Asian markets looked poised for gains on Thursday, tracking Wall Street’s advance as oil prices touched multi-year highs overnight. U.S. stock indexes gained on Wednesday, with energy shares advancing on the move higher in oil prices. The climb in oil prices came on the back of President Donald Trump’s Tuesday announcement that the U.S. would […]
Read moreIf Thursday’s consumer inflation data comes in hotter than expected, it could trigger an important interest rate move, which is being watched across financial markets. Traders await the reaction in the benchmark 10-year Treasury yield to the 8:30 a.m. ET CPI data. The 10-year was hovering at 3 percent late Wednesday, just below a recent […]
Read moreApple has envisioned its smartwatches as health devices since the product’s conception in 2012, according to a new interview with Apple’s top designer in Hodinkee Magazine. Jony Ive told Hodinkee, which covers the luxury watch industry, that health was “absolutely” an “early and significant focus” of the watch. The goal, he said, was “developing both […]
Read moreThe U.S. Transportation Department’s 10 winning drone pilot projects aimed at spurring the use of unmanned aerial vehicles in a wide variety of fields do not include Amazon or China’s DJI, but do involve Alphabet, Qualcomm and Microsoft. Apple is also involved in the project through a partnership with the North Carolina Department of Transportation. […]
Read moreCNBC’s Jim Cramer was taken aback when shares of Disney and Walmart got slammed after the companies announced new investments. Shares of Disney closed down nearly 2 percent on Wednesday after the entertainment giant revealed that it was spending heavily to boost ESPN Plus’ online offerings. Walmart’s stock also lost more than 3 percent of […]
Read moreAs energy stocks rose on Wednesday after President Donald Trump exited the Iran nuclear deal, CNBC’s Jim Cramer wanted to explain the simultaneous rally in the technology sector. The “Mad Money” host said it all started with a research note released by Morgan Stanley. The analysts wrote that near-term conditions for semiconductors and the cloud […]
Read moreBritish-based Vodafone has struck a deal to buy some European assets of U.S. cable company Liberty Global for $21.8 billion in a move Liberty Global’s CEO, Mike Fries, said will benefit both investors and mobile users. “It’s a total win for consumers,” Fries, who is also vice chairman of the company, told CNBC’s “Power Lunch” […]
Read moreFollowing a revenue beat on Wednesday, IAC CEO Joey Levin penned a letter assuring shareholders that the Match Group parent company was well-positioned to compete with Facebook in the dating space. The internet and media holding company reported revenue of $995 million, versus the $935 million analysts expected. (The company also reported GAAP diluted EPS […]
Read moreAmazon’s cloud business is now releasing numbers that show something important about its customer base: loyalty. Amazon disclosed in its latest quarterly report that it had $12.4 billion in backlog revenue for Amazon Web Services. The balance represents the total value of signed contracts that didn’t get reported as revenue because the agreements run for […]
Read moreAmazon Web Services CEO Andy Jassy said on Wednesday it’s “super dangerous” for Seattle to consider taxing large companies — and risk dampening job creation — to offset the effects of gentrification and homelessness. In particular, Jassy was critical of the proposed “head tax,” which would apply to 585 businesses with $20 million or more […]
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