Companies like Burger King might seem antithetical to data centers, but for Equinix CEO Steve Smith, the fast-food chain represents just one of the many clients his data centers serve. “Burger King, as you know, has stores and outlets all over the world. So they have customers, their people and their business deployed all over […]
Read moreInvestors tend to dislike stocks that are going down, and Jim Cramer found that the phrase “buy the dips” seems to have lost its spark among stock-pickers. “Really, it’s a shorthand for the process of buying stocks when enthusiasm for them cools, the flipside of selling stocks into a wave of euphoria,” the “Mad Money” […]
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For Jim Cramer, Friday’s unexpectedly strong jobs report numbers validated the strength of the high-flying stock market. “Employment growth means money to buy a car or to buy a house, hence why the housing stocks roared today [to] new highs. Do I really need to explain how hiring helps the banks and techs and the […]
Read moreAfter a series of twists and turns on Friday, Uber’s legal struggle with Alphabet‘s Waymo just got much simpler — in a way. Indeed, in a new legal filing, Uber argues the fight basically comes down to one star engineer and his $120 million bonus from Alphabet — which he allegedly really, really wanted. The […]
Read moreTesla’s stock closed up 1.4 percent Friday after the company updated its second quarter vehicle production report to include the number of vehicles on their way to be delivered. After incorporating in-transit data for the previous five quarters, Tesla omitted the stat in its July 3 report, causing concern for investors, who sent a deluge […]
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Blue Apron is among the worst-performing IPOs year-to-date — and it’s only been one week. That’s according to Kathleen Smith, principal at Renaissance Capital, a manager of IPO-focused ETFs. “The trading on this has been just awful,” Smith said. “Some of it is the Amazon fear but that’s not the only thing. Some of it […]
Read moreWearable maker Jawbone has begun liquidation proceedings, said tech website The Information on Thursday, citing a person close to Jawbone. Founded in 1999, Jawbone was one of the early pioneers of Bluetooth wearables, even before the term “wearables” became widespread. While its demise now may be at hand — the company declined to comment to […]
Read moreCybersecurity stocks like FireEye, Barracuda, Symantec and Palo Alto Networks rallied Friday, as snack food and beverage giant Mondelez International became the latest victim of a cyber attack. The company said it was hit with an attack on June 27 that compromised its ability to ship and send invoices during the last four days of […]
Read moreCredit Suisse released the firm’s best current stock picks to its clients in a mid-year update. The report is Credit Suisse’s “one-stop shop” for their research team’s best stocks and summaries pertaining to each selection. Each pick is based on a six- to 12-month time month horizon and represents a “snapshot” of the analysts’ thinking. […]
Read moreIn a bygone analog era, lawmakers and corporate chiefs traveled great distances to swap secrets, to the smoke-filled back rooms of the World Economic Forum in Davos, Switzerland, or the watering holes at the annual Allen & Company conference in Sun Valley, Idaho. But these days, entering the corridors of power is as easy as […]
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