Consumer staples kicked off the week with more losses, cementing their status as the worst performers of 2018. Sector weakness has not deterred Chad Morganlander, portfolio manager at Washington Crossing Advisors. “We’ve owned consumer staples and been overweight for the last three years,” Morganlander told CNBC’s “Trading Nation” on Friday. Morganlander remains bullish on the […]
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Veteran analyst Dick Bove is about to put some skin in the game as an activist investor in the banking industry. After a career in financial services that has spanned some 53 years, his new adventure will see him switch to strategist for a Hilton Capital Management effort that seeks to capitalize on what he […]
Read moreDUBLIN, Ohio — When Pat Tiberi announced last fall that he was retiring after representing Ohio’s 12th Congressional District for almost two decades, there was a long line of fellow Republicans waiting to replace him. The party’s primary on Tuesday will feature 10 candidates, including two state senators, a county prosecutor and a local conservative […]
Read moreCNBC’s Jon Fortt sat down with Microsoft CEO Satya Nadella in advance of the company’s annual Build conference. The tech company reported higher than expected third-quarter earnings last month with strong guidance for the upcoming fiscal year. Microsoft plans to continue driving revenue growth through its cloud services. Its Intelligent Cloud segment contains the Azure […]
Read moreAs the cloud battle heats up, Microsoft is taking a unique approach to silicon that it says can help developers more quickly perform artificial intelligence computing tasks. An initiative called Project Brainwave lets developers in Microsoft’s data centers use field-programmable gate arrays (FPGAs), which can be customized even after they’ve been plugged into servers. Microsoft […]
Read moreThe next 30 years will be defined by China and U.S. relations, Microsoft CEO Satya Nadella said ahead of the company’s annual Build conference. “I think the next 10 years, next 20 years, next 30 years, whatever your time horizon, is going to be defined by these two countries — China and the United States […]
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If Wall Street’s setback since January is indeed simply a routine correction in a still-vibrant bull market, the time is nearing for the market to prove it. Last week’s resilient finish was a step in that direction, though the longer the process drags on the higher the bulls’ burden of proof. The drop from the […]
Read moreShake Shack’s surging stock this year is an opportunity for investors to take some profit, according to J.P. Morgan. The firm lowered its rating for the burger chain’s stock to underweight from neutral, citing the company’s valuation. Shake Shack shares rose 18 percent on Friday, a day after it reported stronger-than-expected first-quarter earnings. “SHAK is […]
Read moreMicrosoft CEO Satya Nadella says consumer trust will push the company’s cloud product ahead of competitors Amazon and Google. “Trust, not just in the technology, the ethics around A.I., privacy, security — all that also matters —[but] trust in [the] business model,” Nadella told CNBC in an interview published Monday. Core business models of tech […]
Read moreBillionaire investor Carl Icahn has sold his stake in U.S. insurer AIG, Forbes reported on Monday, ending a more than two-year association with one of the largest U.S. property and casualty insurers. The activist investor started accumulating AIG shares in 2015 and became its third largest investor with a 4.76 percent stake as of the […]
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