When it was first released in April 2015, the Apple Watch immediately became the most in-demand tech item of the season, dominating 75 percent of the smart watch market within its first quarter of sales. With Apple’s cult following and an array of applications not offered by more traditional fitness trackers, like FitBit and Pebble, […]
Read moreFormer Facebook director Don Graham defended CEO Mark Zuckerberg on Friday from criticism following the social network’s recent data-leak scandal. “I’ve known Mark since he was 20,” said the former Washington Post chief who met Zuckerberg in 2005 and was on the board of Facebook for six years until 2015. “Mark is a good, decent, […]
Read moreWarren Buffett’s Berkshire Hathaway has ended a difficult chapter in its investment in IBM. CNBC’s Becky Quick, in an interview from Omaha that aired Friday, asked him if Berkshire owns any IBM shares. He said, “No.” “I think we have zero,” he said. “The answer is almost certain, yes,” on Berkshire owning no more IBM […]
Read moreAlibaba, China’s biggest e-commerce firm, reported a 61 percent increase in fourth-quarter revenue, beating analyst estimates, driven by stronger than expected growth in its core commerce business. The company also forecast a revenue increase of 60 percent for the year to March 31, 2019, versus 58 percent in 2017-18. The results mark two years of […]
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There’s trouble brewing in tech land, and TradingAnalysis.com founder Todd Gordon is looking to short one flagship FANG name in particular. On a chart of the Nasdaq 100-tracking ETF (QQQ), Gordon noted that the chart is being held up by strong support well above its 200-day moving average. But when you look beneath the surface, […]
Read moreCheck out the companies making headlines before the bell: Apple – Berkshire Hathaway’s Warren Buffett told CNBC that Berkshire bought 75 million Apple shares during the first quarter, bringing its total holdings to 240.3 million shares. Alibaba – Alibaba reported quarterly profit of RMB 5.73 versus the consensus estimate of 5.45. Revenue also beat forecasts, […]
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Puppy stolen by Amazon delivery driver returned to owner after he emailed Jeff Bezos
A puppy that was stolen by a driver delivering Amazon parcels in England has been reunited with its owner. Businessman Richard Guttfield, 51, said his black miniature schnauzer Wilma had gone missing after a driver dropped off a package of dog food. Guttfield said it was only after he emailed Amazon’s CEO and founder Jeff […]
Read moreBillionaire investor Warren Buffett estimates that Berkshire Hathaway‘s cash position dipped to “a little over” $100 billion because of lots of stock buying in the first three months of the year. “We bought more stocks by a considerable margin than we sold in the first quarter,” Buffett told CNBC’s Becky Quick in an interview that […]
Read moreBritish Airways’ parent company IAG has offered a big hint that Boeing is in pole position to win a new order for wide-body aircraft. The share price of IAG has risen more than 4 percent in European trade Friday after the company reported 280 million euros ($335 million) of operating profit for the first quarter, […]
Read moreTesla chief executive Elon Musk took to Twitter early Friday to defend his peculiar behavior on an earnings conference call that caused shares of the electric car maker to lose more than 5 percent. “The ‘dry’ questions were not asked by investors, but rather by two sell-side analysts who were trying to justify their Tesla […]
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