A pullback in the market appears likely, but it would represent a buying opportunity before stocks produce more gains, the chief technical strategist at BTIG said Thursday. On CNBC’s “Squawk Box,” Katie Stockton, whose calls on the market have been very right lately, said internal measures have reached worrying levels that warrant attention. “Just in […]

Joelene Latief is only a senior in high school, and already has a patent of her own. She and a friend designed an anti-theft purse, and Oracle helped them apply for the patent. Latief attends the Design Tech High School in Redwood City, California. The public charter high school opened the doors of its new […]

U.S. money transfer giant MoneyGram is teaming up with blockchain firm Ripple to test payments using the latter’s cryptocurrency XRP. MoneyGram, based in Dallas, Texas, will use the XRP cryptocurrency to speed up and reduce the cost of transferring money through Ripple’s payment network xRapid. XRP was seen surging on the news, and flew almost […]

Billionaire investor Warren Buffett is right about cryptocurrencies, and the price of bitcoin will be much lower in the near future, a veteran investor told CNBC on Thursday. Buffett, chairman and CEO of Berkshire Hathaway, warned on Wednesday the recent craze over bitcoin and other cryptocurrencies won’t end well. But Buffett added he would not […]

President Donald Trump repeated an earlier call for an internet tax, in a thinly veiled shot at Amazon‘s Jeff Bezos, who owns The Washington Post. “The internet — they’re going to have to start paying sales tax because it’s very unfair what’s happening to our retailers all over the country that are put out of […]

Google quietly acquired a U.K.-based company which turns the surface of devices such as smartphones into speakers with its technology. A U.K. regulatory filing from December 2017 showed that Google subsidiary Google Ireland Holdings Unlimited Company, bought all the shares of NVF Tech, the parent company of Redux Laboratories. The filing did not list the […]

IBM plans to reassign up to 30 percent of staff in its 103,000 computer service delivery business this year with job losses through attrition of around 10,000, technology website The Register reported on Thursday, citing unnamed company insiders. The news site published a slide it said was from an IBM internal presentation, which showed 10,100 […]

Netflix’s original content success will boost its financial results, according to one Wall Street firm. Barclays initiated coverage for Netflix shares with an overweight rating, predicting strong subscriber and revenue gains for the next few years. “Netflix bull case at the core is relatively simple – if subscriber growth is faster than content cost growth […]

Samsung is being sued in France for misleading advertising related to alleged workers’ rights violations. The lawsuit was filed by two non-governmental organizations (NGOs), Sherpa and ActionAid France, in a Paris court on Thursday. It names Samsung Global, the electronics giant’s worldwide parent company, and local subsidiary Samsung Electronics France. Sherpa and ActionAid France claim […]

Russia says it has identified the launch location from where a swarm of armed drones began their attack on two of its military bases in western Syria on Saturday. Ten drones rigged with explosive devices descended over Russia’s Hmeimim air base while a further three targeted the Russian Naval CSS point in the nearby city […]