If Thursday’s 200-point drop in the Dow Jones industrial average wasn’t a sign, a 44 percent spike in the widely watched volatility index is a harbinger of more to come, according to Marko Kolanovic, JPMorgan’s high profile quant strategist. Last month, Kolanovic’s warning to clients to hedge against a stock market drop sent ripples through […]
Read moreA team of researchers say they have brought scientists one step closer to safely transplanting organs from pigs into humans. Researchers from a biotechnology startup eGenesis and several universities in China, Denmark and the United States, have used CRISP-Cas9 gene editing techniques to remove diseases that could be transmitted from pigs to humans during tissue […]
Read moreGraphics chipmaker Nvidia saw its stock fall more than 7 percent on Thursday after it reported stronger-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on July 31. The company will discuss the earnings report with financial analysts on a conference call at 5 p.m. Eastern time. EPS: Excluding certain items, […]
Read moreSnap has not snapped back. The social media company reported worse-than-expected quarterly results on Thursday, with a loss that was steeper than expected and revenue that missed estimates, as it added fewer users than Wall Street anticipated. Snap added 7 million daily users during the quarter — a slower rate than the 8 million added […]
Read moreAmazon is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster’s powerful grip on the lucrative ticketing business. Shares of Live Nation were up about 5 percent following the report. Amazon shares were down 2.5% If Amazon moves ahead, it would represent […]
Read moreCitron Research’s Andrew Left tells CNBC’s “Fast Money” he shorted Nvidia ahead of its earnings report tonight, adding “This stock has run way too far, too fast.” Tweet Link The short-seller added he also bought some call options for insurance in case he is incorrect on his bearish view. Nvidia will report fiscal second-quarter results […]
Read moreBenchmark Capital, one of Uber’s earliest investors and largest shareholders, is suing Uber co-founder and ex-CEO Travis Kalanick on claims of fraud, breach of fiduciary duty and breach of contract. It’s an unusual and dramatic move in Silicon Valley to see a venture firm sue one of the executives it backed. Axios previously reported the […]
Read moreIt has long been known the U.S., and California in particular, have been driving forces behind the demand for Tesla Model S and Model X vehicles. What has never been clear is exactly how much of the automaker’s sales come from its home market. Tesla’s policy has been, and still remains, that it doesn’t break […]
Read moreGoogle CEO Sundar Pichai faces an all-hands meeting on Thursday afternoon that could come to define his leadership of the Alphabet unit. Two years into his tenure in the top post and after 13 years of service at Google, Pichai must calm and unite a workforce divided over the firing of former engineer James Damore. […]
Read moreBridgewater Associates founder Ray Dalio said Thursday he is concerned about the financials markets given increasing political risks in Asia and domestically. “Prospective risks are now rising and do not appear appropriately priced in,” Dalio wrote in a LinkedIn blog post. “The emerging risks appear more political than economic, which makes them especially challenging to […]
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