While many investors are optimistic over AMD’s new products, Barclays is pouring cold water on the company’s new server offering saying the chip-maker will make little headway against Intel’s superior processor. The bank’s semiconductor analyst Blayne Curtis lowered his rating on the company’s shares to underweight from equal weight and reaffirmed his $9 price target […]
Read moreThe results of Netflix‘s latest quarter show why it’s a behemoth stock, CNBC’s Jim Cramer said Tuesday. “You know you don’t to get to be FANG for nothing,” he said on “Squawk on the Street.” Cramer spoke a day after the stock of the video-on-demand service surged in after-hours trading following its second-quarter earnings release […]
Read moreAs IBM gets set to report second quarter earnings after the bell today, investors may be losing patience. Analysts expect Big Blue to report its 21st straight quarter of declining revenue growth as its big investments in new technologies — like cloud computing and artificial intelligence — continue to be outweighed by its slowing legacy […]
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Bitcoin soars as miners finally move to solve the digital currency’s scaling problem
Bitcoin miners are signalling their intent to support a new upgrade for the bitcoin blockchain that may solve the digital currency’s long-running scaling issue. Several of the largest bitcoin miners (who create new bitcoins and support the blockchain), including AntPool, BitClub, Bixin, BTC.com and BitFury, have started showing their support for bitcoin improvement proposal (BIP) […]
Read moreIt seems that Amazon’s new meal kits are already on sale — at least, in select locations. An Amazon Prime customer told GeekWire that he had seen the company’s meal kits appear in his search results about two weeks ago and has already purchased and tested the kits. The Seattle-based Prime member said that the […]
Read moreQuietly, a fight has bubbled up in the ranks of House Republicans, which could derail the centerpiece of President Donald Trump‘s congressional agenda. The battle is really about tax reform, but its stage is the fiscal year 2018 budget resolution, scheduled for a committee vote this week. Behind it all is a clash between Republican […]
Read moreForeign purchases of U.S. residential real estate surged to the highest level ever in terms of number of homes sold and dollar volume. Foreign buyers closed on $153 billion worth of U.S. residential properties between April 2016 and March 2017, a 49 percent jump from the period a year earlier, according to the National Association […]
Read moreU.S. homebuilders should be feeling pretty good about their business, given the nation’s severe shortage of homes for sale, but a sharp spike in the cost of lumber is weighing heavy on their bottom lines. A monthly index of homebuilder confidence in the single-family market fell 2 points in July to 64 from a downwardly […]
Read moreCurrency, United States Finance
UK PM May urges government to show ‘strength and unity’ after leaks suggest divides over Brexit
U.K. Prime Minister Theresa May has told ministers to show “strength and unity”, and to keep details of their discussions private, after reports over the weekend suggested divides over Brexit. One of those reports involved an unnamed minister allegedly accusing U.K. finance minister Philip Hammond of trying to “f— up” the country’s departure from the […]
Read moreNetflix shares surged by nearly 10 percent at the open of trading after posting much better-than-expected subscriber numbers Monday evening. But don’t worry if you missed this move, it’s not too late to get in on the party, history shows. Since 2002, of the 17 times earnings pushed shares of Netflix up by 10 percent […]
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