Ferrari plans to make a high-end electric car, said CEO Sergio Marchionne on Tuesday. The auto executive, who also heads Fiat-Chrysler, told reporters at the North American International Auto Show that whatever Tesla has done with high-end electrics can be done by others in the industry. The plan would be a significant change of direction […]
Read moreA Democratic U.S. lawmaker asked Intel and two other microchip makers on Tuesday to provide a briefing on the recently detected Spectre and Meltdown security flaws that could allow hackers to steal information from most computers and devices. “I am looking to better understand the nature of these critical vulnerabilities, the danger they pose to […]
Read moreUnregulated investing opportunities, like initial coin offerings, may prove a risky prospect for entrepreneurs — but that doesn’t mean that all bitcoin-related products are bad, tech investor Jillian Manus told CNBC’s “Squawk Alley” on Tuesday. “It’s dangerous, it’s very dangerous. On one hand, we want to be supportive of this, because this gives opportunities, definitely, […]
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After stealing the spotlight from bitcoin in 2017, ripple has fallen more than 40 percent in the first few weeks of 2018. Ripple, or XRP, traded near $1.22 Tuesday afternoon, down nearly 47 percent for the year so far, according to CoinMarketCap. The digital currency had soared more than 35,500 percent in 2017 to end […]
Read moreOne of the biggest problems in health care is the difficulty of sharing medical records between providers. This makes it hard for patients to shop around for better care and cheaper prices. The tech community often blames a set of patient privacy laws called HIPAA for the problem, and suggests that weakening those laws, plus […]
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The most important announcements from the Detroit Auto Show were new pickup trucks from Ford, Chevy and Ram. All three companies struggled to shift significant amounts of trucks in the tail end of the recession, but that helped breed a more competitive, more efficient breed of truck for consumers. Now, with gas prices remaining low […]
Read moreSemiconductor stocks are undervalued and will keep rallying this year, according to one Wall Street analyst. The iShares PHLX Semiconductor ETF has risen 43 percent in the past 12-months versus the S&P 500’s 22 percent gain in the same time period. On the chip sector “for the 6th consecutive quarter, we expect an at least […]
Read moreVerizon shares will struggle to beat the market due to fears over rising inflation, according to one Wall Street firm. MoffettNathanson lowered its rating for the company to neutral from buy, predicting investors will shift to growth oriented stocks instead. “With lower tax rates (and with tight labor markets and globally synchronized growth) comes a […]
Read moreSixteen months ago, Ripple raised $55 million by selling equity in a typical Silicon Valley funding round that included Alphabet‘s GV (Google Ventures), Andreessen Horowitz and some strategic investors. The round placed the value of the company around $400 million. Today the San Francisco start-up could bring in many times that amount of cash every […]
Read moreThe wins just keep coming for Amazon. The e-commerce giant has risen every trading day so far this year and is on track for its 10th straight day in the green, its longest winning streak since mid-2013. Those gains have pushed Amazon to the highest level of its two decades as a public company. This […]
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