Morgan Stanley’s internet analyst expects Twitter shares to lose half their value due to lack of spending from advertisers. On Thursday, a team led by equity analyst Brian Nowak maintained a price target of $10 a share on the social media stock, down 50 percent from Twitter’s close at $20.12 Wednesday. The shares are up […]
Read moreMicrosoft will release its earnings results for the fourth quarter of its 2017 fiscal year, which ended on June 30, after markets close on Thursday. The company’s call with financial analysts begins at 5:30 p.m. Eastern time. EPS: Excluding certain items, analysts expect 71 cents in earnings per share, according to Thomson Reuters. Revenue: Analysts […]
Read moreIt wasn’t long after Elon Musk tweeted he had “verbal government approval” to build an underground Hyperloop from New York City to Washington, D.C. that questions started swirling. Who signed off on the plan? Where will the tunnels be located? Who will pay for it? Just as important is the question of how much will […]
Read moreAmazon has landed another big health-tech hire, this time from Box. Missy Krasner, vice president and managing director of Box’s healthcare and life sciences group, is headed to the e-commerce company, according to two sources familiar with the matter. The sources, who asked not to be named because the hire hasn’t been announced, didn’t know […]
Read moreWall Street analysts have spent the last three months cutting their 2017 profit forecasts for Facebook. But you wouldn’t know it by looking at a chart of Facebook shares, which are up roughly 40 percent year-to-date, as the company prepares to release second-quarter results next Wednesday. Just ahead of its much-anticipated financial report and conference […]
Read moreQualcomm shares slid Thursday despite the company reporting better-than-expected earnings the day before — and a top semiconductor analyst said there is little to no incentive for investors to buy the stock. “At best I think it’s probably dead money,” Bernstein analyst Stacy Rasgon told CNBC on Thursday. Rasgon said the company’s biggest problem is […]
Read moreShares of Israel-based Check Point Software fell throughout the day Thursday despite a solid earnings report for the second quarter. The shares of the cybersecurity software company were 7.8 percent during afternoon trading in New York. The main reason for the plunge is that guidance for the current quarter is not what Wall Street analysts […]
Read moreBitcoin jumped Thursday to its highest price in almost four weeks as digital currency developers appeared to come closer to an agreement that would prevent a split in the cryptocurrency. Bitcoin rose more than 15 percent, to $2,675.67, its highest level since June 25, according to CoinDesk. As of 1:33 p.m., ET, the digital currency […]
Read moreBillionaire investor Mario Gabelli told CNBC on Thursday he isn’t worried about home retail stocks tanking after the announced Sears–Amazon deal. Shares of Home Depot, Lowe’s and Whirlpool were all falling on Thursday after Sears announced plans to sell Kenmore-branded appliances on Amazon.com. Kenmore Smart appliances will also be compatible with Amazon’s Alexa platform. Shares […]
Read moreMention Elon Musk and let the superlatives fly. But former Twitter CEO Dick Costolo just brought praising Musk — the billionaire entrepreneur behind electric cars and solar power solutions, space travel, and ambitions of digging transportation tunnels under cities — to a whole new level. “Elon may be proof that time travel exists, because he […]
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