As the world looks ahead to a future of interconnected, self-driving cars, this college town 40 miles west of Detroit has emerged as a one-of-a-kind, living laboratory for the technologies that will pave the way. Here, it is not uncommon to see self-driving Ford Fusions or Lexus sedans winding their way through downtown streets and […]
Read moreWhen Warren Buffett acts, investors notice. And after he took a roughly $300 million position last month in Home Capital Group, a troubled Canadian mortgage underwriter, some investors saw it as a vote of confidence not only in that company, but also in Canadian stocks over all. Al Rosen takes a different view. A veteran […]
Read moreIt shouldn’t come as a huge surprise that Apple‘s next high-end iPhone could cost more than a grand, money manager and popular blogger Josh Brown said Monday. He spoke after Apple watcher and developer John Gruber told CNBC he thinks the entry-level version of Apple’s iPhone 8 will start at $1,200, above the $1,000 figure […]
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Monday’s tech bounce was a relief for investors after a volatile week for the sector, but Carter Worth’s charts suggest that the good news could be short-lived. Despite a modest advance Monday, the tech heavy Nasdaq 100 is down 4 percent from its high last month, and the Cornerstone Macro technician is making the case […]
Read moreTennis star and entrepreneur Serena Williams is joining the board of SurveyMonkey, along with Intuit CEO and chairman Brad Smith, the online survey company said. Hewlett Packard Enterprise CEO Meg Whitman and Turbonomic’s executive chairman Bill Veghte are stepping off as directors as part of the move. As most know, Williams is one of the […]
Read moreShares of Abercrombie & Fitch plunged 21 percent on Monday and dragged down other stocks in the battered retail sector as the U.S. teen apparel maker terminated talks over a potential sale. Investors saw Abercrombie’s failure to sell itself as yet another blow to a retail sector already struggling to cope with changing consumer tastes […]
Read moreCiting supply constraints and potentially massive demand for Apple’s iPhone 8, Apple watcher and developer John Gruber said he thinks the entry-level version of Apple’s most high-end iPhone will start at $1,200. That’s a lot more than the $1,000 figure that has been floating around recently. Gruber, who frequently hosts Apple executives on his podcast […]
Read moreAmazon on Monday morning offered a “sneak peek” at some of the deals its reported 85 million Prime members will be able to choose from, as its third annual Prime Day kicks off at 9 pm ET. Among the bargains are a 50 percent markdown on the Amazon Echo, $50 off the August Smart Lock, […]
Read moreAlphabet on Monday said it has kicked off a new research initiative aimed at improving human interaction with artificial intelligence systems. The People + AI Research (PAIR) program currently encompasses a dozen people who will collaborate with Googlers in various product groups — as well as outsiders like Harvard University professor Brendan Meade and Massachusetts […]
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Stocks are entering “frothy territory” and could fall soon due to a turnaround in monetary policy, a Deutsche Bank economist said Monday, citing analysis that is used by some of the more notable names in finance. “We believe the equity market in developed countries begins to show symptoms of ‘froth,'” Mikihiro Matsuoka, chief economist at […]
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