Sometimes, even the best stocks get hit hard by broader market sell-offs, and it’s natural to wonder why, CNBC’s Jim Cramer said. But most of the time, it’s not because of some underlying weakness in the stock that investors didn’t catch. Nowadays, market sell-offs can happen because of index futures rather than actual fundamentals, an […]
Read moreMeg Whitman responds to reports she was gunning for Uber CEO job: 'I actually am not going anywhere'
HPE CEO Meg Whitman on Tuesday gave her clearest comments yet on her commitment to the company following reports that she was in the running to be the next CEO of taxi company Uber. On the company’s quarterly earnings call with financial analysts on Tuesday, Whitman indicated that she isn’t planning to leave anytime soon. […]
Read moreApple’s next iPhone cycle is expected to be one of the biggest yet — but that doesn’t necessarily mean the stock will keep soaring, according to one of the company’s most well-known followers. There could be a 10 percent pullback in Apple shares in the next one to three months, Gene Munster told CNBC’s “Power […]
Read moreHPE stock rose by about 4 percent on Tuesday after the enterprise software and hardware maker disclosed better-than-expected earnings for the third quarter of its 2017 fiscal year, which ended on July 31. The company will hold a conference call with financial analysts at 5 p.m. Eastern time. EPS: Excluding certain items, 30 cents in […]
Read moreThe investing and philanthropic arm of Laurene Powell Jobs is purchasing what is believed to be its first-ever political ads on TV, according to advertising placement records seen by Recode. Emerson Collective, Powell Jobs’s vehicle for activism and investments, will begin a flight of spots on Wednesday in the television markets of Denver, Colo.; Louisville, […]
Read moreMicrosoft responded strongly to the Trump administration’s decision on Tuesday to move toward rescinding or replacing DACA within six months. “There is nothing that we will be pushing on more strongly for congress to act on,” Microsoft president and chief legal officer Brad Smith said in an interview with NPR. “We put a stake in […]
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We teased this a bit in a preview video recently, but augmented reality is going to play a huge role in iOS 11. It’ll let you overlay digital objects on top of the real world. Imagine watching a rocket land in your back yard with your kids, for example, viewing the whole event through your […]
Read moreFacebook’s WhatsApp unit will eventually start charging companies to contact their users as the company seeks to make money from its chat product, the Wall Street Journal reported on Tuesday. WhatsApp’s free business tools are currently being tested by companies in Brazil, Europe, India and Indonesia, the Journal said, adding that KLM Royal Dutch Airlines […]
Read moreLONDON — As interest in flying cars continues to swell, one of the most prominent start-ups working on the technology has gained a big new backer. Lilium Aviation, a German company that held a successful test flight of the Eagle, its two-seat electric jet at their Munich base this year, announced on Tuesday that it […]
Read moreAlibaba, a pioneer of Chinese e-commerce, is reportedly embarking on its first brick-and-mortar mall. The five-floor center, to be called “More Mall,” is being built near Alibaba’s headquarters in the eastern Chinese city of Hangzhou, according to Caixin, a Beijing-based financial news group. Caixin first reported on the news Tuesday morning. A representative from Alibaba […]
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