After a high-profile stumble with the Wii U, Nintendo is quickly regaining some of its glory with the Nintendo Switch. The Kyoto, Japan-based company sold 1.97 million of the new hybrid home/portable consoles in its fiscal second quarter (the three month period ended in June), bringing total life-to-date sales to 4.7 million units. The company […]
Read moreThe market will surge this year on tax reform, Wharton School finance professor Jeremy Siegel told CNBC on Wednesday. “If we get tax reform on the corporate side, which I still believe is an odds-on proposition this year … If we can get the corporate rate down to 20 percent, you can easily see another […]
Read moreThink you know the ins and outs of Australian English? Amazon is hiring. “Amazon is seeking a linguist with an Australian background to join our data team,” reads a job description on its website. The job will involve transcribing, as well as annotating speech and language data, and it is one of several openings for […]
Read moreConsider the Federal Reserve the Starship Enterprise of monetary policy: It went where no central bank had gone before, and now must plot the journey home. The Fed already has begun one leg of the trip, as it has started raising interest rates from financial crisis-era lows. Now, it is preparing to embark on what […]
Read moreFacebook shares have surged nearly 44 percent this year, but some traders appear to be pumping the brakes on the stock ahead of earnings Wednesday afternoon. “Over the past five days, Facebook has been the second-most-active single stock option that’s being traded [in the options market],” Mike Khouw of Optimize Advisors said Tuesday on CNBC’s […]
Read moreSteve Cohen is planning to launch a $20 billion hedge fund — and many institutional investors are planning to steer clear of it. Cohen has been managing his own fortune at Point72 Asset Management, the family office he created in 2014 after his hedge fund firm, SAC Capital Advisors, pleaded guilty to insider-trading charges in […]
Read moreA Russian man suspected of laundering at least $4 billion of criminal funds by switching them into the digital currency bitcoin has been arrested in Greece, police said on Wednesday. Police sources identified the individual as Alexander Vinnik, 38. After a tip-off, he was arrested in a small beachside village in northern Greece, on a […]
Read moreAmgen shares fell more than 2 percent in trading Wednesday, after the biotech’s second-quarter earnings report revealed profits may slow down in the future. Despite beating Wall Street’s expectations, the second-quarter earnings report showed the company’s growth is slowing and a buildup in inventories – rather than an increase in prescriptions – contributed to recent […]
Read moreMicrosoft on Wednesday is challenging Google’s cloud computing business with a trendy new kind of cloud computing service that Google specializes in — along with a super-cheap payment model that will be perfect for cutting-edge experimental uses. The Azure Container Instances tool will provide access to a container — a virtual slice on a physical […]
Read moreAmazon has some job openings. Lots of them. The company said Wednesday that it’s looking to fill more than 50,000 positions across the U.S. It’s planning to make thousands of offers on the spot on Aug. 2, when it opens the doors to potential hires at 10 Amazon.com shipping sites. There will be more than […]
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