Asian stocks were poised to slip early on Wednesday despite slim gains seen on Wall Street as a jump in oil prices and trade-related headlines took center stage. Futures pointed to slightly lower opens for both Japan and Australia, with Nikkei futures traded in Chicago lower by 0.17 percent compared to the benchmark’s Tuesday close. […]
Read moreYouTube star Mark Rober, best known for his DIY science videos, has been helping Apple develop virtual reality for entertainment in self-driving cars, according to patent filings that were first reported by Variety. Rober, who has more than 3.4 million YouTube followers, left stints at NASA and Morph Costumes to take a job in 2015 […]
Read moreThe iconic motorcycle company Harley-Davidson is running out of options on how to respond to a mix of declining sales and potentially devastating tariffs, Jaime Katz, senior equity analyst at Morningstar, told CNBC. She said moving some of its operations overseas may be the logical solution. “In order to fail to alienate their consumers overseas, […]
Read moreFacebook on Tuesday said it will stop building pilot-less planes designed to beam down internet from the sky. It was one of a few web companies that set out a few years ago to bring connectivity to areas where it was lacking. That approach could have the effect of bringing on more users and driving […]
Read moreIn the heated bidding war between Disney and Comcast for Fox‘s assets, there’s growing confusion surrounding the fate of European media company Sky Plc. Fox owns 39 percent of Sky, which Disney CEO Bob Iger has called a “crown jewel” among Fox’s assets. But when Disney decided last week to increase its offer for Fox […]
Read moreGoldman Sachs is reiterating its sell rating on Tesla and expects the electric car maker’s widely watched Model 3 delivery number to fall short of Wall Street expectations. Tesla is expected to release its second-quarter production and delivery numbers in the first few days of July. Goldman analyst David Tamberrino expects the company to report […]
Read moreSilicon Valley may favor the young, but technology’s romantic idea of the youthful, enterprising entrepreneur may be off by about 20 years. A new study found the average founder of the fastest growing tech startups was about 45-years-old — and 50-year-old entrepreneurs were about twice as likely to have a runaway business success as their […]
Read moreFacebook is reversing its January ban on cryptocurrency ads, though advertisers will have to be pre-approved and ads related to initial coin offerings or binary options are still be prohibited, the company announced in a blog post. Facebook’s original ban was intentionally broad at a time when cryptocurrencies like bitcoin were booming, and the largely […]
Read moreMajor videogame publisher stocks will thrive as consumers shift to downloading games more, according the Piper Jaffray. The firm reiterated its overweight ratings for Take-Two, Electronic Arts and Activision Blizzard shares, predicting rising profitability over the next four years for the companies. “We believe it is a certainty that video games [sales] will be ~100% […]
Read moreThe S&P 500 could finish the year with a strong rally — but in the meantime, the market is not out of the woods yet, Wall Street veteran Byron Wien told CNBC on Tuesday, a day after stocks were clobbered on the latest twist in the U.S.-China trade saga. Wien, vice chairman of Blackstone Private […]
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