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Monthly Archives: September 2018

Electronics maker Jabil drops 9% after CEO says no improvement in margins

Jim Stem | Bloomberg | Getty Images An employee works on a circuit board at Jabil Circuit’s facility in St. Petersburg, Florida. Shares of contract electronics maker Jabil fell sharply on Tuesday after the company’s CEO said he does not see margins improving until fiscal year 2021. “We assume that …

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Square payroll services mobile app sends ADP, PAYX stocks down

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. Fintech firm Square is rolling its payroll services into a mobile app, and it’s sending payroll stocks like ADP and Paychex …

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Amazon could reach $3,000 per share in two years, Jefferies says

Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks during a discussion at the Air Force Association’s Air, Space and Cyber Conference in National Harbor, Maryland, U.S., on Wednesday, Sept. 19, 2018.  Amazon shares could surge to $3,000, or $1.46 trillion …

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Trump says OPEC is ‘ripping off the rest of the world’

Timothy A. Clary | AFP | Getty Images President Donald Trump addresses the 73rd session of the General Assembly at the United Nations in New York September 25, 2018.  Trump blames that policy for pushing oil futures into a range between about $70 and $80 per barrel and keeping the …

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FANGS? Square should be added to the famous tech stock basket, analyst says

Yana Paskova | Bloomberg | Getty Images Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015.  Square could rattle the payments industry in the same way Facebook, Amazon, Netflix and …

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Deputy Attorney General Rod Rosenstein still has his job for now

Chip Somodevilla | Getty Images Deputy Attorney General Rod Rosenstein leaves his home on September 25, 2018 in Bethesda, Maryland. Presuming his time at the Justice Department was in jeopardy, Rosenstein met Monday with White House Chief of Staff John Kelly but was told to stay on the job at …

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Southwest Airlines adds free in-flight messaging

Scott Olson | Getty Images A Southwest Airlines jet leaves Midway Airport in Chicago, Illinois.  Can’t stand being out of touch at 35,000 feet but don’t want to pay for pricey in-flight Wi-Fi? Try instant messaging. Southwest Airlines is the latest carrier to offer free in-flight messaging. The airline had …

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Google reverses ban on cryptocurrency exchange advertising in US Japan

Yu Chun Christopher Wong| S3studio | Getty Images A photo illustration of the digital Cryptocurrency, Bitcoin, is seen on September 13 2018 in Hong Kong, Hong Kong.  Google is ending its sweeping ban on cryptocurrency-related advertising and plans to allow regulated crypto exchanges to buy ads in the United States and …

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Volkswagen and luxury electric car maker Lucid will build EV chargers 

Robert Ferris | CNBC The Lucid Air Alpha test car, displayed at the New York Auto Show, reached a software-limited 217 miles per hour on a text track in Ohio. Luxury electric car maker Lucid is building a high speed charging network for electric cars across the United States with …

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Tesla is making its own car carriers 

David McNew | AFP | Getty Images Tesla Motors CEO Elon Musk unveils large utility scale home batteries at the Tesla Design Studio in Hawthorne, California, April 30, 2015.  Tesla is building its own car carriers, as the electric carmaker faces vehicle distribution problems. The company is upgrading its logistics …

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