If you’re like me and the millions of other Americans who have canceled a cable television subscription over the past few years, you’re probably familiar with the phenomenon I’ve started calling “the hunt.” It goes like this: First, you decide to watch one of your favorite shows — HGTV’s “Fixer Upper,” in my case. You […]
Read moreA venture capital firm that’s feuding with other Uber shareholders has a message for Uber employees: The board, alongside former CEO Travis Kalanick, are not doing enough to turn the company around. Benchmark said in an open letter on Monday that Kalanick has remained involved in the day-to-day operations of Uber, undermining the CEO search. […]
Read moreNvidia shares surged 6 percent midday Monday, making up Friday’s giant drop and then some, after Canaccord Genuity told its clients to buy the “pullback.” The firm reiterated its buy rating on the chipmaker’s shares, predicting Nvidia’s data center sales will improve the next quarter. The company’s shares fell 5.3 percent on Friday, a day […]
Read moreApple and Aetna held a series of secret discussions last week to bring Apple’s health and fitness-tracking smartwatch to millions more people connected to Aetna, according to three people familiar with the matter. The insurer, which covers 23 million, currently offers an Apple Watch to its 50,000 employees as part of its corporate wellness program. […]
Read moreBMO Capital Markets sees an ‘open road’ ahead for Camping World Holdings after the outdoors equipment provider increased guidance and reported 20 percent sales growth in its second-quarter earnings report. “As the nation’s largest retailer of recreational vehicles (RV) and related products and services, Camping World Holdings benefits from robust growth in the RV industry,” […]
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Home Depot shares are up around 15 percent this year, but one top technician warns that the big-box retailer could be in trouble as it gears up to report earnings Tuesday before the bell. Fellow big retailers Target and Wal-Mart are also scheduled to report earnings this week, and the options market is implying about […]
Read moreA top Wall Street auto analyst is raising his price forecasts for Tesla. Morgan Stanley’s Adam Jonas told the firm’s clients the Model 3 production ramp is doing better than he expected. “We update our model with increased Model 3 unit forecasts, improved revenue and gross margin in energy, storage, and other, and (much) higher […]
Read moreAt OpenAI, the artificial intelligence lab founded by Tesla‘s chief executive, Elon Musk, machines are teaching themselves to behave like humans. But sometimes, this goes wrong. Sitting inside OpenAI’s San Francisco offices on a recent afternoon, the researcher Dario Amodei showed off an autonomous system that taught itself to play Coast Runners, an old boat-racing […]
Read moreTarget has for the past few months been reinvesting in itself, rolling out its own private-label brands and keeping especially quiet on the acquisition front, with rival Wal-Mart on a buying spree. Until now. Target announced plans on Monday to acquire Grand Junction, a San-Francisco based transportation technology company whose software manages retailers’ local deliveries. […]
Read moreLast week’s market drop on increasing tensions between the U.S. and North Korea, the second-worst weekly performance of the year by the S&P 500, was a great buying opportunity based on a history of past geopolitical events, even ones more serious than this one, says Credit Suisse. “Geopolitical shocks tend to provide a buying opportunity, […]
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