Red Hat stock fell almost 5 percent on Tuesday after it reported better-than-expected earnings for the third quarter of its 2018 fiscal year, which ended on Nov. 30. EPS: Excluding certain items, 73 cents per share, vs. 71 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $748 million, vs. $739 million […]
Read moreKristin Baker Spohn was recently named the newest health-tech investor at Social Capital, where she’ll work alongside early Facebook investor Chamath Palihapitiya and focus on early-stage start-ups. This marks the latest Silicon Valley venture firm that is making major strides into health-technology. Andreessen Horowitz, Benchmark, GV, CRV and others have all added partners with a […]
Read moreAt 67, billionaire Richard Branson is preparing to go to space. In October, the serial entrepreneur who owns the commercial space flight company Virgin Galactic said he expects to be in space by April. “I would be very disappointed if I haven’t been into space within six months or so,” Branson told CNBC. And in […]
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Treasury yields are staging one of the sharpest two-day moves of the year, as the U.S. tax bill moves closer to becoming law. The House voted to approve the sweeping tax bill Tuesday afternoon, and it was next headed for the Senate. Strategists said the move, which drove the U.S. 10-year yield to its highest […]
Read moreThe Winklevoss twins have carved an unorthodox path toward fame in the American business world. They went to Harvard University and then on to the Olympics as rowers. Along the way, they fought a legal battle with Mark Zuckerberg over the ownership of Facebook. In the Oscar-nominated movie, “The Social Network,” they were portrayed as […]
Read moreA long-time bull is predicting it’ll be difficult to ward off a deep sell-off in the next 12 months. The Leuthold Group’s Jim Paulsen sees inflation and the 10-year yield ticking higher as the likely catalyst to stop the stock market rally in its tracks — at least temporarily. “Can the stock market which now […]
Read moreFacebook has changed some of its user rules to curtail online harassment and domestic violence. The social network said in a post Tuesday that users can now choose to read or ignore abusive or threatening messages and posts without the sender knowing they are doing so. “If someone is being harassed, blocking the abuser sometimes […]
Read moreIn many ways, 2017 has been a difficult year: Hurricanes left much of Houston underwater and ravaged the Caribbean and Puerto Rico, fatal wildfires quickly spread across several parts of California and concert goers lost their lives in Las Vegas, to name a few. But there are also things to be optimistic about and Tuesday […]
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It’s a bird, it’s a plane … nope, it’s Twitter! Shares of Twitter have surged more than 50 percent this year, getting a boost this week on the heels of an upgrade from J.P. Morgan. Despite the move, one technician warns the stock may have flown too high, too fast. “You can see for the […]
Read moreNorth Korea is amassing an ever-growing pile of bitcoin, likely to fund future cyberattacks, a cybersecurity CEO said. The U.S. government revealed Tuesday that North Korea was behind the debilitating WannaCry hack earlier this year, demanding ransom in bitcoin. As cyberattacks take aim at larger targets and higher ransoms, and with the price of bitcoin […]
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