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Monthly Archives: October 2018

Facebook Q3 2018 earnings

Andrew Harrer | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook  Facebook fell short when it came to revenue, daily active user and monthly active user estimates in its latest earnings report, despite exceeding analyst expectations on earnings per share. The company reported its third-quarter …

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Musk buys $10 million in Tesla stock and plans to buy $20 million more

Robyn Beck | AFP | Getty Images SpaceX, Tesla and The Boring Company founder Elon Musk. Tesla CEO Elon Musk has purchased around $10 million worth of additional shares in the electric car maker and plans to buy another $20 million as soon as next week, according to a filing …

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GE shares hit 9-year low as Wall Street says cut may not be enough

General Electric shares plunged 10 percent to below $10 a share during trading Tuesday after multiple Wall Street analysts warned clients that new CEO Larry Culp’s cut to the quarterly dividend to just a penny a share may be just the beginning of a slow and difficult process. GE shares …

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Apple new iPad Pro photos, hands-on first impressions

Todd Haselton | CNBC Apple unveils a new Apple iPad Pro in Brooklyn, New York, October 30, 2018. I prefer the 11-inch model of the two, which feels about the same as last year’s 10.5-inch model in my hand, but has a nice extra bit of screen to look at. The …

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Apple says the iPad is outselling every laptop on the market

Timothy A. Clary | AFP | Getty Images Apple CEO Tim Cook unveils new iPads in New York on Oct. 30, 2018. Apple is doing everything it can to position the iPad as the PC killer. CEO Tim Cook said at an event in New York on Tuesday that Apple …

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Iran selling lots of oil just days before Trump’s sanctions deadline

That hard line prompted many countries to scale back purchases quickly, said Richard Nephew, the lead sanctions expert for the U.S. delegation that negotiated the Iran nuclear deal. Nephew had originally expected the sanctions to shrink Iran’s exports by about 600,000 bpd. Nephew says many of the “easy barrels” have …

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HCA Healthcare jumps after strong earnings and forward guidance

Noah Berger | Bloomberg | Getty Images Ambulances are parked outside the emergency room at Good Samaritan Hospital in San Jose, California.  HCA Healthcare shares jumped on Tuesday after the company reported third-quarter earnings and revenue that beat Wall Street’s expectations. The Nashville-based hospital behemoth also raised its earnings and …

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Trump reportedly plans to terminate birthright citizenship

Chip Somodevilla | Getty Images News | Getty Images President Donald Trump announces a plan to overhaul how Medicare pays for certain drugs during a speech at the Department of Health and Human Services October 25, 2018 in Washington, DC. President Donald Trump told Axios he is planning to terminate …

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Google, Accel back Ethos Series B funding round, now valued at $100M+

Ethos Ethos co-founders Lingke Wang, left, and Peter Colis, right. Ethos, a start-up that says it can process life insurance applications in a matter of minutes, has raised $35 million in a funding round led by Accel and backed by Google’s venture capital arm. The latest investment raises the San Francisco-based company’s …

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My own collateral damage in the London mayor’s green war

Jason Bollenbacher | Getty Images for SXSW Sadiq Khan, Mayor of London speaks onstage at the SXSW Convergence Keynote during SXSW at Stateside Theater on March 12, 2018 in Austin, Texas.  The then mayor, before he became the Brexiteer pin-up, Boris Johnson, told me that if I bought this car, …

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