Snap is soaring ahead of its earnings Tuesday after the bell, and traders are expecting an even bigger move for the stock following its report. Since Snap’s IPO on March 2, shares have fallen more than 12 percent. As the company gears up for its third earnings report as a public company, the options market […]
Read moreFor years, Android lovers have had one great argument against the Apple iPhone: hardware specs. Many Android phones contained hardware that wowed, where the iPhone sometimes felt a little blah. The iPhone X changes the game. It takes all of those pieces reviewers and consumers have loved about Android phones and perfects them. Here’s a […]
Read moreBillionaire entrepreneur and financier Ray Dalio says there are two very different economic realities in the United States right now. That divide is threatening the nation’s stability, the Bridgewater Associates founder says, and it’s only going to get worse as technology replaces workers. “[T]here are two economies. We talk of ‘the economy.’ Recognize that you […]
Read moreThough Snap downloads rates are down, Instagram is beating it in ad sales, and Wall Street expects it to report another loss, there are signs the company might be gaining traction among advertisers. Companies like the fact that Snap’s users often don’t overlap with those of chief rival Instagram, meaning advertisers can reach a different […]
Read moreThe global stock rally has even more room to run, according to Credit Suisse’s top equity analysts. Global shares should see a healthy 6 percent surge until the middle of next year as a solid macro backdrop and earnings fuel the current wave of “rational exuberance,” according to Global Equity Strategist Andrew Garthwaite. “We have […]
Read moreShares of Blue Apron plummeted more than 15 percent on Tuesday after the meal-kit service’s CEO said the company’s new fulfillment center in Linden, New Jersey, was a drag on profits. “Today Linden is performing as our worst margin operating center because it’s very new,” CEO Matt Salzberg said during the RBC Capital Markets Technology, […]
Read moreArtificial intelligence (AI) is in its “infancy” and it’s too early to regulate the technology, Intel CEO Brian Krzanich told CNBC on Tuesday. Major figures in the technology and science world have warned of the potential dangers of artificial intelligence. Tesla and SpaceX CEO Elon Musk said the AI race could cause World War III, […]
Read moreOracle‘s co-chief executive Mark Hurd has pledged support to any tax change that allows the company to funnel its huge cash pile back into the United States. The U.S. government wants to reduce the federal corporate tax rate to 20 percent from its current maximum level of 35 percent. It also says profits that companies […]
Read moreMorgan Stanley has raised its forecast for oil prices through 2020, saying the world is hungry for more U.S. shale crude at a time when it’s uncertain American drillers can deliver it. The bank now sees international benchmark Brent crude fetching $62 a barrel in the final quarter of the year, up from an earlier […]
Read moreDrchrono, maker of an iPad-based electronic medical record, says it is the first third-party app to open up a medical record using Apple‘s Face ID. Starting Monday, iPhone X users can download the company’s app and simply look at the device to login. That’s a much faster alternative to typing in a username and password, […]
Read more