The chances of Amazon‘s second headquarters coming near the nation’s capital just got a lot higher. Three bids from the D.C. area made the final list for Amazon’s second headquarters, which was announced Thursday. That’s the highest representation for any other region that bid for Amazon’s “HQ2.” The three regions — Washington, northern Virginia and […]
Read moreBill Nygren shared his market views and top stock ideas in an interview on CNBC’s “Halftime Report” Thursday. General Electric was “the worst performing stock in our portfolio. We were seriously off,” he said. However, he added his fund is sticking with its position and expressed confidence in the industrial company’s new management team. “In […]
Read moreApple’s blockbuster announcement that it will repatriate almost all of its $250 billion in overseas cash, create 20,000 new U.S. jobs, open a new U.S. campus, and add $350 billion to the U.S. economy ends any serious debate about the new tax reform law. The fact is, it’s a big net positive for America even […]
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Bitcoin surged Thursday, recovering from a sharp sell-off to briefly top $12,000. The volatile digital currency hit a high of $12,045.09, up 30.9 percent from a low of $9,199.59 a day ago on CoinDesk. CoinDesk’s bitcoin price index tracks prices from Bitstamp, Coinbase, itBit and Bitfinex. Bitcoin traded about 27 percent above that low at […]
Read moreSoftBank will complete its long-awaited investment agreement with Uber Thursday, two sources told CNBC, making SoftBank the company’s largest shareholder and providing a huge payday for both co-founder Travis Kalanick and other early backers. Travis Kalanick, who was ousted as CEO last year after a controversial run, will get $1.4 billion from the deal, making […]
Read moreFacebook is rolling out a 30-city program it promised last year to help small businesses grow and workers gain the digital computer skills needed to find a job. The company is announcing the first five cities to get a visit from a crew of professionals as part of its Facebook Community Boost program. Each team […]
Read moreBlockchain, one of the biggest cryptocurrency wallets in the world, launched a service to buy and sell digital coins in the U.S. on Thursday, in a challenge to Coinbase. The U.K.-headquartered company already allows its British customers to buy and sell bitcoin via its service, and is now launching the function in one of the […]
Read moreNetflix’s strong growth in international markets and its ability to raise prices will boost its shares, according to one top Wall Street firm. Morgan Stanley reiterated its overweight rating for Netflix shares, citing the economies of scale from its large subscriber base. “We believe share performance is highly dependent on increasing global membership scale. Proven […]
Read moreThe first major Wall Street strategist to cover bitcoin predicts the digital currency will more than double this year to $25,000 in the wake of its crash this year that saw it lose 50 percent of its value from a December record. Fundstrat’s Tom Lee is out with his latest report on bitcoin, which moves […]
Read moreIntel confirmed late on Wednesday that its patches to fix processors affected by the Spectre and Meltdown security exploits are causing computers to suddenly reboot on their own. Intel originally noted this on Jan. 11 when it said users had reported random reboots on systems that are powered by Intel Broadwell and Haswell processors. Now, […]
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