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Monthly Archives: September 2018

CBS CEO Leslie Moonves steps down after sexual harassment allegations

Drew Angerer | Getty Images Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corporation, attends the annual Allen & Company Sun Valley Conference, July 11, 2018 in Sun Valley, Idaho.  CBS CEO Leslie Moonves is leaving his post following numerous allegations of sexual misconduct that spanned much of …

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CBS close to cutting ties with Moonves, end fight with NAI 

Patrick T. Fallon | Bloomberg | Getty Images Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp., listens during the annual Milken Institute Global Conference in Beverly Hills , California, U.S., on Wednesday, May 4, 2016.  CBS’ board of directors is near completion of a settlement that would …

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Blockchain startups tackle Web’s dark side, including ‘fake news’ 

Source: Unsplash for Verasity Blockchain-based media companies like Verasity are compensating users, creators and advertisers with cryptocurrency. The Internet is increasingly popular for users looking for free and convenient content. However, major downsides like demonetization, data privacy and fraudulent activity have shaken both consumers and content providers. Now, a growing number …

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US and China could see a ‘big slowdown’ in global economic growth

Christopher Goodney | Bloomberg via Getty Images Lord Adair Turner, director of the Foundation for Science & Technology and former chair of the U.K. Financial Services Authority, listens during a Bloomberg Television interview in New York, U.S., on Tuesday, April 25, 2017. The economic policies being pursued by the U.S. …

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Italy’s economy would struggle with ‘even a minor recession,’ former IMF director says

Giuseppe Ciccia | Pacific Press | LightRocket | Getty Images Italy’s designated Prime Minister Carlo Cottarelli talks to journalists after having received from Italy’s President Sergio Mattarella the mandate to form a new government at the Quirinale Palace, May 29, 2018. Italy’s economy is in such a fragile state that …

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Five Below soars to an all-time high after strong sales boost profit

Daniel Acker | Bloomberg | Getty Images Shoppers place purchases into vehicle outside a Five Below store in Bloomington, Illinois, on Wednesday, July 25, 2018.  Shares of Five Below skyrocketed more than 13 percent to an all-time high on Friday, the day after the company reported sales that easily beat …

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Apple says Trump’s China tariffs are going to hurt the company

Zach Gibson | Bloomberg | Getty Images President Donald Trump, right, speaks as Tim Cook, chief executive officer of Apple Inc., listens during the American Technology Council roundtable hosted at the White House in Washington, D.C. President Donald Trump’s proposed tariffs on China cover a wide range of Apple products, …

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Goldman admits they were wrong on Apple, boosts stock outlook by 20%

Daniel Acker | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple, Inc. Goldman Sachs raised its price target on Apple stock all the way to $240 per share from $200 per share on Thursday, admitting they got the stock completely wrong this summer as it rallied to …

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Piper Jaffray says buy Apple shares as new iPhones will spur demand

Saeed Khan | AFP | Getty Images First customers display their iPhone X devices at an Apple showroom in Sydney, Australia on November 3, 2017. Piper Jaffray is optimistic over Apple’s upcoming lineup of iPhones. The firm reiterated its overweight rating for Apple shares, predicting the smartphone maker will sell …

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Short sellers pocket $510 million off Musk’s pot smoking interview

FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. Short sellers betting against Tesla made more than half a billion off the stock’s slide on Friday. After a bizarre video …

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