Wall Street is torn on General Electric, the one-time favorite blue chip for long term investors, which is now facing an identity crisis and possible dividend cut. Major research shops downgraded and upgraded the industrial company following its third-quarter earnings miss Friday. The firm’s September quarter profits were hit by restructuring costs and weak performance […]
Read moreCustoms and Border Protection has an employment crisis. After a massive growth in ranks through the 2000s, the agency has been steadily losing Border Patrol staff since 2011, even as President Trump demands more. The problems are manifold, including low pay for jobs in remote areas. To widen the applicant pool, some lawmakers are now […]
Read moreAs President Donald Trump and the GOP rush to push tax reform, small-business owners and advocates are speaking out on what taxing issues are crippling them and the reforms they would like to see. With the sector creating two-thirds of U.S. jobs, freeing up money to help them invest more in their business is critical, […]
Read moreIntense price swings in cryptocurrencies are luring the highest-volume traders on Wall Street as they search for relief from the low volatility blanketing financial markets. Proprietary trading firms, which bet their own capital in markets from stocks to futures, are wading into bitcoin, ethereum and other cryptocurrencies better known as a playground for small speculators […]
Read moreNvidia, the best-performing stock over the past year, will thrive from the artificial intelligence technology trend, according to one Wall Street analyst. Jefferies reiterated its buy rating for Nvidia shares, predicting the chipmaker will report profits above expectations in fiscal 2019, which begins in February. Nvidia’s graphics processing chips have become popular with gaming, and […]
Read moreMagic Leap, an augmented reality company that has never shipped or even shown a product, has just gotten a $502 million investment on top of its nearly $1.4 billion in existing funding. The round is led by Singapore holding company Temasek, and includes major existing investors like Google, Alibaba, and J.P. Morgan Investment Management. It […]
Read moreThe U.S. is deeply divided politically and socially because of an escalating wealth disparity between the top and bottom tiers, according to Ray Dalio, who manages the largest hedge fund in the world. That gap is “our biggest economic, social and political issue” and played a significant role in Donald Trump‘s presidential election victory last […]
Read moreAn avid marathon runner, Knox Robinson can wear through a dozen pairs of trainers a year. Yet when it comes to racing, he has one go-to shoe — the Nike Flyknit Racer. For many athletes, the specially designed knitted upper section creates a more seamless, form-fitting shoe, something few other brands have matched. “I loved […]
Read moreSeventeen years ago, I competed against Mike McCue, who is currently the Founder and CEO of Flipboard. Back then, he was the co-founder and CEO of Tellme Networks and I was the VP of Business Development at a company called VoiceGenie. I met Mike for the first time two weeks ago at the Flipboard offices […]
Read moreGoogle is aiming to make online shopping easier with a new system for storing payment information. Pay with Google collects credit and debit card numbers and shipping addresses, eliminating the need to re-enter payment information on certain sites. The feature was first previewed in May and rolls out starting Monday, according to a company release. […]
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