Snap dropped more than 18 percent after it missed on revenue during its third quarter earnings Tuesday. Here are the headline numbers: Revenue: $207.9 million versus $236.9 million expected Earnings: Loss of 14 cents per share versus loss of 15 cents per share expected Daily active users (DAUs): 178 million versus 181.8 million expected Average […]
Read moreSelf-driving cars are coming very soon, and will replace the human-driven variety faster than most people think, according to Bob Lutz, the former vice chairman of product development for General Motors. “It is absolutely inevitable — human-driven vehicles are on their way out,” Lutz told CNBC’s “Squawk on the Street” on Tuesday. “From a standpoint […]
Read moreUber’s new CEO had employees write and vote on cultural guidelines for the workplace — and the results should look familiar to anyone that works in the technology industry. There were about 1,200 submissions from Uber employees, and the final rules were voted on 22,000 times, according to CEO Dara Khosrowshahi, who shared the results […]
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I’ve shopped for glasses once in my life and it took me hours to find the right pair, mainly because everything seemed to look so awkward on my face. Warby Parker, which makes its business sending samples out to customers who can then select and buy the glasses they like most, is now using new […]
Read moreAs the dollar closes in on four-month highs and West Texas Intermediate crude takes a pause, here are some moves I’m watching for Tuesday. 1. The dollar index is poised for further gains after an aggressive downside rejection on Thursday. If the December dollar index can settle above 95.05, I expect significant upside. Remember, the […]
Read moreVanguard founder and former CEO Jack Bogle is not a believer in trading ‘FANG’ stocks. When asked about Intercontinental Exchange launching a FANG+ index futures contract for traders on Wednesday, Bogle blasted the idea. The product enables investors to trade an index that tracks the performance of Facebook, Apple, Amazon, Netflix, and Google-parent Alphabet, along […]
Read moreHumans will turn the planet into a giant ball of fire by the year 2600, said physicist Stephen Hawking. Overcrowding and energy consumption will render Earth uninhabitable in just a few centuries, Hawking said via video on Sunday at the Tencent WE Summit in Beijing. To avoid this fate, Hawking said the human species will […]
Read moreThe proposed Republican tax cuts will not pay for themselves through growth, and add “significantly” to the long-term United States debt, Fitch Ratings said in a Tuesday report. The estimates from the credit rating agency undercut a key argument of the GOP bill: that chopping tax rates will spark major economic growth and cancel out […]
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President Donald Trump‘s election led to a boom in the stock market and a resulting surge of money into the investment funds. In fact, since the Republican’s victory — Wednesday will mark the one-year anniversary — assets under management for mutual and exchange-traded funds surged about 16 percent, or $2.9 trillion, to $21.1 trillion, according […]
Read moreSince last year’s election, stock market investors have been betting big that President Donald Trump will enact policies that will boost corporate profits, cut taxes, slash regulations and sustain a postelection rally not seen in decades. Now, many investors are still waiting for the White House and GOP Congress to deliver on Trump’s campaign promises. […]
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