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Monthly Archives: November 2017

Three stocks to buy on recent weakness: Technician

Lastly, Ross pointed to Tesla as a stock to buy when volatility picks up. Despite the stock’s recent weakness, down 22 percent from its September high, Ross stressed the importance of looking at a longer-term chart in order to get a better grasp of its performance. “The stock is up …

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The Pope is giving away a white and gold Lamborghini because of ISIS

L’Osservatore Romano | Pool | AP Pope Francis writes on the bonnet of a Lamborghini donated to him by the luxury sports car maker, at the Vatican, Wednesday, Nov. 15, 2017. The car will be auctioned off by Sotheby’s, with the proceeds going to charities including one aimed at helping …

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Bitcoin jumps more than 9% after news Square is testing the digital currency

Bitcoin has again recovered quickly from a sharp drop. The digital currency briefly surged more than 9 percent Wednesday to a high of $7,251.81, according to CoinDesk. That’s within 10 percent of its record high of $7,879.06 hit last Wednesday. Bitcoin had fallen 30 percent below that record over the …

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Senate GOP raises child tax credit to win over Marco Rubio, Mike Lee

Bill Clark | CQ Roll Call | Getty Images Sen. Marco Rubio, R-Fla., left, speaks with Sen. Mike Lee, R-Utah. Tweaks to the Senate tax plan include a change that will help to ease the concerns of two Republican senators. Under the revisions released Tuesday night, the child tax credit …

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A lightning fast rally in oil prices is reversing. Here’s why

A downbeat outlook for oil demand from a top energy watchdog and fears of rising U.S. output sparked a sell-off in crude futures this week, but analysts say the market was already poised for a pullback. International benchmark Brent and U.S. West Texas Intermediate crude have both shed about $3 …

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Tecent’s Martin Lau on its relationship with Snap

Xaume Olleros | Bloomberg | Getty Images Martin Lau, president of Tencent Holdings Ltd. Chinese tech giant Tencent wants a closer relationship with Snap, the company’s president said on its earnings call Wednesday. “When we look at Snap’s business we continue to feel there’s a lot of engagement with the …

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Jack Dorsey’s Square rises on news it’s testing support of bitcoin

Traders have another potential stock play on bitcoin: Square. Jack Dorsey’s company is testing support for bitcoin through its Cash payments app. “We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash app customers,” a Square spokesperson …

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trademark filed, cloud management likely

David A. Grogan | CNBC Meg Whitman, Chairman and CEO of Hewlett-Packard at the 2016 World Economic Forum in Davos, Switzerland. Hewlett Packard Enterprise is planning to announce a new product called OneSphere that could help companies track when employees use public clouds like Amazon Web Services. HPE filed a …

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‘Mugabe’s absolute hold on power is now over,’ Zimbabwe expert says

AFP | Getty Images This screen grab taken early on November 15, 2017 from a television broadcast on the Zimbabwe Broadcasting corporation (ZBC) shows Zimbabwe Major General Sibusiso Moyo reading a statement at the ZBC broadcast studio in Harare. Zimbabwe’s military appeared to be in control of the country on …

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New Senate tax plan removes stock option provision that had Silicon Valley sweating

Getty Images President Donald Trump (2nd L) welcomes members of his American Technology Council, including (L-R) Apple CEO Tim Cook, Microsoft CEO Satya Nadella and Amazon CEO Jeff Bezos in the State Dining Room of the White House June 19, 2017 in Washington, DC. A revised tax plan released Tuesday …

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