Four former top Barclays executives appeared in court in London on Monday to face charges that they conspired to commit fraud during the bank’s 12 billion pound ($15.56 billion) emergency fundraising in 2008. Former Chief Executive John Varley along with Roger Jenkins, Tom Kalaris and Richard Boath were charged by Britain’s Serious Fraud Office last […]
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Starbucks shares have fallen nearly 10 percent in the past month, but one top technician says the coffee chain is poised for a breakout. The stock “has been weak and may have some bounce potential,” Carter Worth of Cornerstone Macro said Friday on CNBC’s “Options Action.” While analyzing Starbucks charts, Worth pointed out a specific […]
Read moreThe unemployment rate is at a 16-year low and major stock indexes are scraping the heavens — but former Labor Secretary Seth Harris says he has reason to doubt the strength of the job market. “To me the big number is always wages, real wages,” said Harris, who served during the Obama administration. Real wages […]
Read moreKGI analyst Ming-Chi Kuo — often cited for his insider knowledge on A’s movements — recently published a new investor note laying out his predictions for the iPhone 8. Kuo’s track record has been pretty solid recently; he noted Apple’s plans to release a new 10.5-inch iPad Pro, a new 12.9-inch iPad Pro and a […]
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The recent shift from skepticism to optimism may be the first sign of market euphoria that is typical toward the end of bull markets but has been notably absent thus far in the cycle. The Sell Side Indicator – which measures Wall Street’s bullishness on stocks – has rebounded since an all-time low of 43.9 […]
Read moreDave McClure, the founding partner of startup incubator 500 Startups, said in a blog post today on Medium that he deserves to be called a “creep” because of his actions. His apology is a response to a New York Times article that reported on an inappropriate Facebook message to entrepreneur Sarah Kunst while she was […]
Read moreA deal between Google’s artificial intelligence (AI) firm DeepMind and the U.K.’s National Health Service (NHS) “failed to comply with data protection law”, a key British regulator said on Monday. DeepMind — which Google acquired in 2014 — struck a deal in 2015 with the Royal Free NHS Foundation Trust which runs a number of […]
Read moreFor drivers of electric cars, going green is starting to take more green. A growing number of states are imposing new fees on electric vehicles as officials scrounge for ways to pay for infrastructure projects they say are long overdue. At least five states, including California, passed bills targeting the cars this year, bringing the […]
Read moreSnapchat‘s new feature — Snap Map — is the best product innovation Silicon Valley has seen in consumer tech in a while, tech analyst Mark Mahaney told CNBC on Monday. “If they continue to do that kind of thing, and they need to do it, they’ll escape the kind of the death star that is […]
Read moreMicrosoft is reportedly planning to lay off thousands of employees around the world, according to a report at TechCrunch. The company will make the cuts as part of a restructuring to focus on cloud services, TechCrunch said, noting that Microsoft may be specifically focusing on how it sells its Azure products. The layoffs may come […]
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