There’s a reason tech has been the worst performing sector this week as the tax bill makes its way through Congress — it’s the sector that benefits the least and could even pay more. The prospects for a 20 percent tax cut turbocharged the stock market Thursday as the Senate moved closer to a vote, […]
Read moreIt’s taken three and a half decades, but Microsoft has finally made the ultimate mouse. The Bluetooth-enabled Surface Precision Mouse, which Microsoft revealed in October alongside the second generation of its high-end Surface Book convertible laptop, is very comfortable while still looking elegant. It’s got six customizable buttons, a rechargeable battery, a thumb rest, and […]
Read moreSilicon Valley payments start-up Stripe has hired David Singleton, the man leading Google’s Android Wear and Google Fit teams, to be its new head of engineering, the company confirmed to CNBC. Axios first reported the hire. Singleton had been Google’s “smartwatch king” since 2013 when he was appointed as the director of Android Wear. During […]
Read moreWho Says Elephants Can’t Dance? This was CEO Lou Gerstner’s book title back in 2003 about bringing IBM back from the brink of insolvency to lead the computer business once again. When you look at IBM today, the last time revenue grew year-over-year was back in the March quarter of 2012. That is not a […]
Read moreMost of Amazon founder Jeff Bezos‘ relatively few Instagram posts highlight milestones achieved by his various teams. For example, he posted an update to the construction of a facility where Blue Origin rockets will be built and another promoted the latest Amazon wind farm. But his latest post stands out: Bezos congratulates his Amazon Web […]
Read moreA report that said Michael Flynn was directed by President Donald Trump to talk to Russians couldn’t have come at a more “delicate time,” closely followed trader Art Cashin told CNBC on Friday. The Dow Jones industrial average plummeted on Friday after The Associated Press and ABC News reported that Flynn, Trump’s former national security […]
Read more
THEY have been at this a long time. In 1994 Republicans, newly in charge of Congress, held hearings on what would come to be called “dynamic scoring”. Bills, they said, should be evaluated using the predictive power of macroeconomic models. If the model predicts more GDP growth, then it could be inferred that the growth […]
Read moreFacebook users spend upwards of 50 minutes a day on the platform — and as long as at least 7 of those are in the new video tab, it’s a good deal for the company, one analyst says. Morgan Stanley analyst Brian Nowak estimates that Facebook will make $565 million in revenue from the “Watch” […]
Read moreBitcoin’s giant move upward is far from done, according to tech investor and stock picker James Altucher. According to Altucher, society has made major changes to its currency a few times in history: Gold replaced barter as a transactional currency; paper money replaced gold as a store of value; and bitcoin and other cryptocurrencies are […]
Read moreA potential tie-up between CVS Health and insurer Aetna may force the health-care industry to rethink and further shuffle ownership. One analyst sees a natural connection between Wal-Mart and Humana as reason the retail giant could acquire the health insurer. Humana steers its members to Wal-Mart pharmacies for deals on prescription co-pays, which could lead […]
Read more