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Monthly Archives: October 2018

Former Fed Chairman Paul Volcker thinks ‘we’re in a hell of a mess’

Brendan Smialowski | Getty Images Paul Volcker, former Federal Reserve chairman, speaks at the National Press Club April 20, 2015 in Washington, DC. Former Federal Reserve Chairman Paul Volcker, who has reached legend status in the world of central banking, isn’t optimistic about current conditions. When he looks around now, …

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‘Tesla is destroying the competition’

Tesla shares rose 6.1 percent as a noted short seller Andrew Left of Citron Research said he is now betting on the stock ahead of the company’s earnings report on Wednesday. “Citron is long Tesla as the Model 3 is a proven hit and many of the TSLA warning signs …

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Amazon Go cashierless store reportedly opening in New York City

Stephen Brashear | Getty Images After more than a year in beta, Amazon opened their cashier-less grocery store to the public Amazon plans to open another cashierless convenience store near New York City’s World Trade Center, Recode reported. The opening will bring Amazon one step closer to its reported goal …

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Amazon move off Oracle caused Prime Day outage in warehouse

Chip Somodevilla | Getty Images News | Getty Images Amazon founder and Washington Post owner Jeff Bezos speaks during the opening ceremony of the media company’s new location. Amazon is learning how hard it can be to move off of Oracle’s database software. On Prime Day, while the e-retailer was …

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Elon Musk says Twitter locked his account, thinking it was hacked

Jeff Vespa | WireImage | Getty Images Tesla Motors CEO Elon Musk arrives at ‘Revenge Of The Electric Car’ Premiere held at Landmark Nuart Theatre on October 21, 2011 in Los Angeles, California.  Tesla Chief Executive Elon Musk said Twitter had locked his account thinking it had been hacked. “Twitter …

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The Softbank CEO has reportedly canceled his event at the Saudi investment conference

Kiyoshi Ota | Bloomberg | Getty Images Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World 2018 event in Tokyo, Japan, on Thursday, July 19, 2018.  The CEO of technology investment firm SoftBank has become the latest high-profile business figure to withdraw from …

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Cadence, Zions Bancorp and more

Brendan McDermid | Reuters A logo and ticker info for Cadence Bancorp, LLC is displayed on a screen during the company’s IPO, on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 13, 2017. Check out the companies making headlines after the bell: Cadence Design …

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Cramer’s charts suggest shares of IBM are ‘ready to roar higher’

CNBC’s Jim Cramer and legendary technician Larry Williams say shares of IBM, an old-line technology giant that has transitioned its business to the cloud, could be ready to rally even after the company’s disappointing earnings report. Last Tuesday, IBM missed analysts’ revenue predictions in its third-quarter earnings report, with overall …

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Trump repeats dubious pledge to introduce middle class tax cut before midterms

Mark Wilson | Getty Images President Donald Trump speaks to the media before departing on Marine One at the White House on October 22, 2018 in Washington, DC.  WASHINGTON – President Donald Trump on Monday repeated his unsubstantiated claim that Republicans plan to unveil a middle class tax cut before …

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Pot stocks on pace for second-worst day ever as Tilray tumbles

Galit Rodan | Bloomberg | Getty Images Finished buds sit in a tray at the CannTrust Holdings Inc. cannabis production facility in Fenwick, Ontario, Canada, on Monday, Oct. 15, 2018. Canada, which has allowed medical marijuana for almost two decades, legalizes the drug for recreational use on Oct. 17, joining …

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