Oracle shares opened at $51.62 Thursday — an all time high for the company — putting the stock on pace for it’s best day in 3 years, after better than expected fourth quarter earnings and revenue. On CNBC’s Squawk Alley, CEO Mark Hurd distinguished the company from it’s competitors. “We’re different than Amazon. Amazon offers […]
Read moreFalling mortgage rates and rising home values are a tasty combination for homeowners looking to save some cash on their monthly mortgage payments. Millions, however, are not biting, either out of ignorance or because refinancing is a hassle. Close to 4.5 million borrowers are eligible and have a financial incentive to refinance, according to a […]
Read moreShares of Altice USA shot up Thursday morning as the cable giant made its public trading debut. The stock started trading on the New York Stock Exchange under the symbol ATUS. The fourth-largest U.S. cable provider priced its IPO at $1.9 billion, with its 63.9 million shares selling for $30 apiece, within the expected range […]
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INVESTORS could easily get confused about the impact of oil-price rises on the economy and markets. The story seemed to be clear: high prices bad, low prices good. The two great oil shocks in the 1970s were unambiguously bad for Western economies—ushering in stagflation and transferring spending power to the oil-producing countries. In turn, low […]
Read moreAmazon announced Thursday that owners of the Amazon Echo Show, which begins shipping this month, will be able to use the device to tap into video cameras around the house. Echo Show owners who want to take advantage of this feature will also need a smart camera. To activate the camera, Echo Show owners only […]
Read moreUber needs a new CEO after its founder CEO, Travis Kalanick, was removed yesterday at the request of a number of Uber’s shareholders. They also need two new independent directors and a large number of open executive positions filled. The near daily turmoil facing the company has made some wonder why anyone would want to […]
Read moreJD.com, Alibaba‘s largest rival in the Chinese e-commerce market, has invested nearly $400 million into Farfetch, a fast-growing online marketplace for luxury fashion boutiques. Alongside the $397 million investment, JD.com founder and CEO Richard Liu is joining Farfetch’s board. Exact terms of the deal could not be learned, but a source said Farfetch’s new valuation […]
Read moreAdobe Systems‘ new Character Animator product, which uses artificial intelligence, will make the company’s stock soar, CNBC’s Jim Cramer said Thursday. Cramer spoke the morning after his interview with Adobe chief Shantanu Narayen on CNBC’s “Mad Money.” During the interview, Adobe transformed Cramer into a real-time animation using its program. “This is what the world […]
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WHEN John Chambers ran Cisco, the world’s biggest maker of networking gear, his hyperactivity nearly matched that of the high-speed switches and routers that made the firm’s fortune. He pushed Cisco into dozens of new businesses, from set-top boxes to virtual health care. He travelled the world preaching the virtues of connectivity. In interviews it […]
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WHEN it comes to inflation, the Federal Reserve sometimes resembles a child freshly emerged from an age-inappropriate horror film. To its members, runaway price increases seem to lurk in every oddly shaped shadow. On June 14th America’s central bank raised its benchmark interest rate for the third time in six months, even as inflation lingered […]
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