Hewlett Packard Enterprise chief executive Meg Whitman will step down as CEO early next year. President Antonio Neri will take on the role of CEO as of Feb. 1, 2018, and both Whitman and Neri will be on the board, the company announced on Tuesday. Shares fell more than 6 percent after hours. The company […]
Read moreEnterprise software company Salesforce saw its stock decline 2 percent on Tuesday after it reported better-than-expected earnings for the third quarter of its 2018 fiscal year, which ended on Oct. 31. The company will hold a conference call with financial analysts at 5 p.m. Eastern time. EPS: Excluding certain items, 39 cents per share vs. […]
Read moreElectric trucks could sell faster than cars, but Tesla may be aiming at wrong end of the heavy duty truck market, says a new report. Mounting regulatory pressure and future policy changes may push freight carriers to adopt lower emission power trains in their vehicles, said Barclays analyst Michael Cohen in a note sent Monday. […]
Read moreJohn Lasseter said he is taking a leave of absence from Pixar after several “painful” conversations and “missteps,” according to a note to staff obtained by The Hollywood Reporter. The Disney executive, who co-founded Pixar and is its current chief creative officer, said on Tuesday after several talks, he realized he made several employees “feel […]
Read moreJPMorgan initiated coverage on cybersecurity provider ForeScout with an overweight rating, citing the company’s impressive technological abilities and a swelling demand for company safeguards. With more than one billion devices connected to corporate networks, JPMorgan analyst Sterling Auty estimates that ForeScout’s total addressable market may be worth more than $8.6 billion. Source: Tech CNBC JPMorgan […]
Read moreDespite JPMorgan Chase CEO Jamie Dimon’s outspoken criticism on the viability of bitcoin as an investment, the bank is looking at allowing its clients to trade bitcoin futures, according to a Wall Street Journal report. “J.P. Morgan is considering whether to provide its clients access to CME’s new bitcoin product through its futures-brokerage unit,” the […]
Read moreFacebook allowed the buying of illegal housing ads months after it said it fixed the problem: Report
Facebook is still allowing people to post housing ads that illegally discriminate against certain ethnic groups or people with disabilities, according to ProPublica. ProPublica reported in October 2016 it was able to buy an ad in Facebook’s housing category and exclude black, Hispanic or Asian-Americans from seeing it. Discriminating against specific races, colors, religions, sex, […]
Read moreIn the United States’ current polarized political environment, the constant publishing of articles with vehemently opposing arguments has made it almost impossible for Google to rank information properly. So says billionaire Eric Schmidt, Chairman of Google’s parent company, Alphabet, speaking at the Halifax International Security Forum on Saturday. “Let’s say that this group believes Fact […]
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“FANG” is so yesterday. The so-called FANG stocks – Facebook, Amazon, Netflix and Google-parent Alphabet – are surging this year, up a respective 58, 52, 58 and 32 percent and adding a combined $600 billion in market cap. Despite the monster gains, another group of tech stocks is still outperforming. On a price return basis, […]
Read moreBreaking up technology companies is unlikely to stamp out the unintended dark side of social media — but disrupting the business model might help, according to technology pioneer Jaron Lanier. “Because of the nature of interactive digital technology, especially on smartphones, advertising gradually turns into something totally different,” Lanier told CNBC’s “Squawk Alley” on Tuesday. […]
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