Adding more fuel to the growing feud between Ford and Tesla, a Ford executive had a snappy rejoinder ready for Elon Musk when the Tesla CEO tweeted on Sunday that the company hit its production goals. In response to Musk’s announcement, Steve Armstrong, Ford’s president of the Europe, Middle East and Africa region, tweeted how […]
Read moreAT&T informed customers over the weekend it is increasing the cost of its over-the-top streaming service DirecTV Now by $5 per month. The change comes shortly after the telecom bumped customers’ administrative fees, suggesting AT&T is searching for new sources of revenue following its costly acquisition of Time Warner. AT&T began notifying existing customers over […]
Read moreCFRA Research does not believe Tesla will be able to maintain its Model 3 production rate over the short term. The firm lowered its rating to sell from hold for Tesla shares, citing the stock’s valuation. Tesla said on Monday that the carmaker reached its one-week production goal of 5,000 Model 3 cars for the […]
Read moreThe United States and China are on a path of “mutual assured destruction” if there’s a massive breakdown in trade relations, Dell CEO Michael Dell told CNBC on Monday. “The two countries are completely intertwined,” Dell said in a “Squawk on the Street” interview. “It would be an extremely bad outcome for both countries.” Michael […]
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Apple’s big new software update that will roll out to iPhones and iPads this fall — iOS 12 — includes a new group FaceTime feature. That means you’ll be able to start a group video chat with up to 32 people on a single FaceTime call. You’ll need to install the iOS 12 public preview […]
Read moreDomo, a Utah-based analytics company, saw its stock price fall more than 13 percent Monday morning, following a rocky public debut on Friday. After bouncing around the board, Domo’s price settled Friday at $27.30 per share, 30 percent above its opening value of $23.80. Domo opened Monday morning nearly 6 percent lower at $25.43, and […]
Read moreAfter a sluggish start to the year, bitcoin started the month of July with a 12 percent rebound off of last week’s lows. The cryptocurrency rose 4 percent Monday to near $6,550 as of 9:30 a.m. ET, hitting a high of $6,609.50, according to data from CoinDesk. Last week, bitcoin skidded to its lowest level […]
Read moreFacebook is buying a British AI firm to help tackle fake news, TechCrunch reported Monday, in what would be a notable change of strategy for the social media site as it continues to face content issues. Facebook has vowed in recent months to beef up human editors and problem-spotting AI as it addresses concerns about […]
Read moreTesla on Monday said it met a closely watched goal for production, however it fell short on deliveries during the second quarter. Shares were trading higher, up more than 5 percent at $361.68 on the news. The stock is now up more than 10 percent over the past year. Tesla said it produced 53,339 vehicles […]
Read moreDespite Apple’s recent underperformance on Wall Street, one analyst believes there are no less than five reasons investors should buy shares of the iPhone maker. Highlighting the company’s 2018 product lineup as well as healthy services revenue, Citigroup analyst Jim Suva told clients that news of sluggish demand should subside throughout the summer months. Demand […]
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