Investors should be careful of the euphoria that’s propelled bitcoin to past $15,000 just hours after crossing $14,000 because it’s very early days in cryptocurrencies, BK Capital Management founder Brian Kelly told CNBC on Thursday. “If you look at the internet in 1995, that’s where you are in digital currencies,” said Kelly, portfolio manager for […]
Read moreShares in Skyworks Solutions, Cirrus Logic, and Qorvo traded higher on Thursday after fellow Apple supplier Broadcom hinted the late launch of iPhone X would help revenue rise. “As we look into the first quarter 2018, unlike the last 2 years, we expect wireless revenue to continue to grow sequentially as the ramp in demand […]
Read moreA federal judge in Argentina indicted and asked for the arrest of former President Cristina Fernandez for trying to cover up Iran’s possible role in the bombing of a Jewish community center in 1994 that killed 85 people, state news agency Telam said on Thursday. As Fernandez is a senator, Congress would first have to […]
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Shares of Sage Therapeutics soared more than 60 percent in premarket trading on Thursday after the company announced positive results in the testing a major depressive disorder (MDD) treatment. Sage said in a release that 64 percent of patients achieved MDD remission using the SAGE-217 drug in the 15th day of treatment. This is the […]
Read moreThose who track the markets commonly describe stocks and bonds as arguing about the economic future — with the odds typically tilted toward bonds, for their tight focus on the core macro forces and record of prescience. The headlines are familiar: “Bond Markets Have a Message About the Economy That Stock Investors Might Not Want […]
Read moreApple‘s health boss, Anil Sethi, has left the company to start venture focusing on helping very sick patients after his sister died from cancer. Sethi’s medical record start-up Gliimpse was acquired by Apple in August 2016, with Sethi named director of the health team. Sethi also worked at Apple as an engineer in the late […]
Read moreThe iPhone X is pricey with a $999 starting price, but LG’s new Signature Edition smartphone costs $1,800. LG announced the device this morning, which is based on the LG V30 flagship device and will be sold locally in South Korea for 2 million won, according to The Verge. It’s made out of ceramic, a […]
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Stronger business travel in 2018 will likely mean higher profits for hotels, airlines and car rental providers, but online travel company Expedia won’t be in on the windfall. Growth concerns have dogged Expedia throughout the year, and MKM Partners analyst Christopher Agnew says these worries aren’t likely to resolve themselves soon. Shares of Expedia fell […]
Read moreA new report from Nikkei suggests Apple will manufacture three new iPhones next year, including a new larger 6.3-inch iPhone with an OLED screen. Apple’s $999 iPhone X switched from a traditional LCD panel to a more premium OLED screen, which is more colorful, brighter and energy efficient. Apple continued to use LCD panels on […]
Read moreReal estate technology firm Compass announced on Thursday it’s getting an investment of $450 million from the SoftBank Vision Fund. The infusion from the $93 billion venture vehicle — whose backers include the Japanese conglomerate SoftBank and Saudi Arabia’s sovereign wealth fund — brings Compass’ total capital raise to $775 million. Other Compass investors include […]
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