Despite posting 21 quarters of year-over-year revenue declines, IBM is always looking for “profit pools” in enterprise technology, Martin Schroeter, IBM’s senior vice president and chief financial officer, told CNBC’s “Closing Bell” on Tuesday. Big Blue reported earnings after the bell, posting mixed second quarter results, as earnings per share exceeded expectations but revenues fell […]
Read moreThe co-founder and former CEO of the organization behind ethereum is worried about the surge of interest in developing new digital currencies, according to a Bloomberg report Tuesday. The key reason is a jump in token sales, or initial coin offerings, that have raised about $600 million in the last month alone, according to a […]
Read moreAswath Damodaran predicts digital currencies will eventually be as important as the major paper currencies. He said cryptocurrencies have already replaced gold for younger investors. CNBC’s Mike Santoli spoke with Damodaran in an exclusive interview for CNBC PRO. Santoli asked the valuation expert about bitcoin and other cryptocurrencies. “All currency is … based on trust. […]
Read moreAn unflattering profile piece this weekend in Barron’s has generated some online discussion, and the portfolio manager himself published a response. “I just felt the whole thing was kind of bizarre,” Eddy Elfenbein, portfolio manager of the AdvisorShares Focused Equity ETF (CWS), told CNBC in a phone interview Tuesday. “People over the weekend, they felt […]
Read moreApple has invented a more discreet way to call emergency services with a touch, aimed at helping users evade potential attackers. A patent granted on Tuesday depicted technology that would sense the “manner” in which a finger touched the iPhone screen to trigger a 911 call. For example, the phone might look for a particular […]
Read moreWall Street has wiped out half of Snap’s value since the days following its IPO. Shares of the social media company hit a fresh low of $14.63 a share on Tuesday, less than half the stock’s all-time intraday high of $29.44 on March 3. The stock popped 44 percent on its first trading day, March […]
Read moreA stock trader at one of “pharma bro” Martin Shkreli‘s hedge funds testified Tuesday he did not see Shkreli “buying and selling stock” or doing other things hedge fund operators normally do. “I didn’t see him doing a whole lot,” said the trader, Timothy Pierotti, at Shkreli’s securities fraud trial in Brooklyn, New York, federal […]
Read morePiper Jaffray raised its price target on shares of Match Group after signs pointed to an unexpected acceleration in paid members last month for its dating app Tinder. “Based on prior rank improvements and the nature of the top 10 grossing apps, this suggests a surprisingly strong net add of 340K in Q2,” noted Piper […]
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If you think the S&P 500 is set to rise even higher from current, near-record levels, you’re in luck. Bullish options contracts that will increase in value should the market rise a few percentage points over the course of the next month have rarely cost less. “They’re basically giving away call options,” Pravit Chintawongvanich, head […]
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JUST like that, America’s laptop ban is all but over. Four months ago the Trump administration announced that travellers from ten Middle Eastern countries would be barred from taking electronics larger than a mobile phone into plane cabins, citing security concerns. In the past few weeks, the government has been gradually freeing carriers, including Emirates, […]
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