Apple said it “has always looked out for kids,” defending its technology policy for children, after two major investors urged it to address what they said was a growing problem of young people getting addicted to Apple’s iPhones. Shareholders Jana Partners, a leading activist shareholder, and California teacher pension investor CalSTRS, one of the nation’s […]
Read more
Shares of Under Armour fell more than 4 percent in premarket trading Tuesday after one Wall Street firm downgraded the company to negative. Despite a 30 percent rally in the past eight weeks, the athletic clothing maker will reverse course and lose all of those gains over the next year, according to Susquehanna Financial Group. […]
Read moreResearchers have discovered a piece of software that installs on a victim’s computer, mines a cryptocurrency called monero, and sends it to North Korea. AlienVault, a U.S. cybersecurity firm, said Monday that it had found a piece of malware, or malicious software, that places a mining application on a victim’s computer. Any mined currency is […]
Read more
Shares of PayPal ticked 1 percent higher before the bell Tuesday after research firm Cowen decided to jump on the payments platform’s bandwagon. Analyst George Mihalos upgraded the stock to outperform from market perform and hiked his price target on the shares to $88 from $67. The new price target represents 11 percent upside. He […]
Read moreThe discussion of North Korea’s nuclear program and its weapons arsenal, which is solely aimed at the United States, would negatively impact inter-Korean ties, a North Korean official said on Tuesday while finishing up talks with the South. “North Korea’s weapons are only aimed at the United States, not our brethren, China or Russia,” said […]
Read more
It appears the dash-for-trash strategy is already paying off for investors in the early days of 2018. “Losers have been doing well,” Bespoke co-founder Paul Hickey said Monday on CNBC’s “Trading Nation.” “The 20 best performing stocks as of the end of Friday were down a median of 11 percent last year.” The so-called Dumpster […]
Read moreCheck out which companies are making headlines before the bell: Under Armour — Analysts at Susquehanna downgraded the athletics apparel to “negative” from “neutral,” noting the Under Armour brand remains at risk. “Given poor brand distribution decisions, we believe UAA risks are becoming more like Reebok than Nike,” analysts said. Target — Target shares popped […]
Read morePeople are pouring money into bitcoin and other cryptocurrencies because they are more willing to take risks in a benign economic environment, according to a fund manager. “To me, the big issue in markets is actually we have been in denial as investors globally about how good things are,” Eric Lonergan, macro fund manager at […]
Read moreJ.P. Morgan Chase Chairman and CEO Jamie Dimon is back pedaling a bit on his earlier criticisms on cryptocurrencies. Dimon said in September bitcoin was a “fraud” but said on Tuesday he regretted making that comment. “The blockchain is real,” Dimon told Fox Business on Tuesday. “You can have cryptodollars in yen and stuff like […]
Read more
IN OCTOBER 2003, the age of supersonic passenger travel came to an inauspicious end. That month British Airways withdrew from service its last Concorde jet, a Franco-British aircraft from the 1970s that could fly at twice the speed of sound. Since the 1940s executives in the aerospace industry had predicted that the future of passenger […]
Read more