Apple’s stock could “re-rate” and tear higher if the company makes a fundamental change to its business and shifts to a monthly subscription model, according to a top Apple analyst, Toni Sacconaghi of Bernstein. The iPhone maker has historically traded at a relatively low earnings multiple relatative to the market as investors see it as […]
Read moreShares of dental supply distibutors sank Wednesday after Morgan Stanley issued a stark warning to investors: “Amazon is here.” Dental supply distributors Henry Schein and Patterson Companies both fell more than 3 percent after analyst Steve Beuchaw said that Amazon is buying supplies directly from oral goods manufacturer Dentsply Sirona. “We have new evidence that […]
Read moreSquare is trading in a bear market, but if the charts are any indication, now could be the perfect time to buy the high-flying payment stock. Shares of Square rallied more than 4 percent Wednesday morning after CEO Jack Dorsey tweeted that bitcoin is coming to “a lot more” users of Square Cash, which allows […]
Read moreWal-Mart Stores is dropping a 48-year-old habit, the dash in its name. It’s also ditching the word “stores.” Wal-Mart said Wednesday it is changing its legal name to Walmart, as the company looks to emphasize its shift from a company that sells in stores to one that sells online and off. “While our legal name […]
Read moreIf the $999 iPhone X is a little too expensive for your tastes, there’s a new smartphone you might want to put on your radar. Chinese smarphone-maker Huawei’s sub-brand, Honor, recently announced a new smartphone named the Honor 7X that succeeds the Honor 6X, a popular budget smartphone which launched last year. The Honor 7X […]
Read moreBitcoin is a pure gamble, and those interested in the cryptocurrency should just go to Vegas, CNBC’s Jim Cramer warned on Wednesday. The cryptocurrency, which has surged more than 1,000 percent this year, broke above the $12,000 mark on Wednesday morning, according to industry site CoinDesk. Bitcoin’s rapid gains have prompted some market participants to […]
Read moreT-Mobile announced a $1.5 billion stuck buyback program on Wednesday morning. “Since launching Un-carrier, T-Mobile has delivered unmatched growth and continues to take share in a rapidly changing and competitive wireless industry. This repurchase program underscores our Board of Directors’ and management team’s confidence in our business and our commitment to creating value for shareholders,” […]
Read moreWith two exchanges set to begin offering bitcoin futures this month, a CFTC official said on Wednesday that government regulation aims to preserve the integrity of the contracts. “The exchanges are looking at the underlying cash contract to make sure it’s not manipulated,” Andrew Busch, chief market intelligence officer at the Commodity Futures Trading Commission, […]
Read moreWhile philanthropist Melinda Gates spends much of her time working with the Bill and Melinda Gates Foundation on ways to resolve and prevent global health crises, she has also brought attention to the lack of women and minorities in the industry where she started her professional career: technology. “Innovation happens when we approach urgent challenges […]
Read moreAn Israeli investment group focused on tech has raised $100 million for a fund to invest in financial technology (fintech) companies around the world. Viola, based in Herzliya, Israel, said its fintech fund is backed by a number of international banks, including Scotiabank and Bank Hapoalim, as well as insurer The Travelers Companies. The project […]
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