Dunkin’ Brands Chairman and CEO Nigel Travis is defending the doughnut maker’s “asset-light model,” which short-seller Jim Chanos cited as a reason he’s betting against the stock. “Since he made that prediction our stock has gone up,” Travis said on CNBC on Friday. Chanos revealed on CNBC his Dunkin’ short on April 26. Since then, […]
Read moreAlphabet‘s Google is drawing thousands of new customers to gyms and salons each month through an appointment-booking tool released last year, Reuters has learned, a quiet step in the company’s transition to the next generation of search. The service, known as Reserve with Google, spares users the phone calls, online searching and form filling typically […]
Read more
The U.S. economy created 223,000 jobs in May, soaring above the 188,000 payroll growth estimate from economists surveyed by Reuters. But as always, there are industries that are doing better or worse in terms of employment each month. Here are the net changes by industry for May according to the U.S. Department of Labor. The […]
Read moreApple supplier Dialog Semiconductors sinks 17 percent after warning the iPhone maker will cut orders
Shares in Dialog Semiconductor fell by 17 percent on Friday to a four-year low after the Anglo-German chipmaker said its main customer Apple would cut orders for its power-management chips by around 30 percent this year. The news also hit other European semiconductor stocks in Apple’s smartphone supply chain at the open before they recovered […]
Read moreCheck out the companies making headlines before the bell: Deutsche Bank – New CEO Christian Sewing insisted that the financial strength of Germany’s flagship lender is “beyond doubt,” despite the Federal Reserve labeling Deutsche Bank’s business in the U.S. as in “troubled condition.” Within a day of the Fed’s designation, Standard & Poor’s slashed its […]
Read moreApple shares will rise as consumers buy more expensive iPhones, according to one Wall Street firm. UBS raised its price target to $210 from $190 for Apple shares, representing 12 percent upside to Thursday’s close. The firm cited the premium nature of the company’s brand. The firm’s consumer survey “results indicate weak iPhone buying intentions […]
Read moreFrederic H. Moll trained to become a surgeon, but never completed his residency at Virgina Mason Hospital in Seattle. Nonetheless, the doctor-by-training and humble “gadget guy,” has changed the face of medicine for good. Moll, who is known as the “Bill Gates of robotics,” ushered in the first wave of surgical robotics in 1995 with […]
Read moreA cyberattack of devastating proportions is not a matter of if, but when, numerous security experts believe. And the scale of it, one information security specialist said this week, will be such that it will have its own name — like Pearl Harbor or 9/11. “The more I speak to people, the more they think […]
Read moreCanadian Defense Minister Harjit Sajjan has called it “absurd” for the U.S. to impose steel tariffs on his country on the basis of national security. President Donald Trump’s administration announced Thursday that it would levy tariffs on steel and aluminum imports from Canada, Mexico, and the EU, under the guise of national security interests. All […]
Read more
Sell in May and go away? Not this year. Expect a June swoon? Don’t hold your breath. These old market adages are in the past, says LPL Financial’s Ryan Detrick. “There’s still a lot more positives which makes us think maybe this kind of a surprise summer rally can continue if we get a little […]
Read more