Most of Amazon founder Jeff Bezos‘ relatively few Instagram posts highlight milestones achieved by his various teams. For example, he posted an update to the construction of a facility where Blue Origin rockets will be built and another promoted the latest Amazon wind farm. But his latest post stands out: Bezos congratulates his Amazon Web […]
Read moreA report that said Michael Flynn was directed by President Donald Trump to talk to Russians couldn’t have come at a more “delicate time,” closely followed trader Art Cashin told CNBC on Friday. The Dow Jones industrial average plummeted on Friday after The Associated Press and ABC News reported that Flynn, Trump’s former national security […]
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THEY have been at this a long time. In 1994 Republicans, newly in charge of Congress, held hearings on what would come to be called “dynamic scoring”. Bills, they said, should be evaluated using the predictive power of macroeconomic models. If the model predicts more GDP growth, then it could be inferred that the growth […]
Read moreFacebook users spend upwards of 50 minutes a day on the platform — and as long as at least 7 of those are in the new video tab, it’s a good deal for the company, one analyst says. Morgan Stanley analyst Brian Nowak estimates that Facebook will make $565 million in revenue from the “Watch” […]
Read moreBitcoin’s giant move upward is far from done, according to tech investor and stock picker James Altucher. According to Altucher, society has made major changes to its currency a few times in history: Gold replaced barter as a transactional currency; paper money replaced gold as a store of value; and bitcoin and other cryptocurrencies are […]
Read moreA potential tie-up between CVS Health and insurer Aetna may force the health-care industry to rethink and further shuffle ownership. One analyst sees a natural connection between Wal-Mart and Humana as reason the retail giant could acquire the health insurer. Humana steers its members to Wal-Mart pharmacies for deals on prescription co-pays, which could lead […]
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Oil prices spiked higher on Friday, heading toward 2½-year highs the morning after two dozen crude-producing nations agreed to limit their output through the end of 2018. U.S. West Texas Intermediate crude prices rocketed up $1.24 per barrel, or 2.2 percent, to $58.64 by 10 a.m. ET. That put the contract within striking distance of […]
Read moreTechnology known as earth observation satellites is one of the fastest growing sectors in the $350 billion space industry, and Finnish company ICEYE is on the bleeding edge. ICEYE will launch its first microsatellite to orbit in January from India on a PSLV rocket, the company confirmed to CNBC. The technology on board, synthetic aperture […]
Read moreOne Wall Street analyst is getting more bullish on Amazon’s cloud computing business. Wells Fargo reiterated its overweight rating and increased its price target for Amazon shares to $1,525 from $1,430, representing 30 percent upside to Thursday’s close. It is the highest target out of the 41 analysts who cover Amazon, according to FactSet. Amazon […]
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Now that the Dow has blown past 24,000, Evercore ISI’s Rich Ross has three stocks that could take the index to 25K. The DJIA on Thursday posted its second best day of 2017, and has now seen eight-straight months of gains, something the Dow has not done since 1995. “I’ve got three great stocks for […]
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