Lamborghini’s next version of its Huracan will be a plug-in hybrid, according to Autocar. The car is scheduled for release in 2022. It is the second hybrid vehicle Lamborghini plans to make. The Italian carmaker plans to debut its hybrid Urus SUV in December. The vehicle will offer an electric-only mode, Autocar said. Lamborghini was […]
Read moreMicrosoft on Tuesday confirmed that a longtime executive, Julie Larson-Green, is leaving the company. The news comes a few months after Larson-Green stepped back from her role as chief experience officer for Office productivity as she was recovering from surgery. Larson-Green joined Microsoft in 1993, a year after the arrival of the company’s current CEO, […]
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Bank of America Merrill Lynch sees the size of the space industry octupling over the next three decades, to at least $2.7 trillion. “We are entering an exciting era in space where we expect more advances in the next few decades than throughout human history,” the firm wrote in a report on Monday. As the […]
Read moreThe first of three highly anticipated Senate hearings with executives from Facebook, Twitter and Google regarding Russian interference in the 2016 election is scheduled to start on Tuesday. A subcommittee of the Senate Judiciary Committee is holding the hearing on how to combat extremist content and Russian disinformation online. Facebook general counsel Colin Stretch, Twitter […]
Read moreTax reform is on the agenda this week and strategists at Morgan Stanley laid out how they think the stock market will react to the unfolding drama through the end of the year and maybe into 2018. Lawmakers are expected to release the first draft of a tax reform bill this week. President Donald Trump […]
Read moreAlibaba founder Jack Ma may be sitting at the helm of an e-commerce giant racing towards a $500 billion market capitalization and competing against Amazon, but the 53-year-old former English teacher, who is now worth almost $40 billion, is clearly taking time to enjoy life. The tech exec will star in a short movie promoting […]
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Chip stocks are surging and it bodes well for the broader technology sector going forward. Samsung Electronics posted a record third-quarter profit Tuesday and gave a bullish outlook for 2018 due to strong demand for its memory chips, driving the semiconductor industry shares higher. Memory maker Micron’s stock rose 6 percent following the report. The […]
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As the stock market keeps moving higher, valuations have reached an ominous level that comes appropriately enough on Halloween. The Shiller CAPE ratio, which compares stock prices to their earnings over a 10-year period, is at 31.43, about where it was when then-Fed Chairman Alan Greenspan gave his widely cited “irrational exuberance” speech in December […]
Read moreThe comedian Dana Carvey once asked the question, “Don’t you love the pharmacy?” The 5-minute bit that followed highlighted all the awkward, confusing, and often frustrating elements of the pharmacy experience. The audience was with him the whole time. Whether or not Amazon CEO Jeff Bezos watched Carvey’s show, many in the industry agree that […]
Read moreBig tech will be under the gun in Washington this week, with Facebook, Twitter and Google scheduled to testify at congressional hearings on foreign election intervention. But investors shouldn’t worry much about potential fallout, Bob Peck, head of internet investment banking at Credit Suisse, said Tuesday. “It’s very important and very serious,” Peck told CNBC’s […]
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