Bull markets as strong as this one tend to spark an influx of initial public offerings, or IPOs, but CNBC’s Jim Cramer has seen something different playing out this time around. “This time we’ve hardly had any IPOs,” the “Mad Money” host said. “The reason? Because when we do get deals, they annihilate the investors […]
Read moreCNBC’s Jim Cramer firmly believes that this kind of bull market — the kind where the averages rally to all-time highs amid a government shutdown — requires the utmost insight and analysis. “What’s been working now is very different from what was working even a year ago,” the “Mad Money” host said on Monday. “This […]
Read moreAsian stocks looked poised for gains following the stronger lead from Wall Street after U.S. lawmakers reached a deal to end a government shutdown and as earnings reports stateside remained solid. U.S. stocks closed higher on Monday, paring early losses after the Senate reached a short-term compromise to end a government shutdown that began last […]
Read moreThe reaction has been swift and negative to investor Michael Moritz’s essay arguing Silicon Valley companies have something to learn from China’s hard-working entrepreneurship culture. Moritz, a partner at the exceptionally successful venture capital firm Sequoia, has been accused of being sexist, out of touch, and an evangelist of workaholism . I’ve spent my entire […]
Read moreAdobe stock rose more than 3 percent on Monday after the company said its effective tax rate should be lower in 2018 as a result of recently passed U.S. tax reform. That’s in contrast to IBM’s statements last week which is leading to a higher tax rate. The tech company said that it’s expecting an […]
Read moreCoinbase, the bitcoin trading broker that has exploded in popularity as cryptocurrencies surge and nose dive, has encountered an unusual problem for a Silicon Valley startup: Too many investors are trying to get in. The six-year-old company crossed $1 billion in revenue last year, Recode has learned from industry sources, a tremendous rise fueled by […]
Read moreIBM was such a force in the 1980s that it spent almost the entire decade as the biggest single component of the S&P 500, making up 6.4 percent of the index in 1985. That was a long time ago. After providing a disappointing earnings outlook last week, “Big Blue” now makes up about 0.6 percent […]
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AMD’s and Nvidia’s core gaming customers deserve better. PC enthusiasts are suffering as digital currency miners drive up graphics card prices and cause big shortages again. The two chipmakers must do more to protect the needs of their most important market or risk building their businesses on cryptocurrency quick sand. Digital currency miners use graphics […]
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Nearly $400 million has been lost or stolen from coin sales known as initial coin offerings, accounting giant Ernst & Young said in a report released Monday. That’s more than 10 percent of the $3.7 billion raised in the initial coin offerings, and another worrying sign for the token sales. Initial coin offerings raise funds […]
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It’s been an unpredictable start to the year for chipmakers. While some like Nvidia have seen double-digit gains, others such as Micron Technology have glitched out. But, the group could reboot after a mixed start, according to one stock analyst. “All signs point to yes for semiconductors,” Kim Forrest of Fort Pitt Capital told CNBC’s […]
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