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Monthly Archives: July 2018

GrubHub surges after earnings report and LevelUp acquisition 

Jin Lee | Bloomberg | Getty Images Actors dressed in Grubhub Inc. costumes interact with traders on the floor of the New York Stock Exchange (NYSE) in New York. Shares of GrubHub soared more than 24 percent on Wednesday, following a strong second quarter earnings report and the company’s announcement …

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Delivering Alpha attendees predict Amazon will be first company to reach $1 trillion in market value

Source: CNBC Nearly 70 percent of those surveyed said Amazon will reach the trillion dollar value milestone first, followed by Apple and Alphabet. Currently Amazon has a market cap of $888 billion versus Apple’s $949 billion and Alphabet’s $870 billion as of Tuesday’s close, according to FactSet. Nearly 100 investors …

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Ireland opens the door to extending Brexit talks beyond 2019

 Dursun Aydemir | Anadolu Agency | Getty Images Brexit Minister Dominic Raab (L) and Brexit negotiator Michel Barnier (R) hold a joint press conference in Brussels, Belgium on July 18, 2018.  Ireland’s Foreign Minister Simon Coveney suggested the U.K.’s negotiations over leaving Europe could be extended beyond 2019 as concerns …

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Facebook’s top lawyer Colin Stretch is leaving the company

Andrew Harrer | Bloomberg | Getty Images Kent Walker, vice president and general counsel with Google Inc., from right, Colin Stretch, general counsel with Facebook Inc., and Sean Edgett, acting general counsel with Twitter Inc., listen during a House Intelligence Committee hearing in Washington, D.C., U.S., on Wednesday, Nov. 1, …

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JP Morgan says Twitter is a ‘top’ stock pick, recommends company’s shares into earnings report

Justin Tallis | AFP | Getty Images Jack Dorsey, CEO of Square, Chairman of Twitter and a founder of both, holds an event in London on November 20, 2014. Twitter shares will keep going higher, even after their stunning rally so far this year, as the company benefits from its …

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Waymo teams up with companies to offer autonomous rides to customers

Brendan McDermid | Reuters Waymo unveils a self-driving Chrysler Pacifica minivan in Detroit, Michigan, U.S. on January 8, 2017. Waymo, the Alphabet company that spun out of Google’s former self-driving car division, is partnering with some of the country’s largest companies to expand how many people ride in its self-driving …

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GlaxoSmithKline, 23andMe team up on genetics-driven drug research 

Cayce Clifford | Bloomberg | Getty Images A reporter examines a 23andMe DNA genetic testing kit in Oakland, California. British drug giant GlaxoSmithKline is investing $300 million in consumer genetics company 23andMe, forging a four-year collaboration to discover medicines using human genetics as a guide. The partnership establishes GSK as …

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The European Central Bank is set to hold steady amid heightened risks of a trade war

Emmanuel Dunand | AFP | Getty Images European Central Bank President Mario Draghi attends an Eurogroup finance ministers meeting at the European Council in Brussels on May 24, 2018. After a surprisingly dovish meeting in June, the European Central Bank (ECB) is expected to strike a more balanced tone this …

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Deutsche Bank earnings Q2 2018

Krisztian Bocsi | Bloomberg | Getty Images Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany. Here are some key highlights: Profit before tax of 711 million euros ($830.48 million), down 13 percent on the year. Net income of 401 million euros ($468.39 million) Common Equity Tier 1 …

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Creative careers to be spared from job disruption, automation

VCG | Getty Israeli historian and writer Yuval Noah Harari makes a lecture of artificial intelligence during the X World Future Evolution on July 6, 2017 in Beijing, China. Harari’s 25-year study of humankind has produced two bestselling books, both of which have appeared on Bill Gates’ summer reading lists. …

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