As U.S. stocks closed lower Tuesday and crude oil fell to a nine-month low on global supply concerns, Boris Schlossberg, BK Asset Management’s managing director of foreign exchange strategy, discussed three items he is watching for in the market on Wednesday. 1. Existing home sales Shortly after the opening bell on Wednesday, the National Association […]
Read moreSeattle’s prestigious Institute for Systems Biology has long been a draw for star experimental scientists. But it’s now in a battle for talent with some deep-pocketed competitors: Amazon and Google. Out of a group of a dozen researchers, four have recently left for Amazon, Google and Microsoft, said Nathan Price, associate director of ISB, which […]
Read moreThough artificial intelligence is continuing to grow smarter, it’s no match for human wisdom, Jack Ma, founder and executive chairman of Alibaba, told CNBC in an interview on Tuesday. “It’s about wisdom. It’s about experience,” said Ma, China’s richest man and e-commerce mogul. “So I don’t think the machine — the artificial intelligence — is […]
Read moreThe stock market rally isn’t about to fade anytime soon, according to Piper Jaffray chief market technician Craig Johnson. “We’re still bullish on this market, and we think there’s more room to go,” Johnson said Tuesday, as the S&P 500 slipped from the record levels reached the previous day. In fact, Johnson recently raised his […]
Read moreAmazon’s move to buy Whole Foods is not surprising and is in line with what Alibaba has already started doing in China, Alibaba’s vice chair, Joseph Tsai, told CNBC on Tuesday. “Great minds think alike,” Tsai said in an interview with “Closing Bell” from the sidelines of Alibaba’s Gateway conference in Detroit. “We think that’s […]
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Interest in chipmaker Nvidia has exploded. From the stock’s average daily volume (more than 10 times that of some similarly sized and priced companies) to the total options open interest (more than six times that of similarly sized and priced companies), investors are appearing to pile into a semiconductor stock that’s tripled over the last […]
Read moreSirius announced on Tuesday morning that Sirius XM is now available from any subscriber’s device that has Amazon Alexa installed, including the Echo. That means you can finally play your favorite stations at home, much like you would in your car, without having to buy a separate Sirius XM player. It’s just as easy as […]
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Oil prices sank more than 2 percent on Tuesday, posting a nine-month closing low, on signs of rising production in key parts of the world. West Texas Intermediate crude oil futures ended Tuesday’s session at $43.23, down 97 cents, the weakest settlement since Sept. 16. The U.S. benchmark fell as low as $42.75, the lowest […]
Read moreHouse Speaker Paul Ryan is warning against watering down the sweeping overhaul of the nation’s tax code he laid out a year ago and calling on Washington to enact permanent reforms this year. Tuesday’s speech is intended to mark the start of Ryan’s concerted campaign for what an aide called the “crown jewel” of the […]
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5 Stunning stats about Chipotle Good news for Chipotle: Customers have come back following the chain’s E.coli nightmare a few years ago. Bad news for Chipotle: Higher marketing costs and surging avocado prices may eat into its profits. Shares of Chipotle (CMG) tumbled 6% Tuesday — making it the worst performer in the S&P 500 […]
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