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Monthly Archives: November 2017

John Lasseter takes leave of absence from Pixar: Hollywood Reporter

Jason LaVeris | FilmMagic John Lasseter attends the premiere of ‘Coco’ at El Capitan Theatre on November 8, 2017 in Los Angeles, California. John Lasseter said he is taking a leave of absence from Pixar after several “painful” conversations and “missteps,” according to a memo he wrote to his staff. …

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Trump says AT&T-Time Warner deal is ‘not good for the country’

Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump speaks to the press before departing from the south lawn of the White House in Washington, DC on November 21, 2017. President Donald Trump weighed in briefly on the government’s attempt to block the $85 billion AT&T-Time Warner merger. “Personally, …

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Trader who tried to bet against tech changes his tune

The Nasdaq 100 just entered its longest bull market ever, rallying for nine years without a 20 percent decline, and that has one trader changing positions on his former bet against big tech. On Oct. 19, TradingAnalysis.com founder Todd Gordon made a bet that the Nasdaq 100-tracking ETF (QQQ) would …

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Trump, Putin discuss Syria, North Korea in hour-plus call

Mandel Ngan | AFP | Getty Images President Donald Trump speaks on the phone with Russia’s President Vladimir Putin from the Oval Office of the White House on January 28, 2017, in Washington, DC. President Donald Trump and Russia’s Vladimir Putin discussed efforts to bring peace to war-torn Syria during …

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These tech stocks are outperforming, adding $600 billion in market cap

“FANG” is so yesterday. The so-called FANG stocks – Facebook, Amazon, Netflix and Google-parent Alphabet – are surging this year, up a respective 58, 52, 58 and 32 percent and adding a combined $600 billion in market cap. Despite the monster gains, another group of tech stocks is still outperforming. …

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US airstrike kills over 100 militants in Somalia, military says

Mohamed Abdiwahab | AFP | Getty Images A soldiers checks the area where a suicide bomber from Somalia’s Shebab insurgents killed at least 12 people and wounded 27 others, on September 8, 2014, by ramming a vehicle packed with explosives into a convoy of African Union troops in Mogadishu. The …

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Bitcoin rebounds to all-time high, shrugs off cryptocurrency hack

Bitcoin prices recovered to reach a record high on Tuesday as investors in the space shrugged off news that another cryptocurrency was hacked. Bitcoin hit $8,362.30 earlier in the day, an all-time high. It traded 0.4 percent higher at $8,266.84 at 2:14 p.m. New York time, according to CoinDesk. But …

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Chinese micro-lenders Qudian and PPDai are plunging

Richard Drew | AP Qudian Inc. CEO Min Luo, center, signs the New York Stock Exchange guest book to celebrate his company’s IPO, Wednesday, Oct. 18, 2017. Two recent Chinese IPOs are plunging on U.S. exchanges Tuesday following news that the Chinese government is eyeing greater regulation in the micro-lending …

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Robert Mugabe, longtime president of Zimbabwe, has resigned, parliamentary speaker says

Philimon Bulawayo | Reuters President Robert Mugabe listens to his wife Grace Mugabe at a rally of his ruling ZANU-PF party in Harare, Zimbabwe, November 8, 2017. Robert Mugabe resigned as Zimbabwe’s president on Tuesday, shortly after parliament began an impeachment process to end his nearly four decades of rule. …

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Tesla could surge to $400 and then get cut in half

David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors Inc. Tesla shareholders are in for a roller-coaster ride next year, according to the most widely followed analyst covering the stock. Morgan Stanley reiterated its equal weight rating for electric car maker’s …

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