The Senate’s failure to replace Obamacare raises new worries for markets that Washington dysfunction will prevent the Trump administration from driving through other aspects of its agenda — most importantly tax reform. The dollar fell and Treasury yields slid, after two senators signaled late Monday that they could not support the revised bill, and in […]
Read moreEntrepreneurship has been good to Mark Zuckerberg. At 33 years old, the Facebook founder and CEO is worth north of $66 billion, according to Forbes. Perhaps that’s why he’s on a mission help others become entrepreneurial. During the most recent stop on his tour of all 50 U.S. states, at the Blackfeet Nation reservation in […]
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For all the hype in the digital currency world about so-called initial coin offerings, U.S. investors often can’t officially participate. The reason, several analysts told CNBC, is companies’ fear of being held accountable by the U.S. Securities and Exchange Commission in case buyers lose money in what can be a frenetic rush for something with […]
Read moreGoogle’s digital glasses, rejected by consumers three years ago as an elite, privacy-invading toy, have picked up a lunchpail and gone to work. The research arm that produced Google Glass, known as X and led by Google co-founder Sergey Brin, has focused on a corporate version targeted at workers ranging from doctors to warehouse managers. […]
Read moreTrouble may be brewing for Amazon’s cloud computing business. Deutsche Bank told investors the market may get surprised by weaker than expected Amazon Web Services (AWS) growth in the second quarter. Analysts are almost universally bullish on Amazon with 86 percent of Wall Street firms rating the internet company at buy or overweight, according to […]
Read moreThe Bank of England’s governor has unveiled a new 10-pound note featuring Jane Austen at one of England’s grandest cathedrals, 200 years to the day since one of Britain’s most-loved novelists was laid to rest there. Speaking at Winchester Cathedral in southern England on Tuesday, Mark Carney said banknotes “serve as repositories of the country’s […]
Read moreIf you can manage it, don’t buy a new iPhone right now. Apple is almost certainly going to unveil new iPhones in September, just a couple of months from now, that will offer big upgrades to the current iPhones on the market. The iPhone 7 and iPhone 7 Plus, Apple’s top smartphones, are likely to […]
Read moreWhile 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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