Chris Saad, the head of Uber’s developer platform, is leaving the company after close to two years, sources tell Recode. Saad, who worked on creating technology tools for developers looking to integrate Uber services, has been vocal about his disappointment with former Uber CEO Travis Kalanick’s forced resignation. “Travis embodied (and in some cases taught) […]
Read moreIt’s been another ugly day for “Big Energy,” with 52-week lows again for everything across the board, including big oil like Exxon Mobil; oil service names like Schlumberger and Halliburton; exploration and production names like Hess, Apache, Anadarko and Noble Energy; and drillers like Ensco, Transocean, Rowan and Nabors. What’s going on? Another epic miss […]
Read moreThe CBOE volatility index, widely regarded as Wall Street’s “fear gauge” that measures implied market volatility, has traded in a narrow range this year, at one point hitting its lowest level on record. But all that’s about to change, one market strategist forecast in a note to clients on Tuesday. “We experienced a tremor last […]
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TRYING to stop Britons from boozing can be a forlorn task. Drinking has been woven into the nation’s culture for centuries, from the “loose-tongued” pilgrims of Chaucer to the apprentices who ran amok on London’s streets in the 16th century. According to Susie Dent, a lexicographer, English has 3,000 words for being drunk. Some take […]
Read moreThe observant Apple analyst Toni Sacconaghi of Bernstein Research put out a pointed note Monday about Apple’s growing services business. Two of his projections jumped out at me. The first was in his headline: He estimates that through licensing deals to secure its search engine as the default option on Apple’s phones, Google will pay […]
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Tuesday’s sell-off in both bitcoin and gold has many suspecting that the two are correlated, but Todd Gordon thinks that not only is there no such relationship, bitcoin is also the better bet for a rally. The TradingAnalysis.com founder says that while a shorter-term chart of bitcoin and gold together may show that the two […]
Read moreFormer President Barack Obama tweeted a picture and a quote in response to the violence in Charlottesville, Virginia, this weekend, and he has gotten a nearly record-setting amount of engagement from Twitter users. The first of his series of threaded tweets has accumulated about 2.6 million “likes,” putting it in the running to become the […]
Read moreDavid Tepper of Appaloosa Management, one the most respected and legendary investors in the hedge fund business, is betting big on technology. “Any comparisons to past overheated markets are ridiculous … Look at where multiples and rates were in 1999. I’m not saying stocks are screaming cheap, but you’re nowhere near an overheated market,” Tepper […]
Read moreThere’s a lot of mystique about what happens at board meetings and a lot of imagined board-room drama. I read commentary or Twitter or blogs and realize that there are also strongly held convictions that there are these evil VCs who do terrible things to mostly altruistic founders. The image of boards and of investors […]
Read moreHome Depot is down more than 3 percent despite a stellar earnings report that posted its highest quarterly sales in the company’s history. What’s going on? Simply put, continuing fears of the “Amazonification” of retail is hitting the sector hard today, and Home Depot—long considered immune from the Amazon effect—is getting swept up in the […]
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