Major technology and aerospace companies including Amazon.com, Apple, Intel, Qualcomm and Airbus are vying to take part in a new slate of drone tests the United States is set to announce on Wednesday, people familiar with the matter told Reuters. The wide interest in the U.S. initiative, launched by President Donald Trump last year, underscores […]
Read moreStreaming giant Netflix has a huge advantage in the original content space due to its strong relationship with consumers, tech venture capitalist Chamath Palihapitiya said Wednesday. Netflix has shown “that having a direct relationship with your customer — where your customer and your consumer are the same — is probably the best long-term business model,” […]
Read moreMonster Beverage’s difficult year will get worse, according to J.P. Morgan. The firm lowered its rating to neutral from overweight for Monster Beverage shares, predicting lower profitability this year. On Tuesday the company reported first-quarter earnings results that generally matched Wall Street expectations, but Monster’s management cautioned investors about future profit margin pressure from higher […]
Read moreA veteran market watcher is detecting a strange dynamic on Wall Street. Based on market activity and robust first-quarter earnings, CFRA’s Sam Stovall says investors are experiencing fear and greed — simultaneously. “Earnings are coming in much, much better than expected,” the firm’s chief investment strategist said Tuesday on CNBC’s “Futures Now.” “They’re worried that […]
Read morePresident Donald Trump said Wednesday that three American prisoners released from North Korea were headed home, a sign of potential good will ahead of Trump’s planned meeting with North Korean leader Kim Jong Un. In a tweet, Trump said “the 3 wonderful gentlemen that everyone is looking so forward to meeting” were accompanying Secretary of […]
Read moreWhen the global financial crisis kicked into high-gear a decade ago, most Americans learned the hard way that questionable decisions on Wall Street can lead to dire consequences on Main Street. We all saw how pockets of unethical behavior by some devils in the mortgage-backed securities market ultimately boomeranged on average homeowners. This included the […]
Read moreU.S. producer prices barely rose in April after strong gains in the first quarter, held down by a moderation in the cost of both goods and services, which could ease fears that inflation pressures were rapidly building up. The slowdown in wholesale price growth reported by the Labor Department on Wednesday is likely temporary as […]
Read moreWhile markets are busy with Trump tweets and geopolitics, one strategist says two catalysts are being left by the wayside. Economics and earnings will give stocks their next leg up this year, according to Kate Warne, investment strategist at Edward Jones. “We think first investors really aren’t paying attention to the fact that the budget […]
Read moreSilicon Valley venture capitalist Chamath Palihapitiya told CNBC on Wednesday he sees Apple as a massive generator of cash, but the company is probably slipping on the innovation side. “I think Apple is a productive cash machine. Is it a font of innovation? Unclear, trending to probably not,” the Social Capital founder and CEO told […]
Read moreIn Cleveland, a new road meant to cut commute times between the suburbs and a downtown medical hub has been redesigned as an “Opportunity Corridor” to bring businesses and jobs to poor neighborhoods along its way. In St. Louis, development officials are repurposing a century-old hat factory into a space for small manufacturers to bring […]
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