If you think President Donald Trump has gotten as aggressive as he’ll get on the trade front, “you ain’t seen nothin’ yet,” CNBC’s Jim Cramer said Friday. With steel and aluminum tariffs already in place and more on the horizon, the “Mad Money” host didn’t expect the president to let up on his trade dispute […]
Read moreRed Hat’s stock may have just had its worst trading day since 2006 after the company’s earnings guidance underwhelmed Wall Street, but that won’t matter in the longer term, CEO Jim Whitehurst told CNBC on Friday. “If I could change anything” about the post-earnings conference call, “I would encourage investors to look long-term,” Whitehurst, also […]
Read moreApple just launched a free repair program for users with faulty keyboards on some MacBook and MacBook Pro computers. Some users have complained about those computers, specifically calling out how keys can get stuck or don’t register when tapped. Computers in the program include MacBook models built from 2015 to 2017, as well as MacBook […]
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TWO decades ago, David Neeleman founded JetBlue Airways, promising to “bring humanity back to air travel.” It has since grown to become one of America’s largest airlines. But stories of poor service and a lack of humanity still abound in the country’s aviation industry. And so it appears that Mr Neeleman is back and preparing […]
Read moreTesla is suing a former employee, Martin Tripp, for allegedly hacking into its MOS factory software, transferring several gigabytes of company data to outside entities and making false claims to reporters. Tripp disputed the charges. So what is this MOS (or TMOS) software that Tesla is talking about? Tesla declined to comment for this story. […]
Read moreThe space industry is valued at over $350 billion but Morgan Stanley is telling its clients to pay attention to a market that could grow very quickly, as the firm said it expects “significant development” from space ventures. “Some investors struggle to understand the investment significance of space,” Morgan Stanley analysts wrote in a note […]
Read moreManagement turnover at Intel will not negatively impact the company’s business momentum, according Credit Suisse. The firm reiterated its outperform rating for the chipmaker’s shares, predicting the company will generate strong earnings results next year. On Thursday Intel announced the resignation of its CEO Brian Krzanich for his infraction of the company’s non-fraternization policy. Krzanich […]
Read moreChinese smartphone maker Xiaomi awarded founder and CEO Lei Jun about $1.5 billion in stock, one of the biggest corporate paydays in history, The Wall Street Journal reported Friday. The company gave Lei the stock to “reward him for his contributions” ahead of its IPO, The Journal reported, citing a document filed this week. Xiaomi […]
Read moreTesla confirmed a Thursday night fire contained to a cardboard bailing machine at its Fremont, California, factory, where the Model 3 electric sedan is being built. It is the latest in a series of fires to break out at the facility. “Last night, the structure outside our factory that houses the cardboard and other wood […]
Read moreOne prominent Wall Street analyst is questioning how Tesla may be allocating its expenses across different businesses. Bernstein reiterated its market perform rating for Tesla shares, citing its concerns over the electric car maker’s declining profit margin in its “Services and Other” business segment. “Tesla reports revenues and gross margins each quarter for its ‘Automotive’ […]
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