Strategist David Rosenberg named demographics the single most important factor for financial analysts and investors to monitor over the next decade. “If it’s all about ‘follow the money,'” wrote Gluskin Sheff’s Rosenberg, “then it is ‘follow the boomers.'” “Nothing is more important than this if you are looking at what will fundamentally influence the financial […]
Read moreAlphabet reported a drop in second-quarter profit thanks to a $2.74 billion fine European antitrust regulators slapped on its Google unit. Shares are off almost 3% in after hours trading. Here are the numbers: EPS: $5.01 versus $4.49 expected Revenue: $26.01 billion, up from $21.5 billion a year ago Paid clicks: +52% from a year […]
Read moreThe Roomba robotic vacuum has been whizzing across floors for years, but its future may lie more in collecting data than dirt. That data is of the spatial variety: The dimensions of a room as well as distances between sofas, tables, lamps and other home furnishings. To a tech industry eager to push “smart” homes […]
Read moreVideo game stocks have crushed the market this year and a top Wall Street firm predicts the sector’s strong performance will continue. Credit Suisse shared its best interactive entertainment picks going into earnings season in a note to clients Monday. Analyst Stephen Ju shared why he is still bullish on the sector long term: “With […]
Read moreMark Zuckerberg is 33 years old, worth almost $70 billion, according to Forbes, and is running one of the largest, most influential tech companies in the world. Why and how is he so successful? Luck has a lot to do with it, he says. “You don’t get to be successful like this just by being […]
Read moreJobs at tech companies like Google, Amazon and Facebook are the most sought-after roles around. But what type of employees are these companies looking to for? Data analysis site Paysa looked at over 8,200 job posting and over 70,000 resumes at tech companies worth $10 billion or more to find what roles they are hiring […]
Read moreAmazon is sending all kinds of signals that it’s interested in the health care industry. CNBC reported in May that the company was on the hunt for a general manager to lead a new pharmacy unit. Since then, it has brought on a slew of health experts to bolster its cloud offering, Amazon Web Services, […]
Read moreIf the market needs something to worry about, the Federal Reserve this week — and indeed for the rest of the year — just might be the catalyst. In fact, a mistake from the Fed might be the only thing investors really fear right now in this, the eighth year of the second-longest bull run […]
Read moreAlphabet, the parent company of Google, said Monday that Google CEO Sundar Pichai has joined its board of directors. After more than a decade at Google, Pichai was named CEO of the company when it was re-organized in August 2015 into a unit of Alphabet. Pichai “helped lead the development of key consumer products which […]
Read moreAnalysts once believed an agreement by oil producers to pump less would send crude prices to $60 a barrel in relatively short order. Now, Credit Suisse believes prices won’t even approach that level until 2020. The investment bank on Monday lowered its long-term price forecast for U.S. West Texas Intermediate crude by $5 a barrel, […]
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