As CNBC’s Jim Cramer sees it, the stock market is in the middle of a full-fledged stand-off between the bulls and the bears. The bulls got a win with Friday morning’s jobs report from the U.S. Labor Department that said the country added 213,000 non-farm jobs in June. Stocks rose after the report was issued. […]
Read moreFacebook gained nearly 5 percent on Friday, hitting an all-time intraday high of $203.64 a share. The stock closed slightly below that level at a record $203.23, translating to a market value of more than $588 billion. The move pushed CEO Mark Zuckerberg’s net worth closer to the top of the list in rankings of […]
Read moreThe average price of a house bought in San Francisco rose by $205,000 in the first half of 2018, the largest six-month increase in history, according to MLS data compiled by local real estate agency Paragon. The average house in the city limits now costs $1.62 million. Condo prices also rose by $71,000, which is […]
Read moreA Silicon Valley company that uses bots to automate certain tasks previously done by human workers has reached a $1.8 billion valuation with a new fundraising from several companies, including Goldman Sachs. San Jose, California-headquartered Automation Anywhere this week announced a $250 million round of fundraising — its first round of outside funding despite being […]
Read moreA few weeks ago, visitors to Etsy were being offered discounts on everything from handmade moonstone rings, reclaimed wood chopping boards to vegan tote bags across its website. Markdowns are par for the course in the retail industry, but for Etsy, the basics of retailing have not come easy. The 13-year-old company only began running […]
Read moreInvestors are familiar with Netflix dominating the streaming space, with its 100 percent gain just this year, but a handful of other names in its universe have surged in recent months. Pandora, Roku and Spotify have surged 71 percent, 49 percent and 19 percent, respectively, in the last three months. Spotify is the youngest public […]
Read moreStitch Fix is in the middle of a two-day rally, gaining 20 percent and $490 million in market cap since Tuesday’s close at its peak. Shares of the clothing subscription box company rose as much as 10 percent Friday after jumping 9 percent Thursday. The stock hit a fresh all-time intraday high of $31.69 during […]
Read moreHealth care is notoriously complicated. But it’s also a mega-market rife with waste and inefficiencies. That makes it hard for big tech companies to ignore. In the past five years, Apple, Amazon, Alphabet, Microsoft and Salesforce have all made big moves into the sector, as evidenced by a string of recent hires, product announcements, and […]
Read moreNetflix could see its rapid growth stall if interest rates continue to rise, according to RBC Capital Markets Lead Internet Analyst Mark Mahaney. The video streaming company often funds its original content by taking on debt. That strategy may have worked so far, but “a rapid escalation in interest rates would reduce their ability to […]
Read moreBillionaire hedge fund founder Ray Dalio says artificial intelligence and automation are improving productivity but also causing such a dramatic wealth gap that “a national emergency should be declared.” The co-chief investment officer and co-chairman of Bridgewater Associates shared his thoughts in a Facebook post on Thursday. Dalio says he was responding to a question […]
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