Facebook has shared some details about the Russian-operated profiles it discovered on its platform with Google, as the search giant — with the rest of the tech industry — continues to probe the extent to which Kremlin-backed misinformation spread through their websites during the 2016 U.S. presidential election. It is unclear if Google has found […]
Read more
Roku’s startling first day surge made it the best-performing IPO this year, but the good times for the company’s shareholders may not last, according to a fund manager and top technology analysts. Its stock jumped 68 percent on Thursday, its first day of trading as a public company. The streaming media player maker’s stock soared […]
Read moreSeptember saw the reflation trade come roaring back, and it’s likely to have legs in the fourth quarter. By “reflation” I mean expansion, as in expanding economies, not necessarily inflation. Bulls are betting that the combination of slow but persistent global growth and prospects for tax cuts in the U.S. will keep the markets at […]
Read more
Swiss start-up Magnes Sports also claims a first when it comes to sport-specific wearables. George Chatzipirpiridis, Magnes Sports’ chief technology officer, said that his company’s device is the first wearable to measure power generated by the cyclist. “Many cycling enthusiasts own several bikes — some of these have power meters attached to them. We are […]
Read moreNine years ago, SpaceX almost went bankrupt. Billionaire tech entrepreneur Elon Musk recalled the event as he unveiled his updated Mars-voyage plan at the International Astronautical Congress (IAC) conference in Adelaide, Australia, on Thursday. He opened up about when and how his now adored and very valuable (it was recently valued at around $21 billion) […]
Read moreBoeing is enjoying an impressive winning streak. The company’s shares just logged their sixth consecutive quarter of gains, and have risen in 11 of the last 13 months. The stock is on pace to close out this quarter as the Dow’s best performer, wrapping up its best quarter since 2009. And the aircraft manufacturer has […]
Read moreA lawyer for Equifax told the U.S. House of Representatives that the company’s board of directors has formed a special committee to review stock trades made by executives after a data breach. Three senior executives including the company’s chief financial officer sold $1.8 million in shares three days after the company said it learned of […]
Read moreElon Musk wants to take people around the world in a matter of minutes. The SpaceX CEO outlined his plans for a “BFR,” during a presentation at the International Astronautical Congress in Australia on Friday. Musk says the rocket will ultimately replace all of SpaceX’s other crafts, including the Falcon 9, the yet-to-be-launched Falcon Heavy, […]
Read moreBiotech stocks fell Friday, a day after the U.S. Food and Drug Administration made its database of side effects for medicines searchable. Sarepta Therapeutics, Ionis Pharmaceuticals, Biogen and Acadia Pharmaceuticals all traded lower Friday morning as investors turned up reports on their medicines on the FDA’s Adverse Events Reporting System. The problem? It’s not clear […]
Read moreThe pressure big U.S. tech companies are now starting to feel might be just the beginning. “The gross idolatry, or mother-of-all hall passes that big tech has received from government and from regulators is coming to an end,” NYU Stern School of Business professor Scott Galloway told CNBC’s “Squawk Alley” Friday. Members of Congress said […]
Read more