Roku 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 […]
Read moreCheck out the companies making headlines before the bell: Amazon.com – Amazon announced that its annual “Prime Day” would begin on July 16 and run for 36 hours, up from last year’s 30 hours. eBay – eBay said it would offer “thousands of exclusive deals” on July 17, in a press release that appears directly […]
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Investors may be obsessing over Trump trade policies, but another government body could really be driving the sell-off: the Fed. Since the Fed raised rates on June 13 for only the seventh time since the financial crisis, the Dow has fallen by more than 1,000 points, while the S&P 500 has dropped 2 percent. The […]
Read moreCurrency, United States Finance
Iran’s president is in Europe to save the nuclear deal … but he risks starting a 'messy dispute'
Iranian President Hassan Rouhani is in Europe to meet the leaders of Austria and Switzerland in a bid to save the international nuclear deal that has been abandoned by the U.S. However, trying to do so could cause a “very messy dispute” between the U.S. and Europe, according to one expert. “The U.S. will increase […]
Read moreCurrency, United States Finance
Drinking as many as eight cups of coffee a day could help you live longer, study says
Drinking coffee could boost your chances of a longer life, research shows, even for those who consume as many as eight cups a day. In a study of around half-a-million British adults, coffee drinkers were found to have a slightly lower risk of death over a 10-year follow-up period than non-coffee drinkers. The apparent longevity […]
Read moreAmazon said Tuesday that this year’s Prime Day will kick off on July 16 at 3 p.m. ET, with deals running for 36 hours through the following day. That makes this year’s event the longest one in the company’s history thus far. Prime Day is Amazon’s annual sales holiday, started in 2015, which typically features […]
Read moreWASHINGTON — Facebook said on Monday that it faced an expansion of federal investigations into its sharing of user data with the political consulting firm Cambridge Analytica, with more government agencies inquiring about the matter and examining the social network’s statements about the episode. The Justice Department and the Federal Bureau of Investigation have each […]
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