A report alleging Intel chips have a security flaw could cost the chipmaker a lot of money, according to one Wall Street firm. The British tech website Register reported Tuesday that some Intel processors have a “fundamental design flaw” that will spur a significant security update of Linux and Microsoft Windows operating systems to work […]
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Shares of Intel fell 5 percent on Wednesday following reports that a security bug was present in the chip maker’s processors. According to one technician, who has been bullish Intel, the move presents the perfect opportunity for investors to buy the chip dip. “Shares are still above rising 50 and 200-day moving averages,” Piper Jaffray […]
Read moreI spend way too much time on my phone, and you probably do too. “Most people check their phone every 15 minutes or less, even if they have no alerts or notifications,” Larry Rosen, psychology professor and author of The Distracted Mind, tells CNBC. “We’ve built up this layer of anxiety surrounding our use of […]
Read moreAmerican Express stock rose Wednesday after Deutsche Bank initiated coverage on the card company with a buy rating. A renewed focus on small business helps prove that American Express’s model remains “intact,” while its devotion to super prime and affluent customers bodes well for 2018, according to analyst Ashish Sabadra. “We are initiating coverage on […]
Read morePolar blast from 'bomb cyclone' should boost natural gas prices, set stage for late winter shortages
Natural gas futures, dipping on a warmer long term forecast, are likely to spike again after freezing weather takes another big bite out of gas supplies later this week. The normally very abundant supply of U.S. natural gas could be put to the test this season and could actually see some spot shortages by the […]
Read moreOil prices are poised for a pullback after hedge funds and money managers raised their bullish bets on energy futures to record levels, analysts say. Speculative bets that U.S. crude prices will rise have surged since September as OPEC and Russia hammered out a deal to continue capping their oil production. The deal has helped […]
Read moreMicrosoft on Wednesday announced that it has acquired Avere Systems, a start-up specializing in data storage. The technology could ultimately help Microsoft pick up more Azure revenue by serving customers who want to use cloud computing while still keeping data in their own facilities. Terms of the deal weren’t disclosed. Avere offers hardware for storing […]
Read moreThe sporting goods sector in retail isn’t shaping up to be all doom and gloom in 2018, despite some nasty headlines last year. Wells Fargo on Wednesday upgraded Dick’s Sporting Goods to outperform, also raising the firm’s price target on shares to $35 apiece, up from $26. The stock closed Tuesday at $29.49, having fallen […]
Read moreIf you want to become your own boss in 2018, coming up with a business idea is the first step. If that feels daunting, billionaire serial entrepreneur Richard Branson has advice: Start by asking yourself what you could do to make your own life better or easier. “Entrepreneurship in its truest form is about identifying […]
Read moreRetail’s darling could be in trouble in the new year. As shoppers have flocked to off-price stores like TJ Maxx and Marshalls for a less-expensive, one-stop shopping fix, sales mushroomed and put added pressure on America’s department stores. For much of 2017, Wall Street cheered the unique “treasure hunt” experience these stores provide, saying the […]
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