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Monthly Archives: December 2017

Tesla stock is up 12 percent in a week

Tesla shares have surged 12 percent in the last week, but one equity strategist sees trouble on the horizon. The stock has risen for three-straight sessions on a slew of news the market appeared to like: CEO Elon Musk said last week the electric car manufacturer was working toward custom …

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Bitcoin futures briefly halted after plunging 10%

The Cboe’s bitcoin futures fell 10 percent Wednesday, triggering a two-minute trading halt early Wednesday afternoon. The futures had triggered trading halts twice in their Sunday night debut as the futures surged. On Wednesday, the futures, which expire in January, were down by more than 7 percent at $16,720 as …

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SpaceX, Blue Origin and other private companies reshaping space

Morgan Stanley is further backing its prediction the space industry will triple in size, announcing Wednesday the launch of a new “space disruptor series.” The firm identified 90 private companies “on the forefront of space disruption,” writing in a note to investors. Headlined by Elon Musk’s SpaceX, Jeff Bezos’ Blue …

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House, Senate Republicans reach deal on tax plan, Orrin Hatch says

Getty Images U.S. Rep. Kevin Brady (R-TX) (C) holds up a tax filing ‘postcard’ as Speaker of the House Rep. Paul Ryan (R-WI) (L) and Senate Majority Leader Sen. Mitch McConnell (R-KY) (R) looks on during a press event on tax reform September 27, 2017 at the Capitol in Washington, …

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Obamacare enrollment hits 4.7 million on HealthCare.gov

Getty Images Isabel Diaz Tinoco (L) and Jose Luis Tinoco speak with Otto Hernandez, an insurance agent from Sunshine Life and Health Advisors, as they shop for insurance under the Affordable Care Act at a store setup in the Mall of Americas on November 1, 2017 in Miami, Florida. About …

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iOS 11.2.1 now available for iPhones and iPads

Getty Images Apple CEO Tim Cook (R) and Apple chief design officer Jonathan Ive (L) look at the new Apple iPhone X during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. Apple just rolled out a new …

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Facebook Russian-bought Brexit ad buys amount to less than $11

Alexei Nikolsky | Sputnik, Kremlin Pool | AP Russian President Vladimir Putin heads the Cabinet meeting in Moscow, Russia, Wednesday, April 12, 2017. Russian-based operatives placed three advertisements on Facebook in the run-up to Britain’s 2016 referendum on EU membership, spending just 97 cents to raise the issue of immigration, …

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Another bitcoin rival leaps to a record high, surpassing litecoin’s market value

Another day, another digital currency surge. Ripple, or XRP, leaped 37.5 percent from Tuesday’s close to a record high of 51.37 cents Wednesday, according to CoinMarketCap. The gains pushed ripple past litecoin into fourth place by cryptocurrency market capitalization at $18.23 billion, according to CoinMarketCap. Ripple last traded slightly off …

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OPEC, allies look at plans for prolonged oil supply restraint

Akos Stiller | Bloomberg | Getty Images Khalid Bin Abdulaziz Al-Falih, Saudi Arabia’s energy minister and president of OPEC, speaks as Alexander Novak, Russia’s energy minister, left, listens during a news conference following the 172nd Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, May 25, 2017. …

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Overstock.com spikes after blockchain unit announces for-profit property registry

Ken James | Bloomberg | Getty Images Boxes sit stacked inside a United Parcel Service Inc. (UPS) truck in the shipping area at the Overstock.com Inc. distribution center in Salt Lake City, Utah. Shares of Overstock.com surged Wednesday after the CEO announced a joint venture for a global property registry …

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