The war over who will create the framework for next-generation artificial intelligence will likely be the biggest corporate battle in the near future, Applied Materials President and CEO Gary Dickerson told CNBC on Thursday. In an interview with “Mad Money” host Jim Cramer, Dickerson said that waiting for operating system upgrades and new mobile phone […]
Read moreAs e-commerce grows increasingly competitive, CNBC’s Jim Cramer revisited Wayfair, one of the space’s most hotly contested stocks, to see how it was faring on Wall Street. “It seems like every time some analyst comes out with a positive piece of research on Wayfair, someone else comes back with a bearish retort,” the “Mad Money” […]
Read moreWhole Foods, which was recently acquired by Amazon, suffered a data breach of credit card information used in taprooms and full table-service restaurants in some of the grocery chain’s stores, the company said Thursday. Whole Foods noted these venues use a different point-of-sale system than the main checkout systems. Credit cards used at those systems […]
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One of the largest sellers of exchange-traded funds has filed for two bitcoin ETFs. ProShares, which has about $29 billion in assets under management, filed Wednesday with the U.S. Securities and Exchange Commission for a ProShares Bitcoin ETF and ProShares Short Bitcoin ETF. The two ETFs plan to track bitcoin futures contracts traded on the […]
Read moreTwitter sold more than $270,000 of ads to Russia-linked accounts during the 2016 election, the company said Thursday, further detailing the extent of potential foreign influence that’s spurred Senate investigations and calls for greater regulation. Twitter accounts affiliated with Russia Today, an outlet with “strong links” to the Russian government,” promoted more than 1,800 tweets […]
Read moreAmazon’s acquisition of Whole Foods has instantly helped the high-end grocery chain shed its “whole paycheck” nickname, said CEO John Mackey, according to a report in Food Business News. At a conference last week, Mackey said he couldn’t elude the moniker and even compared himself to the magician Harry Houdini, who’s best known for his […]
Read moreToday Southwest Airlines and Sherwin-Williams both said revenue would be lower because of Hurricanes Harvey, Irma and Maria. They join a growing list of companies affected in one way or another by the storms: Hurricane Impact on Earnings Southwest Airlines: lowered Q3 revs.Sherwin-Williams: cut Q3 guidanceCarnival Cruise Line: cut Q4 EPSDR Horton: cut Q4 guidanceCarMax: […]
Read moreWith Roku’s 50 percent surge in its market debut, investors are valuing the company more like an internet software and services provider than a maker of a consumer device. Roku’s $2 billion stock market value, following its opening-day pop, gives the company a price-to-sales ratio of 5.2, according to FactSet. That’s a big premium over […]
Read moreApplied Materials is going to ride the wave of growth from almost every major technology trend in the coming years, according to a top Wall Street firm. JPMorgan reiterated its overweight rating for the semiconductor capital equipment maker, predicting Applied Materials will report earnings above Wall Street expectations next year. The company’s shares are up […]
Read moreIt’s almost 11 p.m. in Man Group‘s offices in London. The humans have all gone home. But the computers are just waking up. Man runs about $43 billion in assets through quantitative trading. Algorithms do most of the work, with people writing the code to build them and monitor for any anomalies after the fact. […]
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