There’s something in the charts that has renewed Todd Gordon’s faith in Apple. Just over a week ago, the founder of TradingAnalysis.com believed that Apple’s rally had temporarily stalled. But the stock’s performance after the tech giant reported earnings Aug. 1, when the shares hit a new all-time high, has the trader back on the […]
Read moreOnline sports merchandise retailer Fanatics is the latest company to get a cash infusion from SoftBank, a source close to the matter told CNBC. SoftBank and Fanatics are close to sealing a $1 billion deal, raising Fanatics’ valuation to $4.5 billion. The Wall Street Journal previously reported the news. The NFL also invested about $95 […]
Read moreInvestors seem to be showing interest in Tesla’s upcoming debt offering, reported Bloomberg. The electric car maker’s record level of cash burn so far does not seem to be scaring off bond buyers — after a meeting with them on Monday, CEO Elon Musk had orders for just over a third of the $1.5 billion […]
Read moreNetflix is down big after hours following Disney’s announcement that it will pull its library of content from Netflix. Disney said it will launch its own streaming service in 2019 and will also launch a separate dedicated streaming service for ESPN content as early as next year. Disney CEO Bob Iger said that the new […]
Read moreDisney wants to own a bigger piece of the streaming pie. The company announced during its latest earnings report on Tuesday it intends to pull all its movies from Netflix. Instead, Disney plans to launch a branded direct-to-consumer streaming service in 2019 starting in the U.S. and expanding globally. CEO Bob Iger told CNBC’s Julia […]
Read moreOne corner of the Treasury market is worried the U.S. government could default this fall, even though many strategists believe Congress will raise the debt ceiling just in time. The Treasury bill that comes due in October has been selling off, and is currently yielding more than the bills that mature in September and November, […]
Read moreFoursquare just launched a major update to Swarm, its app that lets you check into locations. If you remember Foursquare from the early days but haven’t used it in ages, you should know that in 2014 the company split its business into two apps, and the “new” Foursquare app is for checking business listings, similar […]
Read moreIf you want to get the upcoming iPhone 8, you’ll probably need to buy it the second it goes on sale. According to KGI Securities analyst Ming-Chi Kuo, who has been following the iPhone 8 in the supply chain all year, the phone will be unveiled and will launch at the same time as Apple‘s […]
Read moreEmbattled pharmaceutical entrepreneur Martin Shkreli may be fresh off a high-profile legal battle — but he’s also the CEO of a new start-up that is looking to beta-test technology for legal research, pharmaceutical research and finance, according to a website that appears to have been updated recently. The website, www.godel.systems, said “Coming Soon,” as of […]
Read moreAn internal memo written by a male Google engineer has reignited a heated debate about representation in Silicon Valley. Google’s new diversity VP has since come out against the memo’s central claims — which include statements about women being biologically unsuited to engineering jobs — but the debate still rages on. Here’s a look at […]
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