On Tuesday, jobs and salary website Glassdoor announced the company will be acquired by Japanese human resources company Recruit Holdings for $1.2 billion in cash. That impressive windfall has been more than a decade in the making, but it all started with a fairly simple, if controversial, idea. Co-founder Robert Hohman began his career at […]
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Small-cap stocks are making big moves. The Russell 2000 has rallied nearly 4 percent so far this year, outpacing the S&P 500 (up nearly 1 percent in the same time) and the Dow (down a bit less than 1 percent). Some market watchers see further room to run. The group will continue rallying as the […]
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Shares of MoviePass owner Helios and Matheson Analytics plunged more than 30 percent in Wednesday trading, after falling 31 percent a day earlier. The stock hit a low of 87 cents, down more than 97 percent from HMNY’s 52-week high of $38.86 a share hit in October. The company’s market value has plunged from $281 […]
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One of the analysts cut off by Tesla chief executive Elon Musk during the company’s latest earnings call has responded, telling clients he plans to “hold Tesla accountable” for its performance. In an open letter and invitation to Musk entitled “Dear Elon,” RBC Capital Markets analyst Joseph Spak defended his questioning. “Some of these questions […]
Read moreShares of software vendors New Relic and Twilio surged on Wednesday after reporting revenue that topped analysts’ estimates and showing investors that they can continue to get more spending from existing customers. New Relic, which helps companies track and quickly fix software bugs, jumped $13.55, or 18 percent, to $90.67 as of mid-day. Twilio, a […]
Read moreAmazon may be entering new businesses left and right, but that shouldn’t frighten companies using its cloud services, its top cloud exec said. Even some of Amazon’s most direct competitors — like Netflix, which competes with Amazon on video streaming — use Amazon’s cloud, Andrew Jassy, the CEO of Amazon Web Services (AWS), told CNBC’s […]
Read moreBlackRock, the world’s largest asset manager, handling more than $6 trillion, is leaving no stone unturned in its effort to shore up the investing dollars of the millennial and Gen Z generations. Having already made inroads in the robo-advisor business in recent years, BlackRock is coming for your nickels and dimes next. BlackRock announced Wednesday […]
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BUSINESS news does not repeat itself but it sometimes rhymes. In 2007 Walmart, America’s biggest grocer, crowed that it would crack the coveted Indian market by being the first global retailer to set up shop there, pipping envious rivals in the process. On May 9th it announced much the same thing: its time in India […]
Read moreGoogle‘s next version of Android has new tools that will help users fight their smartphone addiction. During its developer conference on Tuesday, Google discussed new functions in the next version of Android (code-named Android P) that will help users become more aware of which apps they use most and to improve their “digital wellbeing.” There […]
Read moreChip stock Micron to rally nearly 35 percent on ‘exceptional’ cloud computing demand: Morgan Stanley
Micron shares will thrive this year due to strong demand from several technology markets, according to one Wall Street firm. Morgan Stanley reiterated its overweight rating for Micron shares, citing its sales growth from the cloud computing business. The company’s shares are up 3 percent Wednesday after the report. “We see a positive risk/reward skew […]
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