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Alphabet downgraded after reaching $1,000 due to ‘expensive’ valuation

Michael Short | Bloomberg | Getty Images Sundar Pichai, chief executive officer of Google Wall Street is getting jittery over FANG stocks. Canaccord Genuity analyst Michael Graham told investors he is growing increasingly concerned about the valuations of the large cap tech bellwethers in a note to clients Thursday. As …

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Robots taking jobs in five years is BS, GE CEO Jeff Immelt says

Erik Freeland | Corbis Historical | Getty Images Jeffrey Immelt (center), executive at General Electric Corporation, attends a press conference in New York. “There’s 330,000 people that work for GE and none of them had a productive day yesterday, none of them had a completely productive day. So my own …

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Foxconn, assembler of iPhones, considers building a plant in Wisconsin

Qilai Shen | Bloomberg | Getty Images Foxconn employees on the assembly line in Longhua, Shenzhen, China. A Taiwanese company that assembles Apple’s iPhones and other electronics is considering building a plant in Wisconsin that could employ thousands of people. A person with direct knowledge of the negotiations who was …

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Google Drive will soon back up your entire computer

Justin Sullivan | Getty Images Larry Page, Google co-founder and CEO speaks during the opening keynote at the Google I/O developers conference. Google is turning Drive into a much more robust backup tool. Soon, instead of files having to live inside of the Drive folder, Google will be able to …

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Apple is getting ready for an iPhone 8 ‘super-cycle’: Credit Suisse

John van Hasselt | Corbis | Getty Images Advertising campaigns displayed on large canvases cover facades of historic buildings and monuments on May 25, 2017 in Paris, France. After a big pullback in technology shares Friday caused the Nasdaq composite to post its worst week of the year, some investors …

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Twitter promoting ‘#happydeathday’ sparks outrage amid London fire, Virginia shooting

Toby Melville | Reuters Firefighters direct jets of water onto a tower block severely damaged by a serious fire, in north Kensington, West London, Britain June 14, 2017. This is seriously unfortunate timing for Twitter. What was supposed to be a promotional hashtag on the social media website for the …

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Samsung Galaxy S8 beats iPhone 7

David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple. The Samsung Galaxy S8 and Galaxy S8+ are the best smartphones you can buy, well ahead of the iPhone 7 and iPhone 7 Plus, according to Consumer Reports. Consumer Reports praised the bright and colorful …

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Wall Street analyst sees nearly 30 percent Tesla rally in 12 months

David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors, speaks during an event at the company’s headquarters in Palo Alto, California. Forget the tech wreck the past two days. Berenberg decided to use the pullback to raise its price target for …

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Uber insiders are eager to sell shares but they can’t find a market

Barry Chin | The Boston Globe | Getty Images Travis Kalanick, Co-Founder and CEO of Uber As Uber’s workplace scandal widens, a growing number of insiders are seeking to sell their shares. But buyers are hard to find. “The demand side has dried up relative to the sell side,” said …

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Foxconn says Apple, Dell part of its bid for Toshiba chip business

Tomohiro Ohsumi | Bloomberg | Getty Images Toshiba signage is displayed at Hamamatsucho Building, which houses the Toshiba headquarters, in Tokyo, Japan, on Tuesday, March 14, 2017. Apple, computing giant Dell and Kingston Technology are members of a Foxconn-led consortium bidding for Toshiba’s chip unit, the CEO of the world’s …

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