Mining stocks led the S&P 500 higher on Tuesday on strong quarterly results and a surge in copper prices. Shares of Freeport-McMoRan and Newmont Mining popped 14.8 percent and 7.1 percent, respectively, outperforming the rest of the S&P. The two were the top performers in the benchmark during Tuesday trading. Freeport posted an adjusted profit […]
Read moreApple’s share of the Chinese smartphone market fell last quarter, according to one analysis, representing the waning dominance of the iPhone ahead of a major milestone. Local brand Xiaomi snagged the fourth-place spot that was held by Apple, leaving Apple at No. 5, according to Canalys, an independent analyst company. Samsung is also in the […]
Read moreFormer Twitter CEO Dick Costolo agrees withElon Musk that Facebook CEO Mark Zuckerberg might be underestimating the potential dangers of artificial intelligence. “I’ll play diplomat and say I think what Elon meant to say is that Mark’s view of this is optimistic. I do tend to take the more pessimistic view that it will be […]
Read moreThe rise of autonomous driving cars is one of the hottest, most anticipated technology trends for the next decade. Jefferies shared its top picks to ride the self-driving boom and other big car technology changes. “We believe Delphi Automotive and BorgWarner remain best positioned to benefit from ongoing secular auto tech shifts,” analyst David Kelley […]
Read moreTrump's attacks on Amazon seen as 'disconcerting and extreme' in Silicon Valley, ex-Twitter CEO says
Amazon got more heat from the White House this week, and former Twitter CEO Dick Costolo said it’s sending shivers down the spines of CEOs across the technology sector. “Your hackles are certainly up about things like the word ‘monopoly,’ and worrying that general political views could be used against you to artificially constrain your […]
Read moreUber wants to respond better to drivers’ complaints. It has been on a campaign to retain its drivers and recruit new ones, and last month, the company started by rolling out an in-app tipping feature in addition to things like paying drivers for the time they wait for passengers after two minutes. This time, the […]
Read moreAdobe on Tuesday said it will stop updating and distributing the Flash technology for playing multimedia on the web by 2020. The company is collaborating with Alphabet, Apple, Facebook, Microsoft and Mozilla in the effort but will provide support for and updates to the software until the end-of-life date. Meanwhile, Adobe will “encourage content creators […]
Read moreTipRanks has identified the top analysts in technology coverage and found which virtual reality (VR) stocks they like the most. TipRanks uses a natural language-processing algorithm to rank analysts based on two factors: average return of buy-sell recommendations and success rate of buy-sell recommendations. TipRanks’ stock screener identified the “best analyst consensus” stocks in the […]
Read moreChipotle shares are down 8 percent in the past week after reports of a Norovirus outbreak in a Virginia restaurant and mice sightings in Dallas sent investors fleeing from the stock. According to Mike Khouw of Optimize Advisors, there has been a huge spike in unusual activity in the options market after the incidents. “We […]
Read moreAnthony Scaramucci is well-known on Wall Street. And Washington. And Singapore. And Davos. And in virtually every other corner of the world where the carefully honed practice of high finance is practiced. So seeing him at a senior-level post in the White House might not come as much of a surprise. To see him running […]
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