Asian markets edged cautiously higher on Tuesday, retracing some of the sharp declines seen in the overnight session as stocks tracked gains seen on Wall Street although worries over U.S. trade policy lingered in the background. The Nikkei 225 advanced 0.22 percent in early trade after steep losses seen in the previous session. Insurers and […]
Read moreLoup Ventures’ Gene Munster predicts the embattled automaker will be profitable by September. CEO Elon Musk announced Tesla aims to produce 6,000 Model 3s per week by August, but Munster says September is a safer bet. “This 5,000 production number was the first time in about nine months he’s gotten one right. I think it’s […]
Read moreFacebook stock slipped roughly 1.5 percent after-hours on Monday after The Washington Post reported that federal investigators are broadening their inquiries into the company’s data sharing practices. The FBI, SEC, and FTC have all joined the Justice Department in its investigation of Facebook following revelations of its data sharing with consulting company Cambridge Analytica, people […]
Read moreAmerican Well, a start-up that helps hospitals and other physician groups integrate virtual consultations, has backing from a giant new partner: Philips. As of June 28, American Well had raised a fresh $291 million, according to an SEC filing, which indicates the company is aiming to raise a total of about $315 million. In January, […]
Read moreTesla’s senior vice president of engineering, Doug Field, is leaving the company for good after previously stepping away for what the company had characterized as a leave of absence. Tesla confirmed his departure and said: “After almost five years at Tesla, Doug Field is moving on. We’d like to thank Doug for his hard work […]
Read moreTesla announced on Monday that it hit its quarterly goals for vehicle production, churning out 5,031 Model 3’s over the last week of June, squeaking past its self-imposed target of 5,000. The company expects to increase production to 6,000 Model 3s per week by late August. Tesla’s new vehicle production and deliveries report helped the […]
Read morePiper Jaffray believes Lumentum shares will rise, predicting Apple will include its 3D sensor components in more iPhone models this year. The firm reiterated its overweight rating for the company’s shares, forecasting strong growth for its products in the second-half of 2018. “We view LITE as one of the best stocks to own in the […]
Read moreDell swung for the fences and ended up with a single. Maybe a double. After months of anticipation, Dell announced today it’s acquiring its publicly traded tracking stock that mirrors the performance of VMware. This simplifies the shareholding structure of the two companies significantly. Currently, Dell owns 82 percent of VMware. Of that portion, 50 […]
Read moreThere has been a lot of talk in the world of exchange-traded funds that giants like Vanguard Group, BlackRock‘s iShares and Charles Schwab are headed in the direction of trading without any management fee at all. We’re not there yet, but Vanguard Group is making a major move related to ETF fees that no other […]
Read moreA Facebook bug briefly unblocked people on Messenger who had previously been blocked, opening the door to unwelcome messages and exposing otherwise hidden posts, the company said Monday. The bug affected up to 800,000 users and has since been fixed, the company said. But it’s yet another privacy misstep for the social media company, which […]
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