When a company is one of the best performing stocks in the entire market, it needs to report perfect results and guidance to drive its shares higher. AMD did not do that Tuesday, when it gave a profitability forecast that disappointed some Wall Street analysts. The chipmaker reported better-than-expected third-quarter adjusted earnings-per-share of 10 cents […]
Read moreMorgan Stanley’s auto analyst Adam Jonas is known for his out-of-the-box thinking on Tesla, but he’s pretty good at analyzing the traditional automakers too. Jonas downgraded GM shares Wednesday to equal-weight from overweight after nailing a breakout in the 109-year-old automaker. “Our OW [overweight] thesis that GM could change the narrative and drive share price […]
Read moreSales of new U.S. single-family homes unexpectedly rose in September, hitting their highest level in nearly 10 years, offering hope that the housing market was regaining speed after appearing to stall in recent months. The Commerce Department said on Wednesday new home sales surged 18.9 percent to a seasonally adjusted annual rate of 667,000 units […]
Read moreOlder Americans are optimistic about health and fitness-tracking wearables, but are struggling to use them. Millions of Baby Boomers could benefit from increased motivation to exercise and better nutrition. They are also the ideal targets for new features that aim to screen for health conditions that are more common with age. Apple, for instance, is […]
Read moreAmazon’s new Amazon Key service lets delivery people enter your home to drop off a package. I’m not sure I’m ready for that, as compelling as it sounds. Let me play devil’s advocate for a moment. I’ve been perfectly willing to let Amazon inside my home (and life) in other — more digital — ways. […]
Read moreMicrosoft is opening its first Mixed Reality capture studios in San Francisco and London, allowing developers and creators to create holograms from real life objects. Microsoft has been using its own studio at its Redmond headquarters to capture Buzz Aldrin, Reggie Watts, Max Frost, and Cirque Du Soleil performances and bring them into virtual reality […]
Read moreBig private funds with specific investment goals may be the wave of the future, according to TPG’s James Coulter. Speaking at Riyadh’s Future Investment Initiative conference on Wednesday, Coulter told CNBC’s Andrew Ross Sorkin on “Squawk Box” that specific ideas are winning out over more generalist funds. He pointed to Masayoshi Son’s $100 billion technology-focused […]
Read moreHong Kong and Singapore have agreed to cooperate on a cross-border trade project based on blockchain technology as part of a broader joint strategy on financial technology. The two Asian powerhouses’ central banks signed a fintech deal Wednesday to collaborate on a number of projects including business innovation, data sharing and exchange of expertise. “Hong […]
Read moreWhen Chuck Robbins was promoted to CEO of Cisco in 2015, the company’s technology was in danger of losing relevance. When Google named Diane Greene as head of its cloud division that same year, her unit was desperate to close the gap with Amazon Web Services. Two years later, Robbins and Greene are teaming up […]
Read moreAmazon launched a smart security camera on Wednesday that works with its voice assistant Alexa, which will allow deliveries to your home even when you’re out. The service is called Amazon Key and the indoor security camera has been named the Amazon Cloud Cam. Amazon however is not making a lock, which will instead be […]
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