giftedviz.com
giftedviz.com June 23, 2018


Elliott's Singer agrees with Buffett, Dimon on profit guidance

09 June 2018, 10:11 | Austin Hogan

Bitcoin Surprise Surprise! Jamie Dimon and Warren Buffet Still Don’t like Bitcoin Rick D

Bitcoin Surprise Surprise! Jamie Dimon and Warren Buffet Still Don’t like Bitcoin Rick D

"Public companies should be managed for long-term prosperity, not to meet the latest forecast".

Buffett and Dimon announced they are partnering with Business Roundtable, a group of roughly 200 CEOs of major US companies, to call on companies to consider eliminating quarterly guidance.

Two of Wall Street's harshest bitcoin critics are once again warning investors of the dangers of bitcoin.

"We think the president has raised some very critical issues about trade, especially with China, around state owned enterprises, fair competition, market access, the ability to own 100% of a company, and these things should be negotiated out and the Business Roundtable supports those issues", Dimon said.

Dimon is the chairman of the Business Roundtable, an association of CEOs of America's leading companies working to promote a thriving USA economy.

More Money: Quick, make an offer!

It's "sending the wrong message", Buffett told CNBC's Becky Quick in the interview.

Medical today? Lyon dispute French claims of scheduled Liverpool visit
Reports emerging late on Thursday evening suggest a breakthrough has been made as Liverpool look to sign Nabil Fekir from Lyon . Fekir has also drawn interest from Chelsea and Bayern Munich, but Liverpool have been aggressive in chasing his signature.


NASA Finds Concentrated Batch Of Organic Molecules On Mars
It should take methane several hundred years to break apart in the presence of UV light, but that's not what happened on Mars. Previous research has suggested the temperatures required could be found at the poles in their respective winter seasons.


NJ trooper pulls over officer who helped with his delivery
Patterson confided that he grew up in the same town as Bailly, who in return asked the trooper in what part of the town he lived. The two began talking and realized that Bailly was a former officer in Piscataway, where Patterson is from.


(FILES) This file photo taken on September 12, 2016 shows Jamie Dimon, chairman and CEO of JPMorgan Chase at the Economic Club of Washington, DC in Washington, DC.

Securities laws require quarterly reports on profits, revenue and other information but do not require quarterly forecasts. About 31 percent gave annual earnings-per-share guidance. Missing "the number" can often result in big, short-term stock moves.

Those in favor of guidance say it improves communications with Wall Street, reduces share price volatility and boosts a stock's value.

Companies often hold back spending on technology, hiring and research and development to meet quarterly earnings guidance that may be affected by factors outside the company's control, they wrote.

JPMorgan CEO Jamie Dimon, who has made negative comments about the cryptocurrency in the past, said during an interview Thursday with CNBC that while he doesn't want to be a "bitcoin spokesperson", buyers should "beware".

"Reducing or even eliminating quarterly earnings guidance won't, by itself, eliminate all short-term performance pressures that US public companies now face, but it would be a step in the right direction", Dimon and Buffett wrote.

The top executives, however, admitted that reducing or eliminating guidance won't alone eliminate all short-term performance pressures.



Other News

Trending Now

Trump wants Russian Federation invited back to G7, roiling Trudeau's Quebec summit
The president has repeatedly threatened to terminate NAFTA, the North American Free Trade Agreement, unless it's revised. The Manoir Richelieu is the site of the G7 leaders summit in La Malbaie, Quebec.

Porsche's first electric vehicle will be called the Taycan
The company also marked the occasion by revealing a 911 Speedster Concept, an open-top version of its iconic sports auto . Some of the spotted cars have been wearing exhaust exit surrounds that were fake and fitted to hide the car's identity.

Paul Manafort faces new charges for alleged witness tampering
New charges were also levied against Manafort, including obstruction of justice and conspiracy to obstruct justice. Prosecutors have previously said Kilimnik has ties to Russian intelligence, which he denies.

Amazon Premier League rights
It means that BT will, for the first time, be able to screen show multiple midweek Premier League matches on the same evening. Though Amazon may have gotten a discount , its Premier League price tag would still likely hit nine figures in US dollars.

Val Kilmer Returns as Iceman for TOP GUN: MAVERICK
The highly anticipated followup to the 1986 blockbuster is scheduled to be released July 12, 2019. The film also starred Kelly McGillis, Tom Skerritt, Michael Ironside, Meg Ryan and Tim Robbins.

PM's statement prior to his departure to Qingdao in China
He also said he would be holding multiple meetings with the heads of various SCO member states on the sidelines of the summit. At the end of the two-day summit, the leaders are expected to sign a Qingdao Declaration.

United States reaches deal with China's ZTE, says Wilbur Ross
They raised national security concerns about ZTE, a view shared by U.S. intelligence agencies and other countries . Secretary of Commerce Wilbur Ross announced that ZTE will pay a $1 billion fine for its recent violations.

90min Meet the England Squad
It's something that I'm really looking forward to. "I am aware of the support from Yorkshire clubs when we travel anyway". A fully-fit England squad trained at St George's Park ahead of their final friendly before the tournament.

Trump and Abe express optimism ahead of North Korea summit
Multiple US and N Korean teams are holding simultaneous meetings ahead of the Singapore Summit . Trump expressed unbridled optimism - and confidence - about his June 12 tete-a-tete with Mr.

Eagles Uninvited to the White House
The acrimony continued on Tuesday, when the White House said "the vast majority of the Eagles team chose to abandon their fans". News of the cancelled event sent off a firestorm through Twitter , with everyone reacting to President Trump's decision.