Google Cloud chief operating officer Diane Bryant has left the company after less than a year. “We are grateful for the contributions she made while at Google and we wish her the best in her next pursuit,” a spokesperson said in a statement. Before joining Google in late November 2017, Bryant spent more than 25 […]
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Oil prices will rise more than previously expected in the second half of 2018, as the Trump administration aims to wipe out Iranian crude exports by November, Morgan Stanley forecasts. The tougher-than-anticipated U.S. policy means Iran’s production could fall by 1.1 million barrels per day (bpd) at a time of high oil demand. The bank […]
Read morePepsiCo’s profitability will suffer due to commodity price inflation this year, according to Deutsche Bank. The firm lowered its rating on PepsiCo shares to hold from buy, predicting the company will report earnings below expectations this year. Analyst Steve Powers reduced his earnings per share forecast for PepsiCo’s fiscal 2018 to $5.62 from $5.69 versus […]
Read moreJosh Edelson | AFP | Getty Images Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. There’s an easy way to find every Apple iPhone app you’ve ever downloaded or paid for. This is useful in case you’ve […]
Read moreFinancial stocks were thought to be the market’s darlings at the beginning of 2018, as a marriage between the Trump administration’s deregulation efforts and an increasingly hawkish Federal Reserve should have created the sector’s picture-perfect environment. The price action couldn’t have been more different. Financials badly underperformed the broader market in the first half of […]
Read moreNow that Amazon has snapped up internet pharmacy PillPack for around $1 billion in cash, how long will it take before consumers can rely on the e-commerce giant for their medicines, as they do for groceries, clothing, books and pretty much everything else? And what will Amazon’s strategy be once the deal closes this year? […]
Read moreRoku stock is primed for a comeback as the online streaming platform starts to leverage its role as a leading over-the-top television provider, Oppenheimer says. Oppenheimer analyst Jason Helfstein on Monday upgraded shares of the Los Gatos, California-based pay TV company to outperform from perform, advising clients that the company’s homegrown Roku Channel will likely […]
Read moreSeveral Wall Street firms are downplaying Tesla’s Model 3 production milestone, remaining skeptical over the carmaker’s finances and demand trends. Tesla said on Monday it reached its one-week production goal of 5,000 Model 3 cars for the last week of the June quarter. But the company fell short on its second-quarter deliveries by posting 40,740 […]
Read more“You got to know when to hold ’em, know when to fold ’em,” Kenny Rogers sings in his ballad “The Gambler.” Gaming stocks investors should give a listen. Shares of Wynn Resorts, Las Vegas Sands and MGM Resorts fell nearly 8 percent, 6 percent and 3 percent, respectively after Macau gambling revenue results fell short […]
Read moreIt was once a powerhouse in the cellphone marketplace, supplying a tenth of the world’s smartphones in 2011. Now, after consecutive financial losses, HTC is cutting a fifth of its global workforce. The company said it was laying off 1,500 manufacturing workers in Taiwan, its home country, in an effort to “realign” resources. It had […]
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