Cybersecurity stocks are soaring as a vicious new form of malware has left thousands of computers grounded. Many cyber-security companies saw their stocks rally on Wednesday as the “Petya” ransomware program immobilized more than 12,000 computers from companies around the world in order to extort money from their owners, according to numbers from Microsoft. After […]
Read moreIf you ever wanted to get inside the heads of wildly successful CEOs to figure out what makes them inspiring leaders, a recently released study from job search firm Paysa may help. The company, which used data from IBM’s supercomputer Watson, performed an analysis of Facebook CEO Mark Zuckerberg and other tech leaders to determine […]
Read moreApple executives have said they will steer clear of touchscreen computers — but they have actually had a design for one for over a decade, according to an interview in Wired. Tony Fadell, known for his role in creating the iPod, told Wired that Apple had several different prototypes that came together to make the […]
Read more
Despite a relatively robust economy and a markedly low level of unemployment, inflation remains muted both in the United States and around the world. Why? While granting that demographic shifts are part of the equation, BlackRock’s chief investment officer of global fixed income, Rick Rieder, argues that technological innovation tamps down profoundly on widespread price […]
Read morePresident Donald Trump‘s morning tweet about Amazon will likely have no impact on the company, Baron Funds Portfolio Manager Michael Lippert told CNBC on Wednesday. “To me it is honestly just noise,” Lippert, whose fund owns shares of Amazon, said on “Halftime Report.” The portfolio manager spoke after Trump claimed that Amazon wasn’t “paying internet […]
Read moreGoogle looked to sell its Nest connected-home unit in 2016, just two years after buying the high-profile startup for $3.2 billion, according to Reuters. Alphabet had an internal project known as Project Amalfi, that looked to sell Nest in early 2016. It failed to find a buyer, however, and former Nest employees now complain of […]
Read moreGoldman Sachs told its clients to ignore a widely-followed way to value the stock market used by Warren Buffett. “With interest rates near multi-century lows, the so-called ‘Fed model,’ which compares earnings yields to bond yields, retains a powerful grip on the ‘valuation narrative’ in the equity market,” strategist Charles Himmelberg wrote in a note […]
Read moreHong Kong police have arrested protesters on the eve of Chinese President Xi Jinping‘s visit to the city to commemorate the 20th anniversary of its handover from Britain to China. The demonstrators had gathered around the Golden Bauhinia statue to express their frustration with what they perceive as Beijing’s encroachment on democratic values. Those detained […]
Read more
Wednesday’s stress test results could mark a turning point for financial stocks, which have lagged all year. The Federal Reserve is set to report at 4:30 p.m., ET, on whether it approves big banks’ plans to pay capital to shareholders. Analysts expect at least several of the big banks to come out of the test […]
Read moreAs Democrats begin to rebuild in the wake of their 2016 presidential election defeat, the party’s official political organ is tapping Raffi Krikorian, a former top engineer at Uber’s self-driving car program, to be its next chief technology officer. The hire, confirmed by multiple sources on Wednesday, comes as the Democratic National Committee looks to […]
Read more