Music streaming service SoundCloud on Thursday said that it cut 173 jobs, or 40 percent of its staff, as it seeks to become profitable. SoundCloud also said it has consolidated its employees into two offices — the Berlin headquarters and New York. SoundCloud is closing its San Francisco hub and a spokesperson said the company […]
Read moreRenowned energy trader Mark Fisher on Thursday forecast that a string of unseasonably warm winters will break and send natural gas above $4 or $5 per million British thermal units. Natural gas prices have remained locked in a range between about $2.75 and $3.25 per mmbtu, but Fisher believes in the next year or two, […]
Read moreThe radically shifting retail marketplace made it the right time for QVC to buy Home Shopping Network, according to QVC CEO Mike George. Speaking Thursday on “Squawk on the Street,” George said despite thoughts the merger would happen in recent years, now was the right time because of the relative valuations of the two companies. […]
Read moreJPMorgan cut its General Electric price target and told investors to stay underweight on the shares because of weak fundamentals paired with low expectations of future growth. “The GE narrative is as open and undefined as it’s been in decades,” wrote JPMorgan chief financial analyst Stephen Tusa, Jr. in Thursday’s report. “While we expect a […]
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HOW do you best judge the success of an airline? One obvious way is to ask whether lots of people fly with it, and if it makes pots of money for shareholders. Judged on these metrics, few can quibble with the direction that British Airways is heading. Last year 42.1m people flew with the airline, […]
Read moreIf you’re not well-versed on the basics of the stock market, the words and numbers spewed from CNBC or the markets section of your favorite newspaper can border on gibberish. Phrases like “earnings movers” and “intraday highs” don’t mean much to the average investor, and in many cases, they shouldn’t. If you’re in it for […]
Read moreMicrosoft announced a major reorganization on Wednesday that will include thousands of layoffs, largely in sales. The job cuts amount to less that 10 percent of the company’s total sales force, and most will be outside the U.S., the company said. Reports from last week suggested this was going to happen, and that Microsoft was […]
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Active managers, after years of suffering through a low-volatility stock market that has made their lives miserable, are finally showing signs of life. The first half of 2017 saw 54 percent of large-cap managers beat their benchmarks. That number may not sound remarkable on its face but is actually the first time a majority achieved […]
Read moreAn important moment in the self-diving car debate came on May 7, 2016, when Joshua Brown lost his life after his Tesla vehicle crashed into a semi-truck trailer. Brown had engaged Tesla’s Autopilot feature, and the software didn’t detect the white side of the trailer against the daytime sky. The car slammed into the truck […]
Read moreAmid the turmoil at Uber that resulted in Travis Kalanick’s stepping down as chief executive, the company announced a series of changes in late June aimed at improving its drivers’ work experience, including a new tipping option in its passenger app. But even as Uber makes a concerted effort to win over drivers, it has […]
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