In the summer of 2015, senior citizens who had signed up for a fledgling insurance plan called Clover Health started receiving unexpected medical bills for blood work. Most were living on fixed incomes in New Jersey, the only state where Clover, a venture-backed start-up based in San Francisco, was available. As a Medicare Advantage Plan, […]
Read moreDigital currency stellar is now the sixth-largest cryptocurrency by market capitalization, after only breaking into 10th place on Friday. Stellar soared 62.6 percent Wednesday to a record high of 91.85 cents, briefly marking a more than 150 percent gain for the year already, according to CoinMarketCap. The website’s data also showed that with those gains, […]
Read moreA report alleging Intel chips have a security flaw could cost the chipmaker a lot of money, according to one Wall Street firm. The British tech website Register reported Tuesday that some Intel processors have a “fundamental design flaw” that will spur a significant security update of Linux and Microsoft Windows operating systems to work […]
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Shares of Intel fell 5 percent on Wednesday following reports that a security bug was present in the chip maker’s processors. According to one technician, who has been bullish Intel, the move presents the perfect opportunity for investors to buy the chip dip. “Shares are still above rising 50 and 200-day moving averages,” Piper Jaffray […]
Read moreI spend way too much time on my phone, and you probably do too. “Most people check their phone every 15 minutes or less, even if they have no alerts or notifications,” Larry Rosen, psychology professor and author of The Distracted Mind, tells CNBC. “We’ve built up this layer of anxiety surrounding our use of […]
Read moreAmerican Express stock rose Wednesday after Deutsche Bank initiated coverage on the card company with a buy rating. A renewed focus on small business helps prove that American Express’s model remains “intact,” while its devotion to super prime and affluent customers bodes well for 2018, according to analyst Ashish Sabadra. “We are initiating coverage on […]
Read morePolar blast from 'bomb cyclone' should boost natural gas prices, set stage for late winter shortages
Natural gas futures, dipping on a warmer long term forecast, are likely to spike again after freezing weather takes another big bite out of gas supplies later this week. The normally very abundant supply of U.S. natural gas could be put to the test this season and could actually see some spot shortages by the […]
Read moreOil prices are poised for a pullback after hedge funds and money managers raised their bullish bets on energy futures to record levels, analysts say. Speculative bets that U.S. crude prices will rise have surged since September as OPEC and Russia hammered out a deal to continue capping their oil production. The deal has helped […]
Read moreMicrosoft on Wednesday announced that it has acquired Avere Systems, a start-up specializing in data storage. The technology could ultimately help Microsoft pick up more Azure revenue by serving customers who want to use cloud computing while still keeping data in their own facilities. Terms of the deal weren’t disclosed. Avere offers hardware for storing […]
Read moreThe sporting goods sector in retail isn’t shaping up to be all doom and gloom in 2018, despite some nasty headlines last year. Wells Fargo on Wednesday upgraded Dick’s Sporting Goods to outperform, also raising the firm’s price target on shares to $35 apiece, up from $26. The stock closed Tuesday at $29.49, having fallen […]
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