CNBC’s Jim Cramer is convinced that analysts who weren’t thrilled about Apple’s new iPhone release are missing something, and it may have something to do with age. “I think one of the reasons why there was so little ‘Wow, got to have it’ about the new iPhone, at least among the analyst community, is that […]
Read moreAs the Dow Jones average closed at a record high on Thursday, CNBC’s Jim Cramer saw a forgotten sector getting a bit of unexpected love. “This market’s rotating into what’s been left behind of late. That’s healthy. Hey, you know what? It’s health care. That’s right, health care’s catching up. How can you spot these […]
Read moreIf rates continue to rise, the real estate sector could see pain ahead as rising yields may hit names in the sector often seen as fixed income proxies. As yields bounce meaningfully from their recent 2017 lows, many noted the decline in utilities stocks, which also sport high yields and thus are seen as a […]
Read moreWant to market Nazi memorabilia, or recruit marchers for a far-right rally? Facebook’s self-service ad-buying platform had the right audience for you. Until this week, when we asked Facebook about it, the world’s largest social network enabled advertisers to direct their pitches to the news feeds of almost 2,300 people who expressed interest in the […]
Read moreThe Street is buzzing with speculation over what company may be the target for Social Capital Hedosophia, which raised $600 million in an IPO today at the NYSE. Social Capital is a special purpose acquisition company (SPAC), set up to invest in technology companies that are not yet public. SPACs are based on a simple […]
Read moreThe Wisconsin Assembly sent a $3 billion incentive package for Taiwan-based Foxconn to Gov. Scott Walker on Thursday, signing off on a deal to lure the electronics giant to the state with the biggest subsidy to a foreign company in U.S. history. The bill approved on a bipartisan 64-31 vote would make $2.85 billion available […]
Read moreThe outcome of the House investigation into the Equifax data breach “may” result in more regulations, the chair of the House Energy and Commerce Committee told CNBC on Thursday. Equifax CEO Richard Smith is expected to testify before the committee at an Oct. 3 hearing. The massive breach could impact up to 143 million Americans. […]
Read moreFor more than a decade the Cassini spacecraft has orbited the planet Saturn and visited its moons. And on Friday, Sept. 15, it will plunge into Saturn’s atmosphere and completely disintegrate. Its demise will be the end of a space mission that has yielded an unprecedented amount of knowledge about a mysterious planet. And it […]
Read moreOracle stock rose by nearly 2 percent in extended trading Thursday after the company reported stronger-than-expected earnings for the first quarter of its 2018 fiscal year, which ended on August 31. The company will hold a conference call to discuss the results with financial analysts at 5 p.m. Eastern time. EPS: Excluding certain items, 62 […]
Read moreTesla shares jumped nearly 3 percent Thursday, hours after CEO Elon Musk said the company will unveil an electric semi truck in late October. Shares of the electric car maker traded just above $375 Thursday afternoon. Musk announced Wednesday that the company’s “unreal” semi truck was tentatively set to be unveiled in October. Elon Musk […]
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