With banks showing they’re at perhaps their best health since the financial crisis and ready to return heaps of cash to investors, it would be natural to expect a little more market enthusiasm. Instead, the sector has stumbled through the year, the luster of its “Trump trade” status wearing thin and even the prospect of […]
Read moreSocial media giants Facebook, Google‘s YouTube, Twitter and Microsoft said on Monday they were forming a global working group to combine their efforts to remove terrorist content from their platforms. Responding to pressure from governments in Europe and the United States after a spate of militant attacks, the companies said they will share technical solutions […]
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A group of “classic” Dow stocks is surging this year, but a top technician warns that the rally in one name in particular is about to stall. While everyone has been focused on the FANG group, a number of classic Dow stocks have been on a stealth rally. Boeing and McDonald’s are leading the pack, […]
Read moreNintendo is doubling down this holiday season. In addition to the red hot Nintendo Switch, the company said Monday it will have a new standalone mini-console on store shelves, this time focused on the Super Nintendo Entertainment System. News of the classic edition instantly set the gaming world ablaze, with users of Reddit and Twitter […]
Read moreSeaWorld‘s stock fell 6 percent on Monday, three days after the company announced two federal investigations into public statements and trading in the company’s securities after the premier of the documentary “Blackfish.” SeaWorld received subpoenas earlier this month from the U.S. Department of Justice and the Securities and Exchange Commission “concerning disclosures and public statements […]
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Rich Ross, technical analyst at Evercore ISI, is getting bearish on the whole market, but not too bearish, predicting a pullback of 3 percent on the S&P 500 and 5 percent on the NASDAQ-100. The call is based partly on complacency, partly on the time of year, and partly on what he sees are disturbing […]
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To some degree, Wall Street economists and strategists are tasked with telling the future. Predictions are often based on historical research and analysis, and their firms (and clients) hope they’re on the mark. But according to Deutsche Bank’s chief international economist, Torsten Slok, forecasts for one of the economy’s benchmark measurements, the rate on the […]
Read moreArtificial intelligence is being used to improve banking, marketing, the legal field — and now to find which one of the more than 30,000 strains of medical marijuana is best for you. Potbot uses AI to “read” through peer-reviewed medical journals to find studies on cannabinoids, the active compounds in marijuana. Using the research, it […]
Read moreThe most important thing to know about the new $229.99 Echo Show, an Alexa speaker with a screen, is what it doesn’t do. You basically never need to tap the screen for anything, unless you really want to. There is not an “app store” where you hunt around for new things to add to your […]
Read moreA venture capital firm has reportedly lost two key partners after one partner was accused of sexual harassment. Binary Capital partner Justin Caldbeck has resigned, according to Axios. Caldbeck was thrust into the spotlight last week after The Information reported that Caldbeck had made inappropriate advances toward six businesswomen. Caldbeck tried to sleep with one […]
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