Tax software company Avalara skyrocketed more than 50 percent on its opening day of trading Friday. Shares opened at $35 after pricing at $24 in the company’s $180 million IPO on Thursday. It’s another successful cloud software IPO for the tech sector. Zuora and Ceridian each jumped roughly 40 percent on their opening days in […]
Read moreAT&T will be launching a “very, very skinny bundle” of television programming free to its mobile customers, Chairman and CEO Randall Stephenson told CNBC on Friday, a day after the company closed its $85.4 billion purchase of Time Warner. “We will be launching, and you’re going to hear more about this next week, a product […]
Read moreCowen is more optimistic on AMD gains in the cloud computing market after a presentation from a key company executive. The firm raised its price target for AMD shares to $21 from $18, predicting the chipmaker will report better than expected profits in 2020. “Along with recent announcements of new server deals with Cisco/Tencent and […]
Read moreIt’s been a rough few weeks for investors betting against Tesla, one of the most-shortedstocks in the United States. Tesla stock has rallied almost 17 percent since the company’s early June annual shareholder meeting at which Chairman and CEO Elon Musk promised profitability in the third quarter. Shares kept trending higher this week, rising slightly […]
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Shares of chipmaker NXP on wild ride amid conflicting reports about Chinese approval of Qualcomm bid
Shares of NXP Semiconductors rose in extended trading Friday amid conflicting reports about whether Chinese regulators have approved Qualcomm‘s proposal to acquire the smaller chipmaker. NXP shares spiked more than 10 percent in after-hours trading Thursday following reports from South China Morning Post and Bloomberg, both citing sources, that China’s Ministry of Commerce approved the […]
Read moreCedric Meury, a software engineer living from Switzerland, has long been curious about his health. So he ordered a DNA test in May from a bio-tech start-up with operations in the U.S. and Europe run by a former Amazon product manager. But when Dante Labs‘ kit arrived in the mail, a few things seemed off. […]
Read moreU.S. prosecutors have charged six current and former employees of San Francisco-based Fitbit, Inc. with possessing trade secrets stolen from rival company Jawbone. An indictment filed Thursday in federal court in Northern California says the employees received the stolen trade secrets after leaving Jawbone and knew they were not supposed to have them. Both companies […]
Read moreThe entire entertainment sector is readjusting after AT&T got legal clearance to buy Time Warner and Comcast topped Disney’s bid for a key portion of Twenty-First Century Fox’s assets, CNBC’s Jim Cramer said Thursday. “The industry finally got a two-part catalyst: a federal judge who wants old media to have the firepower to compete with […]
Read moreWhile Shantanu Narayen doesn’t see his company, Adobe Systems, as a monopoly despite some Wall Street criticism, he does want it to offer the only true “end-to-end solution” for digital creators, the chairman and CEO told CNBC on Thursday. “I think creativity will continue to be this incredible opportunity for us,” he said in an […]
Read moreA year after Amazon‘s $13.7 billion purchase of Whole Foods, the organic grocer’s outspoken CEO, John Mackey, remains at the helm. But Amazon isn’t leaving Mackey, who co-founded Whole Foods in 1980, in control of the integration or the future of the business. According to an organization chart viewed by CNBC, Mackey is working alongside […]
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