Wall Street is buzzing over Micron’s surging profit growth and its better than expected sales forecast. Micron shares rose 4 percent at one point in early trading Thursday, a day after it reported better-than-expected fiscal third-quarter earnings and gave a fourth-quarter revenue guidance above consensus expectations. The stock was up 2 percent as of 9:45 […]
Read moreThis year’s Amazon Prime Day is reportedly scheduled to start around midday July 16 and continue through the following day. The unannounced date was accidentally published on a banner of Amazon’s U.K. website this week, according to TechRadar. Amazon didn’t immediately respond to CNBC’s request for comment nor confirm the date to TechRadar. TWEET A […]
Read moreIntel‘s Brian Krzanich is out as CEO and chairman of the board following an investigation into a “consensual relationship with an Intel employee,” the company announced Thursday. Chief financial officer Robert Swan will step in as interim CEO, effective immediately. The board has already begun the search for a permanent replacement. “An ongoing investigation by […]
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If can surf through content by voice, too. On each screen, each app or selection is labeled with a small number. If you’re looking through a page full of comedy movies, for example, you can select one by saying “Alexa, select number 5.” Or you can move on to a new page of movies by […]
Read moreMartin Sorrell has explained WPP’s succession plan following his resignation as chief executive of the advertising agency group in April, an abrupt departure he likened to being “hit by the bus.” Speaking at an event during the Cannes Lions International Festival of Creativity in France, he said: “Nobody believed there was a succession plan.” “For […]
Read moreMicron Technology’s third-quarter profit and current-quarter forecasts beat Street’s expectations, as the chipmaker benefited from a strong demand for its memory chips used in computers and smartphones amid tight supply. The company has been selling more memory chips at higher prices as customers look to store data and apps in smartphones and companies shift to […]
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An underlying trend may be insulating the market from a sustainable decline. Based on charts of the S&P 500, Nasdaq and Russell 2000, the Bespoke Investment Group’s Paul Hickey used a technical indicator called the advance/decline line to show market breadth is positive — a sign that supports expectations of higher stock prices. “What you […]
Read moreAt first glance Sami Inkinen, an elite triathlete and co-founder of the real estate company Trulia, and Rita Perkins, a grandmother of eight in central Pennsylvania, have little in common. But they do share one thing: Both have grappled with diabetes. “I thought, This is absolutely nuts,” Inkinen recalled of his diagnosis with prediabetes. “It […]
Read moreAT&T will launch two new unlimited wireless plans next week that will be bundled with a new video streaming service called WatchTV, in the company’s first move to pair entertainment with phone service after closing its $85 billion acquisition of media company Time Warner. The No. 2 U.S. wireless carrier is putting to use Time […]
Read moreEven as technology gets dragged into the growing trade tensions between China and the U.S., stocks in the sector continue to rally to record highs. Earlier this month, President Donald Trump announced plans to slap a 25 percent tariff on up to $50 billion of Chinese goods, including technology related to semiconductors. There is also […]
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