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Monthly Archives: September 2018

Bitcoin, other cryptocurrencies plunge after report on Goldman plans

Yu Chun Christopher Wong | S3studio | Getty Images A visual representation of the digital Cryptocurrency, Bitcoin, is seen on September 04 2018 in Hong Kong, Hong Kong. Bitcoin prices continued to take a hit on Thursday morning Asia time, following a report that Goldman Sachs was dropping its plans for …

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Oracle president Thomas Kurian taking time off

David Paul Morris | Bloomberg | Getty Images Thomas Kurian, Oracle’s president of product development, speats at Oracle’s 2013 OpenWorld conference in San Francisco. Thomas Kurian, one of the top executives at Oracle, is taking time away from the company for an unspecified period of time, the company has told …

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China e-retailer JD.com plunges for a second day after CEO arrest 

Billy H.C. Kwok | Bloomberg | Getty Images Richard Liu, founder and chief executive officer of JD.com. Shares of Chinese e-retailer JD.com plunged 11 percent on Wednesday, dropping for a second straight day, after CEO Richard Liu was arrested last week in Minneapolis after rape allegations. The Minneapolis police department …

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Cloudera earnings Q2 2019

Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc. Cloudera stock soared 10 percent in extended trading Wednesday after the company posted a smaller-than-expected loss for the second quarter of its fiscal year 2019. Here’s how the company did compared with Wall Street estimates: …

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Buy Caterpillar as commodity companies renew equipment, says Deutsche

Deutsche Bank has told clients that Caterpillar is likely to see an uptick in revenue and share price as mining and oil companies look to renew aging equipment. Resuming coverage on the Deerfield, Illinois-based company with a buy rating, analyst Chad Dillard said the machinery manufacturer still has years of …

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DOJ close to approving CVS-Aetna, Cigna-Express Scripts deals

Michael Nagle | Bloomberg | Getty Images Pedestrians walk past Aetna headquarters in Hartford, Connecticut. The Department of Justice is close to approving CVS Health’s acquisition of Aetna and Cigna’s acquisition of Express Scripts, The Wall Street Journal reported Wednesday, citing people familiar with the matter. Both deals could receive …

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Netflix shares decline after failing to hold key chart level

Pressure from a key technical indicator could be why Netflix shares are falling, according to a chart analyst. Netflix shares are down 4.9 percent Wednesday. Bespoke Investment Group told its clients Netflix’s inability to stay over an important moving average may have contributed to its sharp decline. “The FAANG trade …

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Facebook’s chart looks ‘dicey’ during key week for the social network

It’s been a volatile few months for Facebook shares, and one strategist says the stock is in a precarious position in the middle of an important week for the company. The social network’s chief operating officer, Sheryl Sandberg, was testifying before the Senate Intelligence Committee on Wednesday about election-related manipulation …

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Bernie Sanders introduces the BEZOS Act slamming Amazon low wages

Jason Redmond | Getty Chief Executive Officer of Amazon, Jeff Bezos, tours the facility at the grand opening of the Amazon Spheres, in Seattle, Washington on January 29, 2018.  Senator Bernie Sanders’ criticism of Amazon peaked on Wednesday as he and congressman Ro Khanna, D-Calif, introduced legislation to tax corporations …

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20% of adults will order groceries with an app by 2019, forecast says

Stephen Brashear | Getty Images After more than a year in beta, Amazon opened their cashier-less grocery store to the public More than 20 percent of adults who use their smartphones to shop will use an app to order groceries by 2019, according to a forecast. Apps that deliver perishable …

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