Facebook shares have surged nearly 44 percent this year, but some traders appear to be pumping the brakes on the stock ahead of earnings Wednesday afternoon. “Over the past five days, Facebook has been the second-most-active single stock option that’s being traded [in the options market],” Mike Khouw of Optimize Advisors said Tuesday on CNBC’s […]
Read moreSteve Cohen is planning to launch a $20 billion hedge fund — and many institutional investors are planning to steer clear of it. Cohen has been managing his own fortune at Point72 Asset Management, the family office he created in 2014 after his hedge fund firm, SAC Capital Advisors, pleaded guilty to insider-trading charges in […]
Read moreA Russian man suspected of laundering at least $4 billion of criminal funds by switching them into the digital currency bitcoin has been arrested in Greece, police said on Wednesday. Police sources identified the individual as Alexander Vinnik, 38. After a tip-off, he was arrested in a small beachside village in northern Greece, on a […]
Read moreAmgen shares fell more than 2 percent in trading Wednesday, after the biotech’s second-quarter earnings report revealed profits may slow down in the future. Despite beating Wall Street’s expectations, the second-quarter earnings report showed the company’s growth is slowing and a buildup in inventories – rather than an increase in prescriptions – contributed to recent […]
Read moreMicrosoft on Wednesday is challenging Google’s cloud computing business with a trendy new kind of cloud computing service that Google specializes in — along with a super-cheap payment model that will be perfect for cutting-edge experimental uses. The Azure Container Instances tool will provide access to a container — a virtual slice on a physical […]
Read moreAmazon has some job openings. Lots of them. The company said Wednesday that it’s looking to fill more than 50,000 positions across the U.S. It’s planning to make thousands of offers on the spot on Aug. 2, when it opens the doors to potential hires at 10 Amazon.com shipping sites. There will be more than […]
Read moreTwo of the biggest tech titans in Silicon Valley have been publicly debating the potential of artificial intelligence this week: Mark Zuckerberg is optimistic, while Elon Musk is fearful — and says that the CEO of Facebook doesn’t understand the technology. Late Tuesday night, Zuckerberg defended his positivity, for the second time this week, in […]
Read moreWhite House to announce Apple-supplier Foxconn manufacturing plant in Wisconsin on Wednesday: Source
Apple-supplier Foxconn will announce a plant in Wisconsin on Wednesday evening, accompanied by President Donald Trumpand Wisconsin Gov. Scott Walker, a source with knowledge of the announcement told CNBC. U.S. House Speaker Paul Ryan, R-Wis., will also be present at the announcement in Washington, a source said. No exact location for the plant has been […]
Read moreDaniel Loeb’s Third Point took a new stake in BlackRock, calling the asset manager a “misunderstood franchise.” The hedge fund touted BlackRock’s oligopoly in the passive investing world, where its 38 percent market share in exchange-traded funds, or ETFs, is rising, according to Third Point’s second quarter investor letter, which was obtained by CNBC. The […]
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Shares of Advanced Micro Devices leaped 10 percent in morning trade Wednesday after reporting strong guidance and better-than-expected earnings. The chipmaker said late Tuesday it expects third-quarter revenue to increase 15 percent year over year, implying $1.5 billion in sales, about $100 million more than what analysts polled by Thomson Reuters expected. AMD also raised […]
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