The “operational limitations” of Tesla’s Autopilot system played “major role” in 2016 crash, said the National Transportation Safety Board on Tuesday. NTSB investigators met to determine the cause of a fatal crash involving a Tesla on Autopilot in May of 2016. The Board had previously determined the crash was not the result of a defect […]
Read moreHedge fund king Ray Dalio said it would be “terrible” if Gary Cohn would leave the White House and could upset markets. Speculation about Cohn’s future has been rampant since he apparently has fallen out of favor with President Donald Trump. Cohn, the former chief operating officer at Goldman Sachs, is Trump’s top economic advisor […]
Read moreThere are four big reasons to be bullish on electric vehicles, according to Bernstein. Government support, improving cost economics, technological development, and increasing acceptance of the powertrain by both customers and automakers all suggest the market is nearing an inflection point with the technology, said Bernstein analyst Toni Sacconaghi in a note sent Tuesday. Right […]
Read moreApple will invite outsiders to its new campus — named Apple Park — for the first time on Tuesday as it unveils the new iPhone inside the Steve Jobs theater, pictured below. Apple Park, or the Spaceship Campus as it has been referred to by onlookers, is a massive circular campus that opened in April […]
Read moreA slew of chip stocks are likely headed for gains after Apple’s product launch Tuesday in Cupertino, JPMorgan predicts. With many investors expecting significant developments in the next generation of iPhone, JPMorgan released a report listing some of the companies likely to see shares jump, including Apple’s rising chip technology partner, Broadcom. “As we have […]
Read moreBillionaire hedge fund manager Leon Cooperman recommended First Data, Shire, United Continental Holdings, Hess and WPX Energy at the Delivering Alpha conference presented by CNBC and Institutional Investor in New York Tuesday. On First Data: “Stock is very cheap.” On Shire: “Investors have overly discounted concerns and ignored positive data.” On United Continental: “The airline’s […]
Read moreAT&T Unlimited Choice customers can now get a subscription to HBO as part of their plan. The company announced on Tuesday on a blog post its Unlimited Choice customers would get access to the premium cable and satellite network. The subscription — which costs $60 a month, with additional discounts for people who have multiple […]
Read moreThe “Fast Money” traders shared their first moves as the market opens. Pete Najarian was a buyer of Snap. Tim Seymour was a buyer of Qualcomm. Dan Nathan was a buyer of Intel. Guy Adami was a buyer of Citigroup. Trader disclosure: On September 11, 2017 , the following stocks and commodities mentioned or intended […]
Read moreTreasury Secretary Steven Mnuchin on Tuesday said the stock market has surged on expectations President Donald Trump’s administration and Congress will pass tax reform. The S&P 500 has rallied more than 16% percent since the Nov. 8 election through Monday, adding more than $2 trillion in market value to the benchmark, according to S&P. “There […]
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HERE is the deal. You can buy an entry in a computer ledger issued by a startup company on the basis of an unregulated prospectus. It is called an “initial coin offering” or ICO. But though the ledger entry is called a coin, you cannot spend it in any shop. And whereas the use of […]
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