General Motors‘ leading position in autonomous vehicle (AV) technology is underestimated by the market, according to one Wall Street firm. Barclays reiterated its overweight rating for the automaker’s shares, saying the company will attain a large market share of the new AV market. GM held a technology day for analysts and investors Thursday. “The day […]
Read moreFor all of JPMorgan Chase CEO Jamie Dimon‘s criticism of bitcoin, a strategist at the bank said Friday that bitcoin futures could “add legitimacy” to the potential new asset class. “The prospective launch of bitcoin futures contracts by established exchanges in particular has the potential to add legitimacy and thus increase the appeal of the […]
Read moreTax cuts versus potential legal troubles for the president: Which wins out in the markets? The markets have been focused for months on global economic growth, record earnings and the premium in the market for tax cuts. But traders have spent almost no time thinking about the risk premium in the market for President Trump‘s […]
Read moreFacebook might be experimenting with a new ad format, according to a report in Ad Age, amid jitters about the company’s advertising growth and swelling costs. Facebook plans to test so-called pre-roll ads at the beginning of “Watch” tab videos, a shift from the mid-roll ads that appear in the middle of videos now, according […]
Read moreA growing number of students at America’s elite business schools say they plan to pivot away from conventional jobs in finance for the lure of blockchain, the underpinning of bitcoin and other cryptocurrencies. Robbie Mitchnick is one of those students. “We’ve got a lot of people who came from traditional finance backgrounds that are forgoing […]
Read moreNokia halted its effort this week to acquire Juniper Networks, according to people familiar with the matter, after CNBC reported the two companies were in talks to merge. The push by Nokia to acquire Juniper — and marry that multibillion-dollar networking company with Nokia’s infrastructure resources — is off for now, said the people, who […]
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There’s a reason tech has been the worst performing sector this week as the tax bill makes its way through Congress — it’s the sector that benefits the least and could even pay more. The prospects for a 20 percent tax cut turbocharged the stock market Thursday as the Senate moved closer to a vote, […]
Read moreIt’s taken three and a half decades, but Microsoft has finally made the ultimate mouse. The Bluetooth-enabled Surface Precision Mouse, which Microsoft revealed in October alongside the second generation of its high-end Surface Book convertible laptop, is very comfortable while still looking elegant. It’s got six customizable buttons, a rechargeable battery, a thumb rest, and […]
Read moreSilicon Valley payments start-up Stripe has hired David Singleton, the man leading Google’s Android Wear and Google Fit teams, to be its new head of engineering, the company confirmed to CNBC. Axios first reported the hire. Singleton had been Google’s “smartwatch king” since 2013 when he was appointed as the director of Android Wear. During […]
Read moreWho Says Elephants Can’t Dance? This was CEO Lou Gerstner’s book title back in 2003 about bringing IBM back from the brink of insolvency to lead the computer business once again. When you look at IBM today, the last time revenue grew year-over-year was back in the March quarter of 2012. That is not a […]
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