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Monthly Archives: January 2018

Snap shares fall after Cowen downgrades, predicts 30% slide

Snap shares fell 3 percent Thursday after a Wall Street investment firm found that ad buyers ranked the company lowest relative to other social media networks. Cowen lowered its rating for the photo messenger’s shares to underperform from market perform, predicting a 30 percent decline in stock price over the …

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Sprint names Michel Combes as president and chief financial officer

David Paul Morris | Bloomberg | Getty Images A customer, right, looks at merchandise with an employee at a Sprint Corp. store in Palo Alto, California. Sprint on Thrusday named Michel Combes as president and chief financial officer, effective January 6. Combes will report to CEO Marcelo Claure and will …

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Bombshell Wolff book on Trump poses threat for Republicans in midterms

Jonathan Ernst | Reuters President Trump ponders the answer to a question from a reporter en route to Hanoi, Vietnam, aboard Air Force One. Nor do a growing economy and rising stock values offer Republicans much comfort in 2018. Early polling shows Democrats strongly positioned for midterm gains in November. …

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Powerful winter storm grounds nearly 3,000 flights

Scott Eisen | Bloomberg | Getty Images A traveler checks a departure board at Logan International Airport (BOS) in Boston, Massachusetts, U.S., on Wednesday, Jan. 3, 2018. The worst storm of the winter season has knocked out power to thousands and canceled almost 3,000 flights. A powerful winter storm carrying …

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Iranian army commander offers to help police with protests

STR | AFP | Getty Images Iranian students scuffle with police at the University of Tehran during a demonstration driven by anger over economic problems, in the capital Tehran on December 30, 2017. Iran’s army chief said on Thursday police forces had already quelled anti-government unrest that has killed 21 …

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Ethereum blasts to an all-time high and nears $1,000

Jaap Arriens | NurPhoto via Getty Images Ether, the digital token of the Ethereum blockchain, is the second-largest cryptocurrency in the world by market value. Alternative cryptocurrency ethereum broke a fresh record high Thursday. The digital currency was seen moving close to the $1,000 mark, edging up to an all-time …

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US may soon enjoy ‘energy superpower’ status, S&P Global Platts analyst says

Ty Wright | Bloomberg | Getty Images A rig hand removes drill pipe from a natural gas well at a hydraulic fracturing site in Washington Township, Pennsylvania. The U.S. is well-placed to join the likes of Saudi Arabia and Russia as one of the world’s leading energy powerhouses, an analyst …

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One stock analyst’s $10 trillion bull case for cryptocurrencies

Cryptocurrencies and the blockchain technology underlying them could become a $10 trillion market in 15 years, RBC Capital Markets analyst Mitch Steves says. That’s more than 13 times larger than the roughly $730 billion value of cryptocurrencies today, according to CoinMarketCap. “By utilizing decentralized computing and opensource software, we see …

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Blizzard pounds US Northeast as snow sweeps across South

Source: The Weather Channel Snow accumulations forecast for the east coast of the U.S. on Jan. 3rd, 2018. Heavy snow and high winds pounded the U.S. East Coast along a front stretching from Maine as far south as North Carolina early on Thursday, knocking out power, icing over roadways and …

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Bomb cyclone to hit east coast amid low fuel supply

Robert Frank | Reuters Jeff Strum removes snow off of his car after two days of record-breaking snowfall in Erie, Pennsylvania, December 27, 2017. Fuel oil is set to lead the energy market higher as a current supply shortage coincides with the big freeze hitting the U.S. east coast, according …

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