Intel on Monday said that its processors are inside of Alphabet’s Waymo self-driving cars. The deal dates to 2009, since the inception of Google’s car program. Intel stock rose slightly after announcing the news in a blog post. The deal is fascinating on a few fronts. For one, it shows Intel has a household name […]
Read moreWall Street analyst Mark Mahaney suggests that Netflix is on track to leverage its strong hold in the United States and continue to notch “material” penetration in international markets. “Netflix has achieved a level of sustainable scale, growth, and profitability that isn’t currently reflected in its stock price,” wrote RBC Capital Markets analyst Mahaney in […]
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THE value of credit-card points has long been a topic of debate among business travellers. The subject is also picked over online on an impressive number of dedicated blogs and forums. Now it is getting an airing in a different sort of venue: the corruption trial of an American senator. Robert Menendez, a Democratic senator […]
Read moreMicrosoft CEO Satya Nadella could have gone down a very different career path. Nadella has spent almost his entire career working up the ranks at Microsoft. But at one point, Amazon CEO Jeff Bezos tried to get him to jump ship, according to a profile of Nadella in Fast Company. “Early on, Jeff Bezos was […]
Read moreApple’s smartwatch and iPhone announcements last week set off a wave of excitement among consumers and investors. But they also highlighted a harsh reality for start-ups — it’s nearly impossible to compete with big brands in consumer electronics. Those following in the footsteps of DJ, GoPro, Fitbit or Keurig are now finding it hard to […]
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There are features in the iPhone X I’ll probably miss. The display stretches across the entire screen and is supposed to be brighter and clearer than current iPhone screens. This is probably the one reason I’ll regret my decision, since I love big screens and don’t like a big phone hogging space in my pocket. […]
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McDonald’s just had its worst week of the year, and a top technician says the charts point to more pain ahead. The fast-food giant is one of the best-performing Dow stocks this year — soaring nearly 30 percent. Despite the strong performance this year, McDonald’s has now fallen more than 2 percent from its recent […]
Read moreAmerican internet giants “should pay their fair share of tax” — and likely will under a new EU system, according to Pierre Moscovici, EU Commissioner for Economic and Financial Affairs, Taxation and Customs. “We must tax those companies as we do the so-called classical economy,” Moscovici told CNBC’s “Squawk on the Street” Monday. The Commission […]
Read moreBillionaire tech entrepreneur Elon Musk is the CEO of electric car company Tesla, the CEO of aerospace company SpaceX, a co-founder of the non-profit Open AI, he’s launching a tunneling company called The Boring Company and is starting a company aimed at connecting the human brain with computing power called Neuralink. And though he is […]
Read moreThe mining equipment market will grow next year boosting Caterpillar’s business, according to one Wall Street firm. UBS raised its rating for Caterpillar shares to buy from neutral, citing positive results from the firm’s survey of the industry’s spending plans. The stock rose 2 percent to a record high after the UBS report. We upgrade […]
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