Facebook hoping to court more video creators to its platform with the launch of a new app. The Facebook Creator App will make it easier for users to create original video and livestreams via their mobile devices. It will also give them new tools, including the ability to add intros or outros to live broadcasts, […]
Read moreTwo and a half months before MongoDB revealed plans to go public, its board members still faced “tremendous uncertainty” about going public, and weren’t sure if the company would go public this year or later, according to a newly posted regulatory filing. The disclosure came on Oct. 3, two weeks after the database software company’s […]
Read moreOnline personal shopping company Stitch Fix is likely to price its IPO below its targeted $18 to $20 range and roughly $1.8 billion valuation, the Wall Street Journal reported on Thursday. It is more likely to price the IPO at $15 to $16 a piece. Stitch Fix founder, Katrina Lake, will no longer sell $1 […]
Read moreThe U.S. Federal Communications Commission on Thursday voted to undo key roadblocks to increased consolidation among media companies, potentially unleashing new deals among TV, radio and newspaper owners as they seek to better compete with online media. The Republican-led FCC voted 3-2 to eliminate the 42-year-old ban on cross-ownership of a newspaper and TV station […]
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Several stocks are trading at extreme levels, and a top technician says one name has even more room to run. In the S&P 500, 17 stocks are trading 25 percent or more above their 200-day moving average. Among them are Nvidia, Michael Kors, PayPal, Estee Lauder and PulteGroup. Although retailer Michael Kors is trading 36 […]
Read moreIntuitive Surgical’s robots will expand to new applications and boost the company’s sales, according to a top Wall Street firm. Goldman Sachs reiterated its buy rating for the surgical robot maker, predicting the company will report earnings above expectations next year. “Our latest checks with management and physician users leave us incrementally bullish on the […]
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If you have a loved one who’s always looking down at their iPhone, then there are a few gifts you should know about. Don’t worry, I know that shopping for Apple fans can be a bit … expensive, so I’ve included a variety of gadgets ranging from the affordable to the expensive end of the […]
Read moreRepublicans passing a tax reform bill would be nice for stocks, but strong earnings are really what will take the market higher, closely followed strategist Bob Doll told CNBC on Thursday. Tax reform “is important, but it’s not the whole ball game,” said Doll, Nuveen Asset Management’s chief equity strategist. “The ball game is earnings. […]
Read more[The stream is slated to start at 1:15 p.m., ET. Please refresh the page if you do not see a player above at that time.] Former CEO of General Electric Jeff Immelt will speak with Axios on Thursday at the “Smarter Faster Revolution” event at the University of North Carolina at Chapel Hill. While the […]
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Chinese traders on the Shanghai Futures Exchange are increasingly influencing the price for copper, rather than on the London Metal Exchange, analysts say. “We’re seeing the center of gravity in the metals pricing shift to China,” said Dane Davis, commodities research analyst at Barclays. China accounts for nearly half of the world’s consumption of copper, […]
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