Election interference has opened the door for the government to clamp down on social media companies. But while executives from Facebook, Google and Twitter have made multiple trips to testify in front of Congress, there’s been no clear movement towards enforcement. Salesforce CEO Marc Benioff offered up an analogy: Treat social media like a health […]
Read moreUBS unveiled its favorite stock picks to its clients, predicting big gains for several stocks this year. The firm screened “for upside to price target, upside/downside skew, market cap, sector weightings and liquidity, we focused on stocks where we believe our analysts have a truly differentiated view vs. consensus,” UBS’ research team wrote Monday entitled […]
Read moreBillionaire and maverick entrepreneur Elon Musk is known for making what seem like wild predictions. The Tesla boss’s latest prophecy came Tuesday as part of the announcement of a new negotiated payment deal for the electric car company — Musk will be paid only if Tesla hits aggressive market capitalization and operations targets. Said Musk: […]
Read moreLate last week, Deadline reported that current CNN president Jeff Zucker was deep in talks with Disney’s Bob Iger about becoming the next president of ESPN, replacing John Skipper, who stepped down recently to deal with substance abuse issues. This report now appears to be in doubt, as the Sports Business Journal’s John Ourand said […]
Read moreGoogle’s Play Store is making a bigger push into selling audiobooks, the company announced Tuesday, putting it in more direct competition with Amazon-owned Audible. This move is particularly important as both Google and Amazon continue pushing their smart speaker lines, the Home and Echo respectively. Right now, there’s no integration between the Google Home and […]
Read moreBank of America Merrill Lynch strategists say this could be a record year for merger activity, and corporate spending should help continue to fuel stock market gains. The strategists Tuesday raised their target for the S&P 500 and said the long-awaited ‘great rotation’ of funds out of bonds and into stocks that would signal the […]
Read moreVerizon says employees, other than top management, will receive 50 shares of restricted stock, the price of which will be set on February 1. About 155,000 employees will be affected, Verizon CEO Lowell McAdam told CNBC’s “Fast Money: Halftime Report” on Tuesday. The award could total over $400 million, based on Verizon’s current share price. […]
Read moreA strategist with the highest S&P 500 target on Wall Street told CNBC on Tuesday he sees an 18 percent return this year due in part to the new Republican tax law. Keith Parker, head of U.S. equity strategy at UBS, projects the S&P will end the year at 3,150. So far this year, as […]
Read moreJared Smith represents a new breed of millennial: someone who saw the financial crisis unfold during his formative years but is now ready to step back into the arena and take some risk. The 31-year-old New Yorker is a big believer in stocks. While that seems like a no-brainer for a market that has skyrocketed […]
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Bitcoin jumped 10 percent Tuesday from session lows of below $10,000. The digital currency climbed above $10,900 in late morning trading, up 10 percent from a low of $9,972.29 hit early Tuesday morning, according to CoinDesk’s bitcoin price index, which tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex. The dip below $10,000 […]
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