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Jacob Kepler | Bloomberg | Getty Images Daniel Loeb, founder and chief executive officer of Third Point LLC Activist hedge fund manager Dan Loeb is another all star that struggled big time in 2018. His firm Third Point lost about 6 percent in December alone, bringing its yearly loss to …
Read More »Yearly Archives: 2019
Apple has a core challenge, and it’s not China, says Toni Sacconaghi
John Gress | Reuters Tim Cook, Chief Executive Officer of Apple Inc., takes a selfie with a customer and her iPhone as he visits the Apple Store in Chicago, Illinois, U.S., March 27, 2018. In an interview with CNBC’s Josh Lipton on Wednesday, Cook said, “Our shortfall is over 100 …
Read More »Apple’s China warning is another example of Trump impact on tech
Chip Somodevilla | Getty Images Apple CEO Tim Cook with U.S. President Donald Trump during a meeting of the American Technology Council on June 19, 2017. Apple’s lowered revenue outlook is more than just the latest bad headline out of Silicon Valley — it’s another example of President Donald Trump’s …
Read More »Bristol-Myers Squibb shares fall on $74 billion Celgene acquisition
Georges Gobet | AFP | Getty Images Tablets are pictured on the production line of Bristol Myers Squibb’s pharmaceutical plant of French group UPSA. Bristol-Myers Squibb is making a $74 billion bet — and investors aren’t pleased. The New York-based pharmaceutical giant on Thursday said it would acquire Celgene, a …
Read More »China annual auto sales fall for first time in about two decades
Fred Dufour | AFP | Getty Images This picture taken on November 22, 2018 shows vehicles at a Hongqi car dealer in Beijing. Auto sales in China fell 3 percent in 2018 — their first decline in about two decades and a mild introduction to even more pain coming for …
Read More »GM Cruise and DoorDash are partnering on autonomous food deliveries
Elijah Nouvelage | Reuters Two self-driving Chevy Bolt EV cars are seen during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. November 28, 2017. Food delivery service DoorDash is partnering with General Motors’ self-driving unit Cruise to test autonomous technology for meal and grocery …
Read More »United Airlines bans emotional-support puppies and kittens
Richard Atrero | Anadolu Agency | Getty Images A dog is seen on the lap of its owner in a plane in Chiba, Japan on January 27, 2017. United Airlines will no longer accept emotional-support kittens and puppies under four months of age and will ban emotional-support animals outright on …
Read More »Apple’s suppliers are getting crushed by its lowered revenue guidance
Noah Berger | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc. Apple’s downgraded revenue guidance dragged its stock down more than 8 percent Friday, and brought its suppliers and partners down with it. Guidance cuts from some of Apple’s suppliers gave investors the first whiff of …
Read More »Nancy Pelosi and Democrats take House majority, plan to check Trump
Getty Images House Minority Leader Nancy Pelosi (D-CA) speaks to the media during her weekly news conference, on Capitol Hill March 23, 2017 in Washington, DC. Democrats take a House majority on Thursday, and they plan to quickly change the chamber’s path after eight years of Republican control. The party …
Read More »Coffee startup Luckin plans to overtake Starbucks in China this year
Wang Zhao | AFP | Getty Images A deliveryman carrying bags of coffee walks out a Luckin Coffee in Beijing on August 2, 2018. Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks as the largest coffee chain by number of outlets in …
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