Advanced Micro Devices has been on a tear this year, but options traders are betting the rally is about to cool off. Shares of AMD were ripping higher Friday afternoon, jumping more than 2 percent, and now up more than 45 percent year to date. However, “Options Action” trader Mike Khouw notes bearish activity in […]

Deep in a tangle of planning bureaucracies in western Beijing, the future of a country nearly 3,000km away is under discussion. Xie Qiuye, president of China’s Electric Power Planning & Engineering Institute, has been charged with developing an electricity plan for Laos, a nation struggling with a glut of electricity supply from Chinese-built dams on […]

Verizon‘s pick of Hans Vestberg as its next CEO shows that the top U.S. wireless carrier by subscribers is focusing on developing 5G instead of spending big on content like its rival AT&T — and it’s banking on an outsider to do it. Vestberg, the company’s chief technology officer, will succeed Lowell McAdam, who has […]

Instagram is gunning for YouTube with a plan to allow longer-form video, according to the owner of an influencer network whose clients have talked with the Facebook-owned company, as well as numerous media reports. Allowing long video could help Instagram court social media stars and their millions of fans to use its platform as their […]

An anti-Facebook group is trolling Sheryl Sandberg the day of her MIT commencement speech Friday with a full-page ad in the student newspaper calling for a breakup of the tech giant. The ad, purchased by the organization Freedom From Facebook, calls for signatures for a petition asking the Federal Trade Commission to take action. It […]

CNBC’s Jim Cramer said he’s skeptical of any discouraging reports surrounding Apple‘s iPhones or its suppliers because the articles have been proven wrong many times in the past. Cramer spoke on Friday as Apple’s stock was losing more than 1 percent after the tech giant, according to Japan’s Nikkei news service, told its supply chain […]

Do you use the same password for multiple accounts? Have you ever lost a phone or laptop? Do you skip installing malware or antivirus software? If you do, you have poor “cyber hygiene” — the steps you should take to maintain device health and improve online security. It also could make you a target for […]

A bullish call from a Wall Street analyst capped off a rough week for Tesla short sellers, with Nomura Instinet advising clients that the electric carmaker’s shares could rally 42 percent over the next year. The stock rose 1.7 percent Friday and is now up 10 percent on the week. One of the most shorted […]

Ant Financial, a subsidiary of Jack Ma’s e-commerce giant Alibaba, is using some of the $14 billion treasure chest it just raised to invest in blockchain. Ant Financial owns and operates China’s largest online and mobile payments network Alipay. The company was carved out from Alibaba Group seven years ago, and is now worth a […]

So ubiquitous in China are pedestrians glued to their cellphones, they have earned a nickname: the heads-down tribe. In their natural habitat, tribe members can be seen texting, watching videos and conducting financial transactions, all while dodging cars, tripping in potholes and jamming up subway station entrances. The World Health Organization calls such behavior “distracted […]