The Chicago Board Options Exchange, the largest U.S. options exchange, is planning to launch its own bitcoin derivatives trading products by early next year. Pending review from the U.S. Commodity Futures Trading Commission, the CBOE Futures Exchange plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, […]
Read moreMicrosoft just named artificial intelligence as one of its top priorities in a financial filing. The annual report for the company’s 2017 fiscal year, which ended on June 30, now includes six references to AI, up from zero in the previous annual report. And the company has plunked AI into its corporate vision statement, too. […]
Read moreCheck out which companies are making headlines after the bell on Wednesday: Tesla shares gained 6 percent after the company reported a narrower-than expected loss. The electric automaker also reported strong revenue amid deliveries of its Model S sedans and Model X SUVs. Shares of Fitbit gained as much as 8 percent after the company […]
Read moreApple is suddenly looking to hire a bunch of map tech experts. More than 70 job listings went live in the past month on the company’s site relating to its maps team, or requiring skills around things like: “geospatial information services,” “navigational aids” and “fleet management.” That’s a lot of hiring around one discipline even […]
Read moreWhatsApp is testing a new feature that could let users communicate with companies via secure messages, part of a broader overhaul to make the service more business friendly. The tool will allow users to see whether a business account has been verified by WhatsApp before initiating a conversation. Currently, the feature, which has been downloaded […]
Read moreSquare shares climbed in after-hours trading Wednesday after the company reported second-quarter results that beat analyst expectations. Here’s how the company did compared to what Wall Street expected: Loss per share: 4 cents vs. 5 cents, according to Thomson Reuters consensus. Revenue: $552 million vs. $536.3 million, according to Thomson Reuters consensus. Gross payment volume: […]
Read moreFitbit reported quarterly results and revenue that beat analysts’ expectations on Wednesday. Here’s how the company did compared to what Wall Street expected: Loss per share: 8 cents vs. 15 cents expected, according to Thomson Reuters Revenue: $353.3 million vs. $341.6 million expected, according to Thomson Reuters In the year-ago period, Fitbit reported earnings of […]
Read more
Goldman Sachs expects Boeing, Tiffany and some health care companies to benefit from the diving U.S. dollar. “The ripple effects of a weaker dollar benefit US stocks with overseas sales,” David Kostin, chief U.S. equity strategist at Goldman Sachs, said in a report published late Tuesday with other analysts. The U.S. dollar index has fallen […]
Read moreSnap is facing yet another dilemma as advertisers are increasingly losing interest in the platform. With all the other challenges the company faces — not the least of which is a cratering stock — the company badly needs to show investors that it is a unique way for advertisers to reach the coveted young demographic. […]
Read moreApple‘s HomePod smart speaker contains code that may offer a hint as to what’s to come in the iPhone 8. The code, uncovered by a developer named Guilherme Rambo and spotted by MacRumors, points to a new “SmartCamera” function that may appear on the new iPhone. Rambo noticed strings referencing different settings for fireworks, foliage, […]
Read more