Corporate earnings this week will decide the fate of the stock market’s run to record highs, “Mad Money” host Jim Cramer said Monday. And “if it’s going to decide the fate, I think it’s gonna be good because we have so many top-quality companies reporting this week,” Cramer said on CNBC’s “Halftime Report.” U.S. stocks […]
Read moreBillionaire hedge fund manager David Einhorn, who is known for his prescient short bets against stocks like Lehman Brothers, is not happy high-flying cult stocks are crushing the market this year. The investor told his clients he is “frustrated” with the performance of his bets against technology companies such as Tesla and Amazon, which he […]
Read moreAmazon Web Services is thinking about building software for corporate data centers as part of its recently formed partnership with VMware, according to a report on Monday. The work could make it easier for companies to migrate applications between their data centers and Amazon’s server farms and make it easier to recover data from Amazon […]
Read moreStories of sexual harassment have flooded Silicon Valley from women in Uber and other start-ups. Jennifer Hyman, CEO of Rent the Runway, said she too was mistreated, and that it’s time for venture capitalists to radically change the way they do business. “When [venture capitalists] invest in founders, especially prior to a Series B, you’re […]
Read moreElon Musk is certain that robots will be able to do your job better than you. And even the billionaire tech titan CEO of Tesla and SpaceX is not sure what to do about that. “There certainly will be job disruption. Because what’s going to happen is robots will be able to do everything better […]
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Energy has been struggling this year, sinking 13 percent, but one top technician is making a contrarian call on the beaten-down sector. After multiple calls to sell energy, Carter Worth of Cornerstone Macro says that the charts are now flashing a buy sign. Energy has “come a long way, and at some point you do […]
Read moreNetflix‘s revenue may be increasing, but Wall Street cares more about whether the company can add subscribers. The video streaming company is expected to post $2.76 billion in revenue when it reports its Q2 earnings on Monday after the bell, according to a Thomson Reuters consensus estimate. That is a 31.2 percent increase over the […]
Read moreJPMorgan is positive on semiconductors ahead of the second quarter earnings reporting season, arguing that continued demand for cloud and data centers are driving growth in the industry. “We anticipate most companies to report June quarter results that are better than consensus estimates and in line with our own research efforts and recent industry data […]
Read moreBetween analysts, supply chain leaks and informed speculation, we have a pretty good idea of what we can expect from the iPhone 8 when it is revealed later this year. Delays, fancy new screens, sensors that can detect our faces, problems securing new components — all of these topics and more have been discussed in […]
Read moreFor a small band of hedge funds that slapped down prescient bets against the tottering US housing market, the financial crisis was the biggest money-spinner in generations. Some investors think they have now found the next “big short” in the retail industry. The reshaping of how Americans shop by the internet is accelerating. The US […]
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