Morgan Stanley’s auto analyst Adam Jonas is known for his out-of-the-box thinking on Tesla, but he’s pretty good at analyzing the traditional automakers too. Jonas downgraded GM shares Wednesday to equal-weight from overweight after nailing a breakout in the 109-year-old automaker. “Our OW [overweight] thesis that GM could change the narrative and drive share price […]
Read moreOlder Americans are optimistic about health and fitness-tracking wearables, but are struggling to use them. Millions of Baby Boomers could benefit from increased motivation to exercise and better nutrition. They are also the ideal targets for new features that aim to screen for health conditions that are more common with age. Apple, for instance, is […]
Read moreAmazon’s new Amazon Key service lets delivery people enter your home to drop off a package. I’m not sure I’m ready for that, as compelling as it sounds. Let me play devil’s advocate for a moment. I’ve been perfectly willing to let Amazon inside my home (and life) in other — more digital — ways. […]
Read moreMicrosoft is opening its first Mixed Reality capture studios in San Francisco and London, allowing developers and creators to create holograms from real life objects. Microsoft has been using its own studio at its Redmond headquarters to capture Buzz Aldrin, Reggie Watts, Max Frost, and Cirque Du Soleil performances and bring them into virtual reality […]
Read moreBig private funds with specific investment goals may be the wave of the future, according to TPG’s James Coulter. Speaking at Riyadh’s Future Investment Initiative conference on Wednesday, Coulter told CNBC’s Andrew Ross Sorkin on “Squawk Box” that specific ideas are winning out over more generalist funds. He pointed to Masayoshi Son’s $100 billion technology-focused […]
Read moreHong Kong and Singapore have agreed to cooperate on a cross-border trade project based on blockchain technology as part of a broader joint strategy on financial technology. The two Asian powerhouses’ central banks signed a fintech deal Wednesday to collaborate on a number of projects including business innovation, data sharing and exchange of expertise. “Hong […]
Read moreWhen Chuck Robbins was promoted to CEO of Cisco in 2015, the company’s technology was in danger of losing relevance. When Google named Diane Greene as head of its cloud division that same year, her unit was desperate to close the gap with Amazon Web Services. Two years later, Robbins and Greene are teaming up […]
Read moreAmazon launched a smart security camera on Wednesday that works with its voice assistant Alexa, which will allow deliveries to your home even when you’re out. The service is called Amazon Key and the indoor security camera has been named the Amazon Cloud Cam. Amazon however is not making a lock, which will instead be […]
Read moreCheck out which companies are making headlines before the bell: Boeing – Boeing’s quarterly profit came in six cents ahead of estimates at $2.72 per share, while revenue also beat forecasts. The jet maker had stronger than expected cash flow, and also raised its full year forecast due to a lower than expected tax rate. […]
Read moreA few weeks ago, it looked like interest rates were on their way down again, but that was short-lived. So was the surge in mortgage application volume that went along with it. Interest rates rose last week, and consequently total mortgage application volume fell 4.6 percent from the previous week. The Mortgage Bankers Association’s seasonally […]
Read more