Big-bank stocks could be ready to make a move after a five-month run of doing pretty much nothing, according to a Goldman Sachs analysis. A surge in dividends and share buybacks coupled with growing prospects of regulatory rollbacks are bolstering the case for the largest financial institutions, analyst Richard Ramsden said in a research note. […]
Read moreElon Musk is a self-made billionaire 16 times over. He’s the entrepreneur that other entrepreneurs admire the most. He’s the founder and CEO of Tesla and SpaceX, among other epic world-changing companies. He is even dating a Hollywood actress. He’s got the good life, right? But that doesn’t mean it’s easy. Sunday, the billionaire entrepreneur […]
Read moreAmazon has made a number of major acquisitions this year, sparking a frenzy of speculation over what it would go after next. Just this year, it made two blockbuster deals, with Whole Foods and Souq.com, and was rumored to be in the hunt for Slack and Shopify, each worth billions of dollars. That’s a huge […]
Read moreMicrosoft shares are falling in part because the company gave declining profit margin guidance for the next fiscal year during its mid July earnings report. However, Cowen predicts the worries are overstated and the software giant will report profitability above expectations. As a result, it reiterated its outperform rating on its shares. “We have confidence […]
Read moreBitcoin faces a pivotal moment as investors are about to receive an entirely new asset called Bitcoin Cash after the blockchain supporting the cryptocurrency is forced to split in two. “The creation of Bitcoin Cash is certainly a pivotal moment for Bitcoin and its community,” Charles Hayter, founder of digital currency comparison website CryptoCompare, told […]
Read moreSnap‘s stock whipsawed this month, with Wall Street analysts torn on whether the shares are worth more or less than the $17 IPO price it received in March. And it’s about to face its biggest challenge in a while, as its lockup period ends. Among finance types, one explanation of Snap’s unrest has been the […]
Read moreWhen it comes to picking a hotel room, millennials prefer a deal on a picture-perfect room they can share on social media over saving money on a cheaper room, according to data from mobile travel app HotelTonight. “Fundamentally they are different as a generation extends to how they travel and how they really travel for […]
Read moreDutch police arrested five Romanian men suspected of stealing iPhones worth 500,000 euros ($590,000) in a dangerous heist on a moving truck, a spokesman said Monday. The five men, aged from 33 to 43, allegedly stole the iPhones in a late-night raid a week ago by driving a modified van so close to the delivery […]
Read moreCurrency, United States Finance
Russia follows China in tightening internet restrictions, raising fresh censorship concerns
Russia has passed a law banning software that allows users to view internet sites barred in the country anonymously. President Vladimir Putin signed the bill prohibiting virtual private networks (VPNs) and other technologies that anonymize users, according to the government’s website on Sunday. The law, which was approved by the Duma (Russian parliament) earlier this […]
Read moreThree years, near-billion dollar settlements in China and South Korea and a slew of litigation with Apple later, Qualcomm CEO Steve Mollenkopf says it’s the uniqueness of his business model that has drawn such international scrutiny. “It’s unique so it’s easy to attack,” Qualcomm CEO Steve Mollenkopf told CNBC’s Squawk on the Street Monday. “It […]
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