Apple will have no more than 3 million iPhone X units available for purchase when preorders open next week, KGI analyst Ming-Chi Kuo said Friday. Kuo is well-known for accurate reporting on Apple’s supply chain. His note, reported by 9to5Mac, suggests that the shortage of units is related to several components used in the iPhone […]
Read moreSoftBank could commit as much as $880 billion to tech investments in the coming years, a gargantuan, unprecedented amount of cash that would amount to a seismic shift in tech-sector finance. “The Vision Fund was just the first step, 10 trillion yen ($88 billion) is simply not enough,” CEO Masayoshi Son said in an interview […]
Read moreBig cash infusions for startups from an ever-expanding group of financiers, led by SoftBank and Middle East sovereign wealth funds, have extinguished hopes that the technology IPO market would bounce back this year. These deep-pocketed financiers, which have traditionally invested in the public markets but are seeking better returns from private tech companies, have enabled […]
Read moreCrypto currencies may have been around for less than a decade, but they are proliferating so quickly that our established tax and regulatory systems can’t keep up. And that could create serious tax problems for those who would join the digital currency revolution. The total market value of the crypto currency market rose to over […]
Read moreLululemon will be one of few retail brands that can survive the Amazon onslaught, according to one Wall Street firm. Citi Research raised its rating for the company’s shares to buy from neutral, predicting Lululemon will report earnings above expectations this year. The call sent the stock up 2.3 percent in Friday’s premarket session. “We […]
Read moreEuropean Central Bank President Mario Draghi will return to the spotlight next Thursday with the focus firmly on how he plans to trim the bank’s asset purchase policy. So far, the ECB has said its purchases are intended to run at their current pace of 60 billion euros ($70.1 billion) per month until December 2017 […]
Read moreThe U.S. government is urging the world airline community to ban large, personal electronic devices like laptops from checked luggage because of the potential for a catastrophic fire. The Federal Aviation Administration said in a paper filed recently with a U.N. agency that its tests show that when a laptop’s rechargeable lithium-ion battery overheats in […]
Read moreInvestors may be wise to pump the brakes on the Nasdaq as we head into big tech earnings, according to one technician. The Nasdaq 100 ETF, QQQ, posted its worst session in nearly a month on Thursday, as its top components — Apple, Facebook, Amazon and Alphabet — all fell about 1 percent. This move […]
Read morePrime Minister Theresa May denied reports Friday morning that the U.K. had increased its financial offer to the European Union as part of its steps to leave the bloc. “What I’ve made clear to my EU counterparts in relation to financial contribution is what I set out in my Florence speech, which is that I’ve […]
Read moreGeneral Electric fell short of Wall Street’s expectations on by a wide margin on Friday as profits were weighed down by restructuring costs, even as revenue grew. “It’s a throwaway quarter,” Harbor Advisory’s chief investment officer Jack DeGan said on CNBC’s “Squawk Box.” Investors are looking ahead to November when the company is expected to […]
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