Home / 2018 / February (page 57)

Monthly Archives: February 2018

Ryan says progress on spending talks, sees another another stopgap measure

Jim Watson | AFP | Getty Images House Speaker Paul Ryan (R) and Senate majority leader Mitch McConnell (L) deliver a speech in White Sulphur Springs, West Viriginia during the Republican party retreat on February 01, 20108. U.S. House of Representatives Speaker Paul Ryan said on Thursday that while there …

Read More »

Airbnb CFO Laurence Tosi out, Belinda Johnson named COO, no 2018 IPO

Peter Foley | Bloomberg | Getty Images Laurence Tosi, CFO of Airbnb. Airbnb is losing its Wall Street-savvy CFO, getting its first COO and ruling out an IPO in 2018, delaying any payout for employees and early investors in the ten-year-old company. In a blog post, Airbnb’s CEO Brian Chesky …

Read More »

If you’ve maxed your 401(k), here’s another way to save big

Emily Michot | Miami Herald | MCT | Getty Images A doctor demonstrates an app on an iPad to review medical tests of one of his patients at Northwest Medical Center in Margate, Florida. Financial advisors don’t have to look far for the next big growth opportunity: It’s right in …

Read More »

Here’s who is benefiting from Chipotle’s food safety woes

Chipotle Mexican Grill’s food safety woes are still not behind it, and that’s good news for other restaurants. Despite the burrito chain’s efforts to lure back diners, customer perception of the brand remains tarnished and has led them to seek out other food options. “Food safety issues likely gave customers …

Read More »

Broadcom said to view Qualcomm earnings as concerning: sources

George Rose | Getty Images People crowd into the Qualcomm booth to view a series of new products during the annual Consumer Electronics Show on January 4, 2017 in Las Vegas, Nevada. Broadcom is said to view Qualcomm’s recent earnings report as concerning, though it is still expected to raise …

Read More »

Google parent Alphabet, Saudi Aramco in talks to build tech hub: WSJ

Jonathan Ernst – Pool | Getty Images Saudi Arabia’s Deputy Crown Prince and Defense Minister Mohammed bin Salman (2nd L) takes his seat to meet with U.S. Defense Secretary James Mattis and his delegation on April 19, 2017 in Riyadh, Saudi Arabia. Saudi Aramco, the world’s largest energy company, and …

Read More »

Bitcoin drops 9%, nears crucial make-or-break level of $9,000

Bitcoin dropped Thursday to trade just above $9,000, a critical level of support that many analysts are watching. The digital currency fell 9.9 percent to a low of $9,157.40 and was trading near $9,206 as of 8:52 a.m. ET, according to CoinDesk’s bitcoin price index, which tracks prices from four …

Read More »

Goldman gets less bullish on Nvidia due to cryptomining exposure risk

Rick Wilking | Reuters Jensen Huang, CEO of Nvidia, shows the NVIDIA Volta GPU computing platform at his keynote address at CES in Las Vegas, January 7, 2018. The volatility inherent in the cryptocurrency mining business is making a top Wall Street firm slightly less bullish on Nvidia. Goldman Sachs …

Read More »

Chipotle downgraded to sell by UBS

Chipotle Mexican Grill’s sluggish sales and struggling brand perception spell more downside for investors, UBS said Thursday. “Online review trends have continued to trend downward and have now dropped below pre-food safety crisis lows,” analyst Dennis Geiger wrote in a note to clients. “Despite aggressive efforts to improve brand perceptions …

Read More »

India wants to ‘eliminate’ criminal use of cryptocurrencies

Prashanth Vishwanathan | Bloomberg | Getty Images Arun Jaitley, finance minister of India India’s finance minister said Thursday that the country wants to “eliminate” the use of cryptocurrencies in criminal activities. “The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the …

Read More »