Mark Zuckerberg wants Facebook groups to play an important role that community groups like churches and Little League teams used to perform: Bringing communities together. And with nearly 2 billion people around the world on Facebook today, he might have a chance to make it happen. Zuckerberg laid out his lofty ambition in a Chicago […]
Read moreWhen Jim Cramer first started trading, he didn’t like rules. He believed they either weren’t helpful or would cut into his upside and prevent him from making more money. After getting burned too many times, he learned the value of discipline. “The rules protect you against your own bad judgment about what’s going on at […]
Read moreIBM is building blockchain technology that will be used by seven of Europe’s largest banks, including HSBC and Rabobank, to facilitate international trade for small and medium-size enterprises, the company said on Tuesday. The project will mark one of the first real-world use cases of blockchain technology in financial institutions. The potential of blockchain has […]
Read moreResearchers from several leading institutions in the United States say they have discovered a new kind of naturally occurring underwater bacteria that has eaten a considerable portion of the oil that spilled out of the Deepwater Horizon drilling platform. The microbe is one of many species that helped mitigate damage from one of the worst […]
Read moreBarclays released a second quarter update to its top stock picks, selecting 42 stocks to watch as the summer begins. According to a note on Monday, “each of our Top Picks is an analyst’s single-best high-conviction bottom-up stock selection within the associated coverage industry, a compelling fundamental investment case with significant upside potential to its […]
Read moreSnap shares could fall below its IPO price in coming weeks, if historical trends hold true. Shares of the Snapchat parent closed Monday 29 cents above the stock’s initial public offering price of $17 a share. The move comes about a month before many insiders who hold shares of the Snapchat parent can begin selling […]
Read moreUBS top analyst Steven Milunovich has pinned Apple success to its sales in China. Optimistic about iPhone 8 sales, Milunovich raised Apple’s price target to $170 and encouraged investors to buy thanks to the iPhone’s estimated 15 percent unit growth in China. A Monday report from UBS models a 30 percent recovery in Chinese iPhone […]
Read moreCostco shares have tumbled over worries the Amazon and Whole Foods Market merger will hurt the retailer’s business. However, one Wall Street firm says it is time to buy the dip. Raymond James raised its rating for Costco shares to outperform from market perform, predicting the retailer’s business will not be “materially impacted” and its […]
Read moreNo one knows what former Uber CEO Travis Kalanick will do next after leaving his company, but he seems to be sitting down for some high-powered lunches. Kalanick was spotted with JPMorgan Chase CEO Jamie Dimon at the Willard Intercontinental Hotel’s Cafe du Parc in Washington D.C. on June 25. Dimon was in town for […]
Read moreApple and Hertz will work together on a fleet of self-driving vehicles, Bloomberg reported on Monday. Hertz shares were up 14 percent after the news. The shares saw a small pop earlier in the day, after Alphabet and Avis announced a similar partnership. Apple was not immediately available to comment on the report. Apple CEO […]
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