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Monthly Archives: January 2018

Kodak shares have more than tripled since announcing ‘KodakCoin’

Investors really love Eastman Kodak’s makeover. One day after the 130-year-old industrial company announced plans for its own cryptocurrency, shares are soaring 72 percent. KodakCoin will roll out after an initial coin offering later this month, Kodak said on Tuesday. Blockchain, the technology underpinning popular digital currencies like bitcoin, is …

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California GOP Rep. Darrell Issa will retire: NBC News

Bill Clark | CQ Roll Call | Getty Images Rep. Darrell Issa, R-Calif., arrives for the House Judiciary Committee hearing on oversight of the Federal Bureau of Investigation, Dec. 7, 2017. Rep. Darrell Issa, R-Ca., will not seek re-election later this year, opening up another battleground in the deep blue …

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‘Fire and Fury’ sales top 29,000 in first weekend

Getty Images Customers purchase copies of one of the first UK consignments of Michael Wolff’s book on President Trump’s Presidency ‘Fire and Fury’, at Waterstones, Piccadilly on January 9, 2018 in London, England. The book is already a bestseller with over a million orders in the US alone. Michael Wolff’s …

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Trump calls courts ‘broken and unfair’ after judge blocks DACA move

Jabin Botsford | The Washington Post | Getty Images President Donald Trump in the Oval Office at the White House in Washington, DC on Tuesday, Jan. 09, 2018. President Donald Trump railed on the American court system on Wednesday morning after a judge blocked his move to end an Obama-era …

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China is reportedly thinking of halting US Treasury purchases

Patrik Stalloarz | AFP | Getty Images China’s President Xi Jinping (L) and US President Donald Trump attend a working session on the first day of the G20 summit in Hamburg, northern Germany, on July 7, 2017. China, the United States’ biggest buyer of sovereign bonds, could be slowing down …

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Nvidia chips affected, initially patched

Rick Wilking | Reuters Jensen Huang, CEO of Nvidia, shows the Drive Pegasus robotaxi AI computer at his keynote address at CES in Las Vegas, January 7, 2018. Nvidia said some of its chipsets have been affected by Spectre, a memory corruption flaw that allows hackers to bypass operating systems …

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This bull market is more powerful than the late 1990s, Acampora says

The godfather of technical analysis is a raging bull, and he’s becoming even more vocal about it. Last week, Ralph Acampora said he was so bullish he had to sit down and calm down. “I’m not sitting in a chair anymore. I’m sitting in a rocking chair,” he told CNBC’s …

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L’Oreal CEO Jean-Paul Agon on 40 years at the company, how it’s embracing digital and what’s next

Jason Alden | Bloomberg | Getty Images Jean-Paul Agon, chief executive officer of L’Oreal SA “The world is changing so fast and so hugely that that the task of transforming the company to adapt to this new world is a fantastic task,” he said. “And I have to say that …

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Trump inclined to ‘spend money’ on infrastructure, but House GOP isn’t

Carlos Barria | Reuters President Donald Trump celebrates with Congressional Republicans after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington, December 20, 2017. With establishment Republicans increasingly embracing President Donald Trump, the moment certainly seems ripe for him to capture …

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Now is not the time to sell stocks, JP Morgan strategist says

Toshifumi Kitamura | AFP | Getty Images Pedestrians walk in front of an electronic stocks indicator showing the numbers on the Tokyo Stock Exchange in the window of a securities company in Tokyo on Nov. 16, 2017. Global investors should not be put off by current equity market valuations and …

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