A large Apple supplier is going to disappoint investors, according to a top Wall Street firm. Goldman Sachs lowered its rating for Jabil shares to sell from neutral, predicting the Apple supplier will report earnings below expectations in fiscal 2019. The firm is downgrading the shares “given what we view as overly optimistic Street expectations. […]
Read morePizza Hut doesn’t want you to complain about lukewarm pizza. The chain is rolling out a redesigned delivery system that promises to keep pies 15 degrees hotter as they travel from stores to customers’ homes. It’s the latest move by the Yum Brands-owned pizza company, which has struggled in a competitive market to regain its […]
Read moreThe Russian technology company Yandex has launched an artificial intelligence (AI) assistant called “Alice”. Yandex, Russia’s largest search engine, said in a press release Tuesday that Alice is the first conversational online assistant, possessing “near-human levels of speech.” “We wanted Alice to interact with users more like a human, so that users don’t need to […]
Read moreFor all the talk about millennials preferring bitcoin and other investments over stocks, the co-founder of popular stock trading app Robinhood expects stocks to stay in favor. “I wouldn’t say that we’re anticipating a massive shift from stocks to cryptocurrencies,” Robinhood co-founder Vlad Tenev said. “We don’t see the equities market going away anytime soon.” […]
Read moreNvidia unveiled on Tuesday what it says is the world’s first artificial intelligence computer system designed to drive fully autonomous robotaxis, and said it plans to make a fleet of autonomous trucks. The company claims the new system, codenamed Pegasus, will handle Level 5 driverless vehicles — vehicles that can be operated entirely by sensors […]
Read moreData now supports changing the phrase to just “as American as Apple.” You can hold the pie. The CNBC All-America Economic Survey finds that 64 percent of Americans now own an Apple product, up from 50 percent when the question was last asked five years ago. The average American household reports owning 2.6 Apple products, […]
Read moreBitcoin suffered a brief slump in value on Tuesday morning following news that the Russian central bank is planning to ban websites that sell the cryptocurrency. The digital currency had hit a high of $4,867 early on Monday, according to industry website CoinDesk, its highest since September 2. But it dropped to a low of […]
Read moreFacebook Chief Executive Mark Zuckerberg was called a “heartless billionaire” and accused of “exploiting disaster” by online users after live-streaming a virtual reality (VR) cartoon avatar of himself in hurricane-hit Puerto Rico. Last month, Puerto Rico was badly hit by Hurricane Maria. Electricity is not up and running yet and millions of citizens are struggling […]
Read moreMicrosoft said on Monday it was looking into whether Russians bought U.S. election ads on its Bing search engine or on other Microsoft-owned products and platforms, after rival Google said it had discovered such ads on its products. A spokeswoman for Microsoft said in a statement in response to questions from Reuters that the company […]
Read moreWhen choosing between streaming service subscriptions, there are many things to consider — price, live channel offerings and number of simultaneous streams, for example. Another factor is the quality of original content. But if you can’t watch an episode of Netflix’s “Stranger Things” without a subscription, and you don’t know if you want a subscription […]
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