United Launch Alliance, a partnership of Lockheed Martin and Boeing, for the first time beat Elon Musk’s SpaceX in competition for an Air Force satellite launch, both launch companies said on Friday. The contract covers launch services for multiple satellites aboard an Atlas 5 rocket in June 2019. The contract value is $191,141,581, the Air […]
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Shares of Micron Technology fell on Friday, dragging the broader chips sector lower. The iShares PHLX Semiconductor exchange-traded fund (SOXX) slipped 0.2 percent, with Micron falling about 4 percent to lead the decliners. Shares of chip makers Advanced Micro Devices and Nvidia — last year’s best-performing S&P 500 component — also traded lower. Semiconductors have […]
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Nike‘s latest earnings report brought a mixed bag of results — mostly positive — along with another highly anticipated announcement. The retailer confirmed plans to begin selling a limited assortment of footwear, apparel and accessories on Amazon.com, prompting a rally from Wall Street. Without divulging much detail, Nike said it’s still in the early stages […]
Read moreJohn Ourand of Sports Business Journal had an interesting series of articles about ESPN earlier this week, in which he discussed how ESPN arrived at its current challenge of being the most profitable cable network in the U.S., but facing the greatest threat from the growing trend of cord cutting. In the article, Ourand mentions […]
Read moreRBC Capital Markets’ lead internet analyst, Mark Mahaney, said Friday he doesn’t see a “sustained sell-off” in the technology sector, at least for fundamental reasons. “I look at these stocks and I’ll look at them differently — off their all-time highs. And the highest-quality names, at least that we look at in consumer internet, are […]
Read moreETFs enter the second half of the year with record inflows of $247 billion and record assets under management of $2.971 trillion. Inflows have been positive for 16 straight months. June saw the continuation of many of the big trends for the year….the biggest inflows remain in plain-vanilla assets like S&P 500 and Russell 2000 […]
Read moreIf you own an Apple Watch, you can unlock your Mac without having to type in a password. Just sit down at your computer and, boom, it’ll unlock itself. It’s a feature Apple has been offering for a bit under a year, but it’s one that I hadn’t ever used myself. I recently picked up […]
Read moreIndia is pressing Microsoft Corp to offer a sharply discounted one-time deal to the more than 50 million Windows users in the country so that they can upgrade to the latest Windows 10 operating system in the wake of ransomware attacks. Microsoft officials in India have “in principle agreed” to the request, Gulshan Rai, India’s […]
Read moreShares of Tintri rose more than 5 percent on Friday morning, making their debut on the New York Stock Exchange under the symbol TNTR. The company priced its initial public offering at $7 per share, at the low end of the expected range of $7 to $8 per share. At more than $60 million, the […]
Read moreGerman lawmakers have passed a controversial law under which Facebook, Twitter, and other social media companies could face fines of up to €50 million ($57 million) for failing to remove hate speech. The Network Enforcement Act, commonly referred to as the “Facebook law,” was passed by the Bundestag, Germany’s parliamentary body, on Friday. It will […]
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