Apple could fall behind Amazon and Google in the “post-smartphone era” due to “innovation complacency,” a market research firm said Wednesday. ABI Research defines the post-smartphone world as one where new, hands-free interfaces — such as those that use the human voice — need to be developed. This will include more artificial intelligence (AI), augmented […]
Read moreThe total market capitalization of all digital currencies has surpassed $500 billion dollars for the first time. As both Ethereum and Litecoin soared to new record highs Tuesday, the combined market value of cryptocurrencies hit an all-time high of $506 billion at about 7:40 a.m. ET Wednesday, according to Coinmarketcap data. That figure is worked […]
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Tesla shares have surged 12 percent in the last week, but one equity strategist sees trouble on the horizon. The stock has risen for three-straight sessions on a slew of news the market appeared to like: CEO Elon Musk said last week the electric car manufacturer was working toward custom artificial intelligence hardware and PepsiCo […]
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Why Donald Trump's Jerusalem move might have made Russia a lot stronger
U.S. President Donald Trump’s decision to recognize Jerusalem as the capital of Israel is likely to have the unforeseen consequence of strengthening the hand of Russian President Vladimir Putin and Moscow’s role in the Middle East, according to experts. When Trump said last week that he recognized Jerusalem as Israel’s capital and that he would […]
Read moreIn a mortgage market that has become comfortable with near record-low interest rates, any move higher makes a difference. A slight increase last week caused total mortgage application volume to fall 2.3 percent, according to the Mortgage Bankers Association’s seasonally adjusted report. Applications to refinance led the way down, falling 3 percent for the week […]
Read moreApple this morning announced the second investment from its $1 billion Advanced Manufacturing Fund, committing $390 million to Finisar. As a result, Finisar will transform a shuttered, 700,000-square-foot manufacturing plant in Sherman, Texas, into a high-tech facility developing VCSEL (vertical-cavity surface-emitting laser) chips. These chips enable depth and proximity sensing, helping to power some of […]
Read moreLeuthold Group equity strategist Doug Ramsey shared his thoughts on the historic bull market and which areas in technology he finds most compelling in an exclusive interview with CNBC PRO’s Mike Santoli. “Our primary tactical product is overweight equities, despite our concerns on valuations,” explained Ramsey. “I’ve got to say it’s acting very youthful. I […]
Read moreU.S. Secretary of State Rex Tillerson offered to begin direct talks with North Korea without pre-conditions, backing away from a key U.S. demand that Pyongyang must first accept that giving up its nuclear arsenal would be part of any negotiations. Tillerson’s new diplomatic overture comes nearly two weeks after North Korea said it had successfully […]
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German stock exchange operator Deutsche Boerse experiences trading disruption
Deutsche Boerse, the German stock exchange operator, experienced a short disruption on its Xetra trading platform early on Wednesday, but trading started as normal at 0800 GMT. Deutsche Boerse was not immediately available to explain the disruption, which surfaced around 0715 GMT with a notice on its website. That notice was removed about 30 minutes […]
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Russian court freezes $1.7 billion of Sistema assets at request of Rosneft
A Russian court froze around $1.7 billion of conglomerate Sistema‘s assets following a claim by oil major Rosneft on Tuesday, escalating a long-running dispute that has reignited concerns about the investment climate in Moscow. Rosneft is looking to place on hold some of Sistema’s assets as part of a second lawsuit over the state-controlled group’s […]
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