EU antitrust regulators are weighing another record fine against Google over its Android mobile operating system and have set up a panel of experts to give a second opinion on the case, two people familiar with the matter said. Assuming the panel agrees with the initial case team’s conclusions, it could pave the way for […]
Read moreSeveral newly public stocks fell near or below their IPO prices on Wednesday. Shares of Tintri and Blue Apron dipped briefly below their IPO prices, after hitting the public market in late June. Meanwhile, Snap and Cloudera shares were both within $1 of hitting their IPO prices by midday, and Okta shares hit an all-time […]
Read moreOn the surface, Tesla and Netflix don’t have much in common. One makes cars, solar panels and energy-efficient batteries, and the other streams TV shows and movies. But Tesla CEO Elon Musk and Netflix CEO Reed Hastings have both used the same ancient decision-making strategy to grow their billion-dollar businesses: “first principles” thinking. The term […]
Read moreO’Reilly Automotive‘s stock sank by 20 percent Wednesday after the auto parts retailer reported weaker-than-expected same-store-sales growth. Other auto parts retailer stocks also fell sharply. The company announced comparable-store sales growth of 1.7 percent for the second quarter, below its previous guidance of 3 to 5 percent growth and FactSet’s estimated growth of 3.9 percent. […]
Read moreTipRanks, a service which ranks Wall Street analysts, identified the top players in technology coverage and found which stocks they like for the second half of 2017. We use a natural language processing algorithm to rank analysts based on two factors: Average return of buy-sell recommendations Success rate of buy-sell recommendations. TipRanks’ stock screener allows […]
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Oil prices plunged nearly 4 percent on Wednesday, ending the longest bullish streak in five years, as more evidence indicated OPEC exports rose last month. U.S. West Texas Intermediate crude futures fell $1.83, or 3.9 percent, to $45.24 per barrel at 1:26 p.m. ET, erasing much of the previous two sessions’ gains. International benchmark Brent […]
Read moreJefferies is optimistic toward companies such as Raytheon, Orbital ATK, and Aerojet Rocketdyne as tensions with North Korea escalate, leading to greater missile defense spending. “The aggressive nature of the North Korean acts may cause Japan, South Korea, the U.S. Congress and the Administration to fund missile defense at an above average rate,” wrote Jefferies […]
Read moreBaidu, the top Chinese internet search firm, has formed a broad alliance to promote self-driving cars, pitting its Apollo platform against Alphabet’s system, it said on Wednesday, in hopes of getting the vehicles on the road in China by 2019. The alliance includes partnerships with automakers, suppliers, startups, universities and local governments and is built […]
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All the major economies of the globe and the companies that make them up are picking up steam at the same time right now, the first such simultaneous recovery in years. This is making the phrase “global synchronous recovery” among the favorites of bulls on Wall Street. “We expect all the major markets to report […]
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TWO more airports have joined Abu Dhabi in having a laptop ban lifted. On July 5th passengers flying from Dubai or Istanbul to America were told that they will once more be allowed to take large electronic devices into plane cabins, rather than having to stow them in the hold, which they have been required to […]
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