Andrew Left is bullish on shares of Twitter at its current price level. Twitter is “a compelling product,” Left said in an interview on CNBC’s “Halftime Report” Friday. “When you compare the market cap to Facebook, it has a long way to go. … It’s a compelling platform for where its trading.” Twitter has a […]
Read moreAmazon shares have surged 20 percent this year, but one technician warns the stock could see a pullback in the near future. Craig Johnson, senior technical strategist at Piper Jaffray, is concerned that Amazon shares are trading in overextended territory and said it could be following a pattern from years past. “It’s very similar to […]
Read moreIntel surged to its highest levels since September 2000 on Friday, up as much as 10 percent, boosted by better-than-expected earnings, improved guidance, and a 10 percent dividend increase. The company beat Wall Street estimates when it reported earnings Thursday. That is being viewed by some that the chip vulnerabilities Meltdown and Spectre, revealed earlier […]
Read moreMarket-beating money manager Jeff Vinik is bullish on stocks for now, but warns we are in the latter stages of the market rally. “We’ve got a huge amount of momentum, not only market momentum, but economic momentum right now. The Trump tax cuts are certainly a tailwind for us. Worldwide, the economy is very strong, […]
Read moreHackers stole several hundred million dollar’s worth of one lesser-known cryptocurrency from a major Japanese exchange Friday. Coincheck said that around 523 million of the exchange’s NEM coins were sent to another account around 3 a.m. local time (1 p.m. Thursday, ET), according to a Google translate of a Japanese transcript of the Friday press […]
Read moreFormer Treasury Secretary and Obama administration economic advisor Larry Summers said Friday that recent employee bonuses are stunts and not reflective of long-term hopes for prosperity that tax cuts are supposed to bring. “I think it’s a gimmick,” Summers told CNBC’s “Squawk Alley.” “I think in many cases the firms have to raise wages because […]
Read more“One or a few legitimate” cryptocurrencies are coming, but bitcoin is not one of them, according to Starbucks‘ executive chairman and former CEO, Howard Schultz. “I don’t believe that bitcoin is going to be a currency today or in the future,” Schultz said, during a post-earnings conference call Thursday after the closing bell on Wall […]
Read moreThe nation’s battle against this year’s nasty influenza epidemic rages on as government health agencies and drug companies work on research to develop a universal flu vaccine that can protect against multiple stains of the flu. The flu season in the U.S. is now in full swing. The CDC’s latest weekly “FluView Report,” for the […]
Read moreCurrency, United States Finance
Saudi Arabia set to announce major contracts for new cross-country railway
The transport minister of Saudi Arabia said Friday that opportunities are coming up for international investment in the country’s rail infrastructure. “We have long-term public/private partnership (PPP) concessions that are in play. We are looking at restructuring some of our airports as well, allowing them to be privatized and then the big one is railroading” […]
Read moreYouTube star Logan Paul is back after a three-week break from the streaming service, officially launching his redemption tour with a video on suicide prevention in which he pledges to donate $1 million to organizations on the front lines. “It’s time to start a new chapter in my life as I continue to educate both […]
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