Shares of Nvidia are up 4 percent and poised for a record close on an upgrade from SunTrust Robinson Humphrey. Here’s the thing: SunTrust is playing catch-up with the rest of Wall Street, who have already upgraded Nvidia. Nvidia’s shares have more than tripled in the last 12 months, beating out the returns of any […]
Read moreBarry Diller, chairman of IAC, told CNBC on Wednesday that Donald Trump‘s presidency has been a “joke.” “He hasn’t done anything, really. I think it’s just a joke. Hopefully it will be over relatively soon,” Diller said. “It inexplicably began and it will inexplicably end.” The comment came in a wide-ranging interview with CNBC at […]
Read moreTwo major Wall Street banks think it might be time to take money out of the stock market: Bank of America Merrill Lynch and Credit Suisse. “With central banks heading toward removing liquidity, and both lofty valuations and narrow market breadth in the US, we think investors would be prudent to lock in some gains, […]
Read moreTrump International Hotels Management said late on Tuesday a data breach at a service provider compromised card payment details at 14 of its properties. The compromised information included payment card numbers and card security codes for some of the hotel chain’s reservations processed through service provider Sabre’s central reservation system, according to a notice on […]
Read moreThe FANG group of tech stocks is crushing expectations this year, and a new tech-based exchange traded fund is looking to capitalize on the momentum. AdvisorShares on Wednesday debuted its New Tech and Media ETF under the ticker FNG. The fund will initially track 28 “disruptive innovators,” the company said. The acronym FANG was created […]
Read moreIn late 2013, Snap CEO Evan Spiegel reportedly rebuffed a $3 billion takeover offer from Mark Zuckerberg. Now the Facebook CEO is having the last laugh. This week, Snap shares fell sharply below their IPO price of $17 a share, after one of the investment banks that helped take the company public downgraded its stock […]
Read moreAn unidentified man held up a sign saying “buy bitcoin” during Fed Chair Janet Yellen‘s testimony Wednesday before the House Financial Services Committee. Bitcoin subsequently climbed toward session highs and traded 3.5 percent higher, at $2,415, as of 1:03 p.m. ET, according to CoinDesk. Yellen was speaking during the first round of the Fed’s semi-annual […]
Read moreFacebook CEO Mark Zuckerberg pledged his support for net neutrality protections on Wednesday, offering to work with members of Congress on the law. “If a service provider can block you from seeing certain content or can make you pay extra for it, that hurts all of us and we should have rules against it,” Zuckerberg […]
Read moreAdvancements in technology and globalization are chipping away at America’s middle class, Federal Reserve Chair Janet Yellen said Wednesday. In an appearance before the House Financial Services Committee, Yellen said if the U.S. looks at the flight of jobs and wages from middle-class families, it must take into account how automation has eliminated several lower-skilled […]
Read moreDespite a recent HR crisis and looming trial with Alphabet, Uber’s business improved so far this year, according to a report Bloomberg. The preview of Uber’s second-quarter results, shared on a conference call with investors, indicate that Uber is collecting more money in fares and is narrowing losses, people familiar the matter told Bloomberg. Q2 […]
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