President Donald Trump said he was “sorry” about an incident where Turkish security personnel attacked protesters in Washington D.C., according to an account from Turkish President Recep Tayyip Erdogan. In an interview with PBS NewsHour released Tuesday, the Turkish head of state said Trump expressed regret about the matter during a phone conversation. “President Trump […]
Read moreU.S. stocks edged slightly higher and the dollar slid as the U.S. Federal Reserve began its two-day meeting Tuesday. The Fed is expected to keep interest rates steady when it announces its rates decision Wednesday U.S. time. Investors, however, awaited details on how the central bank will unwind its $4.5 trillion balance sheet. Also in […]
Read more
Global asset prices are “possibly the most elevated” in history, Deutsche Bank strategists said in a sweeping new report about the frequency of financial crises and shocks throughout history. This kind of “gross overvaluation in both equities and bonds” is of particular concern right now to Boris Schlossberg, managing director of foreign exchange strategy at […]
Read moreThe reviews for one of Apple’s new iPhones, the iPhone 8, are in — and they’re pretty lukewarm. But like a baseball team, Apple might still be able to win by “manufacturing runs,” Gene Munster said. “Our estimates are that the number of active iPhones that are three years old or older is now entering […]
Read moreTwitter has added another longtime Google executive to its board of directors: Patrick Pichette, who served as Google’s CFO from 2008 until summer of 2015. Pichette will replace Hugh Johnston, the CFO of Pepsi, who joined Twitter’s board just a little over one year ago. According to a Twitter press release, Johnston has taken a […]
Read moreAmazon expanded its partnership with Kohl’s on Tuesday with the launch of a new service that lets Amazon.com customers return their purchases through select Kohl’s stores in the U.S. The partnership is the latest in Amazon’s retail expansion efforts. The e-commerce company has been aggressively growing its physical presence in recent years, which now spans […]
Read moreWe are constantly bombarded with stimuli fighting for our attention. So it’s not surprising that traditional media is feeling the incursion of the new media for that attention. In the last 10 years, Fox’s broadcast ratings are down 50% from an average 4.0 rating for its prime-time shows to 2.0 last year. They’re not alone. […]
Read moreEarlier this month, my friend and industry colleague Rob Coppedge wrote a thoughtful post on the death of digital health, a space associated with too much hype and too little substance. We agree that health care is really broken. It bankrupts our families, exhausts government discretionary spending, and leaves American industry at a global disadvantage. […]
Read moreTwo of Apple’s latest iPhones, the iPhone 8 and iPhone 8 Plus, hit stores this week, and many technology journalists have already posted their reviews ahead of the release. Apple’s new software also rolled out on Tuesday. TechCrunch editor-in-chief Matthew Panzarino had some fun with Udacity co-founder Sebastian Thrun, testing out the new camera features […]
Read moreJPMorgan shared with its clients the firm’s best software stock picks with the biggest profit margin expansion potential. The firm cited how the average software stock in its coverage universe is up around 30 percent this year compared to the S&P 500’s 12 percent return. “Current valuations in our space tell us we either need […]
Read more