Declines in some of the stock market’s highest-flying technology stocks may have investors second-guessing, so CNBC’s Jim Cramer took to the fundamentals to help explain the drops. For example, recent talk of Apple’s iPhone 8 sales being worse than expected has weighed on shares of Apple as well as its suppliers. But Cramer said the […]
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While the market may seem fairly steady, CNBC’s Jim Cramer has noticed some major rotations swaying stocks below the surface as geopolitical tensions grow more strained. “The truth is we’re in unfamiliar territory here,” the “Mad Money” host said. “While I’m pretty sanguine about the broader market, I can’t blame anyone who wants to fall […]
Read moreTwenty years ago, the hardware economy was responsible for massive hard drives and clunky PCs. But one VMware executive told CNBC that there’s a new iteration at work. As more and more companies turn to cloud-based solutions in order to cut costs and connect with an increasingly digital world, Sanjay Poonen, VMware’s chief operating officer […]
Read moreFacebook CEO Mark Zuckerberg announced last week that he would sell up to 75 million shares — worth around $12 billion at current market value — in the next 18 months to fund his private investment company, the Chan Zuckerberg Initiative. That money will go to back a variety of progressive causes, including prison reform. […]
Read moreDeclines in some of the stock market’s highest-flying technology stocks may have investors second-guessing, so CNBC’s Jim Cramer took to the fundamentals to help explain the drops. “Let me give you my take on the dramatic see-saw-like action in the leaders of this market,” the “Mad Money” host said. “First, let’s tackle the real cause […]
Read moreThree different measures of valuation are leading one portfolio manager to approach the market with a cautious tone. “We’re concluding that we’re in a low-return environment and investors should be cautious,” on equities at this juncture, said Chad Morganlander, a portfolio manager at Washington Crossing Advisors. He considered three measures of valuation that leads him […]
Read moreInvesting giant Mike Novogratz may soon join the rush of new digital asset funds as the largest of them all. The head of Galaxy Investment Partners and former macro hedge fund manager at Fortress Investment is launching a $500 million fund to invest in digital assets like bitcoin, Bloomberg reported Tuesday, citing a person familiar […]
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Shares of Twilio were sharply lower on Tuesday afternoon after an announcement from Amazon saying that its Pinpoint system now allows users to trigger 2-way SMS messaging. Twilio fell 6.6 percent into the closing bell, though shares pared losses after hours. Amazon’s Pinpoint lets app managers “determine which push notifications to send, decide when to […]
Read moreTesla may be choosing Intel over Nvidia to make chips for the “infotainment” system in Tesla cars, Bloomberg reported Tuesday, citing unnamed sources. Intel shares were up slightly following the news. Intel chips will now power the on-board information and entertainment system behind the large screens in the center console of Tesla cars. Drivers control […]
Read moreSocial media upstart Snap may have braved the public market, but as of Tuesday, Pinterest doesn’t have an IPO announcement in the works, the CEO said. “Really, the company’s focused on two things,” CEO Ben Silbermann told CNBC’s Julia Boorstin in an interview that aired on “Closing Bell.“ “One is growing the user base …. […]
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