Microsoft on Monday introduced a software bundle for so-called front-line workers like cashiers, truck drivers and factory employees. The announcement at Microsoft’s Ignite conference in Orlando, Florida, could help the company boost its usage and revenue numbers for some of its most important products at a time when it’s dealing with competition from Google’s Chrome […]
Read moreUber Chief Executive Dara Khosrowshahi admitted the firm “got things wrong” Monday in a plea to London after the ride-hailing app was stripped of its license to operate in Britain’s capital city. “While Uber has revolutionized the way people move in cities around the world, it’s equally true that we’ve got things wrong along the […]
Read moreThe Federal Reserve is on track to gradually raise interest rates given factors depressing inflation are “fading” and the U.S. economy’s fundamentals are sound, an influential Fed policymaker said on Monday. New York Fed President William Dudley, among the first U.S. central bankers to speak publicly since their decision last week to hold rates steady […]
Read moreApple’s rollout of two major iPhone models this year may cause short term issues for the company, according to one Wall Street firm. Citi Research lowered its earnings and sales estimates for the Apple’s September quarter, predicting lower than expected demand for the iPhone 8 will cause the company to miss the Wall Street consensus. […]
Read moreRelations between Iran and the U.S. grew more strained over the weekend after the Middle Eastern country successfully tested a new ballistic missile with a range of 2,000 kilometers. The Khorramshahr missile test took place Saturday; Iran state media said it could carry several warheads. The weapon was first seen during a military parade Friday, […]
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Apple investors are now suffering from an unusual condition: loss of money. After surging as much as 42 percent from the end of 2016 to the beginning of September, Apple has seen a bracing series of losses. The stock slid 5 percent last week alone, for its worst weekly performance in more than a year. […]
Read moreCurrency, United States Finance
What a weakened Merkel will mean for the euro currency in the coming months
The future seems a little more uncertain for the euro following the outcome of the German election. The common currency has been under pressure since markets opened Monday after provisional results showed a weakened Angela Merkel and a surging far-right Alternative for Germany (AfD) party that gained its first seats in parliament. The currency fell […]
Read moreCheck out which companies are making headlines before the bell: General Motors – Deutsche Bank upgraded the automaker’s stock to “buy” from “hold,” saying GM is poised to benefit from a much-faster-than-expected commercial deployment of autonomous vehicles. The firm also said the potential valuation of GM’s mobility business is “too big to ignore.” Facebook — […]
Read moreIndex funds have eased much of the decision-making process of investing, except when it comes to selecting your strategy. When financial advisor Tim Courtney evaluated a prospective client’s portfolio last year, he found the entire savings was placed in a myriad of different index funds. A good sign — had they not all tracked the […]
Read moreSwiss power grid maker ABB will pay $2.6 billion for General Electric’s Industrial Solutions business, it was announced Monday. Chief executive Ulrich Spiesshofer told CNBC he is “very confident” that ABB can build the unit back to a strong position. Spiesshofer said the unit, which has an EBITDA margin of only 6 percent, has strong […]
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