Asian markets looked set to open little changed on Thursday after an oil rally fizzled and copper prices soared overnight. On Wall Street, markets eked out marginal gains in the last session. U.S. stocks closed slightly higher on Wednesday amid thin trade as gains in real estate and utilities offset losses among energy and telecommunications […]
Read moreMassachusetts’ top securities regulator said his office is qualified to issue a warning on bitcoin because the digital currency is “entirely speculation.” “It doesn’t pass the smell test,” William Galvin, secretary of the Commonwealth of Massachusetts, said Wednesday on CNBC “Fast Money.” “There is no product here. This is entirely speculation. That’s already been proven […]
Read moreCompared to many CEOs, Apple boss Tim Cook keeps a low profile. But in 2017 he hit a milestone that may be the mark of true celebrity. Apple’s board implemented a policy in 2017 requiring Cook to “use private aircraft for all business and personal travel” for his safety, according to regulatory filings published on […]
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The Nasdaq composite is on track to make history this week should its monthly gain hold through Friday’s close. If the tech-heavy index finishes December up, it will have posted gains in 11 of 12 months this year, an unprecedented feat for one of the country’s most-followed stock metrics. The index is up 0.95 percent […]
Read moreNvidia is cracking down on unwanted use of some of its graphics cards. On Wednesday the company confirmed a key change to the licensing agreement for driver software that goes with its GeForce and Titan graphics processing units. The update, which was made when Nvidia introduced the Titan V GPU earlier this month, is intended […]
Read moreIt wasn’t a big 5 tech firm, a retailer that accepts bitcoin payments, or a studio releasing a new Star Wars movie. The top performing stock in the S&P 500 this year was Align Technology, the company behind Invisalign “clear braces.” Based in San Jose, California, Align Technology has been slowly and steadily replacing metal […]
Read moreAmazon‘s search for a second headquarters outside Seattle is just the beginning of tech exodus from expensive coastal cities to cheaper inland locations, Redfin CEO Glenn Kelman said Wednesday. “Silicon Valley is going to leave Silicon Valley — that’s already happened,” Kelman told CNBC’s “Power Lunch.” “The technology companies, the Wall Street companies, they’re chasing […]
Read moreTech, son. Sit down. We need to talk. Your mother and I have been discussing the situation, and I think we all agree that it’s been a hard year for all of us. But more us than you. We don’t feel like we can trust you anymore. First, there’s this whole thing where you keep […]
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One Twitter user told Musk that a Tesla pickup truck is needed. Musk responded by saying that he promises Tesla will “make a pickup truck right after Model Y.” Musk is “dying to build it,” he tweeted. When asked if the pickup would be comparable in size to Ford’s F-150 line of trucks, Musk said […]
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The economy could be signalling too much of a good thing for stocks. James Paulsen, chief investment strategist at Leuthold Group, warns that the Citi Economic Surprise Index is at one of the highest levels it’s ever been at and the third highest in the post-financial crisis recovery. The Citi surprise index is seen as […]
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