesla’s stock is nearly flat for 2019, that’s after the stock rallied nearly 50% in the past three months. But Piper says it’s difficult ”

Citi has a new Netflix analyst and he’s joining the minority of Wall Street analysts that are cautious on the stock. The firm transferred coverage of Netflix to analyst Jason Bazinet. But Wall Street forecasts now on Netflix “deviate” from this long-term pattern. The new Netflix analyst therefore said either Netflix needs to spend even more on content or subscriber estimates need to fall on Wall Street. If they spend up on content, it will hurt margins and cause the stock to drop by 15%, he calc

Needham’s Laura Martin raised her price target on the stock and said Roku would be the “winning aggregator” of TV and films. The stock rebounded in the premarket on Martin’s call after plunging 15% on Monday following a downgrade by Morgan Stanley. “In 2020, Roku’s key upside valuation driver will be accelerating subscription SVOD revenues, which lowers investment risk, we believe. In the US, we believe YouTube is the winning aggregator of user-generated videos and Roku will be the winning aggre

Waiting until after the 2020 election to strike a China trade deal takes away some of Beijing’s leverage, Commerce Secretary Wilbur Ross said Tuesday. “That takes off the table something that they may think gives them some leverage,” he told CNBC’s “Squawk on the Street.” Ross’ comments reinforce earlier remarks from President Donald Trump that contributed to major U.S. stock indexes tumbling more than 1%. The president said that, “in some ways, I like the idea of waiting until after the electio

Peloton holiday ad. YouTubePeloton, the maker of high-end at-home fitness equipment, is getting criticized for a new holiday ad that implores viewers to “give the gift of Peloton.” But the flap probably won’t hurt the company, despite some onlookers complaining about what they saw as undertones of sexism and classism in the ad. The woman in the ad remarks she didn’t realize “how much this would change [her].” The ad has 15- and 30-second versions running across networks including Fox, NBC and ES

The Chilean government announced plans on Monday to roll out a $5.5 billion economic recovery plan and issue more debt in foreign currencies after rioting and protests triggered the worst monthly contraction in a decade. “The violence, the looting and the destruction have halted the economy with enormous costs for Chileans.” Briones said the government will invest $2.4 billion in infrastructure as part of its recovery plan, which also aims to stave off job losses and help small businesses. The I

As of Monday morning, Adobe was calling for Cyber Monday online sales to hit $9.4 billion, climbing 18.9% from 2018. Last year, Cyber Monday sales hit a fresh $7.9 billion. Meanwhile, shopping online on Black Friday hit a record of $5.4 billion, up 22.3% from a year ago, Adobe said. Online sales for the entire holiday season are forecast by the firm to hit $143.7 billion. On Black Friday, Adobe said states that saw over 2 inches of snow recorded an increase of 7% in online sales.

The Huawei logo is seen on the side of the main building at the company’s production campus on April 25, 2019 in Dongguan, near Shenzhen, China. Huawei Technologies plans to shift its research center to Canada from the United States, Ren Zhengfei, the founder of the Chinese telecoms equipment maker, said in an interview with Canada’s Globe and Mail. The U.S. Commerce Department in May placed Huawei on a trade blacklist, citing national security concerns. Huawei was not immediately available to c