The trade framework being negotiated between the United States and China would have been right up Gary Cohn‘s alley, CNBC Jim Cramer said Monday. Cohn, who was director of President Donald Trump‘s National Economic Council before Larry Kudlow, “would’ve liked this deal very much, I believe,” Cramer said on “Squawk on the Street.” Cohn was […]
Read moreA column published today by The Guardian suggests that Silicon Valley is overpromising consumers and that there hasn’t been any game-changing tech in years. I agree we may not end up on Mars as soon as promised, but some of the tech introduced in the last several years is game-changing. Here’s a couple of products […]
Read moreTreasury Secretary Steve Mnuchin on Monday joined the growing chorus of government officials concerned about tech monopolies. “These are issues that the Justice Department needs to look at seriously — not for any one company — but obviously as these technology companies have a greater and greater impact on the economy, I think that you […]
Read moreMicron shares are rising as the company said its financial results will be better than expected. On Monday the chipmaker increased its guidance for its fiscal third quarter ending in May. Micron now expects sales for the quarter to be in the range of $7.7 billion to $7.8 billion versus its previous guidance of $7.2 […]
Read moreIn 1985, computers were expensive, complicated and hard to use. But Steve Jobs, the co-founder of Apple, had a vision for what personal computers could be. “We’re just in the beginning stages of what will be a truly remarkable breakthrough for most people—as remarkable as the telephone,” Jobs told Playboy in February of 1985. In […]
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Easing U.S.-China trade tensions will likely help chipmakers’ stocks the most. Among companies in the S&P 500, Skyworks Solutions, Qualcomm, Qorvo, Broadcom and Micron have the highest percentage of revenue generated from China, according to FactSet. Shares of Skyworks climbed nearly 3 percent in premarket trading Monday, Qualcomm briefly gained 1 percent and Qorvo rose […]
Read moreTriumphant tones coming from the White House over the weekend are inconsequential, Moody’s chief economist said Monday, deflating hopes that the U.S. is gaining major ground in its negotiations with China aimed at averting a trade war. “I think it’s a lose-lose. There are no winners here,” Mark Zandi told CNBC’s “Squawk Box Europe” on […]
Read moreProlonged bull markets with periods of low volatility can create risk complacency and even “risk amnesia.” Any subsequent market correction and/or spike in volatility often shakes investors out of their state of complacency and ignites a sense of fear of what they may have temporarily forgotten — that markets can and will go down. While […]
Read moreThe worst is over for Snap shareholders, according to one Wall Street firm. MoffettNathanson raised its rating to neutral from sell for Snap shares, saying the social media company’s app design reversal may help its user metrics. “We worry that as Snap reverses that ill-conceived redesign, user growth will improve which could help the narrative,” […]
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Apple’s iPhone X demand remains soft while the latest look into its services business growth proved “good not great,” according to Nomura Instinet. Analysis of recent iPhone average selling prices – a key metric offering insight into the generations of iPhones being sold – implied a thinner mix of iPhone X volumes than hoped, analyst […]
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