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Monthly Archives: September 2018

Bank of America says Nvidia is a ‘top’ pick 

Saul Loeb | AFP | Getty Images Simpson Chung uses a virtual reality headset during the NVIDIA GPU Technology Conference, which showcases artificial intelligence, deep learning, virtual reality and autonomous machines, in Washington, DC.  Nvidia shares will keep rising even after the stock’s big gains this year, according to Bank …

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New iPhone results impress Wall Street analysts with warm reception

Early results show that customers are excited for the latest iPhone lineup, which should drive higher sales volume and stock gains, according to two top analysts. Both Citigroup and RBC Capital Markets reiterated their buy ratings on Apple over the weekend after seeing just how popular the new phones appear. …

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Amarin shares surge after fish oil capsule showed benefits in trial

Amarin Corporation shares surged on Monday after the biopharmaceutical company’s fish oil capsule showed dramatic benefits in a clinical trial. Amarin’s capsule, Vascepa, significantly reduced serious cardiovascular events compared to a placebo, according to Amarin’s trial results which looked at 8,179 statin-treated adults with elevated cardiovascular risk. “We are delighted …

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Marvel’s most powerful character ever is coming soon, and it’s a woman

Marvel Studios Brie Larson as Captain Marvel, the first female superhero lead for Disney’s blockbuster comic book movie business, and ‘the most powerful character’ Marvel has come up with yet, according to the company’s president.  There is evidence that more female superhero movies are on the way. “With [‘Ant-Man and …

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White House said to prepare antitrust probe order of tech companies

Alex Wong | Getty Images President Donald Trump holds up an executive order that he signed during a meeting of the National Space Council at the East Room of the White House June 18, 2018 in Washington, DC. President Trump signed an executive order to establish the Space Force, an …

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Joe Biden to headline California political fundraiser ahead of midterms

David Paul Morris | Bloomberg | Getty Images Former U.S. Vice President Joe Biden gestures speaks at the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada. Former Vice President Joe Biden, who is still weighing whether to run for president in 2020, will be heading to Beverly Hills next month …

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Invesco reportedly getting OppenheimerFunds from MassMutual in $5 billion deal

Stephen Yang / Bloomberg / Getty Images Martin Flanagan, president and CEO of Invesco Invesco is going to buy OppenheimerFunds, a subsidiary of Massachusetts Mutual Life Insurance, in a more than $5 billion deal, according to a report Friday by Financial Times service Ignites. The asset manager has been a …

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Twitter bug could have shared users’ private messages with developers

Chris Wattie | Reuters Twitter CEO Jack Dorsey testifies before the House Energy and Commerce Committee hearing on Twitter’s algorithms and content monitoring on Capitol Hill in Washington, September 5, 2018. Twitter said Friday it has patched a bug that could have shared users’ private messages with software developers outside …

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Dam breached at North Carolina plant; coal ash may be flowing into Cape Fear River

A Duke Energy dam containing a lake in North Carolina was breached Friday, possibly causing coal ash to flow into the nearby Cape Fear River, the company said. Floodwaters topped a dike at Sutton Lake, a 1,100-acre reservoir at the L.V. Sutton Power Station. That water caused breaches in the …

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Homebuilder shares plunge after JP Morgan says recovery will be ‘tepid’

Luke Sharrett | Bloomberg | Getty Images A contractor moves lumber for a house under construction in the Norton Commons subdivision of Louisville, Kentucky. Homebuilder stocks fell Friday after J.P. Morgan said it is “more cautious” about the sector’s prospects. The firm lowered its ratings for five homebuilder stocks Friday …

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