Activision Blizzard shares suddenly fell 5 percent early Thursday afternoon before trading was halted. The stock resumed trading around 3:30 p.m. ET and initially spiked more than 1 percent, but subsequently dropped 2 percent. At 1:05 p.m. ET, Dow Jones ran a few headlines about the gaming company’s earnings. The stock initially popped before turning […]
Read moreShort-sellers have been looking for weeks to pounce on Tesla, and CEO Elon Musk’s incendiary call with analysts Wednesday could just provide more for them to feast on. Bets against the electric car maker have zoomed 41 percent since March 6, according to S3 Analytics, which tracks short interest. That amounts to just shy of […]
Read moreThe technology sector is an area of risk in the stock market despite it drawing strong interest on Wall Street, an RBC Capital Markets investment strategist told CNBC on Thursday. “And I do think you’ve got to see some other major sectors take over the leadership,” said Lori Calvasina, head of U.S. equity strategy at […]
Read moreBernstein analyst Toni Sacconaghi, one of the analysts Elon Musk cut off on a Tesla earnings call Wednesday night, said the CEO’s behavior could be seen as a “worrisome sign.” “This is a financial analyst call, this is not a TED talk,” Sacconaghi told CNBC on “Halftime Report” on Thursday. Musk interrupted a question Sacconaghi […]
Read moreI reviewed the iPhone X for CNBC on Oct. 31 and then bought one when it hit store shelves on three days later. It’s been exactly six months since then and, while the Apple iPhone X bothers me sometimes, it’s still the best phone you can buy. In my review I praised the screen as […]
Read moreShares of cloud security company Zscaler plunged 10 percent on Thursday, following the sudden departure of Chief Operating Officer William Welch less than two months after the company’s IPO. Zscaler said late Wednesday that William Welch has resigned as COO and will remain with the company through May 14. In the statement, CEO Jay Chaudhry […]
Read moreThe old meal kit model is dead and Blue Apron is proof that meal delivery companies need more than just an online presence to survive. Blue Apron has struggled to hold onto customers amid growing competition and distribution issues. While it was able to grow subscribers by 5 percent from last quarter, the number of […]
Read moreIt appears Goldilocks has returned to both Main Street and Wall Street, at least from the Federal Reserve‘s point of view. For the moment, the three bears of slowing growth, inflation and tighter financial conditions may have been scared off by the Fed’s relatively benign description of an economy that is growing moderately, inflation reaching […]
Read moreCigna CEO David Cordani is trying to quell concerns that regulators will scrutinize and even block his company’s acquisition of pharmacy benefits manager Express Scripts. Experts have pointed to the Justice Department’s review of AT&T‘s acquisition of Time Warner as an example of the scrutiny Cigna and Express Scripts could face. Both deals are vertical […]
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Gold prices bounced back Thursday after hitting their lowest levels of the year earlier this week. Get set for another decline, according to one technician. The grim setup for gold is shown in the charts, Todd Gordon, founder of TradingAnalysis.com, told CNBC’s “Trading Nation” on Wednesday. “From 2010 we’ve traced a beautiful five-wave decline down […]
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