Samsung Electronics on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June. The world’s biggest maker of memory chips, smartphones and television sets is widely expected to be on track to break profit records for the full year. […]
Read moreU.S. media company Discovery Communications in the lead to acquire U.S. cable TV network owner Scripps Network Interactive, people familiar with the matter said on Wednesday. Discovery has entered into exclusive talks with Scripps after prevailing over a rival offer from Viacom, another U.S. media company, one of the sources said. While a deal could […]
Read moreJust when Jim Cramer expects the transports to be rallying, they roll over, raising concerns about weakness in one of the market’s most important sectors. “I can’t do enough to stress just how important this sector is to any rally. Transports equal commerce,” the “Mad Money” host said. But one of the transport stocks could […]
Read moreIt’s that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed: Charles Schwab: “I want you to keep [your position]. Look, we’re in a bull market and rates are going up and that is really good for Schwab. Period, end of story.” […]
Read moreFacebook CEO Mark Zuckerberg wants the company to accelerate efforts to make money off its messaging products — and on the company’s Q2 earnings call, he shared a roadmap of how it can do it. “We just started putting ads on Messenger,” Zuckerberg told analysts on a conference call. “I want to see us move […]
Read moreFollowing Citigroup’s first investor day since the 2008 recession, CEO Michael Corbat said his bank has been primarily focused on positioning itself to take advantage of a changing industry. “We’ve repaired a lot of relationships,” Corbat told “Mad Money” host Jim Cramer on Wednesday. “From a credit perspective, from an earnings perspective, from a business […]
Read moreFive recent upside surprises from formerly struggling stocks made Jim Cramer more open to the idea that maybe old dogs can, indeed, learn new tricks. “Every day in this market it seems like some old-line company surprises us with good news, causing investors to buy their stocks hand over fist. The resuscitation of these falling […]
Read moreChinese technology company Foxconn will invest $10 billion to create a state-of-the-art manufacturing facility in Wisconsin, chairman Terry Gou said. Foxconn said the deal will create 3,000 jobs. Wisconsin Gov. Scott Walker said the agreement could eventually grow to 13,000 jobs, with 22,000 indirect and induced jobs and 10,000 construction jobs. Walker said it could […]
Read moreAmazon has started a secret skunkworks lab dedicated to opportunities in health care, including new areas such as electronic medical records and telemedicine. Amazon has dubbed this stealth team 1492, which appears to be a reference to the year Columbus first landed in the Americas. The stealth team, which is headquartered in Seattle, is focused […]
Read moreHoward Marks, one of the most respected value investors out there, starkly warned his clients to avoid high-flying digital currencies. “In my view, digital currencies are nothing but an unfounded fad (or perhaps even a pyramid scheme), based on a willingness to ascribe value to something that has little or none beyond what people will […]
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