ACCORDING to Ginni Rometty, IBM’s boss, the digital revolution has two phases. In the first, Silicon Valley firms make all the running as they create new markets and eviscerate weak firms in sleepy industries. This has been the story until now. Tech firms have captured 42% of the rise in the value of America’s stockmarket […]
Read moreThere may be a buying opportunity in Oracle shares if earnings rise, analysts at Morgan Stanley wrote on Wednesday. Oracle shares jumped nearly 3 percent Wednesday morning, hovering near $48 a share, down from September’s 52-week high of $53.14 per share. Morgan Stanley raised its price target to $57 a share. Oracle has gone through […]
Read moreAfter working through the lingering effects of a fake account scandal, Wells Fargo will thrive in the coming years, according to one Wall Street firm. Bernstein raised its rating for the bank’s shares to outperform from market perform, predicting a big boost to Wells Fargo’s earnings from tax reform. The bank could have a $2.5 […]
Read moreBarclays said Wednesday that Apple‘s decision to replace aging batteries for $29 instead of $79, following reports that it slowed down iPhones on purpose, could be bad for iPhone sales. “While this is a good PR move for Apple to resolve the issue, we are concerned it could be a mild headwind for iPhone unit […]
Read moreSpotify’s uncoventional plans to go public appear to be moving forward. The music-streaming company filed SEC documents in December for a public offering, unnamed sources told Axios. The documents are still confidential, Axios reported Wednesday. Spotify declined to comment to CNBC. Axios reported that the documents were for an IPO. But sources have told CNBC […]
Read moreInvestors can make a sizable fortune after listening to Wall Street superstar Byron Wien’s surprise predictions for the new year, CNBC’s Jim Cramer said Wednesday. The vice chairman of Blackstone’s private wealth solutions group issued an annual note Tuesday with his 10 predicted surprises for 2018. Among them, Wien sees a stock correction this year […]
Read moreRoku is getting in on the smart voice assistant market. Roku said on Wednesday that it will launch a voice assistant that will allow users of existing Roku players and TVs to control the devices by voice. The company said its third-party partners will build new speakers and other audio systems that can link right […]
Read moreBlackBerry said on Wednesday it will collaborate with Chinese internet search firm Baidu to tap the fast-growing autonomous vehicle market. BlackBerry, which has developed software QNX Hypervisor 2.0 to run complex computer systems in vehicles, said Baidu will use its software for its self-driving open platform, Apollo. “By integrating the BlackBerry QNX OS with the […]
Read moreLG is preparing to build new OLED screens for an upcoming 6.5-inch iPhone, according to The Korea Herald. LG will reportedly provide the larger panels while Samsung will continue to ship its OLED screens for smaller “5.8- or 6-inch screens.” The iPhone X is the first phone Apple used OLED panels on. They’re brighter and […]
Read moreChina’s central bank told a top-level government internet finance group that the monetary authority can tell local governments to regulate the power usage of bitcoin miners to gradually reduce the scale of their production, a source said. While the People’s Bank of China (PBOC) can’t directly regulate bitcoin miners’ power usage, it can ask local […]
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