IBM‘s stock is poised to fall 18 percent and the company’s AI supercomputer, Watson, won’t move the needle, Jefferies’ James Kisner told CNBC on Wednesday. The iconic technology company’s stock fell Tuesday after it reported revenue was down year over year for the 21st-straight quarter, off by more than 4 percent. The stock was down […]
Read moreSoutheast Asia’s largest telecommunications company may be on the hunt for acquisitions following the highly anticipated public listing of Netlink NBN Trust, which raised about 2.35 billion Singapore dollars ($1.72 billion). The newly public trust was the broadband arm of Singapore Telecommunications (Singtel), which said it took in a sizable haul from the public debut. […]
Read morePerhaps homeowners were scared by the recent jump in interest rates or by the expectation of higher rates ahead, but something sparked a jump in people applying for a mortgage refinance last week. Total application volume rose 6.3 percent for the week from the previous week. The Mortgage Bankers Association’s seasonally adjusted index shows volume […]
Read moreCurrency, United States Finance
US shale pumping means oil is stuck at $50 for the next two years, wealth manager says
Oil prices are likely to be stuck within a range of $40 to $60 for the next year or more, according to the latest investment forecast from U.K.-based wealth manager Coutts. In its mid-year investment outlook, published Wednesday, the private bank – which is reported to have the U.K. queen as one of its clients […]
Read moreSamsung began rolling out its smart assistant Bixby — which is a rival to Apple’s Siri — for Galaxy S8 and S8+ users in the U.S. on Wednesday, after a delay for the much-hyped feature. The new software is for owners of Samsung’s latest flagship devices in the U.S. and South Korea only, and they […]
Read moreSnapchat is getting its first daily news show in partnership with NBC News. “Stay Tuned” will air at 7AM and 4PM on weekdays and 1PM on weekends, according to the user’s local time zone. The episodes will be 2 to 3 minutes long and current news topics and pop culture events in the vein of […]
Read moreApple has created a major new executive role in China and appointed the head of its wireless technologies unit to run it, reporting into CEO Tim Cook, as the technology giant struggles with falling sales in the world’s second-largest economy. Isabel Ge Mahe will take up the new role of vice president and managing director […]
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Ex-'Top Gear' host Chris Evans tops BBC's best paid list with salary of $2.9 million
Stuart C. Wilson | Getty Images Claudia Winkleman arrives for the GQ 25th Anniversary Exhibition at Phillips De Pury on November 12, 2013 in London, England. Of the 96 top people listed, only 34 are women while the remaining 62 were men. Just one, Claudia Winkleman, who presents entertainment shows including Saturday night’s “Strictly Come […]
Read moreA nonprofit disability rights organization filed a class-action lawsuit against Uber, claiming the ride-hailing service discriminates against New York City riders with disabilities by not providing enough access to vehicles that can accommodate wheelchairs. “Having grown rapidly since it began operating in New York in 2011, Uber provides hundreds of thousands of rides a day […]
Read moreGoogle is making search results in its mobile app look more like a news feed as it battles Facebook and Amazon for the attention of — and information about — online consumers. This week the technology giant updated its app to add content from more sources to search results. For example, data on local events, […]
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