DATA-GATHERING is the least sexy part of economics, which is saying something. Yet it is also among the most important. The discipline is rife with elaborate theories built on assumptions that turned out to be false once someone took the time to pull together the relevant data. Accordingly, one of the most valuable papers produced […]
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STOCKMARKETS in the Gulf do not observe Christian holidays, but still had a generally quiet day on December 25th. Shares in Dana Gas, an exploration business listed in Abu Dhabi, however, did make some noise, leaping by 13.2% on Christmas Day, to complete a buoyant six months for the stock (see chart). The surge may […]
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Domino’s Pizza remains “one of the best” stories in food retail and should remain a key player in delivery, according to one Wall Street bank. Shares of the world’s second-largest pizza chain jumped 3.5 percent Thursday after Credit Suisse upgraded its rating on the company’s stock, telling investors that the pizza restaurant should outperform in […]
Read moreThanks to one digital currency’s surge in the last few weeks, the co-founder and executive chairman of Ripple is now one of the five richest people in America. Chris Larsen, co-founder and executive chairman of Ripple, has 5.19 billion of the company’s digital coin XRP and a 17 percent stake in the company, according to […]
Read moreAMD will likely “take advantage” of Intel‘s fallout after researchers disclosed a set of security flaws involving Intel’s chips, CNBC’s Jim Cramer said Thursday. Intel shares were more than 4 percent lower Thursday after tech publication The Register reported some of the company’s processors have a “fundamental design flaw” and security vulnerability. Shares of AMD […]
Read moreSamsung unveiled its new Exynos 9 Series 9810 processor on Thursday, a chip that may be used in its upcoming Galaxy S9 smartphone. Samsung said the processor has new artificial intelligence technology that will enable devices to recognize faces, suggesting that Samsung will offer a new feature similar to Apple’s Face ID in future products. […]
Read moreMobile ad agency Fetch has filed a lawsuit against Uber, claiming that the taxi app firm owes it $19.7 million in unpaid invoices. The move marks the latest step in a legal row that started in September. Uber had initially sought $40 million in damages from Fetch, alleging that the Dentsu-owned agency billed it for […]
Read moreAMD and Nvidia will benefit from Intel’s chip security vulnerability and related performance issues, according to one Wall Street firm. The British tech website Register reported Tuesday that some Intel processors have a “fundamental design flaw” and security vulnerability, which spurred the company to confirm the exploit later in the day. Shares of AMD and […]
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Snap shares fell 3 percent Thursday after a Wall Street investment firm found that ad buyers ranked the company lowest relative to other social media networks. Cowen lowered its rating for the photo messenger’s shares to underperform from market perform, predicting a 30 percent decline in stock price over the next year. Analyst John Blackledge […]
Read moreSprint on Thursday named seasoned turnaround strategist Michel Combes as president and chief financial officer in a seemingly pointed move to return the company to profitability. Combes will start January 6, and current CFO Tarek Robbiati will remain on through January, the company said in a statement. CEO Marcelo Claure said Combes is capable of […]
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