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Monthly Archives: January 2018

PayPal rises after previously skeptical analyst jumps on the bandwagon

Shares of PayPal ticked 1 percent higher before the bell Tuesday after research firm Cowen decided to jump on the payments platform’s bandwagon. Analyst George Mihalos upgraded the stock to outperform from market perform and hiked his price target on the shares to $88 from $67. The new price target …

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Under Armour is killing its brand, downgrade: Susquehanna

Patrick T. Fallon | Bloomberg | Getty Images Kevin Plank, founder and chief executive officer of Under Armour Inc., speaks during the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Friday, Jan. 6, 2017. Shares of Under Armour fell more than 4 percent in premarket trading Tuesday …

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2018 ushers in the dash-for-trash trade

It appears the dash-for-trash strategy is already paying off for investors in the early days of 2018. “Losers have been doing well,” Bespoke co-founder Paul Hickey said Monday on CNBC’s “Trading Nation.” “The 20 best performing stocks as of the end of Friday were down a median of 11 percent …

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Microsoft halts some AMD chip Meltdown patches after PCs freeze

Sam Yeh | AFP | Getty Images A chip the size of a coin, used in central processing units and a graphic processing units developed by the US-headquartered Advanced Micro Devices (AMD). Microsoft said on Tuesday it had suspended patches to guard against Meltdown and Spectre security threats for computers …

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Iran lawmaker says 3,700 arrested in days of protest, unrest

Atta Kenare | AFP | Getty Images Pro-government demonstrators hold a poster of Iran’s supreme leader Ayatollah Ali Khamenei during a march following the weekly Muslim Friday prayers in Tehran on January 5, 2018. An Iranian reformist lawmaker said Tuesday that some 3,700 people were arrested in the days of …

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The bond market is doing something it hasn’t done in 52 years

Volatility in the Treasury market has sunk to a multidecade low, and that could have sweeping implications for the bond market this year. Treasury volatility as measured by realized volatility in the U.S. 10-year Treasury note has fallen to a 52-year low, according to a new report from Bank of …

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North Korea said it will send senior officials and athletes to the Olympics, South Korea says

Handout: South Korean Ministry of Unification Officials from South Korea and North Korea meet to discuss the North’s participation in the 2018 Winter Olympics. North Korea said during rare talks with the South it will send a delegation of high-ranking officials, athletes and a cheering squad to the Pyeongchang Winter …

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Facebook’s Oculus says Xiaomi will make standalone VR headset in China

Money Sharma | AFP | Getty Images Hugo Barr, VP of VR at Facebook Facebook said Chinese smartphone maker Xiaomi will make the hardware for its upcoming Oculus Go virtual-reality headset. Xiaomi is also building a product called the Mi VR Standalone for the Chinese market based on Go technology …

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Facebook is shutting down M

Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc., attends the fourth day of the annual Allen & Company Sun Valley Conference, July 14, 2017 in Sun Valley, Idaho. Facebook M, the text-based virtual assistant that used human workers to train an artificial intelligence system, is ending …

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House Foreign Affairs Chairman Royce will not run for re-election

Bill Clark | CQ Roll Call | Getty Images Chairman Ed Royce, R-Calif., arrives for a House Foreign Affairs Committee hearing last November. Republican U.S. Representative Ed Royce of California, chairman of the House Foreign AffairsCommittee, said on Monday he will not run for re-election in November. Royce is in …

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