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Marlene Awaad | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. A Facebook bug exposed photos from up to 6.8 million users using third-party apps, the company disclosed Friday. The …
Read More »Monthly Archives: December 2018
Twilio’s 300 percent surge this year has been windfall for Bessemer
Getty Images Twilio Inc. founder and CEO Jeff Lawson (C, in glasses) reacts after ringing the opening bell to celebrate Twilio’s initial public offering, at the New York Stock Exchange, June 23, 2016 in New York City. In a year that’s featured the high-profile market debuts of Dropbox, Spotify and …
Read More »Shoppers return to liquidating Sears stores, boost same-store sales
Scott Olson | Getty Images Shoppers walk toward a Kmart store in Elmhurst, Illinois. Customers who abandoned Sears Holdings in favor of shopping online and other discount retailers have returned for its liquidation sales. For the first time in years, the 125-year-old retailer, which filed for bankruptcy in October, saw …
Read More »Slower IT spending could reveal Cisco’s ‘imperfections,’ analyst says
While stronger technology spending across Wall Street and a spell of innovation at Cisco have boosted the stock to post-recession highs, shares now look a little expensive, according to Normura Instinet. The brokerage downgraded Cisco’s stock to neutral from buy on Friday, arguing that the strong stream of IT purchases …
Read More »Tesla will revolutionize consumer habits like Amazon, Apple
David McNew | AFP | Getty Images Tesla Motors CEO Elon Musk unveils large utility scale home batteries at the Tesla Design Studio in Hawthorne, California. Wedbush Securities began coverage of Tesla shares on Friday with an outperform rating, saying Elon Musk’s electric vehicle and energy storage company is now …
Read More »Top Apple analyst Kuo slashes Apple iPhone shipment estimates by 20%
Yves Herman | Reuters Apple CEO Tim Cook delivers a keynote during the European Union’s privacy conference at the EU Parliament in Brussels, Belgium October 24, 2018. Ming-Chi Kuo of TF International Securities, the most widely followed Apple analyst on Wall Street whose calls typically move the stock, says demand …
Read More »China reports November fixed asset investment, industrial production
Fu Tian | China News Service | Visual China Group via Getty Images Giant Panda statues at the China International Import Expo (CIIE) — held from Nov. 5 to Nov. 10, 2018 at the National Exhibition and Convention Center in Shanghai, China. China on Friday reported industrial output and retail …
Read More »These stocks represent good value, but they aren’t buys
Adam Jeffery | CNBC Jerome Powell, Chairman of the Federal Reserve, speaking at the New York Economic Club on Nov. 181128. The economy is showing signs of weakness that should make the Federal Reserve think twice about raising interest rates after December’s widely anticipated hike, Cramer warned on Thursday. “There’s …
Read More »Stocks of planes, trains and package delivery firms getting crushed
Transportation stocks have hit the skids and are looking worse than the broader market, a trend that needs to reverse for stocks to stabilize. The Dow Transports have lost 15 percent since Oct. 1, 6 percentage points worse than the S&P 500, and they show no sign of improving. The …
Read More »Stocks making the biggest moves after hours: Costco, Starbucks and more
Daniel Acker | Bloomberg | Getty Images A woman shops at a Costco Wholesale Corp. store in East Peoria, Illinois. Check out the companies making headlines after the bell: Costco shares fell 3 percent after the market close after reporting disappointing quarterly earnings and revenue. The company reported $34.31 billion …
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