When Verizon’s Oath division was looking to consolidate its Yahoo, AOL and other brands into the public cloud, Amazon Web Services emerged as the obvious choice, in part because that’s where start-ups house their data. And Oath plans to do deals. “It’s highly unlikely that the start-up system runs in our private cloud or on-premises […]
Read moreMicrosoft and Apple are in talks with the United Arab Emirates (UAE) federal government to lift its ban on Skype and FaceTime, which have been illegal in the Gulf country for years. UAE Telecommunications Regulatory Authority (TRA) Director General Hamad Obaid Al Mansouri confirmed the talks this week, according to local news reports, citing Microsoft […]
Read moreShares of social media company Snap plummeted by 20 percent Wednesday following disappointing earnings, and Wall Street still sees room on the downside. The company significantly missed revenue estimates in its latest report and said its next quarter year-over-year revenue growth rate will “decelerate substantially,” partially due to ad prices. The company also missed analysts […]
Read moreSnap opened at its lowest ever levels Wednesday, a day after a crucial earnings miss. Shares opened at $11.30, more than 20 percent off its Tuesday’s close of $14.13 — and 19 cents lower than the stock’s previous lowest open. The company behind popular disappearing message app, Snapchat, warned investors that its revenue growth rate […]
Read moreApple shares opened more than 3.5 percent higher on Wednesday, after the company reported better-than-expected quarterly results and announced a $100 billion share repurchase program. The iPhone maker’s shares went negative for the year on April 20, but erased year-to-date losses on Wednesday morning. Shares opened at $175.23 apiece, leaving shares up about 3 percent […]
Read moreFord is expanding a safety recall for its Ford Transit vans. The recall now includes nearly 100,000 of the cargo vans, which are often used to transport up to 15 people at a time. Potentially affected vehicles are equipped with a trailer-tow module, which is vulnerable to seeping water that can corrode the module’s wiring. […]
Read moreThe Trump administration’s focus on deregulation and the return of rising interest rates should benefit financial and banking stocks, according to Calamos Investments founder and chairman John Calamos Sr. “I’m not overly worried that the interest rates start to go back to normal. We forget that if interest rates were more normal, banks would be […]
Read moreWall Street rarely likes to talk about its mistakes, but Apple analysts are now admitting in notes to clients that they repeatedly messed up their analysis and forecasts for the smartphone maker. Apple reported fiscal second quarter earnings above expectations Tuesday, despite a slight miss in its iPhone unit sales number versus estimates. Investors are […]
Read moreA new generation is starting to enter the workforce, and the office as you know it could be about to change dramatically. Generation Z — people born after 1996 — is about to hit the working world in a big way. Consulting firm BridgeWorks estimates that Gen Z accounts for 61 million people in the […]
Read moreSeasoned professional traders typically understand the theory behind “Sell in May and go away.” However, it’s not always cut-and-dried. Sometimes it might be better to hold through the summer, but sometimes it might be better to not only sell but also establish short positions. As we enter the month of May, the question is which […]
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