Google’s new high-end smart home speaker, the Google Home Max, is now available for purchase. The speaker was first announced in October and is the highest-end smart speaker the company is currently selling. It should rival similar products from Sonos — including the Sonos PLAY:5 — thanks to two 4.5-inch speakers that will offer better […]
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The launch of bitcoin futures could “have a material negative impact on the price of bitcoin,” a well-respected technology analyst said Monday. With the futures, “investors will have an easier time betting against bitcoin,” and “investors could move towards trading futures contracts and out of bitcoin itself,” Gene Munster, co-founder of venture capital firm Loup […]
Read moreElectronic Arts will reinstitute in-game purchases in its “Star Wars Battlefront II” title despite recent wavering by one of its top executives, according to one Wall Street firm. Bank of America Merrill Lynch lowered its price target and profit forecasts for Electronic Arts shares due to poor sales of the “Star Wars” game. “EA has […]
Read moreThe finance ministers of Europe’s five largest economies called in a letter to Treasury Secretary Steven Mnuchin for the U.S. to rethink tax reform proposals that they said were discriminatory and could harm the financial sector and international trade. In the letter, seen by Reuters, the finance ministers of Britain, France, Germany, Italy and Spain […]
Read moreGoldman Sachs upgrades ADP because the payroll processor with a largely domestic footprint will be an “outsized beneficiary” of the corporate tax cut. Goldman also cited strong new bookings for its upgrade. Shares of ADP were up 1.7 percent in premarket trading Monday after the call. A reduction in the corporate rate to 20 percent […]
Read moreApple appears to have caught up with iPhone X demand, and most models now ship from the company’s site in just a few days. MacRumors first noted the change in supply. In the United States, almost all models of the white and black iPhone X can be ordered today for delivery between December 13 and […]
Read moreAnother former Facebook executive has spoken out about the harm the social network is doing to civil society around the world. Chamath Palihapitiya, who joined Facebook in 2007 and became its vice president for user growth, said he feels “tremendous guilt” about the company he helped make. “I think we have created tools that are […]
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It isn’t too late for investors to hop into cryptocurrencies after the bitcoin futures launch on the Cboe, an analyst told CNBC on Monday. “Relative to assets, you’re talking $100 trillion in investable assets,” said Brian Kelly, founder of BK Capital Management. “All you would need is 1 percent of those assets to be allocated […]
Read moreCheck out which companies are making headlines before the bell: Fitbit — Fitbit announced Friday it had reached a “global settlement” with former wearables maker Jawbone which ends all outstanding civil litigation. Jawbone sued Fitbit in 2015, claiming they trade secrets and market research, among other information. Juno Therapeutics, Celgene — Juno and Celgene shares […]
Read morePresident Vladimir Putin on Monday ordered Russian forces in Syria to start withdrawing, saying that after a two year military campaign, Moscow and Damascus had achieved their mission of destroying Islamic State. Putin made the announcement during a surprise visit to Russia’s Hmeymim air base in Syria’s Latakia Province where he held talks with Syrian […]
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