Wall Street analysts have spent the last three months cutting their 2017 profit forecasts for Facebook. But you wouldn’t know it by looking at a chart of Facebook shares, which are up roughly 40 percent year-to-date, as the company prepares to release second-quarter results next Wednesday. Just ahead of its much-anticipated financial report and conference […]
Read moreQualcomm shares slid Thursday despite the company reporting better-than-expected earnings the day before — and a top semiconductor analyst said there is little to no incentive for investors to buy the stock. “At best I think it’s probably dead money,” Bernstein analyst Stacy Rasgon told CNBC on Thursday. Rasgon said the company’s biggest problem is […]
Read moreShares of Israel-based Check Point Software fell throughout the day Thursday despite a solid earnings report for the second quarter. The shares of the cybersecurity software company were 7.8 percent during afternoon trading in New York. The main reason for the plunge is that guidance for the current quarter is not what Wall Street analysts […]
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Bitcoin jumped Thursday to its highest price in almost four weeks as digital currency developers appeared to come closer to an agreement that would prevent a split in the cryptocurrency. Bitcoin rose more than 15 percent, to $2,675.67, its highest level since June 25, according to CoinDesk. As of 1:33 p.m., ET, the digital currency […]
Read moreBillionaire investor Mario Gabelli told CNBC on Thursday he isn’t worried about home retail stocks tanking after the announced Sears–Amazon deal. Shares of Home Depot, Lowe’s and Whirlpool were all falling on Thursday after Sears announced plans to sell Kenmore-branded appliances on Amazon.com. Kenmore Smart appliances will also be compatible with Amazon’s Alexa platform. Shares […]
Read moreMention Elon Musk and let the superlatives fly. But former Twitter CEO Dick Costolo just brought praising Musk — the billionaire entrepreneur behind electric cars and solar power solutions, space travel, and ambitions of digging transportation tunnels under cities — to a whole new level. “Elon may be proof that time travel exists, because he […]
Read moreFacebook is on a tear this year — surging 42 percent, and helping to push the tech sector to highs not seen since the dot-com bubble. After 17 years, the S&P 500 Technology sector finally closed at a record high on Wednesday, powered by mega-cap tech stocks like Facebook, Apple, Microsoft and Nvidia. And with […]
Read moreFirst Amazon dealt a blow to book stores. Then brick and mortar retail outlets. It’s coming after network television, Thursday night football and even Netflix. Grocery stores and Blue Apron better watch out, and it’s one-upping Pinterest and Instagram with the mobile app’s new Spark feature. Recently, Amazon’s innovations have veered in the direction of […]
Read moreThe beleaguered transit system in the Northeast may receive a boost from one of the most ambitious entrepreneurs in the world. Elon Musk tweeted Thursday that The Boring Co. received “verbal” government approval to begin building an underground Hyperloop, saying it would take 29 minutes to go from New York to Washington, D.C. “Just received […]
Read moreWhen Dick Costolo led Twitter, it was the little guy that takes on Facebook — and he thinks that Snapchat needs to find its area of attack. “What you have to understand about the specific space at which Twitter is operating in — and you’re seeing this a bit now with Snap — is that […]
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