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Monthly Archives: September 2018

Cryptocurrency ether plunges again, decoupling from bitcoin  

Ether, one of the best-performing cryptocurrencies during the boom last year, is taking another nose dive on Wednesday. The world’s second largest cryptocurrency fell 8 percent to a low of $170.34, bringing its drop since the high in January to roughly 90 percent, according to CoinDesk. Ether typically rises and …

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Apple to announce iPhone Xs, iPhone Xs Max, iPhone Xr

David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc., waves after speaking during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 12, 2017. Apple is about to unveil the new iPhone. The company’s annual September event — …

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White Castle’s plant-based Impossible Slider gets nationwide release

Drew Angerer | Getty Images In this photo illustration, a meatless ‘Impossible Slider’ sits on a table at a White Castle restaurant, April 12, 2018 in the Queens borough of New York City. The meatless burgers, which sell for $1.99, are about twice the size of White Castle’s regular sliders. …

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Spanish soccer chiefs submit official request to trigger $232 million deal and take top matches to the US

JOSEP LAGO | AFP | Getty Images Girona’s defender Juanpe Ramirez (L) vies with Barcelona’s forward from Argentina Lionel Messi during the Spanish league football match Girona FC vs FC Barcelona at the Montilivi stadium in Girona on September 23, 2017.  Plans for Spain’s top soccer league to play a …

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Tobacco stocks surge FDA announces crackdown on e-cigarette companies

Shiho Fukada for The Washington Post | Getty Images Customers try IQOS device during demonstration at IQOS store in Tokyo, Japan on July 31, 2017. Tobacco stocks surged Wednesday after regulators threatened to pull e-cigarettes from shelves if manufacturers do not control “widespread” teen use. Shares of Altria rose 5 …

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BTIG slashes Snap rating to sell, sees another 50% drop for shares

One Wall Street analyst is sick of waiting around for Snap to post stronger numbers and cut his rating to sell, predicting another 50 percent slide for the social media stock. Lambasting the social media company for a lack of innovation and anemic quarterly results, BTIG analyst Richard Greenfield told …

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Hurricane Florence could product historic storm surge of up to 20 feet

Chuck Liddy | Tribune News Service | Getty Images National Park Service Ranger Jeff Goad views the destruction to N.C. Hwy 12 on the north edge of Rodanthe, North Carolina due to the storm surge from Hurricane Irene.  A network of rivers and streams that extend inland from the coast …

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Ahead of Apple’s product launch, trader is ‘playing for a pullback’

All eyes in the tech world are on Apple, which is expected to unveil three new iPhone models on Wednesday at its annual product launch. Not all investors are fazed by the hotly anticipated event. Mark Newton, president and founder of Newton Advisors, sees a sharp pullback in Apple’s near …

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Micron tumbles after Goldman downgrades

Scott Mlyn | CNBC Sanjay Mehrotra, CEO, Micron Technology,  Goldman Sachs downgraded Micron to neutral from buy on Wednesday, sending the shares tumbling in premarket trading and further exasperating a violent selloff in memory chip stocks this month. The investment bank’s analyst Mark Delaney cited “incremental weakness in both DRAM …

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Stocks making the biggest moves after hours: Sprint, Gilead and more

Andrew Harrer | Bloomberg | Getty Images Pedestrians walk past a Sprint store in Washington, D.C. Check out the companies making headlines after the bell: Sprint stock dipped as much as 1.8 percent in after-hours trading after the Federal Communications Commission released a letter pausing the transaction clock for the …

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