One day in the not-so-distant future, going to the grocery store to buy food will be as novel as going to the record store to buy vinyl albums. Your refrigerator will monitor what food you have in the house and, based on a budget you give the computer, it will put together a shopping list […]
Read more
The long-running bull market could be on its last legs, says PNC’s Bill Stone. “I want people to get a little careful because we’ve gone so much longer than normal without even a 5 percent pullback,” Stone said Tuesday on CNBC’s “Futures Now.” According to the global chief investment strategist at PNC Asset Management, the […]
Read moreThe market isn’t moving on the turmoil from President Donald Trump‘s comments about the deadly violence in Charlottesville. Virginia, because it “divorced” him, CNBC’s Jim Cramer said Wednesday. “The market is completely divorced from whatever is going on,” Cramer said on “Squawk on the Street.” “Because I think the market just says, ‘Listen, we’re not […]
Read moreSnap shares have tumbled since its March initial public offering. One Wall Street firm believes there will be no turnaround for the social media firm’s stock anytime soon. SunTrust Robinson Humphrey on Tuesday initiated coverage for Snap shares with a sell rating, citing the competitive threat of its larger rivals copying its innovations. Snap’s “challenges […]
Read moreEssential, a new phone brand by Android creator Andy Rubin, will begin shipping phones within 7 days, 9to5Google reports. The technology blog obtained emails sent to customers that pre-ordered the phones, indicating the shipping date. According to 9to5Google, the shipment will only include phones with a black finish (it also comes in at least one […]
Read moreBillionaire entrepreneur Richard Branson is the latest in a string of iconic businessmen to talk about cash handouts, or universal basic income, as a solution to jobs being replaced by technology. “With the acceleration of [artificial intelligence] and other new technology … the world is changing fast,” Branson writes in a post published this week. […]
Read moreThe “Fast Money” traders shared their moves for the first hours of the trading day. Pete Najarian was a buyer of Boeing. Brian Kelly was a buyer of TJX Companies. Dan Nathan was a seller of Wal-Mart. Guy Adami was a buyer of Las Vegas Sands. Trader disclosure: On August 15, 2017, the following stocks […]
Read moreAn unaired episode of Game of Thrones has appeared on the internet this morning. Episode six, due to be aired on Sunday, appeared first on file sharing sites and a Reddit post. Reddit users spotted that the episode was accidentally aired by HBO Nordic in Spain for an hour before it was removed. The episode […]
Read moreGoldman Sachs added Biogen to its Americas Conviction List, highlighting the biotech’s lead pipeline Alzheimer’s drug as possibly one of the first to successfully prevent or slow the progression of the disease. “Biogen has a broad Alzheimer’s disease portfolio, which, if successful, would allow it to access a greenfield, blockbuster market opportunity,” wrote Goldman analyst […]
Read moreCurrency, United States Finance
Google’s spacecraft challenge offers finalists an extra $4.75m as it extends mission deadline
Google Lunar XPRIZE, the space exploration competition sponsored by Google, is offering additional prize money to finalists who can complete two in-space missions as it extends program’s deadline to 2018. Entrants whose space crafts can complete one orbit around the moon or enter a direct descent towards it, can secure $1.75 million, while those that […]
Read more