Nvidia is setting records ahead of its Thursday afternoon earnings report. One market watcher says it’s a sign of what’s to come. “There’s an old trading rule: When a stock makes all-time highs, pay attention,” Boris Schlossberg, managing director of FX strategy at BK Asset Management, told CNBC’s “Trading Nation” on Wednesday. “It usually means […]
Read moreThis week’s collapse of the Iranian nuclear deal justifiably caused global consternation at the thought of Iran moving closer to becoming a nuclear power. There is, however, a much more immediate threat. Iran is already a cyber power and has a history of launching hacking attacks against American interests. Restoring sanctions removes an important deterrent […]
Read moreThe U.S. government needs to do more to support start-ups to secure its future as a technological innovator, said former Cisco CEO John Chambers. “We’re the only country in the world that not only does not have a digitization program, but we don’t have a start-up program,” Chambers said Thursday on CNBC’s “Squawk on the […]
Read moreHedge fund magnate Daniel Loeb is increasing his bets against a suddenly volatile stock market. Following a quarter in which his two flagship funds posted losses, the head of Third Point said he is increasing short positions that proved to be profitable during an otherwise rough first quarter. “An important shift in markets happened in […]
Read moreA new video Tesla posted to YouTube on Wednesday shows an image of an unnamed vehicle partially hidden by a sheet, and footage of passengers reacting to the acceleration of Tesla’s planned second-generation Roadster. The video, first pointed out by electric vehicle blog Electrek, is a stab at generating hype around Tesla’s brand days after […]
Read moreMatch Group’s stock plunge this month is a great buying opportunity, according to one Wall Street firm. UBS raised its rating to buy from neutral for Match Group shares, saying Facebook’s entry into the online dating business will not significantly hurt the company. Match Group reported better than expected first-quarter earnings results Tuesday, sparking a […]
Read moreAbbie has enjoyed a brilliant start to her new job as a junior fund manager at AllianceBernstein, a $500bn investment group in New York. In her first three months she has handled thousands of bond trades worth nearly $19bn, never complaining, messing up or even taking a break. That’s because she is an algorithm. AllianceBernstein’s […]
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CNBC’s Jim Cramer praised Nvidia‘s billionaire CEO Jensen Huang ahead of the computer chipmaker’s quarterly earnings after Thursday’s closing bell on Wall Street. The “Mad Money” host characterized the Taiwanese-American entrepreneur, who co-founded the Silicon Valley company in 1993, as a “visionary” and possibly the “[Albert] Einstein of our era.” Even Huang’s biggest competitors call […]
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[unable to retrieve full-text content] TWENTY years ago schoolyard fads revolved around clothes and music. Now they are as likely to involve video games. The latest must-have is “Fortnite Battle Royale”, a lighthearted multiplayer shooter in which up to 100 players parachute onto a continually shrinking playing field, hunt each other down and compete to […]
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[unable to retrieve full-text content] IF ONE concern unites Americans, it is the high prices of prescription drugs. One incident in particular tarnished much of the pharma industry: in 2015 the price of an antiparasitic drug, Daraprim, jumped from $13.50 to $750 per pill. But large price increases remain stubbornly commonplace (see chart). According to […]
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