As tech giant Apple soars to new highs, options traders are betting the rally is far from over. Apple shares are up more than 14 percent this year, and now within $50 billion of hitting the $1 trillion market cap milestone. According to “Options Action” trader Mike Khouw, the tech giant could be gearing up […]
Read moreInvestors should expect strength in semiconductor equipment manufacturers through 2019, according to J.P. Morgan, as demand for chips goads companies like Applied Materials and Lam Research higher. Analyst Harlan Sur added that he anticipates wafer fab equipment (WFE) – essential to the production of electrical circuits like LEDs and radio frequency chips – spending to […]
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CNBC’s Jim Cramer said Wednesday that he now sees value in Valeant Pharmaceuticals after its chairman and CEO, Joe Papa, guided the company through its recent challenges. The “Mad Money” host mentioned a note by Barclays analyst Douglas Tsao on Wednesday morning, which said Valeant’s “business has hit an inflection point with its existing business […]
Read moreCurrency, United States Finance
Cambridge Analytica did receive data from researcher in Facebook storm, ex-chief says
Cambridge Analytica’s former chief denied deliberately misleading British lawmakers, even as he admitted that his firm did receive data from the researcher at the center of a scandal over Facebook data, contradicting his previous testimony. Cambridge Analytica has said its work on Donald Trump’s presidential campaign did not use data at the center of the […]
Read moreThe volume of black smoke billowing from a fire at London’s Mandarin Oriental has gone down significantly after about an hour. Earlier, video footage showed smoke billowing from the roof of the hotel in London’s ritzy Knightsbridge area. The fire brigade says it was called just before 4 p.m. (1500 GMT) to the 12-story hotel. […]
Read moreShares of some insurance companies dipped briefly Wednesday, after a report said Amazon might consider offering home insurance. The Information reported Wednesday that, based on one anonymous source, Amazon had discussions about offering insurance in conjunction with its connected home devices. But, the report said, “There’s nothing that suggests Amazon has any concrete plans for […]
Read moreFacebook has teamed up with several outlets to release its own exclusive news shows. The company announced on Wednesday it was funding several news organizations to create original exclusive series for its platform. The shows will appear on Watch, its section dedicatesd to original video series. Facebook’s new initiative comes as the company has been […]
Read moreLife is about more than making money, says Evan Spiegel, the billionaire co-founder and CEO of Snapchat company, Snap. Spiegel, who is worth $3 billion according to Forbes, made the comment in a conversation with Recode’s Kara Swisher at the 2018 Code Conference on May 29. “So, obviously, life is not about making money. Life’s […]
Read moreWhen Tan Le was four years old, she, her mother, grandmother and sister fled from their native Vietnam in search of a better life in Australia. They spent five days crossing the South China Sea by boat with more than 150 others, were rescued by a British oil tanker and then lived in a refugee […]
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The head of the Securities and Exchange Commission made it clear Wednesday that the agency won’t bend the rules for cryptocurrency when it comes to defining what is or what isn’t a security. “We are not going to do any violence to the traditional definition of a security that has worked for a long time,” […]
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