When CNBC’s Jim Cramer went to buy the iPhone X as a holiday present for his wife, what could’ve been a mad dash turned into a bull case for Apple. The “Mad Money” host was lucky enough to visit an Apple store that had one silver iPhone X left. Cramer happily bought it, but his […]
Read moreU.S. stocks closed mostly flat after a comprehensive tax bill was passed stateside ahead of Asia’s Thursday trading day. Meanwhile, investors in Asia awaited the Bank of Japan’s monetary policy decision later in the day for clues on future policy. Stateside, House Republicans voted for a second time to pass a tax plan on Wednesday, […]
Read moreThis story was co-published with The New York Times. A few weeks ago, Verizon placed an ad on Facebook to recruit applicants for a unit focused on financial planning and analysis. The ad showed a smiling, millennial-aged woman seated at a computer and promised that new hires could look forward to a rewarding career in […]
Read moreOver the summer, CNBC’s Jim Cramer acknowledged that replacing Zimmer Biomet’s CEO could be good for the company, but he didn’t exactly pound the table on the stock. “Good thing we didn’t jump on the bandwagon, because for the last five months, Zimmer’s stock has continued to fall, almost entirely as a result of two […]
Read moreCNBC’s Jim Cramer has noticed Wall Streeters saying that certain companies “fit the profile” for success in 2018 and others don’t. “What exactly does it mean to ‘fit the profile?’ It means the company has to be a direct beneficiary of the new tax law and it needs to come from a cohort that’s under-loved […]
Read moreNot only will tax reform stimulate oil demand, it will likely stimulate U.S. drilling, according to J.P. Morgan senior oil analyst Abhishek Deshpande. Deshpande raised the bank’s 2018 forecast to $60 per barrel on Brent and $54.90 on WTI, anticipating crude will ride the tide of economic growth to increased growth and production. “Going into […]
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While cryptocurrency trading has the trappings of established financial markets, Coinbase’s attempt to open trading in a new digital currency on Tuesday shows the industry is still experiencing growing pains. “It’s the wild west,” said Mike Novogratz, a noted hedge fund manager who is launching a cryptocurrency fund through his firm Galaxy Investment Partners. “It […]
Read moreFor years I told people they were crazy for thinking that Apple was purposely slowing down older iPhones in an effort to force customers to upgrade to a new device. It turns out I was wrong. Apple admitted on Wednesday that it cuts the processing power of older iPhones with aging batteries in an effort […]
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A YEAR ago Dennis Muilenburg, the chief executive of Boeing, the American aerospace giant, had a big problem. Tweets written by Donald Trump, America’s newly elected president, were hitting Boeing’s share price. Their value was initially lifted by the new president’s promise of extra spending on defence. But in December last year Boeing’s shares fell […]
Read moreApple is explaining publicly why some people might notice their iPhones slowing down. The company confirmed to TechCrunch, in a story published on Wednesday, that it has algorithms in place to help keep an iPhone running at optimal performance — preventing it from shutting down entirely — if there is an older battery inside that […]
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