The S&P 500 could surge 18 percent this year, according to UBS, which raised its 2018 target to 3,150, the highest on Wall Street, only three trading days into the year. The Dow Jones industrial average already crossed 25,000 on Thursday morning after a strong jobs report. The broader S&P is trading around 2,726 on […]
Read moreThe Dow has passed 25,000, quite an impressive move considering it hit 20,000 on January 17th last year, almost exactly one year ago. Many are still amazed that the market keeps advancing, but it’s not incomprehensible. It’s a global rally. Reuters reported that China would stick with GDP growth around 6.5 percent as a goal […]
Read moreTesla’s slower-than-expected Model 3 production rate has fanned worries about Tesla’s cash flow and capital expenditures — major ongoing concerns for investors. Analysts have again expressed concern over whether Tesla can secure the gross margins on the cars it is aiming for, whether customers will still want the car, and how slower production rates affect […]
Read moreBefore the car can drive without a human, one must first get behind the wheel. As the driver accelerates, stops and turns on local streets, sensors on the car record what he sees and track how he responds. Then a team of engineers builds software that can learn how to behave from that data. The […]
Read moreFacebook CEO Mark Zuckerberg said his mission in 2018 is to fix Facebook’s large list of issues, including foreign interference on the platform, ongoing instances of harassment, and potential threats to the mental health of its users. “My personal challenge for 2018 is to focus on fixing these important issues,” Zuckerberg wrote in a post […]
Read moreIntel shares fell again on Thursday morning amid revelations surrounding widespread security exploits that could affect almost every type of electronic device. Although the vulnerabilities, called Meltdown and Spectre, affected leading processors in many devices, Intel is bearing most of the fallout after rival AMD distanced itself from the bulk of the issues. Intel shares […]
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“THE geopolitical environment has changed considerably since…a year ago.” That was the explanation given this week by Alex Holmes, chief executive of MoneyGram International, a Dallas-based American money-transfer firm, for Ant Financial abandoning its $1.2bn deal to buy his firm. Ant, the online-payments affiliate of Alibaba Group, a Chinese e-commerce giant, had outbid Euronet, an […]
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VISIBLE from nearly every corner of San Francisco and from up to 30 miles away, the new skyscraper that will be the headquarters of Salesforce, a software giant, stands 1,100 feet (326 metres) tall, making it the highest building in America west of Chicago. On January 8th, after four years of building, workers will start […]
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AS KIM SANG-JO was preparing last May to make the switch from snappy shareholder activist to a regulatory role as South Korea’s fair-trade commissioner, he had a simple message for the country’s big conglomerates: “Please do not break the law.” Not one to make bosses quake in their brogues, exactly. And yet the chaebol, as […]
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WHEN reports surfaced in 2016 of foreign students with no known income buying homes worth millions of dollars in Vancouver, locals said it was yet more evidence that foreigners were inflating prices in Canada’s dearest property market. It was also evidence of a home-grown problem. The students turned out to be figureheads for anonymous firms […]
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