Dropbox has been one of the hottest tech stock IPOs this year, but some traders are betting the big rally could be coming to an end. Shares of the cloud services provider were down nearly 6 percent on Tuesday afternoon, but have been on a tear since going public. Despite the dip, Dropbox is still […]
Read moreFacebook is taking another jab at YouTube by expanding its video ad opportunities to more social media stars. The company announced at an event for Facebook video creators on Tuesday it would allow more content to be eligible for its Watch program. By doing so, it opens up the doors for both the company and […]
Read moreBritain said Rupert Murdoch’s Twenty-First Century Fox had answered its remaining doubts about the independence of Sky News if the U.S. company buys all of its parent Sky, paving the way for a takeover battle over the pay-TV group. Fox in April offered to spin off Sky News to Walt Disney to head off objections […]
Read moreApple CEO Tim Cook on Tuesday criticized the Trump administration for its “heartbreaking” and “inhumane” policy of separating immigrant children from their parents at the U.S. border with Mexico. “It’s heartbreaking to see the images and hear the sounds of the kids. Kids are the most vulnerable people in any society. I think that what’s […]
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The Trump administration’s history with trade has been volatile for stocks, usually sending them lower at first, but investors who have bought equities on those dips have been rewarded. The Dow Jones industrial average, S&P 500 and Nasdaq composite this year dropped on average at least 0.4 percent immediately after an announcement on trade policy […]
Read moreDanny Meyer stands by cashless push: 'We're unaware of any federal law' that requires accepting cash
Shake Shack founder Danny Meyer is defending his restaurant group’s push into cashless transactions, saying in a blog post, “we’re unaware of any federal law that requires private businesses to accept [cash].” Meyer owns Union Square Hospitality Group, which faced criticism after testing cashless operations at select restaurants. Shake Shack was founded by both Meyer […]
Read moreTwo years after Express Scripts, the giant pharmacy manager, threatened to remove PillPack from its nationwide network, the company is doing the same thing to CareZone, a venture-backed start-up that delivers medications to customers’ doors. It’s a troubling trend for emerging companies that rely on large pharmacy benefit managers (PBMs), which sit between insurance providers […]
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As the Dow comes under pressure again, one technician is taking the opportunity to break open the index for the names to buy on weakness. Ari Wald, head of technical analysis at Oppenheimer, subscribes to one guiding philosophy to identify those picks. “Our general rule to investing is only buy stocks above a rising 200-day […]
Read moreInvestors should sell Snap shares because a survey shows time spent per user on its app is declining, according to one Wall Street firm. Cowen reiterated its underperform rating for Snap shares, predicting the social media company will report sales below expectations. “We trimmed our 2Q18, FY18-FY23 estimates, lowering our revenue / EBITDA forecast on […]
Read moreWhite House trade advisor Peter Navarro said Tuesday he has no knowledge of an exemption for Apple‘s iPhones in U.S. trade talks with China. On Monday the New York Times reported, citing a source, that President Donald Trump told Apple CEO Tim Cook the U.S. government would not impose tariffs on iPhones assembled in China. […]
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