Nvidia shares are surging as much as 6 percent on a hyper-bullish report from Evercore ISI senior equity research analyst C.J. Muse. But it isn’t immediately clear that the report presents much in the way of new information. Nvidia’s recent run has been downright spectacular. Shares of the semiconductor company have nearly tripled in value […]
Read moreApple may not be able to meet demand for the highly anticipated iPhone X until the first half of 2018, according to a note from a top analyst obtained and reported by Apple Insider. Ming-Chi Kuo, of KGI Securities, said in the note to investors he now estimates Apple will be able to produce just […]
Read moreFacial recognition technology, such as in Apple‘s new high-end iPhone X, is more secure than other authentication systems but it isn’t perfect, a cybersecurity expert warned on Friday. “None of these systems are flawless. And you’ll see it with Apple. They can be defeated. Somebody will do that,” said Tom Grissen, CEO of biometrics firm […]
Read moreWith recent computer breaches of major companies such as Equifax dominating the news, one Wall Street firm predicts FedEx will suffer from the summer’s cyberattack on its European business. FedEx announced on June 28 its TNT Express subsidiary based in Europe was cyberattacked, which disrupted its operations and communications systems. The company said no data […]
Read moreThe tech industry has been plagued for years with criticism over its lack of diversity. On Thursday, Uber’s newly appointed chief brand officer Bozoma Saint John joined the dialogue on how to fix this issue at Recode’s Code Commerce event in New York. The No. 1 way to address this ongoing diversity issue, she says, […]
Read moreIt’s going to take more than a double-digit percentage drop in a week to shake strategist Tom Lee’s faith in the potential of bitcoin. “I unequivocally believe bitcoin is your best investment to the end of the year,” the Fundstrat co-founder told CNBC, standing by similar remarks he made Aug. 9 on “Fast Money.” He […]
Read moreThe technologist who ran Donald Trump’s automated ad campaign on Facebook says “unsupervised” software can bring out the best and worst of humanity. Darren Bolding, chief technology officer of Cambridge Analytica, told the crowd at the third annual Internet Summit in San Francisco on Thursday that “algorithms will find the worst in us if you […]
Read moreThe surprise drop in August retail sales is being blamed on Hurricane Harvey and Amazon. Retail sales fell 0.2 percent, but without autos, sales were actually up 0.2 percent in August. Some of the 1.6 percent decline in auto sales was blamed on Harvey. But there was also a surprising dip in a category that […]
Read moreOracle was the worst-performing stock in the S&P 500 on Friday, tumbling more than 6 percent in its worst day in 4 years. The company reported stronger-than-expected earnings on Thursday for the first quarter of its 2018 fiscal year, which ended on August 31. But the stock turned negative after the company gave guidance for […]
Read moreHurricanes Harvey and Irma may have faded from the sky and news headlines, but you can count on them coming up again, this time in company conference calls. All the big hurricanes live again in the quarters following their landfall in the U.S., according to a CNBC analysis of earnings calls transcripts over the past […]
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