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Monthly Archives: November 2018

Why the headquarters of iconic tech companies are tourist attractions

Brooks Kraft | Getty Images Google employees arriving after bicycling to work at the Googleplex in Mountain View, CA. With many tech companies enjoying worldwide prominence, and with fodders to match, some headquarters have now become architectural wonders in their own right. Even company offices that aren’t architecturally gifted, have …

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McDonald’s is on fire with no end in sight

Michael Nagle | Bloomberg | Getty Images A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Nov. 2, 2018.  Cramer wants investors to be prepared for the week ahead after days of news-driven swings in the stock market. “This market …

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European stress test 2018 results revealed

Daniel Roland | AFP | Getty Images Daniele Nouy, Chair of the Supervisory Board of the Single Supervisory Mechanism, SSM, of the European Central Bank, ECB. Results of the stress test of Europe’s bigger banks released Friday revealed that all of the financial institutions in the EU wide examination passed …

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Here are the three things pulling down the stock market again

U.S. stocks gave up overnight gains on Friday after White House officials told CNBC there is no imminent trade deal with China, contrary to earlier reports. Disappointing announcements from Apple also weighed on investors, while a strong jobs report increased the fear of interest rates rising further. Dow Jones Industrial …

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Warren Buffett loses nearly $4 billion in single day on his Apple stake

Paul Morigi | Getty Images Warren Buffett, CEO of Berkshire Hathaway Warren Buffett’s Berkshire Hathaway lost more than $3 billion on Friday as Apple’s stock headed for its worst day on Wall Street in more than four years. Apple — poised to post its fifth consecutive week of losses for …

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British lawmakers want rules to protect traditional broadcasters from internet giants like Netflix

Getty Images Streaming player menu screen featuring Netflix, Amazon, Vudu, Hulu, and Redbox Instant. British lawmakers have called on the government to curb the “threat” of internet giants to the U.K.’s public service broadcasters (PSBs). The Guardian newspaper published a letter Friday to Jeremy Wright, the U.K. minister for digital, …

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Elon Musk says he won’t change much about how he uses Twitter

David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors Elon Musk said he doesn’t plan to change much about his Twitter habits, even after a settlement with the SEC caused him and Tesla to pay $20 million and for Musk to …

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Fed Chairman Powell’s view of immigration differs from Trump

Mary F. Calvert | Reuters Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on the “Semiannual Monetary Policy Report to Congress,” at the Rayburn House Office Building in Washington, U.S., July 18, 2018.  The head of the U.S. central bank has some concerns about the …

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Apple stock lower after major shake-up of quarterly reports

Apple stock plunged as much as 6 percent Friday after the company delivered a strong earnings report but surprised investors with a major shake-up of its quarterly reporting structure and light guidance for the holiday quarter. Shares opened around $209 after tanking as much as 7 percent in extended trading …

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Tesla pickup truck like something out of ‘Blade Runner’: CEO Elon Musk

Yuriko Nakao | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla  Elon Musk is serious about plans for a Tesla pickup truck, and says it’s going to look like something out of the sci-fi movie “Blade Runner.” Musk announced plans for a Tesla pickup truck …

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