After Verizon and AT&T topped Wall Street’s earnings estimates with their second-quarter results, Jim Cramer wondered if there might be more steam ahead for the telecom giants. “Are the empires striking back?” the “Mad Money” host asked. Verizon’s earnings beat was driven in part by the addition of 614,000 wireless, post-paid subscribers, up from a […]
Read moreThe days of “couch potato” gamer stereotypes are long over, as the burgeoning eSports industry rakes in hundreds of millions of dollars each year. The trend’s top beneficiaries include Logitech, the Swiss maker of computer accessories like keyboards, headphones and high-end gaming gear, and its CEO, Bracken Darrell, is thrilled to be a part of […]
Read moreDays when the stock market’s top performers fall out of favor with Wall Street and investors turn to stocks they previously hated remind Jim Cramer of what sell-offs are really about. “[It’s] a chance to identify red-hot stocks that may have gotten away from you — but you didn’t want to chase then because you […]
Read moreInvestors shouldn’t worry too much about Amazon‘s big earnings miss, strategists told CNBC’s “Closing Bell.” Shares of Amazon fell nearly 3 percent after it reported 40 cents earnings per share, falling far short of analysts’ expectations of $1.42 earnings per share. Amazon’s $37.96 billion in revenue beat Wall Street’s estimates of $37.18. Amazon is a […]
Read moreStart-up Thalmic Labs, which received venture funding from Amazon and Intel last year, is working on a wearable device that “will change the way people interact with technology,” co-founder and CEO Stephen Lake told CNBC. “At a really high level what we’ve been thinking about is what do our interactions as humans with the digital […]
Read moreJeff Bezos was the richest man in the world for a time on Wednesday, with a fortune of over $90 billion. According to Forbes and Bloomberg, the Amazon CEO had a net worth of over $89 billion as of the close of markets Wednesday, while Bill Gates had a net worth of just over $90 […]
Read moreSAN FRANCISCO — SpaceX, the rocket maker founded by billionaire Elon Musk, has raised up to $350 million in new financing and is now valued at around $21 billion, making it one of the most valuable privately held companies in the world. SpaceX’s new financing was disclosed in public filings that were obtained by Equidate, […]
Read moreEarnings are humming along, with gains of more than 10 percent now expected for the S&P 500 in the second quarter. There’s one potential fly in the ointment: Big Oil. ExxonMobil, Chevron and other Big Oil names will begin reporting on Friday. Something unusual is happening: because oil never rallied in the second quarter as […]
Read moreAmazon on Thursday reported its Amazon Web Services public cloud generated $916 million in operating income on $4.10 billion in revenue in the second quarter of this year. Revenue for the AWS business increased by 42 percent year over year, higher than analysts’ expectations according to FactSet. Analysts had expected $1.01 billion in operating income […]
Read moreOn Thursday, FDA commissioner Scott Gottlieb announced a pilot program to look into a “pre-certification” for medical software start-ups. And even the FDA’s harshest critics are excited about it. “I guess I’ve grown cynical in my old age, as I’ve watched administrations come and go,” said Bradley Merrill Thompson, an FDA expert and lawyer with […]
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