Tesla’s stock closed up 1.4 percent Friday after the company updated its second quarter vehicle production report to include the number of vehicles on their way to be delivered. After incorporating in-transit data for the previous five quarters, Tesla omitted the stat in its July 3 report, causing concern for investors, who sent a deluge […]
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Blue Apron is among the worst-performing IPOs year-to-date — and it’s only been one week. That’s according to Kathleen Smith, principal at Renaissance Capital, a manager of IPO-focused ETFs. “The trading on this has been just awful,” Smith said. “Some of it is the Amazon fear but that’s not the only thing. Some of it […]
Read moreWearable maker Jawbone has begun liquidation proceedings, said tech website The Information on Thursday, citing a person close to Jawbone. Founded in 1999, Jawbone was one of the early pioneers of Bluetooth wearables, even before the term “wearables” became widespread. While its demise now may be at hand — the company declined to comment to […]
Read moreCybersecurity stocks like FireEye, Barracuda, Symantec and Palo Alto Networks rallied Friday, as snack food and beverage giant Mondelez International became the latest victim of a cyber attack. The company said it was hit with an attack on June 27 that compromised its ability to ship and send invoices during the last four days of […]
Read moreCredit Suisse released the firm’s best current stock picks to its clients in a mid-year update. The report is Credit Suisse’s “one-stop shop” for their research team’s best stocks and summaries pertaining to each selection. Each pick is based on a six- to 12-month time month horizon and represents a “snapshot” of the analysts’ thinking. […]
Read moreIn a bygone analog era, lawmakers and corporate chiefs traveled great distances to swap secrets, to the smoke-filled back rooms of the World Economic Forum in Davos, Switzerland, or the watering holes at the annual Allen & Company conference in Sun Valley, Idaho. But these days, entering the corridors of power is as easy as […]
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Gold prices tumbled to their lowest level in nearly five months Friday on the back of stronger-than-expected employment data. Futures for August delivery dropped 1 percent to $1,210.60 per ounce, reaching levels not seen since March 15. The precious metal was also on track for its fifth-straight weekly loss, its longest losing streak since December. […]
Read moreAbout nine out of 10 first-time guitar buyers will give up on the instrument, according to Fender. To convert new players into lifelong customers, the 71-year-old company is heading online and taking advantage of the 1.5 billion smartphones that were sold last year. “It’s inescapable,” said Ethan Kaplan, general manager of Fender Digital in Los […]
Read moreFacebook isn’t about to let Apple have all the glory of the best place to work in Silicon Valley. On Friday Facebook unveiled renderings and details about its plan for the 56-acre Menlo Science & Technology Park it bought in 2015 — and they’re certainly notable. Facebook envisions a pharmacy, a grocery store, and other […]
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One simple chart depicts what’s taking place in retail today, as many traditional players that once boasted impressive revenue growth now report slipping sales. Amazon, essentially, is “eating the retail world,” MKM Partners analyst Rob Sanderson wrote in a Friday note to clients. His chart shows Amazon, in the categories that the company serves, growing […]
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