Snap shares could fall below its IPO price in coming weeks, if historical trends hold true. Shares of the Snapchat parent closed Monday 29 cents above the stock’s initial public offering price of $17 a share. The move comes about a month before many insiders who hold shares of the Snapchat parent can begin selling […]
Read moreUBS top analyst Steven Milunovich has pinned Apple success to its sales in China. Optimistic about iPhone 8 sales, Milunovich raised Apple’s price target to $170 and encouraged investors to buy thanks to the iPhone’s estimated 15 percent unit growth in China. A Monday report from UBS models a 30 percent recovery in Chinese iPhone […]
Read moreCostco shares have tumbled over worries the Amazon and Whole Foods Market merger will hurt the retailer’s business. However, one Wall Street firm says it is time to buy the dip. Raymond James raised its rating for Costco shares to outperform from market perform, predicting the retailer’s business will not be “materially impacted” and its […]
Read moreNo one knows what former Uber CEO Travis Kalanick will do next after leaving his company, but he seems to be sitting down for some high-powered lunches. Kalanick was spotted with JPMorgan Chase CEO Jamie Dimon at the Willard Intercontinental Hotel’s Cafe du Parc in Washington D.C. on June 25. Dimon was in town for […]
Read moreApple and Hertz will work together on a fleet of self-driving vehicles, Bloomberg reported on Monday. Hertz shares were up 14 percent after the news. The shares saw a small pop earlier in the day, after Alphabet and Avis announced a similar partnership. Apple was not immediately available to comment on the report. Apple CEO […]
Read moreSocial media giants Facebook, Google‘s YouTube, Twitter and Microsoft said on Monday they were forming a global working group to combine their efforts to remove terrorist content from their platforms. Responding to pressure from governments in Europe and the United States after a spate of militant attacks, the companies said they will share technical solutions […]
Read moreNintendo is doubling down this holiday season. In addition to the red hot Nintendo Switch, the company said Monday it will have a new standalone mini-console on store shelves, this time focused on the Super Nintendo Entertainment System. News of the classic edition instantly set the gaming world ablaze, with users of Reddit and Twitter […]
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Rich Ross, technical analyst at Evercore ISI, is getting bearish on the whole market, but not too bearish, predicting a pullback of 3 percent on the S&P 500 and 5 percent on the NASDAQ-100. The call is based partly on complacency, partly on the time of year, and partly on what he sees are disturbing […]
Read moreArtificial intelligence is being used to improve banking, marketing, the legal field — and now to find which one of the more than 30,000 strains of medical marijuana is best for you. Potbot uses AI to “read” through peer-reviewed medical journals to find studies on cannabinoids, the active compounds in marijuana. Using the research, it […]
Read moreThe most important thing to know about the new $229.99 Echo Show, an Alexa speaker with a screen, is what it doesn’t do. You basically never need to tap the screen for anything, unless you really want to. There is not an “app store” where you hunt around for new things to add to your […]
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