Citron Research’s Andrew Left, who gained notoriety for successful bets against companies such as Valeant Pharmaceuticals, called Ubiquiti Networks a “fraud” on CNBC Monday. “The word fraud I use very judiciously,” Left said in an exclusive interview on CNBC’s “Halftime Report.” “I think when you look at all these red flags it doesn’t take a […]
Read moreIntel on Monday said that its processors are inside of Alphabet’s Waymo self-driving cars. The deal dates to 2009, since the inception of Google’s car program. Intel stock rose slightly after announcing the news in a blog post. The deal is fascinating on a few fronts. For one, it shows Intel has a household name […]
Read moreWall Street analyst Mark Mahaney suggests that Netflix is on track to leverage its strong hold in the United States and continue to notch “material” penetration in international markets. “Netflix has achieved a level of sustainable scale, growth, and profitability that isn’t currently reflected in its stock price,” wrote RBC Capital Markets analyst Mahaney in […]
Read moreMicrosoft CEO Satya Nadella could have gone down a very different career path. Nadella has spent almost his entire career working up the ranks at Microsoft. But at one point, Amazon CEO Jeff Bezos tried to get him to jump ship, according to a profile of Nadella in Fast Company. “Early on, Jeff Bezos was […]
Read moreApple’s smartwatch and iPhone announcements last week set off a wave of excitement among consumers and investors. But they also highlighted a harsh reality for start-ups — it’s nearly impossible to compete with big brands in consumer electronics. Those following in the footsteps of DJ, GoPro, Fitbit or Keurig are now finding it hard to […]
Read moreThere are features in the iPhone X I’ll probably miss. The display stretches across the entire screen and is supposed to be brighter and clearer than current iPhone screens. This is probably the one reason I’ll regret my decision, since I love big screens and don’t like a big phone hogging space in my pocket. […]
Read moreAmerican internet giants “should pay their fair share of tax” — and likely will under a new EU system, according to Pierre Moscovici, EU Commissioner for Economic and Financial Affairs, Taxation and Customs. “We must tax those companies as we do the so-called classical economy,” Moscovici told CNBC’s “Squawk on the Street” Monday. The Commission […]
Read moreBillionaire tech entrepreneur Elon Musk is the CEO of electric car company Tesla, the CEO of aerospace company SpaceX, a co-founder of the non-profit Open AI, he’s launching a tunneling company called The Boring Company and is starting a company aimed at connecting the human brain with computing power called Neuralink. And though he is […]
Read moreBrad McMillan — who counsels independent financial advisors representing $114 billion in assets under management — told CNBC on Monday that the stock market is way overvalued. “The market probably would have to drop somewhere between 30 and 40 percent to get to fair value, based on historical standards,” said McMillan, chief investment officer at […]
Read moreCitron Research’s Andrew Left, who gained notoriety for successful bets against companies such as Valeant Pharmaceuticals, on Monday posted a bearish report on Ubiquiti Networks. Shares of Ubiquiti plunged 8 percent after the short seller released his report. The company makes wireless networking products and its CEO is Robert Pera, majority owner of the Memphis […]
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