The Priceline Group is expected to report earnings after the market close Monday, as the travel company seeks to ramp up its booking numbers and expand its presence in the Chinese market. Here’s what analysts are expecting: EPS: $34.25, according to Thomson Reuters Revenue: $4.34 billion, according to Thomson Reuters The company has seen strong […]
Read moreImagine your local independently owned car dealer going away. Sounds absurd? Morgan Stanley auto analyst Adam Jonas said it’s not only a possibility, but he thinks it could happen if self-driving vehicles take-off. “In a world of fully autonomous cars, what will an auto dealer actually sell … ?,” asks Jonas in a note to […]
Read moreThe emergence of artificial intelligence (AI) could be the “worst event in the history of our civilization” unless society finds a way to control its development, high-profile physicist Stephen Hawking said Monday. He made the comments during a talk at the Web Summit technology conference in Lisbon, Portugal, in which he said, “computers can, in […]
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Oil prices surged to their highest levels since the summer of 2015 on Monday as a major political shakeup in Saudi Arabia underpinned a rally fueled by geopolitical risk, analysts said. Crude futures hit the new highs overnight after the powerful Saudi Crown Prince Mohammad bin Salman coordinated the arrest of several princes and ministers, […]
Read morePershing Square Capital’s Bill Ackman still has high hopes that Chipotle will rebound and become a big winner for his hedge-fund. “We’re going to work hard to help the company turn,” Ackman said on CNBC’s “Halftime Report” Monday. “This is an eminently fixable company … This is still a great concept.” The hedge fund manager […]
Read more21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., leaving behind a media company tightly focused on news and sports, according to people familiar with the situation. The talks have taken place over the last few weeks and there is no certainty they will lead to a […]
Read moreBroadcom‘s $103 billion bid for rival chipmaker Qualcomm could ease a lengthy war with Apple, analysts said Monday. Qualcomm and a have long been embroiled in a patent lawsuit — each tech company suing the other in a high-priced back-and-forth. Apple alleges fraudulent royalty charges, and Qualcomm alleges patent infringement. “While Qualcomm is pursuing the […]
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THIS morning’s news that Qatar Airways, a national carrier with global ambitions, has bought nearly 10% of Cathay Pacific, Hong Kong’s flag-carrier, came as a shock for financial markets. Shares in Cathay Pacific dropped in value by around 5% in the minutes after trading resumed first thing today. But the idea that Qatar Airways was […]
Read moreIt’s been a monumental few months for Apple, with the release of the iPhone X — the biggest redesign of Apple’s most important product since it launched in 2007 — plus the iPhone 8 and 8 Plus, a new Apple Watch with cellular connectivity, a new Apple TV, new Macs, and the forthcoming HomePod “smart” […]
Read moreTim Cook was angry. It was May 2013, and Mr. Cook, the chief executive of Apple, appeared before a United States Senate investigative subcommittee. After a lengthy inquiry, it found that the company had avoided tens of billions of dollars in taxes by shifting profits into Irish subsidiaries that the panel’s chairman called “ghost companies.” […]
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