As the video game industry gears up for the E3 Expo in Los Angeles that begins June 12, TradingAnalysis.com founder Todd Gordon said Electronic Arts is the gaming stock to play into the event. Here’s why: • EA is up 26 percent year to date and hovering near all-time highs. Gordon observed Thursday on CNBC’s […]
Read moreFacebook won’t tell you what’s trending anymore. The social media site is removing the feature, which ranked news topics and links based on popularity, starting next week. “We found that over time people found the product to be less and less useful,” Alex Hardiman, the company’s head of news products, said in a blog post. […]
Read moreJeep sales are on fire. The Fiat-Chrysler brand sold almost 100,000 vehicles in May, a nearly 30 percent increase over the same month last year. That makes May Jeep’s second best month for sales ever, behind March, when the brand sold 98,382. Sales dipped in April, but the brand still sold 82,641 vehicles, eclipsing its […]
Read moreA recent earnings call with CEO Elon Musk didn’t go very well, and a recent staff shake up alarmed some investors, but still, Tesla’s stock is on an upswing. Shares were up about 2 percent on the news that Consumer Reports had reversed its previous position: It would now recommend the Tesla Model 3 after […]
Read moreThe world’s biggest sporting event will benefit Twitter shares, according to one Wall Street firm. MKM Partners reiterated its buy rating for Twitter’s stock, predicting a big sales boost from the World Cup this summer. “The Internet advertising environment appears to remain robust entering mid-year,” analyst Rob Sanderson said in a note to clients Friday. […]
Read moreIndia does not consider the Indo-Pacific region an exclusive club, the nation’s prime minister, Narendra Modi, said Friday. “India’s vision of the Indo-Pacific region is a positive one,” the 67-year-old said in his keynote address at the Shangri-La Dialogue — an annual meeting of global defense officials in Singapore. “By no means do we see […]
Read moreRon Conway, one of San Francisco‘s top tech power brokers, is taking a step back from tech investing. SV Angel, an early-stage venture capital firm founded by Conway, said Thursday it won’t be raising another fund. Conway and his son Topher will continue to invest under the SV Angel name, on a smaller scale and […]
Read moreMay’s super strong employment report, including a slightly better gain in wages, signals the Fed is on track to raise interest rates in June and could even add another rate hike to its forecast this year. Employers created 223,000 new jobs in May, well above the 188,000 expected, and the unemployment rate fell to 3.8 […]
Read moreIf you’re one of the 97 million dieters in the United States, you’re likely familiar with the relentless battle to lose weight as well as its accompanying refrain: Eat less and exercise more. This ongoing struggle has fed the growth of diets from the doable to the dangerous, and exercise regimens from the reasonable to […]
Read more
Dunkin’ Brands Chairman and CEO Nigel Travis is defending the doughnut maker’s “asset-light model,” which short-seller Jim Chanos cited as a reason he’s betting against the stock. “Since he made that prediction our stock has gone up,” Travis said on CNBC on Friday. Chanos revealed on CNBC his Dunkin’ short on April 26. Since then, […]
Read more