CNBC’s Jim Cramer was thrilled when he saw that the U.S. economy added 223,000 nonfarm jobs in May, far overshooting estimates and driving unemployment to an 18-year low. “You want to know what the perfect economy looks like, at least from the perspective of the stock market? Honestly, it looks a lot like this one, […]
Read moreIn times of volatility in the stock market, CNBC’s Jim Cramer looks for secular investments that tend to remain unaffected by global turmoil. That’s why the “Mad Money” host came up with the “cloud kings,” a group of stocks including Adobe and Salesforce that has seen huge gains in 2018 despite the market’s swings. “When […]
Read moreSilicon Valley star Nikesh Arora has landed a new gig. Arora, a former executive at both SoftBank and Google, has joined Palo Alto Networks as CEO and chairman. Palo Alto Networks‘ current CEO and chairman, Mark McLaughlin, will become the board’s vice chairman. Arora was most recently the president and chief operating officer at SoftBank […]
Read moreThe Trump administration may soon claim as much as $1.7 billion penalty from ZTE, as it looks to punish and tighten control over the Chinese telecommunications company before allowing it back into business, according to people familiar with the matter. The Commerce Department is also seeking unfettered site visits to verify U.S. components are being […]
Read moreThe Department of Homeland Security last year found evidence of devices that can secretly catch cell phone communications around the White House and other “potentially sensitive” areas of Washington, DC, a letter made public Friday reveals. Sen. Ron Wyden, D-Ore., said that the letter to him is “more evidence” that Americans are “being spied, tracked, […]
Read moreGoogle Cloud boss Diane Greene told employees on Friday that the company will not seek to renew a controversial contract with the Department of Defense after it expires in March 2019. Gizmodo originally reported the news. In March, Google announced that it had partnered with the Pentagon to help it analyze and interpret drone videos […]
Read moreApple next week will debut tools to let two iPhone users share augmented reality while limiting the personal data sent to its servers, two people familiar with the matter said this week. Augmented reality (AR) allows viewers to see virtual structures superimposed on their surroundings via their smartphones or other devices. It is the technology […]
Read moreMorgan Stanley shared with its clients the firm’s best current stock picks. “The Alpha Almanac summarizes Morgan Stanley Research’s Global Economics and Strategy macro forecasts and collects a list of Sector Research’s high conviction, differentiated singlestock calls across the US,” equity strategist Michael Wilson said in a report Friday. Here are four overweight-rated companies that […]
Read moreMicrosoft held talks in the past few weeks to acquire software developer platform GitHub, Business Insider reports. One person familiar with the discussions between the companies told CNBC that they had been considering a joint marketing partnership valued around $35 million, and that those discussions had progressed to a possible investment or outright acquisition. It […]
Read moreZuora shares surged more than 20 percent on Friday after the cloud software company reported better-than-expected results in its first earnings report since going public. The stock jumped $4.69 to $26.87 as of mid-day, giving the company a market capitalization of $2.8 billion. The shares have almost doubled in value since Zuora’s IPO in April. […]
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