As Dow components 3M and Caterpillar brought the average to a record high on Tuesday, CNBC’s Jim Cramer explained why investors had no choice but to trust the rotation into the industrial names. “When a company like Caterpillar or 3M reports a magnificent earnings quarter, this market takes what they say as gospel and assumes […]
Read moreBitcoin is a currency, a noted New York University professor said in a blog post on Tuesday. “I will argue that bitcoin is not an asset, but a currency, and as such, you cannot value it or invest in it,” wrote Aswath Damodaran, a professor of corporate finance and valuation at New York University’s Stern […]
Read moreNo one is safe from a cyber attack, not even elementary school children. Recently, a hacking group named “The Dark Overlord,” known for hacking Netflix, has been linked to a series of attacks on school districts in three different states reports CNN. The Wall Street Journal reports that cyber-thieves have attacked more than three dozen […]
Read moreAs political pressure mounts on social media companies to say where ads are coming from, Twitter will reveal more information about political advertising on its platform. Twitter said in a blog post on Tuesday it would clearly label political electioneering ads, which the Federal Election Commission (FEC) defines as an ad used to promote a […]
Read moreAT&T reported quarterly earnings and revenue that came in just shy of analysts’ expectations on Tuesday. Here’s how the company did: EPS: 74 cents vs. 75 cents expected, according to Thomson Reuters Revenue: $39.67 billion vs. $40.10 billion expected, according to Thomson Reuters Wireless net adds: 3.0 million vs. 1.97 million expected, according to StreetAccount […]
Read moreHedge fund manager David Einhorn says Tesla may only appear to have a lead in autonomous driving cars because, he says, the company is willing to put insufficiently tested cars on the road. “Some of TSLA’s presumed market lead in areas like autonomous driving may more likely reflect TSLA’s willingness to put inadequately tested and […]
Read moreA new subscription offering from Amazon could be a major threat to Lake Forest, Illinois-based industrial supplier W.W. Grainger. Shares of GWW fell more than 3 percent to $202.05 Tuesday afternoon after Amazon Business announced an upgrade to their shipping services for business customers. The new Business Prime Shipping service offers free two-day shipping to […]
Read moreThe Chan Zuckerberg Initiative committed to spend $45 million so far toward prison reform and affordable housing, according to Vice News. The Chan Zuckerberg Initiative was formed by Facebook CEO Mark Zuckerberg and pediatrician Priscilla Chan, Zuckerberg’s wife, to advance social causes in areas such as healthcare and education. Last month, the Chan Zuckerberg Initiative […]
Read moreAmazon is bulking up its service for business supplies with free two-day shipping on select items. On Tuesday, the company launched a Prime membership service for Amazon Business, with subscriptions starting at $499 a year for 10 users and going up to $10,099 for more than 100 users. Amazon Business sells everything from industrial supplies […]
Read moreMicrochips, disk drives, routers, the iPhone. Google, Facebook, Netflix, Airbnb. These are just some of the innovations and innovators rooted in Silicon Valley, a place where disruption is the rule. If only all those big brains could figure out a way to stop Silicon Valley’s persistent sexism problem. It’s ironic, disgusting and perplexing that Silicon […]
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