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Monthly Archives: October 2018

Dialog Semiconductor signs $600 million licensing deal with Apple 

David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc., speaks during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Wednesday, Sept. 12, 2018.  Apple Inc has agreed to buy a portion of chip supplier Dialog Semiconductor Plc’s business in …

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Slack CEO Stewart Butterfield says company will be ‘many times larger’

Adam Galica | CNBC Stewart Butterfield, co-founder and CEO of Slack, at the 2018 WEF in Davos, Switzerland. Even if work messaging company Slack totally blows it, the company will still be many times larger than it is today, CEO Stewart Butterfield said in an interview with the Wall Street …

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Buying Snap at all-time low like buying a lottery ticket: Strategist

Snap just plunged to an all-time low, and some say the worst isn’t over for the long-suffering stock. Shares of the Snapchat parent opened Thursday’s trading session by falling 1 percent, a day after sinking nearly 6 percent amid a broader market sell-off, closing at session lows and bringing its …

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Sears lenders are reportedly pushing for liquidation in bankruptcy talks

Shannon Stapleton | Reuters A woman walks past store closing signs at a Sears in New Hyde Park, New York, October 10, 2018. With a potential bankruptcy filing looming, Sears Holdings met with lenders on Wednesday, and the meeting ended without an agreement to keep the embattled department store chain …

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A breakdown between stocks and bonds is game changer, Nick Colas warns

Stock market investors may be facing a game changer. According to DataTrek co-founder Nick Colas, a key relationship between stocks and bonds has broken down, and it could greatly hurt nest eggs. His latest research shows that the two assets became positively correlated in September, a trend that’s rarely been …

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Pullback in tech stocks spells anxiety for some, opportunity for others

Netflix and Amazon fell 8.3 percent and 6.1 percent, respectively, on Wednesday. Netflix was up slightly in Thursday’s premarket, while Amazon was down nearly 1 percent. But rising rates weren’t the only thing weighing on Zaccarelli. “I’ve also spent most of the year thinking we’d get a trade deal with …

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PayPal will let customers deposit and withdraw cash at Walmart stores

Lucas Jackson | Reuters A Walmart logo is displayed above the floor of the New York Stock Exchange shortly after the opening bell in New York, August 16, 2018.  Paypal will start offering deposit and withdrawal services at Walmart stores, the two companies said Thursday. This is the first time …

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Amazon, Netflix fall as tech stocks head for another brutal day

Alex Wong | Getty Images Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland. Technology stocks and other related names are set to head lower Thursday, …

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Intercepts implicate Saudi Arabia in Khashoggi disappearance: Report

Mohammed al-Shaikh | AFP | Getty Images Saudi dissident Jamal Khashoggi during a press conference in the Bahraini capital Manama, on December 15, 2014. U.S. intelligence intercepts show Saudi Arabian Crown Prince Mohammed bin Salman ordered that Jamal Khashoggi, a missing Washington Post columnist, be enticed to return from the …

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Nearly $13 billion wiped off cryptocurrency market

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. The price of major cryptocurrencies plunged on Thursday with nearly $13 billion of value being wiped out in a matter of hours. At …

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