Technology stocks, rather than industrial heavyweights, are driving much of the surge in capital investment in the first quarter, preliminary data shows. Capital expenditures are on track to post 25.9 percent growth in the first quarter, according to Thomson Reuters I/B/E/S, as of Tuesday morning. Much of that comes from a 59.8 percent projected growth […]
Read moreIt’s not what you do and mess up, it’s what you don’t do that will plague you when you are old and looking back on your life. So says Amazon and Blue Origin boss Jeff Bezos. “When you think about the things that you will regret when you’re 80, they’re almost always the things that […]
Read moreI recently bought a pair of Snap‘s new smart glasses. They let me record video and photos and upload them to Snapchat — but they aren’t terribly good, and are too similar to last year’s unsuccessful model. I don’t even know why Snap decided to launch such an iterative model of the glasses, since it […]
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Going into earnings season investors were excited about the strong economy and benefits from tax cuts. Many predicted good stock performance would broaden out to all sectors from solid profit growth. But investors are still huddling in the same high growth technology names like FANG stocks with the S&P 500 roughly flat so this year. […]
Read moreGoogle is launching a new program to pour money and other resources into early-stage start-ups that work with its digital assistant. The program resembles Amazon’s Alexa Fund and reflects the extent to which Google sees the success of its smart assistant as a driver of future growth, as both companies (and other tech giants) vie […]
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For the past 10 years, the investment story on Apple was fairly straightforward. Investors and analysts only cared about how many iPhones it sold. And while that’s still the primary metric for the company’s success, it is no longer the only metric. The Apple story is more diversified than the company gets credit for, and […]
Read moreAt ESPN’s inaugural NewFront presentation on Wednesday, the sports channel said a daily edition of its “SportsCenter” program will come soon to the ESPN app. Hosted by Scott Van Pelt and several other “SportsCenter” anchors, the series will feature clips and news, including top plays, highlights and what fans should expect in the coming day. […]
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CNBC’s Jim Cramer was unimpressed by the performance of Snap‘s leaders on the company’s post-earnings (er, post-loss) call with analysts on Tuesday night. “I thought this was a ‘Saturday Night Live’ parody of a conference call,” Cramer said Wednesday morning. “I just didn’t think it had anything like a real conference call.” Cramer said he […]
Read moreIreland’s High Court has refused a request by Facebook to delay referral to Europe’s top court of a landmark privacy case that could strike down legal instruments used by U.S. tech companies to transfer EU users’ data to the United States. The case is the latest to question whether methods used by technology firms such […]
Read moreSeveral analysts and banks have suggested in recent weeks that demand for Apple’s most high-end iPhone, the iPhone X, has been waning. Apple proved them wrong in its earnings report on Tuesday evening. Several companies, including Consumer Intelligence Research Partners and Mirabaud Securities, said recently — in different terms — that demand for Apple’s iPhone […]
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