As the most valuable American company by market capitalization, Apple‘s financial results are an event that often has markets on edge. But as expectations for the next iPhone overshadow spring sales, the top and bottom line may not top of mind for many on Wall Street. Luckily, Tuesday night’s report promises a wealth of data […]
Read moreDow transports and Dow industrials diverged in July: here’s what it means. While transports fell 4 percent last month, the Dow industrials rose almost 3 percent. This divergence is notable since transports had just hit new highs. But across the board, airlines, railroads, truckers and logistics firms declined. What’s going on? You can only stretch […]
Read moreApple needs to increase its market share in China, but it shouldn’t have bowed to the country’s smartphone demands to do so. By removingVPN applications from the iTunes App Store in China earlier this week, it helps the government stifle its residents’ access to internet content it deems inappropriate, including news from around the world. […]
Read moreMicrosoft is now officially selling mixed reality headsets built by Acer and HP. The headsets cost $299 and $329, respectively, and offer relatively similar specs. If you have a computer powerful enough to support them — you’ll need a modern graphics processor such as an NVIDIA GeForce 1060 to begin — the headsets are capable […]
Read moreProcter & Gamble blasted Nelson Peltz’s efforts to join the consumer goods conglomerate’s board, saying the investor was not entitled to a seat and that he was being wrongly advised by people who were not in tune with the company’s operations. P&G’s salvo comes weeks after Peltz’s Trian Fund Management sought a board seat for […]
Read moreA day where shoppers don’t even have to think about what they need to purchase — let alone push a button — is quickly approaching, Chieh Huang, Boxed co-founder and CEO, said Tuesday on CNBC’s “Squawk Box.” “The machine learning algorithm is getting better and better” in being used in e-commerce, he said. Boxed, started […]
Read more
Oil prices plunged back below $49 a barrel on Tuesday after another report that OPEC’s output rose last month despite the cartel’s deal to slash production. A survey of analysts conducted by Bloomberg News suggested OPEC’s July output rose by 210,000 barrels a day to 32.87 million barrels a day. That was a bigger jump […]
Read moreSnap‘s stock is boxed into a corner, and CEO Evan Spiegel’s quest to hoard control of his company may be a factor. Shares fell more than 2.5 percent on Tuesday morning after the S&P 500 made an unexpected change that will prevent Snap from joining the index. The conflict centers on the co-founders’ decision to […]
Read more
Mutual funds are piling into technology stocks to a record level, according to a latest active managers holdings report from Bank of America Merrill Lynch. But the overweighting may not be bullish for the sector going forward. In July “large cap active managers have yet again increased their positioning in tech, setting another record overweight […]
Read moreInvestors expecting an economic boom under President Donald Trump are now bailing and taking their cash overseas, global investment guru Mark Mobius told CNBC on Tuesday. “As it turns out, I think money is probably now retreating the U.S., taking some of the profits out of the U.S.,” the executive chairman at Templeton Emerging Markets […]
Read more