Shares of cloud service provider Akamai jumped Tuesday on a Bloomberg report of a strategic review by Morgan Stanley. The stock rose as much as 5 percent in afternoon trading. Akamai saw a similar bump in December on news that Elliott Management had bought a 6.5 percent stake in the company. The hedge fund at […]
Read more
NASA technology has once again provided amazing photos of Mother Nature. In the first week of January, a snowy nor’easter barreled up the East Coast. The storm was technically called a “bomb cyclone,” an intimidating but scientific name given to a particular breed of storm which strengthens quickly and often include strong winds and heavy […]
Read moreFor hedge funds, 2017 ended with a clean sweep — positive returns in every month that resulted in the best total performance in four years. That kind of a winning streak hasn’t happened since 2013 and was part of a 14-month run of monthly growth that resulted in a gain of 8.5 percent for the […]
Read moreThe Bank of Japan is seen as the last grown-up in the room actively filling the global liquidity punch bowl with both hands. That’s why a slight tweak to its bond-buying program caused a flurry across financial markets Tuesday, sparking speculation it was joining the Federal Reserve and European Central Bank in cutting back on […]
Read more
A company named Intuition Robotics showed off a new robot at CES that’s specifically designed for the elderly. It’s a smart voice assistant with a personality that can help remind senior citizens of upcoming calendar appointments, show pictures from the family, receive and send messages and more. It’s also supposed to serve as a companion […]
Read moreToyota said Tuesday it will introduce Alexa, Amazon‘s cloud-based voice assistant, in some Toyota and Lexus vehicles in 2018. The feature will be available in all Toyota and Lexus cars that have the Toyota Entune 3.0 App Suite and Lexus Enform App Suite 2.0 in 2018. The company will add the feature to additional models […]
Read moreMicrosoft‘s president said on Tuesday there would probably be fewer reports on sexual harassment if there were more women in leadership. “I just don’t believe that any institution that has a strong representation of women at the leadership level is likely to face some of the problems we’ve been reading about,” said Brad Smith, president […]
Read moreJana Partners believes Apple could easily fix what it sees as a growing problem of young people getting addicted to Apple’s iPhones. In an interview with CNBC’s Fast Money Halftime Report, Jana’s Barry Rosenstein and Charles Penner explained why Jana — a leading activist shareholder — and CalSTRS — one of the nation’s largest public […]
Read moreFord is partnering with Qualcomm to develop technology to connect cars to each other and to the world around them in the hope of easing congestion and adding other services for passengers. Ford said Tuesday it wants to equip all of its cars with C-V2X technology — which stands for cellular vehicle-to-everything technology. Connecting cars […]
Read moreJeff Bezos’ wealth hit a high of $105.1 billion on Monday, according to the Bloomberg Billionaires Index, surpassing Microsoft co-founder Bill Gates’ previous record of $100 billion in 1999, reports CNBC. Bezos’ wealth peaked as Amazon stock prices have climbed on the back of strong holiday shopping performance. Some have called Bezos the richest man […]
Read more